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HomeOff Topics News & Politics › Obama pushing for Big Banks giving Big Bonuses to Pay Back the last 117 Billion!
01-15-2010 11:43 PM  8 years agoPost 41
tommytt1

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Mercerville, NJ, USA

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dilberteinstein
[quote]Ancient lending rules and sound banking practices were changed in order to fill an agenda allowing people to "finance more than they could afford."

Its simple you lend money to people who will pay it back, ie a job, collatoral, debt to income ratio, etc. etc.

You don't write a loan in favor of the commission and no thought of the conseqences. I don't think the previous has changed, has it? The Bank people ruined a good thing for themselves and nobody else. Tom

I made a mistake once, but I was wrong?

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01-15-2010 11:51 PM  8 years agoPost 42
dilberteinstein

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texas - USA

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I'll quote myself:
Ancient lending rules and sound banking practices were changed in order to fill an agenda allowing people to "finance more than they could afford."
And yes the banks loaned the money knowing huge defaults would occur.
And yes the greedy bankers took the bonus money and ran.

That's exactly why we need honest, sound, government regulation of the banking industry.

If our government makes the regulations loose, the greedy bankers will do this again. Please see the YouTube I posted. The Democrats refused to take action when warned by the Bush administration.

90% of life is "showing up"

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01-16-2010 01:49 AM  8 years agoPost 43
Dennis (RIP)

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Oregon

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You don't write a loan in favor of the commission and no thought of the conseqences. I don't think the previous has changed, has it? The Bank people ruined a good thing for themselves and nobody else. Tom
The banks, particularly Fannie & Freddie were forced to give loans to people that could not afford them. They were forced by poor liberal policies.

Once again, yes there were and still remain outrageous bonuses paid to people that caused this problem. But, those bonuses could not possibly cause the economic mess because millions were paid to them in comparison to billions of bad loans.

Its to bad tommy that you have totally bought into the liberal ideology that puts the blame were it does not belong for the simple reason to save their own butts (the liberals). History will prove both you and them totally wrong on this matter. That is just a matter of time.

Besides the information has been posted here along with links to videos that prove my case. You can't fake those videos.

And, no I will not insult you as long as you don't get it started with me. I have turned over a new leaf on the insulting issue here on RR. Unless I change my mind.

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01-16-2010 03:19 PM  8 years agoPost 44
Dragon2115

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New England

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tommytt1:

I guess the legislation was passed so the scumbags and dirtballs in the banking industry could have there way with the American publics money(which is basically what happened). I don't think so. The banking industry in a greedy fashion continued on the same destructive path thinking it would never catch up to them. Well guess what, it did, and now we were left holding the bag of debt, which at this time is still not paid back.
Lets get a few things straight here.

Who signed the Community Reinvestment Act into law? Democrat Jimmy Carter. But the CRA in and of itself wasn't a problem. It was throttled back enough that the defaults wouldn't be high enough to cause a systemic problem so I won't lay fault here.

However...

Who loosened the lending restrictions in the CRA in 1995? Democrats Treasury Secretary Robert Rubin and President Bill Clinton who in a moment of candidness in 2008 admitted that "it wasn't such a good idea in hind sight".

Who was having an intimate relationship with the number two person in the division of Fannie Mae that was responsible for creating all these morgages where if you had a pulse you could get a morgage? Democrat Barney Frank. Frank was on the committee that regulated Freddy and Fannie so the truely maddening thing here is that if it had been anybody else there would have been charges of conflict of interest. But every time somebody started to say anything Frank would play the gay card and accuse people of being homophobes and they'd back off. (And btw, he's back at it again trying to get people morgages that shouldn't have them.)

Who was it that worked as a lawyer for ACORN suing banks to force them to give morgages to people that otherwise didn't qualify. Democrat Barack Obama.

As for the exotic investment vehicles. None of that would have really been a problem if they weren't based on morgage debt. If the morgage debt had been solid we wouldn't be in this mess. Plain and simple. On top of that when Congress started to take steps to rein them in guess who blocked it by adding a "poison pill" amendment to the bill which killed it before it reached the floor? Democrat Charles Schumer.

Who was it that screwed up and bailed out AIG while at the same time allowing them to pay out huge bonuses because they stepped in too soon which prevented them from canceling the contracts? Democrat Chris Dodd.

Sure, bankers are money grubbing weasels that will take whatever they can for as long as they can. But one thing they do is play within the law. The people above enabled them to legally do what they did so it's pretty hard to say that government didn't have a major hand in the meltdown.

The one thing I will give the Democrats credit for is that they managed to convince enough people that it was someone else's fault in order to win the election. And two trillion dollars later we're seeing how well that's going. So now they're pulling every trick in the book to win this election in MA. Plus they've already made plans to delay the swearing in of Scott Brown, if he wins, so they can pull off a vote on the health care bill thus thwarting the will of the people, which btw was the piteous cry from them during the last few election cycles when they lost. So, who were you saying were the hypocrits here?

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01-16-2010 07:54 PM  8 years agoPost 45
tommytt1

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Mercerville, NJ, USA

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Well I guess if you pass a law to give more people a chance to own a home, you really have to look at the business it applies to. And next time know they will do anything in there power to maximize the profit and not care about anything else even there own demise. Myself and the rest of the American taxpayer will bail them out. Remember this bailout plan came out of a Conservative Whitehouse.........The Bush Whitehouse!

I made a mistake once, but I was wrong?

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01-16-2010 08:35 PM  8 years agoPost 46
debogus

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Beauklahoma,peoples republic of mexifornia,USSA

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Well I guess if you pass a law to give more people a chance to own a home, you really have to look at the business it applies to. And next time know they will do anything in there power to maximize the profit and not care about anything else even there own demise.
Pretty much sums up the liberal party .
Then when it crashes down, Bidens famous line ....
None of us seen this comming.

No but plenty told you it was comming.

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01-16-2010 08:49 PM  8 years agoPost 47
tommytt1

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Mercerville, NJ, USA

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Yea, I guess all big business are scumbags. I didn't see that coming either.

I made a mistake once, but I was wrong?

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01-16-2010 09:06 PM  8 years agoPost 48
Dennis (RIP)

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Oregon

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Well Tommy. It's very obvious you did not look at any of the videos or check any of the information you were given. All the information YOU have given is simply your feelings. You have not provided any facts at all.

To bad. As already mentioned, history will prove you and the dems totally wrong.

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01-17-2010 12:42 AM  8 years agoPost 49
j5coat

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Phoenix

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yeah dennis you should really give up, i have been reading through this post and you guys have laid everything on the table but he still cant pick it up. Its really a very simple concept, let banks decide who they lend to, not government! Not everyone can afford or should have a house, its just that simple. Its the liberal dream of a utopian society that just doesnt work in real life. Good luck tommy hope you understand someday....

Trex 700, Trex 600n

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01-17-2010 12:45 AM  8 years agoPost 50
Dennis (RIP)

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Oregon

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i have been reading through this post and you guys have laid everything on the table but he still cant pick it up. Its really a very simple concept, let banks decide who they lend to, not government! Not everyone can afford or should have a house, its just that simple. Its the liberal dream of a utopian society that just doesnt work in real life. Good luck tommy hope you understand someday....

+1

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01-19-2010 01:04 AM  8 years agoPost 51
tommytt1

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Mercerville, NJ, USA

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What I've given is my opinion, and you yours. It doesn't matter what videos you paste to this thread, and tell me I don't get it. Not any reply to me has proven anything. You are simply telling me I am wrong and you are right, wow thats hard to do. All that has been posted is opinions. Oh +1 Dennis

J5coat, you haven't laid anything out on the table. Come on genious, enlighten me.

I made a mistake once, but I was wrong?

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01-19-2010 01:07 AM  8 years agoPost 52
tommytt1

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Mercerville, NJ, USA

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I almost forgot, there are more than a few banks that remained solvent. I guess they didn't take the governments advise, or maybe they should have.

I made a mistake once, but I was wrong?

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01-19-2010 01:23 AM  8 years agoPost 53
Dennis (RIP)

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Oregon

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j5coat
yeah dennis you should really give up
Ain't gonna happen
i have been reading through this post and you guys have laid everything on the table but he still cant pick it up. Its really a very simple concept, let banks decide who they lend to, not government! Not everyone can afford or should have a house, its just that simple. Its the liberal dream of a utopian society that just doesnt work in real life.
Well heck. Thats pretty much what we have been saying all along. Get the gov out of it.

You claim you read this entire post. But, maybe you got the people wrong. Read again.
Good luck tommy hope you understand someday....
I don't think he will. But, we can always hope.

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01-19-2010 03:01 AM  8 years agoPost 54
j5coat

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Phoenix

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J5coat, you haven't laid anything out on the table. Come on genious, enlighten me
Never said I did, i believe i said others had laid out the facts.
I almost forgot, there are more than a few banks that remained solvent. I guess they didn't take the governments advise, or maybe they should have
The government can't get out of its own way, look at the budget deficit lately? i dont think anyone should be taking their advice. Just because they control our tax dollars ( poorly at that ) and can print money to hand out doesnt mean they know jack about business or banks. remember they let this happen in the first place.

Trex 700, Trex 600n

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01-20-2010 02:12 AM  8 years agoPost 55
tommytt1

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Mercerville, NJ, USA

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Dennis this question isn't for you its for J5coat!

Who took the US off of the gold standard and why?

I made a mistake once, but I was wrong?

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01-20-2010 03:54 AM  8 years agoPost 56
fla heli boy

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cape coral, florida

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WTF does that have to do with what your butt buddy is doing to us now??? You friggin Libs just can NOT stop living in the, and blaming things on.....the past. Get the F over it and let's concentrate on the NOW. No, wait a minute, you are. Concentrating on ruining us NOW.
Hey Tommy boy, name one positive thing your man has done. Just one please.

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01-20-2010 12:12 PM  8 years agoPost 57
baby uh1

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St. James, Mo.

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He got Scott Brown elected!
Does that count?

Anything is possible if you don't know what you are talking about!

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01-20-2010 01:00 PM  8 years agoPost 58
fla heli boy

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cape coral, florida

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I'm going to count it...

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01-20-2010 02:13 PM  8 years agoPost 59
1stPlace

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Ohio USA

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1st Place, Bl@# Me. Come up with more insults in the discussion. D@#$%& Bag. Okay I feel better now. Hows it feel? I personally feel you can't see the forest through the trees. In other words you aren't very street wise. You listen to you political radio station and convey what you hear on RR. I could go to any I'm a great American radio show and hear the exact same thing. You too can go away Troll. Be Gone I'm Done with you now.
Wow... You know all that about me? LOL Because I told you you don't know what you are talking about? You don't have a clue.

Bwahahahahaaaa!

Diejenigen, die nicht lernen aus den Fehlern der Vergangenheit bestimmt sind, zu wiederholen.

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01-20-2010 11:17 PM  8 years agoPost 60
tommytt1

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Mercerville, NJ, USA

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My butt buddy, huh? I doubt if you were in front of me you would be referring to me as anyones butt buddy. Maybe we will meet one day and we can have a face to face discussion. You could have hurt my feelings if I had any left. Internet tough guy.

Now the president is my boy?

The question is for J5coat, I'm testing his knowledge of printing money.

First place, this is a discussion about the banks paying back the money they owe to the US government. ITS ALL OPINION. Some people have tact, and you don't. I guess you meet perfect strangers, and tell them they are so far from reality its scary. I doubt it. You are just another Douche Bag that doesn't have any balls in real life, but huge balls in this forum. I don't know you, but many like you.

I made a mistake once, but I was wrong?

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HomeOff Topics News & Politics › Obama pushing for Big Banks giving Big Bonuses to Pay Back the last 117 Billion!
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