Financial innovations are awesome.
1 posted on
05/05/2011 7:44:05 AM PDT by
Chunga85
To: Chunga85
When TARP was first being discussed, I called my then Congress Critter and said the only way that the tax payers should be "purchasing troubled assets" was if the history of those assets were fully investigated and any instances of fraud or misrepresentation were fully prosecuted.
During the S&L crisis, hundreds of people were charged with crimes for their fraudulent practices. So far in this "financial meltdown," I'm not aware of any criminal referrals for any fraud or theft. The banksters just collected the taxpayer money and went on with their business.
2 posted on
05/05/2011 7:51:43 AM PDT by
cc2k
( If having an "R" makes you conservative, does walking into a barn make you a horse's (_*_)?)
To: Chunga85
Looks like they are about to get swept-up in a Populist wave that may result in televised public floggings live from Yankee Stadium.
To: Chunga85
****a $1 billion-plus government civil suit****
And how much did they get in the bailout?
To: Chunga85
Yep, the scumbag bankers should be in jail right next to the scumbag deadbeat borrowers.
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