Citizen's Arrests of Capitalist Pigs and CEO's Who Roam Free

[editec]

What happens next time the bottom falls out, and there's no public support for another bail-out?
Cyprus?

There was NO PUBLIC SUPPORT FOR THE LAST THREE BAILOUTS!!!

 

[Starlight]

[

And now it's being proposed that banks relax their rules again, Ernie, so more people can buy homes again. First the banks are threatened, if they don't give loans to those unable to afford them, and then they are sued by the government for relaxing the rules the banks were told to establish in the first place. Now the Obama administration wants the banks to lower their loan standards again.

Insanity....doing the same thing over and over expecting different results.

But again- no one forced the banks to make loans to people who couldn't pay them off.

If they had a bad credit score, they could refuse them a loan.

Instead, they just gave them loans with ridiculous terms, knowing they could foreclose, sell the property to the next sucker.

And it was all so fine with the banks, UNTIL the bottom fell out of the property market, and all those $200,000 McMansions they sold to middle class folks who just lost their jobs were only worth $100,000.

Democrat Mayor Bloomberg doesn't agree with you, Joe....a quote from him in 2011

"In fall 2011, Michael Bloomberg,
the mayor of New York, stated that
It was not the banks that created the mortgage crisis. It was, plain and
simple, Congress who forced everybody to go and give mortgages to people who
were on the cusp.

They were the ones who pushed Fannie and Freddie to make a bunch
of loans that were imprudent, if you will. They were the ones that pushed the
banks to loan to everybody. And now we want to go vilify the banks because it's
one target, it's easy to blame them and congress certainly isn't going to blame
themselves. - Paybarah, 2011"


In 1995 Clinton loosened housing rules by rewriting the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods. Pres. Bush pushed (17 times) for tighter controls over Fannie Mae and Freddie Mac but was stopped by Congress.

 

[georgephillip]

What happens next time the bottom falls out, and there's no public support for another bail-out?
Cyprus?

There was NO PUBLIC SUPPORT FOR THE LAST THREE BAILOUTS!!!

Maybe I should have typed "taxpayer supplied bailout"?
Wall Street survived and even prospered in 2008 because the Fed had the ability to produce virtually unlimited "bailout" funds via its digital printing press. That's allowed finance capitalism to increase its power in spite of increasingly resistant populations. "Those is the US who remain in the Democrat / Republican divide are blind to where real power lies. Events in Cyprus provide a glimpse for those who care to see."

Wall Street?s Role in the Crisis in Cyprus » Counterpunch: Tells the Facts, Names the Names

 

[Frontier]

The bailouts will always continue regardless of which administration the country is under. Hey, when countries around the world are still lured into our currency trap, then the bailouts will proceed as usual. Our federal government would furlough their own employers rather than not paying the banks and the result of that is ordinary citizens suffering.

However our anger is great, we are still living under the rule of law (which ironically serves the rich anyways). This ain't no banana republic!

 

[georgephillip]

The bailouts will always continue regardless of which administration the country is under. Hey, when countries around the world are still lured into our currency trap, then the bailouts will proceed as usual. Our federal government would furlough their own employers rather than not paying the banks and the result of that is ordinary citizens suffering.

However our anger is great, we are still living under the rule of law (which ironically serves the rich anyways). This ain't no banana republic!

The private creation of money at interest does seem like one root of our problem.
How do you think things would change if the US dollar loses its reserve currency status?

 

[IlarMeilyr]

"Citizen's arrest."

Tee hee hee hee.

The lolberals here and the brain-dead doinks like Dainty don't even know what it actually means.

 

[Frontier]

The bailouts will always continue regardless of which administration the country is under. Hey, when countries around the world are still lured into our currency trap, then the bailouts will proceed as usual. Our federal government would furlough their own employers rather than not paying the banks and the result of that is ordinary citizens suffering.

However our anger is great, we are still living under the rule of law (which ironically serves the rich anyways). This ain't no banana republic!

The private creation of money at interest does seem like one root of our problem.
How do you think things would change if the US dollar loses its reserve currency status?

We would not witness the true decline of US external currency before OPEC countries change their preferred currency for petroleum. Both Iran and Venezuela are insisting a shift toward euro, but without the support of the other countries the dollar will not lose its share in the world currency reserve. In the next decades, China is trying to set their focal point for exporting to domestic markets and Asia rather than being dependent on America and Europe. It still remains as to whether that would be set into motion and fully achievable. Whatever they are trying to do, it seems like they want to seek other places than US and Europe to meet their export demands. In conclusive, this will somewhat hurt US economy combined with the rapidly decline of US.

What kind of implications would the American society face? Trade wars and major economic crises that entail riots, dissolution of the government because of insufficient funds to support the public sector, and martial law would be set into motion. Not really, but the US will certainly lose its position to be a superpower. I think, if they ever go so far, the government would nationalize the Federal Reserve first.

We can’t keep borrowing money from the banks and let the banks print as much as they want. This creates a wrong understanding of our economy to the American people.

 

[Oldguy]

"Citizen's arrest."

Tee hee hee hee.

The lolberals here and the brain-dead doinks like Dainty don't even know what it actually means.

I was riding in the back of a cop car one time, on my way to the station, when the cop made a left turn without signaling and ran a stop sign. I said, "I'm gonna make a citizens arrest on you," to which he merely grunted.

So, I asked if citizens arrests were legal in Texas. He said, "Yes...if you think you're big enough to get him to the station."

 

[Toddsterpatriot]

The bailouts will always continue regardless of which administration the country is under. Hey, when countries around the world are still lured into our currency trap, then the bailouts will proceed as usual. Our federal government would furlough their own employers rather than not paying the banks and the result of that is ordinary citizens suffering.

However our anger is great, we are still living under the rule of law (which ironically serves the rich anyways). This ain't no banana republic!

The private creation of money at interest does seem like one root of our problem.
How do you think things would change if the US dollar loses its reserve currency status?

The private creation of money at interest does seem like one root of our problem.

Give me a break. When you borrow, the money supply increases.
At interest? LOL!
You should be able to borrow at no interest?
That's funny.

 

[Toddsterpatriot]

The bailouts will always continue regardless of which administration the country is under. Hey, when countries around the world are still lured into our currency trap, then the bailouts will proceed as usual. Our federal government would furlough their own employers rather than not paying the banks and the result of that is ordinary citizens suffering.

However our anger is great, we are still living under the rule of law (which ironically serves the rich anyways). This ain't no banana republic!

The private creation of money at interest does seem like one root of our problem.
How do you think things would change if the US dollar loses its reserve currency status?

We would not witness the true decline of US external currency before OPEC countries change their preferred currency for petroleum. Both Iran and Venezuela are insisting a shift toward euro, but without the support of the other countries the dollar will not lose its share in the world currency reserve. In the next decades, China is trying to set their focal point for exporting to domestic markets and Asia rather than being dependent on America and Europe. It still remains as to whether that would be set into motion and fully achievable. Whatever they are trying to do, it seems like they want to seek other places than US and Europe to meet their export demands. In conclusive, this will somewhat hurt US economy combined with the rapidly decline of US.

What kind of implications would the American society face? Trade wars and major economic crises that entail riots, dissolution of the government because of insufficient funds to support the public sector, and martial law would be set into motion. Not really, but the US will certainly lose its position to be a superpower. I think, if they ever go so far, the government would nationalize the Federal Reserve first.

We can’t keep borrowing money from the banks and let the banks print as much as they want. This creates a wrong understanding of our economy to the American people.

I think, if they ever go so far, the government would nationalize the Federal Reserve first.

As long as they don't nationalize the FBI.

The government owns the Fed, why do they need to nationalize it?

 

[georgephillip]

The bailouts will always continue regardless of which administration the country is under. Hey, when countries around the world are still lured into our currency trap, then the bailouts will proceed as usual. Our federal government would furlough their own employers rather than not paying the banks and the result of that is ordinary citizens suffering.

However our anger is great, we are still living under the rule of law (which ironically serves the rich anyways). This ain't no banana republic!

The private creation of money at interest does seem like one root of our problem.
How do you think things would change if the US dollar loses its reserve currency status?

The private creation of money at interest does seem like one root of our problem.

Give me a break. When you borrow, the money supply increases.
At interest? LOL!
You should be able to borrow at no interest?
That's funny.

So who gave private bankers the entitlement to create money out of thin air, you or Paulson?

 

[Oldguy]

The private creation of money at interest does seem like one root of our problem.
How do you think things would change if the US dollar loses its reserve currency status?

The private creation of money at interest does seem like one root of our problem.

Give me a break. When you borrow, the money supply increases.
At interest? LOL!
You should be able to borrow at no interest?
That's funny.

So who gave private bankers the entitlement to create money out of thin air, you or Paulson?

Paulson has nothing to do with that. What do you know about how banks create money (as opposed to currency) and a fiat money supply?

 

[georgephillip]

The private creation of money at interest does seem like one root of our problem.

Give me a break. When you borrow, the money supply increases.
At interest? LOL!
You should be able to borrow at no interest?
That's funny.

So who gave private bankers the entitlement to create money out of thin air, you or Paulson?

Paulson has nothing to do with that. What do you know about how banks create money (as opposed to currency) and a fiat money supply?

It's my understanding the US has a debt supply as opposed to a money supply since leading US banks passed the Federal Reserve Act through congress in 1913.

 

[Toro]

The reason the banks issued these mortgages is that they figured it was a no-lose deal.

No they didn't. At least most of them didn't.

If they foreclosed on Johnny Foodstamp, the house was worth more than the mortgage, and they'd more than get their money back by reselling it.

Banks don't like foreclosing on properties because they are in the lending business, not the real estate management and brokerage business.

Then they took that mortgage and sold it as an "investment", overstating its value.

This is totally wrong because it is physically impossible. If the bank forecloses on a property, the mortgage no longer exists so it can't be sold.

That was the criminal part of what was done.

lol

If you live in Fairy-Tale Land, maybe.

It certainly would be a crime if a bank sold a mortgage that no longer existed on a home it foreclosed. But since you're making shit up, it's not a crime banks actually committed.

I mean, unless you can prove me wrong by backing up your statement with a link. But I'm not holding my breath.

 

[georgephillip]

How would you explain the distinction between money and currency, is it accurate to say money is imaginary?

 

[Toddsterpatriot]

The bailouts will always continue regardless of which administration the country is under. Hey, when countries around the world are still lured into our currency trap, then the bailouts will proceed as usual. Our federal government would furlough their own employers rather than not paying the banks and the result of that is ordinary citizens suffering.

However our anger is great, we are still living under the rule of law (which ironically serves the rich anyways). This ain't no banana republic!

The private creation of money at interest does seem like one root of our problem.
How do you think things would change if the US dollar loses its reserve currency status?

We would not witness the true decline of US external currency before OPEC countries change their preferred currency for petroleum. Both Iran and Venezuela are insisting a shift toward euro, but without the support of the other countries the dollar will not lose its share in the world currency reserve. In the next decades, China is trying to set their focal point for exporting to domestic markets and Asia rather than being dependent on America and Europe. It still remains as to whether that would be set into motion and fully achievable. Whatever they are trying to do, it seems like they want to seek other places than US and Europe to meet their export demands. In conclusive, this will somewhat hurt US economy combined with the rapidly decline of US.

What kind of implications would the American society face? Trade wars and major economic crises that entail riots, dissolution of the government because of insufficient funds to support the public sector, and martial law would be set into motion. Not really, but the US will certainly lose its position to be a superpower. I think, if they ever go so far, the government would nationalize the Federal Reserve first.

We can’t keep borrowing money from the banks and let the banks print as much as they want. This creates a wrong understanding of our economy to the American people.

We can’t keep borrowing money from the banks and let the banks print as much as they want.

The only banks that can "print money" are central banks.
The rest can only loan out deposits.

 

[Toddsterpatriot]

The private creation of money at interest does seem like one root of our problem.
How do you think things would change if the US dollar loses its reserve currency status?

The private creation of money at interest does seem like one root of our problem.

Give me a break. When you borrow, the money supply increases.
At interest? LOL!
You should be able to borrow at no interest?
That's funny.

So who gave private bankers the entitlement to create money out of thin air, you or Paulson?

Who gave the bankers the "entitlement" to loan a portion of customer deposits?
You're joking, right?

 

[Toddsterpatriot]

So who gave private bankers the entitlement to create money out of thin air, you or Paulson?

Paulson has nothing to do with that. What do you know about how banks create money (as opposed to currency) and a fiat money supply?

It's my understanding the US has a debt supply as opposed to a money supply since leading US banks passed the Federal Reserve Act through congress in 1913.

A debt supply?
Is the $20 in my wallet debt or money?

 

[tjvh]

Citizen's Arrests of Capitalist Pigs and CEO's Who Roam Free

Why are so many of these Big Wigs allowed to roam free while most agree that what they did was illegal, regardless of the deals they made with government attorneys and regulators to pay fines and admit no wrong doing?

Even a private citizen can?t arrest a bank CEO - MarketWatch

Even a private citizen can’t arrest a bank CEO
Commentary: Activists try to put the cuffs on Wells Fargo chief
April 26, 2013 | Al Lewis

“Too-big-to-jail is an outrage,” Willis told me in a telephone interview after the attempt.

Willis had just interrupted the annual shareholders meeting of Wells Fargo (US:WFC) in Salt Lake City where he told CEO John Stumpf that he was under citizen’s arrest

...

“The only thing John Stumpf has is a lot of money,” Willis said. “Otherwise, he’s just a person like any of us. If we did what he did ... we would all be locked up.”

Last month, U.S. Attorney Eric Holder went before the Senate Judiciary Committee and confirmed what activists like Willis have been saying.

“I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy,” he said “And I think that is a function of the fact that some of these institutions have become too large.”

Since that remark, activist groups have been flooding Washington with petition signatures demanding justice. A petition by MoveOn.org demands “immediate steps to break up the big banks and prosecute the criminals who used them to destroy our economy.”

So you are basically asking your fellow liberals to act like George Zimmerman.

 

[JoeB131]

[

And now it's being proposed that banks relax their rules again, Ernie, so more people can buy homes again. First the banks are threatened, if they don't give loans to those unable to afford them, and then they are sued by the government for relaxing the rules the banks were told to establish in the first place. Now the Obama administration wants the banks to lower their loan standards again.

Insanity....doing the same thing over and over expecting different results.

But again- no one forced the banks to make loans to people who couldn't pay them off.

If they had a bad credit score, they could refuse them a loan.

Instead, they just gave them loans with ridiculous terms, knowing they could foreclose, sell the property to the next sucker.

And it was all so fine with the banks, UNTIL the bottom fell out of the property market, and all those $200,000 McMansions they sold to middle class folks who just lost their jobs were only worth $100,000.

Democrat Mayor Bloomberg doesn't agree with you, Joe....a quote from him in 2011

Bloomberg isn't a Democrat.

And of course, since his company was cashing in with all the rest of them, of course he thought it was wonderful.