For all those shouting at the top of their lungs….I have been in banking all of my 60 years of life, with the exception of the first 18 when I was in school. I left the banking side and went into mortgage brokerage wholesale in the 90’s when everything changed (for the worse)! The biggest mistake ever made was when they repealled the Glass/Steagall Act in 1999. From it’s inception in 1963 to then, the financial world in this country at least had some sort of regulation….. I still contend that the Fed Reserve needs to be abolished and reinstate the Glass/Steagall Act.
Abolish the FED….! WE need State Banks and our own currency backed by capital created from our own natural resources like NATURAL GAS REVENUES…Those revenues belong to the people.!..We have allowed the Government to seize power of everything ….like the Saudi Royal family seized oil revenues…WTF …ARE WE STUPID? JAIL THE HEDGE FUND MANAGERS! RESTORE THE UPTICK RULE!
“Dissension is the greatest form of patriotism.”..Thomas Jefferson…
Chris Hayes did a great job explaining this settlement for fraud… and Eliot Spitzer, spot on as always.,..! No, No, No and No!! Settlement with the Banks…!” The banks did not assign a legal lien for one reason only….so they could commit trillions in mortgage fraud and multiple pledge notes..A legal lien would have forced them to deliver the note and mortgage to a trust and they could not have made hundreds of trillions that way …so instead, they sold interests in the notes in pools.multiple times….they dont even know to who or how many!.. They did not sell the mortgages and notes……they oversold interests in the notes.. …they actually sold interests in nothing by overselling interests in the notes to investors… and created…$700 trillion in collateral mortgage fraud debt. for themselves.UNSUSTAINABLE DEBT….Shut the banks down.! Jail the crooks!
!
WOOHOO Ivent! You are so right, Eliot is so right and I gotta tell ya, I really like Chris Hayes! He leaves no room for them to spit! He is a young and upcoming journalist/host/news reportor or whatever! If I were his mother I would be SOOO proud! Speaks his mind but keeps to the facts – a rare item these days from the mass media.
Right on Bobbi..! First we have to get to the truth so we cannot be deceived. We need to rally around those who tell the truth! “What a tangled web we weave when we set out to deceive.” That was a great quote by someone..!…AND we need to amend Reagans words a bit now to….DO NOT TRUST…VERIFY!
Like who is flying those planes over our heads? and WTF are they spraying?….WHY are they spraying∞∞? Why are black helicopters flying overhead?..EVERYONE….Call the COPS…DEMAND ANSWERS..QUESTION EVERYTHING!!!
Question more…like our kids did when they were small…Children have a way of making all of us feel humble..When kids misbehave they are mimicking adults bad behavior… Our children teach us a lot about ourselves..
9/11 proves..never believe the official story…Like the MSM is ruhht now TELLING US TO BELIEVE ROMNEYS IN THE LEAD AND GINGRICH IS RIGHT BEHIND…..The truth is now at our fingertips…if we want to find it!
The video is not posted…New show on Showtime called House of Lies…it is about Wall Street and all of their criminal shenanigans…Warning ..it contains lots of smut ….You may want to take a shower after viewing..!
The harm the banks have obviously done to the people across the globe not just Americans. Warrant a separation of the banks from the government. Anyone with a bank employed or bank ownership history on their resume should be banned from government positions and no money allowed for campaigns from any of them ever. The government and the banks are intertwined and a marriage of criminal entitiies. Regulations need to be reinstalled and the big banks need to be banned forever from the U.S. There is a standing law in Washington state that enables the state to seize and ban the banks from Washington state for ever.
All true Shelley…and lets not forget those turncoat GSEs….half private owned and half US TAXPAYER owned before the Government took them into recievership…TALK ABOUT AN UNCONSTITUTIONAL CONFLICT OF INTEREST!…..That should have NEVER been allowed….they should be either public or private…….not both….!….BLOOMBERG news reported that the IMF…is the biggest shareholder/bondholder in FANNIE MAE….! So Fannie Mae backed the loans by the U.S. TAXPAYER…BOUGHT BACK BY THE LOANS FOR PENNIES ON THE DOLLAR…..from there they sold interests in those less risky loan pools to their investors…..on the private side……they were less risky bets but still returned trillions upon trillions and allowed the IMF to “think” they owned our homes…but they did not…they owned an interest in FANNIE MAE…IT IS DESPICABLE!…The GSE’s are the worst of the worst and should be shut down and all U.S. taxpayer money returned. The CEOS JAILED..-The politicians need to be held accountable for this mess. I still haven’t delved into who owns the Private side of Fannie Mae but I would wager a bet it is the federal reserve…
Well, the federal gov bailed out the banksters at one point. They were “too big to fail”. It didn’t work – it was a mess and it enabled ongoing fraud upon the people of this nation.
Now its time for the federal government to bail out the people who are “too important to fail because of fraud by the banksters”.
Any contract shown to be built on fraud should be deemed null and void — even for those persons who in good faith have paid off / continue to pay their mortages as well as those who are struggling or has lost their homes to fraudclosure. American people would still not be compensated enough even with this move – based upon the horrors these banksters have committed on citizens – but it is a start.
The banksters “business as usual” practices need to be revamped and torn down. Overhaul the system.
For all those shouting at the top of their lungs….I have been in banking all of my 60 years of life, with the exception of the first 18 when I was in school. I left the banking side and went into mortgage brokerage wholesale in the 90’s when everything changed (for the worse)! The biggest mistake ever made was when they repealled the Glass/Steagall Act in 1999. From it’s inception in 1963 to then, the financial world in this country at least had some sort of regulation….. I still contend that the Fed Reserve needs to be abolished and reinstate the Glass/Steagall Act.
Abolish the FED….! WE need State Banks and our own currency backed by capital created from our own natural resources like NATURAL GAS REVENUES…Those revenues belong to the people.!..We have allowed the Government to seize power of everything ….like the Saudi Royal family seized oil revenues…WTF …ARE WE STUPID? JAIL THE HEDGE FUND MANAGERS! RESTORE THE UPTICK RULE!
Make Wall Street Investment banks have skin in the game…including the CEOs…
“Dissension is the greatest form of patriotism.”..Thomas Jefferson…
Chris Hayes did a great job explaining this settlement for fraud… and Eliot Spitzer, spot on as always.,..! No, No, No and No!! Settlement with the Banks…!” The banks did not assign a legal lien for one reason only….so they could commit trillions in mortgage fraud and multiple pledge notes..A legal lien would have forced them to deliver the note and mortgage to a trust and they could not have made hundreds of trillions that way …so instead, they sold interests in the notes in pools.multiple times….they dont even know to who or how many!.. They did not sell the mortgages and notes……they oversold interests in the notes.. …they actually sold interests in nothing by overselling interests in the notes to investors… and created…$700 trillion in collateral mortgage fraud debt. for themselves.UNSUSTAINABLE DEBT….Shut the banks down.! Jail the crooks!
!
WOOHOO Ivent! You are so right, Eliot is so right and I gotta tell ya, I really like Chris Hayes! He leaves no room for them to spit! He is a young and upcoming journalist/host/news reportor or whatever! If I were his mother I would be SOOO proud! Speaks his mind but keeps to the facts – a rare item these days from the mass media.
Right on Bobbi..! First we have to get to the truth so we cannot be deceived. We need to rally around those who tell the truth! “What a tangled web we weave when we set out to deceive.” That was a great quote by someone..!…AND we need to amend Reagans words a bit now to….DO NOT TRUST…VERIFY!
Like who is flying those planes over our heads? and WTF are they spraying?….WHY are they spraying∞∞? Why are black helicopters flying overhead?..EVERYONE….Call the COPS…DEMAND ANSWERS..QUESTION EVERYTHING!!!
Question more…like our kids did when they were small…Children have a way of making all of us feel humble..When kids misbehave they are mimicking adults bad behavior… Our children teach us a lot about ourselves..
9/11 proves..never believe the official story…Like the MSM is ruhht now TELLING US TO BELIEVE ROMNEYS IN THE LEAD AND GINGRICH IS RIGHT BEHIND…..The truth is now at our fingertips…if we want to find it!
The video is not posted…New show on Showtime called House of Lies…it is about Wall Street and all of their criminal shenanigans…Warning ..it contains lots of smut ….You may want to take a shower after viewing..!
The harm the banks have obviously done to the people across the globe not just Americans. Warrant a separation of the banks from the government. Anyone with a bank employed or bank ownership history on their resume should be banned from government positions and no money allowed for campaigns from any of them ever. The government and the banks are intertwined and a marriage of criminal entitiies. Regulations need to be reinstalled and the big banks need to be banned forever from the U.S. There is a standing law in Washington state that enables the state to seize and ban the banks from Washington state for ever.
All true Shelley…and lets not forget those turncoat GSEs….half private owned and half US TAXPAYER owned before the Government took them into recievership…TALK ABOUT AN UNCONSTITUTIONAL CONFLICT OF INTEREST!…..That should have NEVER been allowed….they should be either public or private…….not both….!….BLOOMBERG news reported that the IMF…is the biggest shareholder/bondholder in FANNIE MAE….! So Fannie Mae backed the loans by the U.S. TAXPAYER…BOUGHT BACK BY THE LOANS FOR PENNIES ON THE DOLLAR…..from there they sold interests in those less risky loan pools to their investors…..on the private side……they were less risky bets but still returned trillions upon trillions and allowed the IMF to “think” they owned our homes…but they did not…they owned an interest in FANNIE MAE…IT IS DESPICABLE!…The GSE’s are the worst of the worst and should be shut down and all U.S. taxpayer money returned. The CEOS JAILED..-The politicians need to be held accountable for this mess. I still haven’t delved into who owns the Private side of Fannie Mae but I would wager a bet it is the federal reserve…
Well, the federal gov bailed out the banksters at one point. They were “too big to fail”. It didn’t work – it was a mess and it enabled ongoing fraud upon the people of this nation.
Now its time for the federal government to bail out the people who are “too important to fail because of fraud by the banksters”.
Any contract shown to be built on fraud should be deemed null and void — even for those persons who in good faith have paid off / continue to pay their mortages as well as those who are struggling or has lost their homes to fraudclosure. American people would still not be compensated enough even with this move – based upon the horrors these banksters have committed on citizens – but it is a start.
The banksters “business as usual” practices need to be revamped and torn down. Overhaul the system.
The Federal Government owns the banks…it is the Federal Government who thinks they are TBTF..
AMEN!