Image by KRISnFRED via FlickrHere is a blast from CY on the conspiracy take of the investment industry bailout.
Why at this time. The companies have been having problems for years. No transparency; who will get the money. This is free off the books money. Who will police them?
Brian Lehrer came on the radio and started talking about McCain drawing fire away from Henry Paulson. Spitzer was gotten rid of so that he could not stop the party. What happened to the enforcement. Now we have a blind govenor with the blind literally leading the blind.
Conspiracy Theorists (CT) know that there is no such thing as a coincidence. The emergency request for nearly 1 trillion dollars (history indicates the final cost will be well over 1 trillion) came from former Chairman and CEO of Goldman Sachs, Henry Paulson (http://www.ustreas.gov/organization/bios/paulson-e.html). In 2006 this guy was the ring leader of the risky investments and the poor decisions related to the sub-prime mortgage debacle.
Now, the story is they need help and we have to bail them out. Who is we and why do the public have to bail anyone out??? What about marketplace rules? How about private equity bailing these companies out instead of FREE MONEY FROM POOR PEOPLE.
These guys screwed the uninformed by providing risky mortgages and now they want the public to pay up. Are they on CRACK? "Give me one trillion dollars by Friday". Or else what? JUST GO OUT OF BUSINESS LIKE THE GREEDY dumb ducks that you are.
All the CEO's need to be fired if the public becomes the primary shareholder. No more bonuses and no hefty salaries -plain and simple. Just like the rest of us.
Not only was passing faulty loans, fraud -let's remember that the victims of ARM's do not have the financial acumen of these "gentlemen". But then these guys sold the bad mortgages many times over -this act was also FRAUD, including at times I am sure mail fraud. Anyone who has a prospectus based on the mortgage securities may have a class action case.
These guys need to be in handcuffs.
Posted on behalf of the local CT. - CY
Why at this time. The companies have been having problems for years. No transparency; who will get the money. This is free off the books money. Who will police them?
Brian Lehrer came on the radio and started talking about McCain drawing fire away from Henry Paulson. Spitzer was gotten rid of so that he could not stop the party. What happened to the enforcement. Now we have a blind govenor with the blind literally leading the blind.
Conspiracy Theorists (CT) know that there is no such thing as a coincidence. The emergency request for nearly 1 trillion dollars (history indicates the final cost will be well over 1 trillion) came from former Chairman and CEO of Goldman Sachs, Henry Paulson (http://www.ustreas.gov/organization/bios/paulson-e.html). In 2006 this guy was the ring leader of the risky investments and the poor decisions related to the sub-prime mortgage debacle.
Now, the story is they need help and we have to bail them out. Who is we and why do the public have to bail anyone out??? What about marketplace rules? How about private equity bailing these companies out instead of FREE MONEY FROM POOR PEOPLE.
These guys screwed the uninformed by providing risky mortgages and now they want the public to pay up. Are they on CRACK? "Give me one trillion dollars by Friday". Or else what? JUST GO OUT OF BUSINESS LIKE THE GREEDY dumb ducks that you are.
All the CEO's need to be fired if the public becomes the primary shareholder. No more bonuses and no hefty salaries -plain and simple. Just like the rest of us.
Not only was passing faulty loans, fraud -let's remember that the victims of ARM's do not have the financial acumen of these "gentlemen". But then these guys sold the bad mortgages many times over -this act was also FRAUD, including at times I am sure mail fraud. Anyone who has a prospectus based on the mortgage securities may have a class action case.
These guys need to be in handcuffs.
Posted on behalf of the local CT. - CY
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