Bair is ‘Flabbergasted’ by Weill’s Big Banks Comments
Discussing Sanford Weill’s remarks on going back to Glass-Steagall, with Sheila Bair, former FDIC chairman.
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Sheila Bair is ‘Flabbergasted’ by Weill’s Comments to Break Up the Big Banks (VIDEO)
Discussing Sanford Weill’s remarks on going back to Glass-Steagall, with Sheila Bair, former FDIC chairman.
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So, I would like to know with all this WONDERFUL NEWS!!!…. does this mean all we people who have lost of homes due to Fraudulent Foreclosures will be complensated for our loss?? Should the answer to this question is YES WE ABSOLUTELY WILL!!! Then, I say to this new news FANTASTIC AND IT IS ABOUT TIME!!.
However, anything short of compensating those families on “Main Street” who have been screwed and lost everything because of ALL the Fraud the banks’ committed and was ignored, excused and condoned by the Courts….This news means absoluely nothing to me nor should it to the rest of the country either.
Quite frankly, if it is not the banks who are ruining our lives it is the courts themselves, and not just the district court,s the State Supreme Courts as well! Justice, remember that word? There is no Justice for most of us anymore……HOWEVER, I do believe in “what goes around comes around” Watch out all of you who are responsible for destroying “America” for the rest of our natural lives. Pay back is a bitch and when it happens to you you will plead for mercy…..Sorry, we are all out!
I’m still flabbergasted that Sheila was able to secure a nice affordable mortgage from Bank of America, during the blatant rupturing of epic fraudulent/predatory lending, while at the SAME TIME, the FDIC she chaired was conducting stress tests of the same institution. Not to be cynical, but the closer you look at how banks are/were able to get away with so much rampant destructive behavior you’ll see a wealthy suburban homeowner who’s largess came from being an “accommodating”regulator, doing nothing that dares challenge the status quo.
The voices we hear from the press, from former regulators, were people supposedly on watch when the housing bubble was created and collapsed, yet we assume credibility, or even honesty. Maybe we shouldn’t.
We still owe Weill and Bair thanks .. better late than never ..