Posted on 10/21/2014 7:01:47 PM PDT by Lorianne
Bttt
Bump
Shortly after the collapse I did some work on a mansion. The guy was some bigshot just hired by AIG. He was paying $10 million cash (which he let EVERYBODY know) for his lakefront property and building his new compound.
I’m usually not against successful people enjoying their wealth. Except in this case it was no doubt MY (Our) money being used by this arogant a**hole for his little empire.
I hope Paulsen gets what he deserves....a PRISON CELL.
Gwb did not fight this because the two candidates met with him and did not want to face what they had helped create. They wanted the outgoing guy to take the heat . He probably got each to sign an official pardon to be used later.
Their portfolio was not loaded with mortgages that were under water.
This was what Bush wanted. Bush would later say that if he had to do it over, he would do it the same way, because he didn't want unemployment to rise above 20% on his watch.
But it was up to Obama to actually utilize the TARP money.
The leftwing wanted Obama to implement reforms on Wall Street before he started buying the "troubled assets", saying that he had them over the barrel. Obama declined, saying that the quickest way to unfreeze the credit markets was to buy up the "toxic debt", which led to Occupy Wall Street.
Freepers and other rightwingers tend to focus on how much they dislike Obama and fail to recognize how much the leftwingers dislike Obama. Its not just that the left dislikes Obama's fiscal policy, foreign policy(Iraq, Afghanistan, Libya, drone killing), drilling policies(the Arctic, fracking California), etc. The left thinks Obama lied to them to get elected.
Well what about the Community Reinvestment act that Bubba forced the Banks to make all the crap mortgages to people who could not afford them? What about Fanny Mae,Freddie Mac,Jamie Gorelic and all the other bastards that made millions and went Scott free?
Fact is the GOVERNMENT CAUSED IT ALL
That’s an excellent question. You should email it to henrypaulson@thatshiphassailed.com
That may have been the case, right until they bought Golden West Financial in May 2006.
The only purchase worse than that was when Bank of America bought Countrywide.
True.
“I fear that Wall Street has bought Congress lock-stock-and-barrel and we will ALL lose our life savings when the markets crash.”
I believe that’s the plan. What the elites haven’t planned for is seeing themselves hanging from lampposts. When the money becomes worthless and their armed mercenaries are no longer paid, karma will come down on them like a ton of bricks.
Exactly. They were all in on it.
Let us not forget who voted for TARP (and who didn’t).
All this information is available ... yet we keep voting TARP voters back into office.
Wrong about Wachovia. Listen to this (or read the book)
The Lost Bank: The Story of Washington Mutual-The Biggest Bank Failure in American History by Kirsten Grind
http://johnbatchelorshow.com/podcasts/2014/10/12/author
Oops sorry, I got Wachovia mixed up with WaMu ... still a good listen though.
LOL - Paulson’s a democrat. We’ll be lucky if we can hear crickets...
I thought he was a Republican.
My bad. If you’re right - it’ll be a big story. Just give it time.
We need to focus on the “moral hazard” of keeping people in Congress who voted for such and outrage (as well as those who said they would have, such as Romney).
If we had kept up the momentum from 2010 of ousting TARP voters from Congress we’d be getting to the very cause of this festering wound.
They simply have to be gone. No matter what. Any person in Congress of either party who voted for TARP. That is the only way to put a stop to this .... otherwise we will have more and more bailouts
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.