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| Wait? Banksters ARRESTED? in forum [Market-Ticker]
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Wearedoomed
Posts: 3585
Incept: 2009-01-14
slightly red state
Online
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And you, my father, there on the sad height,
Curse, bless me now with your fierce tears, I pray.
Do not go gentle into that good night.
Rage, rage against the dying of the light.
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Atlasrocked
Posts: 365
Incept: 2009-03-23
Online
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From what I've seen governments do so far, when they start arresting bankers, it will probably be the ones "making trouble" for the policy makers, not the ones we citizens want to see in jail.
Carbon credit arrests? That's not the guys I want booked.
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Amgrace
Posts: 2068
Incept: 2008-02-15
New Castle, PA 16101
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Thanks Karl! I just passed the link along to some friends with the subject line: Early Christmas Present?
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American politics as a system has ceased to function, because the system has gone from representing people to representing money. And that is something that can only go well as long as the people have at least some of that money. - Automatic Earth 3/17/2010
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Crzymorse
Posts: 1195
Incept: 2010-06-25
Maryland
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Carbon credits. The intersection of green idealogy and financial greed coming together to further ripoff the working class.
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Grumpy_bear
Posts: 606
Incept: 2008-02-26
More SRS please Mistress!
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Quote:which the bank can (and does) then pass onto customers and shareholders, neither of which did anything wrong. Being customers and shareholders of these big banks is doing something wrong.
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Denninger, Karl. Leverage: how cheap money will destroy the world. Hoboken: John Wiley & Sons, Inc., 2012. p. 126, par. 3.
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Bagbalm
Posts: 4262
Incept: 2009-03-19
Just North of Detroit
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This is probably a threat to extract fines so big they need the scare of jail to extract them.
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Ladyliberty
Posts: 100
Incept: 2012-05-08
Wisconsin
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This report says it all Report: Cronyism, political donations likely behind Obama, Holder failure to charge any bankers after 2008 financial meltdown http://dailycaller.com/2012/08/07/report.... Another big bail out for the banks on the way? The banks are facing a bunch of new lawsuits and Obama wants to get rid of DeMarco because he actually made them pay some. His making home affordable really only helped the banks with more taxpayer dollars since most of the people who got that still defaulted anyway now he is pushing for more. Obama administration launches housing PSA http://www.politico.com/politico44/2012/.... Donovan: Taxpayer bailout option still in play for FHA http://bankcreditnews.com/news/donovan-t.... Mortgage Crisis Presents a New Reckoning to Banks http://www.nytimes.com/2012/12/10/busine.... Insight: Fannie Mae, Freddie Mac clamping down on banks http://www.reuters.com/article/2012/08/1.... Is Obama Getting Rid of the FHFA’s Ed DeMarco to Bail Out the Banks? http://www.nakedcapitalism.com/2012/12/i.... Time to Kill HAMP President Obama’s beloved foreclosure-prevention scheme, the Home Affordable Modification Program (HAMP), was a fraud from Day One: It is designed to do nothing but camouflage the effects of the housing meltdown. It is based on bribery — paying the banks to modify (or pretend to consider modifying) mortgages that they really had no business or interest in modifying. http://www.nationalreview.com/articles/2.... Unlimited credit for GSEs seen as backdoor bailouts snip And Darrell Issa, the top Republican on the House Oversight and Government Reform Committee, called it "a continuation of the bailout policies that have mortgaged away the future solvency of our country." http://www.reuters.com/article/2010/01/0.... Obama's Budget Has One Small, Missing Piece.... For $6.3 Trillion Dollars http://www.zerohedge.com/article/obamas-.... Corporate Crime, Russia, Peter Orszag and Getting Away with Murder http://corporatecrimereporter.com/morgen.... Barack’s Wall Street Problem is Now America’s http://www.noquarterusa.net/blog/4939/ba.... |
Noodleman
Posts: 2393
Incept: 2008-11-01
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Germans applying justice, eh?
I don't expect this expect this to become contagious or to spread across the ocean.
Probably malcontents who bitched about the Greek bailouts.
Money laundering afterall is the latest and greatest way to beat quarterly earnings without a bailout.
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"Ammunition beats persuasion when you are looking for freedom." Will Rogers, 4 Nov 1879 - 15 Aug 1935
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4geez
Posts: 101
Incept: 2010-02-10
Florida
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+1 Bagbalm
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Oldpool
Posts: 875
Incept: 2010-06-23
LI NY
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My cousin recently moved to Germany, he loves it there. Sold all his California holdings.
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Liberty, Comrade!
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Xorbe
Posts: 161
Incept: 2009-06-23
Bay Area, CA
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What Atlasrocked said, tax evasion. Stealing taxpayer money is okay. Stealing money already earmarked for the gov't is not.
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Noodleman
Posts: 2393
Incept: 2008-11-01
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Perhaps once Obama signs the executive order paving the way for 'comprehensive immigration reform',aka amnesty, in 2013 the banksters can finally invite the cartel drug lords from south from the border and appoint them to their respective Board of Directors. If they are an intrical part of the corporate profit machine they certainly deserve due recognition/sarc.
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"Ammunition beats persuasion when you are looking for freedom." Will Rogers, 4 Nov 1879 - 15 Aug 1935
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Steelhead23
Posts: 2043
Incept: 2008-09-09
Portland OR
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Wearedoomed - Perfect Dude, just perfect. However, the scene is not Deutsche Bank in Germany, it is HSBC in the U.S. One might infer that money, big money, has more control here in the U.S. than it does in Germany.
Karl, let's follow this story. You know they likely have threatened the end of the world, Mayan calendar and all that.
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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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Agau
Posts: 4941
Incept: 2010-06-04
Online
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Can we send Corzine to Germany?
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Obseedian
Posts: 11872
Incept: 2007-07-26
BBRY Central
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Looks like the govt only got upset about the fact they weren't getting their cut.
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Ladyliberty
Posts: 100
Incept: 2012-05-08
Wisconsin
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Agau I wish but he's protected by obama Why Can't Obama Bring Wall Street to Justice? Obama came into office vowing to end business as usual, and, in the gray post-crash dawn of 2009, nowhere did a reckoning with justice seem more due than in the financial sector. The public was shaken, and angry, and Wall Street seemed oblivious to its own culpability, defending extravagant pay bonuses even while accepting a taxpayer bailout. Obama channeled this anger, and employed its rhetoric, blaming the worldwide economic collapse on "the reckless speculation of bankers." Two months into his presidency, Obama summoned the titans of finance to the White House, where he told them, "My administration is the only thing between you and the pitchforks." The bankers may have found the president's tone unsettling. Candidate Obama had been their guy, accepting vast amounts of Wall Street campaign money for his victories over Hillary Clinton and John McCain (Goldman Sachs executives ponied up $1 million, more than any other private source of funding in 2008). Obama far outraised his Republican rival, John McCain, on Wall Street--around $16 million to $9 million. As it turned out, Obama apparently actually meant what he said at that White House meeting--his administration effectively would stand between Big Finance and anything like a severe accounting. http://www.thedailybeast.com/newsweek/20.... |
Phxkevin
Posts: 353
Incept: 2010-06-25
Phoenix Arizona
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What is $1 million in donations for a presidential campaign? Something like 1%?
I agree that politicians are bought, and want to point out that they are cheaply bought.
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Congress persons are all the same, republican or democrat, conservative or liberal. They talk a good game, but the results (or lack thereof) show something different.
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