The taxpayer saved Chrysler, who was then bought by Daimler of Germany. The Krauts drove it into the ground, moved most admin and manufacturing out of the US, and then dumped it. Can we expect the same sort of crap if we save these banks?
If we bail out Wall Street firms like we did Chrysler, does that mean they will become German banks?
Jun 102011
Secretary of the Treasurry Henry Paulson and his $ 700billion bailout of Wall Street Financial firms and reckless bankers is no less than a fraud perpetrated against the average Amrerican family. Predatory lenders and their predatory lending practices are continued to be fed by US use of credit cards, lines of credit and home loans [...]
Finish the sentence. This year, Congrss approved a plan to pay $ 700 billion to bailout mortgage companies that were loaning money that they didn’t have, thus _____________.
Is the ride over…or has it only just begun? Subprime mortgages loans haven’t peaked yet. CA has most of the jumbo mortgages. And to boot we have nothing to say about OPEC monopoly setting prices whereever they want. Was this intentional? Like financial terrorists? Even Wall Streeters say they “don’t know.”
If Greedy Wall Street, the creators of our current economic mess is the government bailout plan, it only makes sense for the Main Street / middle class taxpayers who will pay $ 700 000 000 000 also get a kind of rescue operation. After all, greedy Wall Street has made millions in every bad mortgage [...]
May 182011
Remember how we were with the greatest financial collapse since the Great Depression? Well, the president apparently believes that health care “reform” is more important than addressing the fundamental flaws in the U.S. financial system. This would explain why he has done almost nothing for 8 months, these problems anzugehen.Was you think? Obama does not [...]
Knowingly ripping off billions of dollars in commissions on bad mortgage loans and leaving the taxpayers to bail them out is genious. The congress will never ask for them to be prosecuted because they are bought and paid for by these felons.
Here is a quick look into 3 former Fannie Mae executives who have brought down Wall Street. Franklin Raines was a Chairman and Chief Executive Officer at Fannie Mae. Raines was forced to retire from his position with Fannie Mae when auditing discovered severe irregularities in Fannie Mae’s accounting activities. At the time of his [...]
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