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Femblogger commented on the diary post New York Times: The Banks Win, Again by DSWright.
This story cannot be repeated too many times. It just boggles my mind that for all we know of the fraud that went on during the housing bubble and the crash (e.g., The Inside Job documentary that won an academy award, Michael Short’s highly readable book The Big Short, and hard to read because it covers [...]
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Femblogger commented on the diary post Bloomberg Reveals Keystone Pipeline Helps Oil Producers Raise Prices by Scarecrow.
What an interesting article. It’s good to know the method behind their madness, though it’s still the same as it’s always been…profits…can’t have anyone paying lower prices that cut into profit.
In response to Econobuzz, I don’t think this affects Barry’s decision one bit; it explains it.
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Femblogger commented on the blog post “We Will Put People In Jail” – The Measuring Stick for Foreclosure Fraud
We want to see bankers and unethical investment managers go to jail because it would uphold the rule of law – they might be deterred from again giving greed free rein, and they might be deterred from seeing to it that regulations remain lax.
Nevertheless, Thank you for sharing your knowledge of the 1929 period.
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Femblogger commented on the blog post “We Will Put People In Jail” – The Measuring Stick for Foreclosure Fraud
Ah, thanks much for the roundup:
“Bottom line consensus seems to be that the structure of the settlement technically permits criminal prosecutions, but that the realities of politics and attorney general realities dictates that criminal prosecutions are effectively not gonna happen.”Major bummer…you’re probably right…back to the drawing board.
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Femblogger and
realitychecker are now friends
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Femblogger commented on the blog post “We Will Put People In Jail” – The Measuring Stick for Foreclosure Fraud
Hmmm. Schneiderman says deal does not release banks,incl Wall Street investment banks, from any criminal liability.
Also, DOJ task force has lots of money to staff legal aid across the country to help homeowners bring individual suit.
Still, hard to believe until we see it.
Now Schneiderman is urging the “populist” uprising – OWS – to support the President. “It doesn’t matter who you elect,” he said, a president needs a movement to help. Yeah, but a president still needs the moneyed elite to get elected and then is beholden to them, as Obama has shown us.
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Femblogger commented on the blog post “We Will Put People In Jail” – The Measuring Stick for Foreclosure Fraud
Maddow just said, emphatically, this deal is only “step one.” The DOJ task force is going to get the job done. Hmmm.
Ok, looks like her interview with Schneiderman is going to be a good public relations spot.
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Femblogger commented on the blog post “We Will Put People In Jail” – The Measuring Stick for Foreclosure Fraud
Speaking of Maddow,I have her show on and she just said she has Eric Schneiderman coming up for an interview. Let’s see what she does with him.
Totally agree, this deal really sucks. Didn’t we know something was up, though, when Obama appointed Schneiderman to DOJ task force.
Of course, this is only the housing market…there’s plenty of fraud to prosecute in the big investment banks..mortgage backed securities..and they’re going to get away with it too.
I, for one, was holding out hope that at least some of the crooks would be held accountable. Just plain sucks…they ruined the economy and we pay for it.
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Femblogger commented on the blog post Bank of America Sinking, May Pull Out of Geographic Regions
I’m pretty sure you’re right. I think the death wish for BofA is symbolic. It would be a substitute for the lack of due process against the subprime lenders who sought to make a quick buck.
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Femblogger commented on the blog post AGs Bolting Foreclosure Fraud Settlement, Holding Strategy Sessions
No way! Prosecute those bastards!
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Femblogger commented on the blog post Fed Notes from 2006 Show More Economic Incompetence
Right on! Thanks for the info!
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Femblogger commented on the blog post Fed Notes from 2006 Show More Economic Incompetence
The problem, as I see it, is Obama KEPT these guys. They most definitely are NOT stupid AND were warned of the dangerous bubble. See the link in Dayen’s post at Geithner doesn’t come off so hot. It’s to a Huffington Post story published yesterday about the release of these tapes.
Federal Reserve Governor Edward Gramlich warned The Fed board for several years leading up to 2006 about the dangers to the economy in the subprime housing market. Greenspan and others CHOSE not to heed the warnings. I recall the Time magazine cover story in late 2008 or early 2009 about the culprits to blame for the Great Recession. Greenspan was in the top 10.
So, my point is these bad guys CHOSE not to heed the warnings. Since we know they are not stupid, they were blinded by the Profit Motive. It is the only plausible explanation.
The thing is Obama kept the same people, CHOSE not to prosecute the perpretators of pervasive fraud of the subprime housing market, and now is blaming the idiotic Congress.
That’s a fine mess you’ve got us in, as the saying goes.
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Femblogger commented on the blog post New Hampshire Primary Live Blog – Update: Mitt Romney Wins
Yeah, seems more like GOP as a party is in disarray….and that’s due to Tea Party, which plays to Dem advantage. Too bad Obama is such a corporate Dem. If Obama wasn’t such a corporate Dem, he could have really done something with this. I mean Obama, for some time now, should have been on the offensive against the Tea Party/GOP rather than on the defensive.
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Femblogger commented on the blog post New Hampshire Primary Live Blog – Update: Mitt Romney Wins
Agree. Paul is Paul…Still, I think the media should be taking him more seriously.
You are right – he upsets the status quo. If the media took him more seriously, would that push the GOP candidates into, I don’t know, somewhere more crazy? Where could he push GOP candidates?
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Femblogger commented on the blog post New Hampshire Primary Live Blog – Update: Mitt Romney Wins
No way! Where did you hear that? I heard that Paul may consider a third party run…
Oh here comes Paul now on TV -
Femblogger commented on the blog post New Hampshire Primary Live Blog – Update: Mitt Romney Wins
Yes, and he said that too…something about Huntsman finishing strong 3rd, which would be 2nd without Paul. But Paul is real. He’ s a factor. Just annoys me. They should be talking about how Paul voters are impacting this contest.
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Femblogger commented on the blog post New Hampshire Primary Live Blog – Update: Mitt Romney Wins
I haven’t read comments…burning question – Why is Lawrence O’Donnel (MSNBC) going on & on about how Paul is not a candidate?
I’m not a Paul supporter, honest. It just annoys me that O’Donnell insists on making this point – he did it during Iowa coverage too. Why isn’t O’Donnell analyzing the results with Paul as a spoiler?
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Femblogger commented on the blog post Live Blog for #Occupy Movement: Year-End Edition
Wow..thanks for the updates carol. Way better than cellular syncs :), whatever that is.
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Femblogger commented on the diary post The Rags of Liberty by freeman.
I stand corrected. You are correct that the current NDAA codifies the AUMF power to detain into law.
Also, you are correct that it is a mistake to separate the military power of the government from its corporate tentacles.
Thank you. I didn’t see the connection to fascism.
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Femblogger commented on the diary post Strategic Defaults Will Save the Housing Market by kberke.
Your post and the comments bring out the catch in strategic defaults….if it’s done, it must be done collectively. The 99 percent must do it collectively. If all homeowners agree to stick it to the banks, the banks will get stuck. The way it is now, the banks are profiting on all the fraudulent MBS [...]
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