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Politics and Religion

This gives me chills
Madison_Ohare See my TER Reviews 1615 reads
posted

in a good way!  I hope they have to pay!

Related Link: http://www.usatoday.com/story/money/business/2012/10/24/bank-of-america-mortgage-fraud/...

JeffEng16192 reads

If you want to get an indepth handle on situations at a number of major investment banks just like the story you linked ck out

1) NYT Business Section daily  on the web--they cover them well.
2) Gretchen Morgenson's Reckless Endangerment (She's covered this closely for years for NYT)
3) Joe Nocera All the Devils Are Here (Covers this for NYT)
4)  James B. Stewart NYT
5)  Money and Power: How Goldman Sachs Came to Rule the World William Cowan
6) Andrew Ross Sorkin NYT and Too Big to Fail

They do a great job.

Posted By: Madison_Ohare
in a good way!  I hope they have to pay!
-- Modified on 10/24/2012 5:56:02 PM

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salonpas329 reads

........,Countrywide financial was responsible for issuing subprime loans to folks who could NOT afford their mortgage payments. Bank of America was forced by former Treasury secretary, Paulson, a Bush appointee, to buy out Countrywide Financial. No due diligence was ever done, a piece of paper was placed in front of the BOA CEO at the height of the crisis in 2008 and he was asked to sign it for the good of America. Now Do you really think we live in a true Democracy. Fuck NO!

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anonymousfun171 reads

At least fact check before posting crap. Before you go and say it is Obama’s fault, Financial Collapse happened under Bush watch.

On September 14, 2008, Bank of America announced its intentions to purchase Merrill Lynch & Co., Inc. in an all-stock deal worth approximately $50 billion. Merrill Lynch was at the time within days of collapse, and the acquisition effectively saved Merrill from bankruptcy.[40] Around the same time Bank of America was reportedly also in talks to purchase Lehman Brothers, however a lack of government guarantees caused the bank to abandon talks with Lehman.[41] Lehman Brothers filed for bankruptcy the same day Bank of America announced its plans to acquire Merrill Lynch.[42] This acquisition made Bank of America the largest financial services company in the world.[43] Temasek Holdings, the largest shareholder of Merrill Lynch & Co., Inc., briefly became one of the largest shareholders of Bank of America,[44] with a 3% stake. However, taking a loss Reuters estimated at $3 billion, the Singapore sovereign wealth fund sold its whole stake in Bank of America in the first quarter of 2009.[45]

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sassyfla221 reads

and for super in-depth,  

The Great Crash Ahead
Strategies for a World Turned Upside Down   (great subheading)
Harry S. Dent Jr

Some great insight into the genesis of what is going on economically,  and that it peeks  about every 80 yrs, Great depression? Hmm,  think,  its been how long?  He also believes that the market will go back to right around the time Jimmy Carter instituted the CRA Act,  and that was the catalyst for the beginning of the end of decline of the next 40 years,  or there abouts,  BINGO,  here we are.  Remember in "economic terms"  its not about what happen in the past couple of years,  it is the culmination of events over an extended period of time.   His prediction,  the market will finally bottom at around 3800,  between 2016 and 2018,  plus housing will go through another small bubble,  then will drop below current prices.  The good thing,  we will go into deflation, and consumer prices will drop,  because consumer, simply won't be buying.  


Willy,  you were the one who got me motivated to learn about macroeconomics,  gosh I have to read each paragraph several times to understand,  but I'm loving it  :-)  Thanks Willy

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no_email174 reads

Nobody was forced to buy a mortgage. I don't get this eye for an eye, we must seek justice mentallity.

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salonpas219 reads

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anonymousfun145 reads

which is what the Bush administration did causing the financial melt down.

Capitalism left uncontrolled will make the rich richer and the poor poorer, which is exactly what happened. Fundamentally, BoA defrauded Fanny Mae and Freddie Mac, both government guaranteed organization which buys mortgages.

You can’t and won’t get it since you belong to the biggest con job party and support two of the biggest shape shifter running for POTUS.

How is tax payer going to pay? Another idiotic argument? Where did you get it from? Faux News? Rush? Hannity? Glen Beck?

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Madison_Ohare194 reads

I think our government is evil.  I think politics is evil and very negative.  We all want justice and truth so bad, so we pay attention.  And then it leaves us feeling bad.  I am convinced that all politicians and lawyers or anybody that speaks for a living, is a bullshitter.  I am tired of all the propaganda.  No matter who wins presidency, the banks win.  The thing about Obama that scares me, is that he has signed more executive orders than even Bush against us as his own citizens.  But don't Bush and Obama have a lot of American blood on their hands?

-- Modified on 10/25/2012 6:15:36 AM

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