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GOLDMAN SACHS settles mortgage FRAUD case for $5 billion
http://www.washingtonexaminer.com ^ | 4/11/2016 | Joseph Lawler

Posted on 04/11/2016 3:19:59 PM PDT by dragnet2

The special inspector general for the TARP bailout, said that "Goldman took $10 billion in TARP bailout funds knowing that it had fraudulently misrepresented to investors the quality of residential mortgages bundled into mortgage-backed securities.

(Excerpt) Read more at washingtonexaminer.com ...


TOPICS: News/Current Events; US: Texas
KEYWORDS: 2016election; bailout; election2016; goldmansachs; mortgagefraud; mortgagesettlement; tarp; tedcruz; texas
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To: dragnet2
"Btw, you can always spot fraudulent smile, like this one right here. "


21 posted on 04/11/2016 3:58:10 PM PDT by TexasGator
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To: TexasGator

Chap 11 is a reorganization.


22 posted on 04/11/2016 4:02:18 PM PDT by Mouton (The insurrection laws maintain the status quo now.)
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To: dragnet2

Can they counter sue the Goverment for forcing banks to make bad loans and creating a government entity (Fannie Mae) to buy all the bad loans?


23 posted on 04/11/2016 4:20:11 PM PDT by Jan_Sobieski (Sanctification)
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To: dragnet2

Stupid article for low information people. The Goverment CRA Act is the root cause of the financial meltdown...


24 posted on 04/11/2016 4:24:21 PM PDT by Jan_Sobieski (Sanctification)
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To: dragnet2
My opinion is that the politicians forced the lending institutions into issuing mortgages to less then credit worthy individuals. The mortgage companies package and sell their mortgages in order to have capital to start the cycle over. The problem the politicians created a mortgage which a normal investor would not want to buy since it was sub-par. So a plan was developed to move these sub-par mortgages. The only problem is that the sub-par mortgages were backed with the full faith and credit of the US Government.

So the tax payer just keeps on paying for the politicians' effort to buy votes!

25 posted on 04/11/2016 4:31:48 PM PDT by Lockbox
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To: TexasGator

Do you have the source for the image?


26 posted on 04/11/2016 4:31:49 PM PDT by huldah1776 ( Vote Pro-life! Allow God to bless America before He avenges the death of the innocent.)
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To: Lockbox

“”My opinion is that the politicians forced the lending institutions into issuing mortgages to less then credit worthy individuals””

https://www.youtube.com/watch?v=GkAtUq0OJ68

Listen to the Bush speech above where he is demanding home loans for totally unqualified minorities. This Bush speech was just a couple years prior to the housing collapse.


27 posted on 04/11/2016 5:26:56 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: TexasGator

Yet another Texan?

https://www.youtube.com/watch?v=GkAtUq0OJ68

Listen to the Bush speech above where he is demanding home loans for totally unqualified minorities. This Bush speech was just a couple years prior to the housing collapse.


28 posted on 04/11/2016 5:28:22 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: Jan_Sobieski

Community Reinvestment Act is to blame?

https://www.youtube.com/watch?v=GkAtUq0OJ68

Listen to Republican Bush at a speech where he is demanding home loans for totally unqualified minorities. This Bush speech was just a couple years prior to the housing collapse.


29 posted on 04/11/2016 5:30:31 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: TexasGator

That’s not a smile Tex, try to stay focused.


30 posted on 04/11/2016 5:33:58 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: dragnet2
Listen to Republican Bush at a speech where he is demanding home loans for totally unqualified minorities. This Bush speech was just a couple years prior to the housing collapse.

Yes, very good. Bush is only parroting what the left (Bill Clinton, Chris Dodd, Bawney Fwank, etc.) was saying for years. Definitely bipartisan, though a few Conservatives sounded the alarm early...
31 posted on 04/12/2016 6:08:21 AM PDT by Jan_Sobieski (Sanctification)
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To: dragnet2
Yes, bipartisan approval of the CRA under Bill Clinton opened the floodgates of bad credit...

http://spectator.org/articles/42211/true-origins-financial-crisis
32 posted on 04/12/2016 6:11:12 AM PDT by Jan_Sobieski (Sanctification)
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To: dragnet2

“GOLDMAN SACHS settles mortgage FRAUD case for $5 billion” Ted Cruz seen amending his FEC filings AGAIN>.


33 posted on 04/12/2016 6:16:30 AM PDT by jmaroneps37 (Conservatism is truth. Liberalism is lies.)
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To: dragnet2

They should have hired Teddy instead of his wife.

The Best Lawyer In The World would have gotten them off for a billion or less.


34 posted on 04/12/2016 6:19:49 AM PDT by Fresh Wind (Hey now baby, get into my big black car, I just want to show you what my politics are.)
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To: Fresh Wind

That’s it, Rafael Cruz is the best lawyer in world!

Just what we need, yet another lawyer instead of a leader.

No Trump, no vote.


35 posted on 04/12/2016 10:14:49 AM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: jmaroneps37

LOL!


36 posted on 04/12/2016 10:15:26 AM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: Jan_Sobieski

They’ve corrupted our system in every direction. The jig is up.

No Trump, no vote.


37 posted on 04/12/2016 10:17:54 AM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: drypowder
Horses are hung.
Horse thieves are hanged.
38 posted on 04/12/2016 10:21:49 AM PDT by meadsjn
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To: dragnet2
I will vote Trump or Cruz. The big commercial players had little culpability in this mess. When Government Statutes are passed by our feckless leaders, businesses must comply, or get in trouble. Heck, if I were running a mortgage firm and the government forced me to make loans by assuring me that Fannie and Freddie would take all the risk, compliance is only natural. Cruz's wife, was a low rank officer in the company with little power or influence.

That said, I do not like what transpired in Colorado with the delegate thing...
39 posted on 04/12/2016 12:35:39 PM PDT by Jan_Sobieski (Sanctification)
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To: Jan_Sobieski

Do what ya gotta do.

Cruz would have a better chance juggling flaming chain saws while unicycling, than getting my vote.

They’ve defecated on my country. And I no longer suffer from BVS, Battered Voter Syndrome, and I refuse any further abuse.


40 posted on 04/12/2016 12:50:57 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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