Comments on: REVIEW | In HBO’s ‘Too Big to Fail,’ the Heroes Are Really Zeroes

By: Marilyn Abdilla

Marilyn Abdilla — Thu, 26 May 2011 18:35:22 +0000

In reply to l vent.

RIGHT ON WOMAN…YOU SAID IT RIGHT AND RIGHT TO THE POINT. OMG…IF ONLY YOU COULD OR WOULD MAKE A MOVIE ….WHAT A HIT IT WOULD BE…..HERE AND AROUND THE WORLD…. I MUST SAY YOU GOT THEM BY THEIR ‘SET’… WHERE IT HURTS THE MOST…..

By: Marilyn Abdilla

Marilyn Abdilla — Thu, 26 May 2011 18:16:42 +0000

In reply to l vent.

I vent….The only movie I watched was ” Inside Job” and that was 1 movie to many for me. This real life frig’en mess of the gangster fraudsters is enough ( and that includes the government and the financial world) . Everyone involved knew of the fraud and went along with it…filled their deep pockets laughing at the scam ponzi scheme that was taking America down to shreds along with the world. The real movie is real life and as in a movie there is an ending. Not all movies end on a happy ‘ note ‘….and we don’t plan on this real life one to end the way these bastards want it to end…. You mention Bush and I add his Daddy to it….Bush is wanted in alot of places in the world…for many reasons…just as in the foreclosures…a whole lot of people are fighting mad…everywhere…so we are not alone. The world knows what was pulled and who pulled the strings and the villains all know the world is watching them. They all may look and act arrogant…that is a front to hide the fear…all gang members do the same…..till the first set of handcuffs are locked on the wrists. And this will happen in our real life ‘movie’..we will make it happen…. the camels back is getting weaker…and we are getting stronger. in many ways.

By: CaitlinO

CaitlinO — Thu, 26 May 2011 04:00:30 +0000

To me, the most frustrating part of the movie (as well as real-time events) is that not a single bastard one of the top guys in Bush’s, and then Obama’s, administration every whispered the word ‘insolvent.’ They treated the banks from beginning to end as suffering from a liquidity or confidence problem when the real truth was, and still is, that the Morons of the Universe had bankrupted their own firms.

If honest accounting was done, even today after back-door bailouts have allowed banks to profit enormously from the spread between 0% interest charged and 3% gained in US Treasuries at the expense of savers, pensions and retirees, the banks would still be bankrupt. They are still carrying trillions of dollars of loans on their books at full, pre-bubble-bust levels, loans that every homeowner in America knows are no longer supported by market realities.

The real tragedy is that all that energy, all that effort, all those trillions of national treasure were wasted to solve the wrong freaking problem. Our financial sector is still rotten at the core and the economy will not truly recover until that’ fundamental problem is finally acknowledged and addressed.

By: Fury

Fury — Thu, 26 May 2011 02:17:24 +0000

my friend said that hank paulsen was a villain in the HBO movie.
now that i believe.

By: Fury

Fury — Thu, 26 May 2011 02:10:05 +0000

it is not a movie.
homeowners have been swindled in the worst bank heist in the history of the US.

we want full restitution for our losses.

we will keep coming and coming. we will not give up.

By: Fury

Fury — Thu, 26 May 2011 02:05:33 +0000

i don’t have HBO.

who financed this movie and who were the HBO advertisers? that will reveal a lot.

a florida friend watched.
she said that barney frank was the only one who kept asking, “what about the homeowners?”

she said bernanke was protrayed as sympathetic,
well, we all know that in reality, that is bunk. he is evil.

By: acmodspecialists

acmodspecialists — Thu, 26 May 2011 01:59:55 +0000

What its and was not in the movie:
Why do the Banksters (gangsters) have to produce questionable documents to proceed with a foreclosure? and Why can’t the banks simply use the documents on file in the County Clerk’s Office to foreclose?? mmmm…..anybody?
I alleged rampant, widespread bank fraud plus more fraud on top of fraud, is the reason, and it answers the questions regarding Property values, court budgets, pension funds, robo-signing, tax base, foreclosures, bank fraud and much more…are all seamlessly linked together. because the banks INTENTIONALLY DESTROYED original NOTES and MORTGAGES. On purpose. (not in the movie)
I also like to point that they intentionally avoided filing subsequent assignments of mortgages, thereby EVATHING BILLIONS in filing fees. And there was another question: Why would the banks intentionally do that?
Here is what was going on during the housing bubble ( its not in the movie ). 1- Mortgages were intentionally being given to anyone, so long as you were breathing, and in some cases even if you weren’t breathing yes, dead people ! (They did mention it in the movie slightly but was in the movie)
So if you know someone who exploited this open spigot of cash, remember they could not have done it without the banks being COMPLETELY willing to provide the poorly underwritten loan.
The bank would then package up these mortgages in large groups and sell what are known as Mortgage Backed Securities (MBS) to pension funds, municipal governments, and your grandmother, hey your garndfather too (the did mention that in the movie.)
Therefore the banks were IMMEDIATELY made whole on the million dollar loan they had just given to the guy working the drive through. The banks were then supposed to PLACE the original note and mortgage in a trust,BUT THEY DID NOT. (not in the movie)
The banks simply provided a spreadsheet of numbers to the investors representing the mortgages, and then destroyed the originals, or conveniently “lost” them. (not in the movie)
Why? Why would the banks do that??
Because if they had actually provided to your grandmother the mortgages she had been sold as well underwritten prime mortgages, she would see that they were a large pile of smelly dog excrement and know that she had been defrauded, Get it? in other words they did that to ide the fraud, (not in the movie)
It gets worse, Sometimes they sold the same mortgage numerous times, placing it in numerous securities. They could, because they only provided a spreadsheet, and not the original docs.-NOTES (not in the movie) You guys follow me?
This is what is ultimately affecting property values, market confidence and tax base. (not in the movie)
But gess what, IT GETS WORSE, More often than not, these securities were sold, resold, and traded as these MBS (Mortgage back Securities) spreadsheets were kicked around like beers cups at Fantasy Fest. Novels will be written as to the scale of the fraud, credit default swaps, (CDO’s) and methods with which those in the know were gaming the system. PONZI SCHEME. (not in the movie)
You would think that each time this mortgage and NOTE traded hands that it would be properly recorded in the Clerk’s Office as has been done for centuries, right? Well…WRONG. (not in the movie)

By: blackvan@hotmail.com

blackvan@hotmail.com — Wed, 25 May 2011 21:45:39 +0000

hello

the figure that is real is $ 4.3 trillion in bailout money. plus the back door bailouts which are still going on.

now come’on do you really think that we saved with our dollar the whole u.s..economy for a mere 780 billions.

they call that in marketing a “mere token” and it usually entices the consumer to believe the story.

lets all get real. the real number is prolly like $ 10 trillion and counting .

best regard
David.

the only ones to suffer will be the middle class. the game plan as I understand it is to move another 10 trillion out of the middle class to the rich to ” save out financial system” . now ain’t that speical and MR DIMON gets another $ 100 millon bonus.

wow lets all wake up and fill up our congressman and senatores mail via uspa to make it all legal. not faxes.

or emails which they never read.

if we don’t complain more our great great grandchildren may think we are all a ship of fools in the middle class and we believed anything bernake says.

HOORAH
D.

By: l vent

l vent — Wed, 25 May 2011 21:32:29 +0000

In reply to No Standing. I think the American people are smart enough to see right through this movie. I hope this movie will make them as furious as it made me. Most of the devils are there though the main devil, Bush knew this was coming, the FBI warned his administration about the rampant mortgage fraud in 2004 and told his administration there was plenty of time to fix the mess or there would be a catastrophic financial collapse. I think they all looked arrogant and disgusting. They made me want to vomit.

By: maia

maia — Wed, 25 May 2011 20:15:06 +0000

What I got from the movie is confirmation that the people running our government are just plain stupid and don’t give a rat’s ass about “we the people”. Did they consult the intelligent economists of the country? They called Warren Buffet.

I know what Bank Of America did with their bailout money–hired lawyers to steal our houses instead of work with the homeowners on their mortgages, with Freddie and Fannie complicit on the back end of the deal. I might have lost a house, but I’m sending paperwork out in hopes they all go to prison.