Posted on 06/19/2008 6:06:31 PM PDT by Rebelbase
Chris Dodd??
Just wait till O!bama starts to arrest Oil executives, returning soldiers, people who don’t agree with him, carbon criminals....
This smells of grandstanding by the Feds and really not addressing the real problem.
People chose to take risks and in this case some of them got caught in that risk.
Oh how I wish for some good ol’-fashioned leadership where somebody in charge, or somebody who wants to be in charge steps up to the plate and tell it like it is.
Most people caught up in this mess either lied on their applications or took risks they never should have.
Too bad there is no one in the GOP who stand up and say this kind of thing.
Are you kidding?
These greedy criminals and their companies loaned illegal aliens mortgage money for Gods sakes. They'd lend money to a corpse with interest, if they had a crack at any inheritance.
Their lending ethics and standards were no where to be seen.
I can only hope their bosses are next.
‘People chose to take risks and in this case some of them got caught in that risk.”
These aren’t the folks that bought more house then they could afford. These are the folks that set up $800k loans on $400k homes and then walked away.
Yeah, can you imagine these guys lending out 800k to someone with a 75k yr salary?
“Yeah, can you imagine these guys lending out 800k to someone with a 75k yr salary?”
And then they’d give them a second for the remainder of 125% of the 800k. Bankers are only slightly above drug dealers in ethics but they’re working on earning first place.
Are you kidding? Jamie Gorelick is on the short list to be Imperial Director of Income Redistribution in the Obama administration.
Jamie Gorelick? Isn’t she the Clinton scumbag who constructed the legal wall between the FBI and the CIA in order to protect Clinton from investigations into his illegal Chinese campaign connections and which helped the 9-11 terrorists murder 3,000 Americans? The Jamie Gorelick with the blood of 3,000 American citizens on her hands? THAT Jamie Gorelick?
Perhaps North Dakota Democrat Kent Conrad with preferential terms on a multiple mortgage deals from Countrywide Financial Group was indicted with the rest.
Perhaps Connecticut Democrat Senate Banking Committee Chairman Christopher J. Dodd with preferential terms on two mortgage loans from Countrywide Financial Group was indicted with the rest.
Dodd called Countrywide Financial Corp. business practices "abusive."
Obviously, his mortgage terms were not quite preferential enough!
It is not illegal to lend people money unless you are charging them interest at a statutorily usurious rate - which is not the issue here at all.
Why are lenders greedy but the people who took much more house than they could reasonably afford not greedy?
Sub-prime mortgages remind me of the pyramid schemes that pop up every now and then only they are worse as many didn’t even need to come up with cash to get in. What a ripoff by supposedly reputable institutions.
When Jamie Gorelick left her position as Vice-Chairman of the Federal National Mortgage Association (Fannie Mae) to devote more time to the bipartisan National Commission on Terrorist Attacks Upon the United States, more routinely known as the 9-11 commission, I was the first to protest. I knew the role she had played as President Clinton's Deputy Attorney, (warrant less searches ) General in shaping - some would say ''corrupting'' - the outcome of the TWA Flight 800 investigation.
On Aug. 22, 1996, five weeks after the plane's demise, Jim Kallstrom, who headed up the FBI investigation into TWA 800, was summoned to Washington to be served up a dose of survival reality. His boss, Louis Freeh, had little to do with the summons or the investigation. Nor did Freeh's boss, Attorney General Janet Reno. Although both were ineffectual, neither was entirely reliable....Continued
Gee! in scandal after scandal the same names keep coming up as not only part of the scandal but as part of the 'legal law enforcers'. Let's not die laughing or crying at that euphemism, we must remember our legacy. We must not let these American citizen imposters steal it from us.
The Democrats are entirely inbred. If you read even only one or two of the links that I have provided you will see that. And by inference, I am not saying that Republicans are not more than enough inbred themselves to not only raise alarms, but to persuade us to invent new political partys. If Bush had any honesty, upon taking office he would have realized and began proceedings against the clintons and most of their appointees. but he didn't and most of his problems resulted from theses Democrats who were left in positions from which they could harm Bush. We need to 'can' them all. 'Can', as in Garbage can.
This is government interference with private enterprise. The government is not charged with enforcing Ethics, only Laws.
Good thinking..Who needs ethics and standards! Screw that.
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