Political Forums  

Go Back   Political Forums > Economy
Reload this Page Derivative market explained.
Register FAQ Community Calendar Today's Posts Search

We appreciate your help

in keeping this site going.
Reply
Page 2 of 3 1 2 3
 
Thread Tools Display Modes
  #11  
Old 03-18-2010, 08:20 PM
Charles Charles is offline
Senior Member
  
Join Date: May 2009
Posts: 10,348
Quote:
Originally Posted by noonereal View Post
The recap does not explain how the the bank, the brokerage houses and their respective executives were "entitled" to this help that the others did not receive.
Cronyism. You missed it.

Chas
Reply With Quote
  #12  
Old 03-19-2010, 07:53 AM
noonereal noonereal is offline
Abby Normal
  
Join Date: May 2009
Posts: 11,245
Quote:
Originally Posted by Charles View Post
Cronyism. You missed it.

Chas
and the reason their actions is not being investigated by an independent prosecutor?

This would be a lay up.
Reply With Quote
  #13  
Old 03-19-2010, 09:24 AM
Charles Charles is offline
Senior Member
  
Join Date: May 2009
Posts: 10,348
Quote:
Originally Posted by noonereal View Post
and the reason their actions is not being investigated by an independent prosecutor?

This would be a lay up.
Cronyism.

Chas
Reply With Quote
  #14  
Old 03-19-2010, 01:01 PM
noonereal noonereal is offline
Abby Normal
  
Join Date: May 2009
Posts: 11,245
Quote:
Originally Posted by Charles View Post
Cronyism.

Chas
as so often the case, you are right
Reply With Quote
  #15  
Old 03-19-2010, 02:17 PM
Charles Charles is offline
Senior Member
  
Join Date: May 2009
Posts: 10,348
Quote:
Originally Posted by noonereal View Post
as so often the case, you are right
Only thing wrong with cronyism is we've got lousy cronies.

Chas
Reply With Quote
  #16  
Old 03-19-2010, 02:24 PM
noonereal noonereal is offline
Abby Normal
  
Join Date: May 2009
Posts: 11,245
Quote:
Originally Posted by Charles View Post
Only thing wrong with cronyism is we've got lousy cronies.

Chas


yeah I suppose you are right.
Reply With Quote
  #17  
Old 03-19-2010, 02:39 PM
piece-itpete's Avatar
piece-itpete piece-itpete is offline
Possibly admin. Maybe ;)
  
Join Date: Sep 2009
Location: Land of the burning river
Posts: 21,098
Excellent.

Noone, they're entitled because they're in charge!

Pete
__________________
“How many legs does a dog have if you call the tail a leg? Four. Calling a tail a leg doesn't make it a leg.”
Reply With Quote
  #18  
Old 03-19-2010, 03:18 PM
merrylander's Avatar
merrylander merrylander is offline
Resident octogenarian
  
Join Date: May 2009
Location: Maryland
Posts: 20,860
Thanks to Phil Gramm and Robert Rubin there was nothing for which to prosecute them, Glass Stegal being dead with what do you propose we charge them?
__________________
Great minds discuss ideas; Average minds discuss events; Small minds discuss people.
Eleanor Roosevelt
Reply With Quote
  #19  
Old 03-19-2010, 03:31 PM
noonereal noonereal is offline
Abby Normal
  
Join Date: May 2009
Posts: 11,245
Quote:
Originally Posted by merrylander View Post
Thanks to Phil Gramm and Robert Rubin there was nothing for which to prosecute them, Glass Stegal being dead with what do you propose we charge them?
Well I know it was common practice to submit fictitious and falsified documents
and it was common knowledge. It would be easy to strike a deal with the thousands of appraisers and mortgage brokers who did this to see how far up the ladder it went. My guess would be everyone was aware at all levels.
I do not know what laws apply when but no one is looking into it and I doubt all laws were followed.
I'd be shocked if some important bankers could not be convicted.
Reply With Quote
  #20  
Old 03-19-2010, 07:56 PM
Charles Charles is offline
Senior Member
  
Join Date: May 2009
Posts: 10,348
Quote:
Originally Posted by noonereal View Post
Well I know it was common practice to submit fictitious and falsified documents
and it was common knowledge. It would be easy to strike a deal with the thousands of appraisers and mortgage brokers who did this to see how far up the ladder it went. My guess would be everyone was aware at all levels.
I do not know what laws apply when but no one is looking into it and I doubt all laws were followed.
I'd be shocked if some important bankers could not be convicted.
Don't forget the politicians.

Chas
Reply With Quote
Reply
Page 2 of 3 1 2 3

« Previous Thread | Next Thread »

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 08:35 PM.

Contact Us - politicalchat.org - Archive - Top


Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
vBulletin Template by vBSkins.com