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| This Appears To Be Worthy of JAIL - RIGHT NOW in forum [Market-Ticker]
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Etz
Posts: 13890
Incept: 2007-06-26
LA
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Get your bumper stickers before they run out, 
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Legal chicanery and beneficent darkness are the banker's stoutest allies - F.Pecora.
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Darth
Posts: 2182
Incept: 2009-07-07
SWVA - US
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Holy ****! Why in the hell hasn't more people picked up on this? It isn't like this is super top secret or anything. It's public information!
The R's should be screaming about this from the rooftops(they are the only ones who will). Hopefully that will get this more out into the open.
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Thesev
Posts: 1376
Incept: 2007-10-30
Louisiana
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Pros-a-Que-shuns? Pros-a-Que-shuns?
Surely you jest sir.
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The reason the republic isn't working is that it's being run as a democracy.
It doesn't matter who you are, or who you Think you are, the Math is Going to Win.
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Frat
Posts: 1935
Incept: 2009-07-15
NKY
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"Nothing to see here, please move along."
**** ME. They're not even trying to hide it any longer. If this doesn't show the Republic is over, I'm not sure what DOES. Think it's time to inventory the ammo (again) and order some more .223 - it might not make a difference overall, but dammit it'd make ME feel better.
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We're ****ed. Where's Henry Bowman when you need him?
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Riverrat10k
Posts: 94
Incept: 2009-10-23
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Oh my God, Karl, I hope he goes to jail. I am in VA and despise Timmy as no other.
I hope no one holds their breath on Holder taking action, though. That guy is fully bought and paid for.
When he ran for Governor, he clearly stated, many times, that he would not raise taxes.
He broke his promise in the first week of his administration.
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A motion to adjourn and go fishing is always in order.
--me channeling Heinlein
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Widgeon
Posts: 13481
Incept: 2007-08-30
Region formerly known as the United States
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USSA
What Could be Better?
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Mrbill
Posts: 7846
Incept: 2008-10-19
North Carolina
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We need to find out what the real collateral is for these loans. BofA claims that the donor list is only a small part. They claim "future cash flow and history of repaying loans" as justification, according to the original article being quoted by KD.
So, a good credit score gets you a loan, even if you're the DNC.
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Mlshawaii
Posts: 1785
Incept: 2009-05-13
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Welcome to your banana republic, boys and girls.
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Jake3463
Posts: 769
Incept: 2010-03-06
Allentown
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So, which Bank is the RNC and RCCC getting a "line of credit" from is the next question.
You know bankers, they hedge their bets.
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Snowman
Posts: 1798
Incept: 2009-03-09
avoiding yellow snow
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Rumors are that BoA is securitizing the DNC loan. Some investors in Greece (the public pension fund) like the AAA rating on the super senior tranche. The junior tranche might be a tough sell (collateralized by the "supporters cash flow") but it's covered.
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Scoey
Posts: 13
Incept: 2010-06-10
Banned
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If history is any indication (it took "them" about 4 years to get around to Mozillo, after you started harping on his manipulative shannigans/cover-up on the Yahoo stock BB for CFC) I would expect that they will deal with this issue sometime in the year 2014 or 2015, if ever !
Just a guess.
You're ahead of the curve Karl, unless you can enlist enough followers to shorten the curve. More power to ya. And Yes I made some nice dough shorting CFC ...and a bunch of mortgage insurers, and a few US banks ..so a belated thanx !
Round two coming up?!
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Steelhead23
Posts: 2041
Incept: 2008-09-09
Portland OR
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Good one Snowman. Now can we get AIG to write some juicy CDSs on those DNC bonds?
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"Give me control of a nation's money and I care not who makes it's laws" —Mayer Amschel Bauer Rothschild Benjamin Bernanke
For-profit commercial banks are a menace and should be eradicated
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Lowbeyond
Posts: 16892
Incept: 2008-02-11
CO aka West NJ/East CA
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Government needs more power.
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Maybe it was a birdy bread-bomber from the future?!
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Icanhasbailout
Posts: 9939
Incept: 2009-03-10
Imaginationland
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Somewhere Richard Nixon is laughing right now. "Do it in broad daylight, why didn't I think of that?"
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Riverrat10k
Posts: 94
Incept: 2009-10-23
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snoman-Rumors are that BoA is securitizing the DNC loan. Some investors in Greece (the public pension fund) like the AAA rating on the super senior tranche. The junior tranche might be a tough sell (collateralized by the "supporters cash flow") but it's covered. 
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A motion to adjourn and go fishing is always in order.
--me channeling Heinlein
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Riverrat10k
Posts: 94
Incept: 2009-10-23
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Icahnsbailout close second!
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A motion to adjourn and go fishing is always in order.
--me channeling Heinlein
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Ozonehole
Posts: 104
Incept: 2009-04-04
Taiwan
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Is it really illegal? It seems to me that after the newly activist Supreme Court gave the green light to bribery in the Citizen's United decision, unlimited "campaign contributions" by corporations is considered "free speech." That's a decision that a number of people on this forum applauded.
Of course, bribery in exchange for mailing lists is a new variation on the theme. But hey, if corporations are free to bribe in exchange for favors, it scarcely matters whether the briber is rewarded by the bribee with mailing lists, bailouts, military contracts or the White House furniture.
Personally, I thought Citizen's United was an appalling decision. Corporations are not "persons" and bribery is not "free speech." But if you disagree, well, this particular scandal shouldn't bother you.
And you ain't seen nothing yet. This coming election will be the most corrupt yet. After November, maybe the CEO of Goldman-Sachs gets appointed as next Secretary of the Treasury (we've got a precedent for that, don't we?). Perhaps Angelo Mozilo will come out of retirement to be the next SEC chairman. Bernie Madoff might get pardoned to become attorney-general.
Almost nothing shocks me anymore. The USA is rapidly devolving into a banana republic.
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Wyocowboy
Posts: 7847
Incept: 2007-08-17
Wyoming's Rocky Mountains
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Actually Nixon now looks like an honest piker.
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An excuse is nothing more than an explanation of failure. Churchill
A government which robs Peter to pay Paul can always
depend on the support of Paul. George Bernard Shaw
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Medicdan
Posts: 8017
Incept: 2010-02-11
Scottsdale, AZ
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Quote:Because if they're not, then the loan could be ruled a DONATION to the DNC, and that, coming from the bank, would be black-letter illegal. That's a little bit of a stretch, don't you think?
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Genesis
Posts: 130717
Incept: 2007-06-26
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Actually, under long-standing law, it's not.
Citizens United did not permit unlimited donations. It permitted direct buys of advertising. There are VERY strict limits on how much you can actually give and how.
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Medicdan
Posts: 8017
Incept: 2010-02-11
Scottsdale, AZ
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I see. Interesting.
I would think that the value of the list would be very subjective. But if it was not authorized that in itself may invalidate any value. No?
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Genesis
Posts: 130717
Incept: 2007-06-26
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Well that's even worse.
A non-arms-length transaction is treated as a political gift. The law is black-letter on this.
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Themortgagedude
Posts: 8849
Incept: 2007-12-17
saint louis
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I wish this was fifteen years ago. My dad was personal friends with the FEC chairwoman. Would have been interesting for him to get her view point.
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I'm already visualizing you with duct tape over your mouth.
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Throxxofvron
Posts: 10324
Incept: 2009-02-17
Hyper-Speculative Psycho-Facsistic Parabolic Blow-Off
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I wouldn't be surprised if the FED was loaning the DNC money against Party Registration lists.
Snowman:
PM Me if You can Me if You can get Me some of those DNCBS.
I also wanna short the Tea Party, the Green Party, The Libertarian Party; and make some kind of insanely levered bet on the size of the June 2011 FED Balance Sheet.
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DIONYSUS: " Thou hast no knowledge of the life thou art leading; thy very existence is now a mystery to thee. " -from 'The Bacchantes' By Euripides “During times of universal deceit, telling the truth becomes a revolutionary act.” -George Orwell
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