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OleJesse

Dawsonville, GA

#1 Feb 4, 2013

Ole Jesse wants your pension money.

http://dealbook.nytimes.com/2013/01/30/jesse-...
Informed Opinion

Alva, FL

#2 Feb 4, 2013
Martin would roll over

Toccoa, GA

#3 Feb 4, 2013
so, what precipitated the 'great recession' was forcing lenders to make loans to unqualified borrowers.

so, Jesse's solution is to force pension money to be invested in unqualified borrowers (mainly black).

I got it.

Jesse's pretty smart. He knows where the money left is hidden. Like pension plans, selling the national forests, selling off Ft Knox. It ain't all gone yet.
Informed Opinion

Alva, FL

#4 Feb 4, 2013
Martin would roll over wrote:
so, what precipitated the 'great recession' was forcing lenders to make loans to unqualified borrowers.

so, Jesse's solution is to force pension money to be invested in unqualified borrowers (mainly black).

I got it.

Jesse's pretty smart. He knows where the money left is hidden. Like pension plans, selling the national forests, selling off Ft Knox. It ain't all gone yet.
I respectfully disagree:

Bankers are greedy bastards.

We all recognized this since the Great Depression when we enacted Glass- Steagall to keep bankers from again destroying the economy by gambling with government insured money.

Of course, bankers decided that Glass-Steagall also prevented their maximizing their profits and bribed Congress and Clinton to repeal it.

Surprise - when Glass-Seagall was repealed, banks created tranches and credit default swaps (using mortgage backed securities), which they knew were worthless, and sold these instruments to any fool that would buy them. To sell them to pension funds they bribed the ratings agencies to rate them high enough to qualify as pension grade.

Even the rating officers laughed at the worthless quality of the instruments that they were giving AAA ratings, but hey, when the bank selling the instrument pays the rating agency to rate it, it's shocking, shocking, that the instrument is rated highly, even if it's garbage.

Bankers did this to make a killing themselves - which they did.

Rating agencies did this to make a killing - which they did.

Right now Standard and Poor's is about to be charged with fraud, and the banks have paid billions in penalties for their frauds.

Of course, that's billions less than they stole, so who would steal if you got to keep billions in salary, bonuses, and stock for being a thief.

The only thing the government did wrong was to pretend greedy bastards won't steal whatever they can if you don't regulate their activities and throw the crooks in jail.

Consider:

"Bailout" by Neil Barofsky, the Special Inspector General for TARP

It explains that the government doesn't tell the big banks what to do, the banks tell the government where to go.

Just my opinion.

Since: Jul 10

Morganton, GA

#5 Feb 4, 2013
Jesse Jackson. Ray Nagin. Mayor of New Orleans. You ever looked into Al Sharptons finances? Marion Barry, Mayor of Washington DC? How about the mayor of Detroit? Do I see a pattern here? Big black mouths that are on the take is what I see
Bored

Dawsonville, GA

#6 Feb 4, 2013
Informed Opinion wrote:
<quoted text>
I respectfully disagree:
Bankers are greedy bastards.
We all recognized this since the Great Depression when we enacted Glass- Steagall to keep bankers from again destroying the economy by gambling with government insured money.
Of course, bankers decided that Glass-Steagall also prevented their maximizing their profits and bribed Congress and Clinton to repeal it.
Surprise - when Glass-Seagall was repealed, banks created tranches and credit default swaps (using mortgage backed securities), which they knew were worthless, and sold these instruments to any fool that would buy them. To sell them to pension funds they bribed the ratings agencies to rate them high enough to qualify as pension grade.
Even the rating officers laughed at the worthless quality of the instruments that they were giving AAA ratings, but hey, when the bank selling the instrument pays the rating agency to rate it, it's shocking, shocking, that the instrument is rated highly, even if it's garbage.
Bankers did this to make a killing themselves - which they did.
Rating agencies did this to make a killing - which they did.
Right now Standard and Poor's is about to be charged with fraud, and the banks have paid billions in penalties for their frauds.
Of course, that's billions less than they stole, so who would steal if you got to keep billions in salary, bonuses, and stock for being a thief.
The only thing the government did wrong was to pretend greedy bastards won't steal whatever they can if you don't regulate their activities and throw the crooks in jail.
Consider:
"Bailout" by Neil Barofsky, the Special Inspector General for TARP
It explains that the government doesn't tell the big banks what to do, the banks tell the government where to go.
Just my opinion.

Boring-boring-boring!
Sharpton

Dawsonville, GA

#7 Feb 4, 2013
ivy log leonard wrote:
Jesse Jackson. Ray Nagin. Mayor of New Orleans. You ever looked into Al Sharptons finances? Marion Barry, Mayor of Washington DC? How about the mayor of Detroit? Do I see a pattern here? Big black mouths that are on the take is what I see

Sharpton's friends (Jesse and others) had to bail him out for the $60k he had to pay in the civil case for slander and false allegations accusing him of raping Brawley. Sharpton lost in that civil case about the Tawana Brawley rape allegations.
The plaintiff finally found her after 25 years so he could take her to court on false allegations. She had changed her name and hid away like a rat after Sharpton used her as a political whore.
UC Voter

Clarkesville, GA

#8 Feb 4, 2013
Informed Opinion wrote:
<quoted text>
I respectfully disagree:
Bankers are greedy bastards.
We all recognized this since the Great Depression when we enacted Glass- Steagall to keep bankers from again destroying the economy by gambling with government insured money.
Of course, bankers decided that Glass-Steagall also prevented their maximizing their profits and bribed Congress and Clinton to repeal it.
Surprise - when Glass-Seagall was repealed, banks created tranches and credit default swaps (using mortgage backed securities), which they knew were worthless, and sold these instruments to any fool that would buy them. To sell them to pension funds they bribed the ratings agencies to rate them high enough to qualify as pension grade.
Even the rating officers laughed at the worthless quality of the instruments that they were giving AAA ratings, but hey, when the bank selling the instrument pays the rating agency to rate it, it's shocking, shocking, that the instrument is rated highly, even if it's garbage.
Bankers did this to make a killing themselves - which they did.
Rating agencies did this to make a killing - which they did.
Right now Standard and Poor's is about to be charged with fraud, and the banks have paid billions in penalties for their frauds.
Of course, that's billions less than they stole, so who would steal if you got to keep billions in salary, bonuses, and stock for being a thief.
The only thing the government did wrong was to pretend greedy bastards won't steal whatever they can if you don't regulate their activities and throw the crooks in jail.
Consider:
"Bailout" by Neil Barofsky, the Special Inspector General for TARP
It explains that the government doesn't tell the big banks what to do, the banks tell the government where to go.
Just my opinion.
WTF does this have to do with Jackson? Nothing. It is amazing how you must muck up every post with your great progressive knowlede that bores the shit out of most normal people. No one cares about the bankers when the SUBJECT is Jesssseeee Jackson.
Informed Opinion

Naples, FL

#9 Feb 5, 2013
Wow !

Thanks for straightening me out.

I thought the concern was that Jesse Jackson running a bank was somehow more ridiculous than letting the greedy white bastards who stole all our money and bankrupted most of the Western Hemisphere's economic system continue to control all the money.

Heck, it was just a "We hate the black guy post"

I'll try not to let facts interfere with prejudice again.

Thanks again.
Bored

Dawsonville, GA

#10 Feb 5, 2013
Informed Opinion wrote:
Wow !
Thanks for straightening me out.
I thought the concern was that Jesse Jackson running a bank was somehow more ridiculous than letting the greedy white bastards who stole all our money and bankrupted most of the Western Hemisphere's economic system continue to control all the money.
Heck, it was just a "We hate the black guy post"
I'll try not to let facts interfere with prejudice again.
Thanks again.
Boring again.

Since: Jul 10

Morganton, GA

#11 Feb 5, 2013
I do not hate the black race at all. I am friends with blacks. Why is it that you have a JC Watts or a Herman Cain or the newly appointed Senator from the state of South Carolina whom are all black and they are annointded uncle toms by the media and other blacks. Is that not in it's self racist?

Since: Jul 10

Morganton, GA

#12 Feb 5, 2013
Ol Jesse jackson is a strong armed slum lord. Check out what he owns
Informed Opinion

Naples, FL

#13 Feb 6, 2013
ivy log leonard wrote:
Ol Jesse jackson is a strong armed slum lord. Check out what he owns
Slum lord ?

Isn't that called entrepreneurial capitalism, a/k/a Walmart, JP Morgan Chase, and Wells Fargo ?

Just wondering.
Oh my

Blairsville, GA

#14 Feb 6, 2013
Informed Opinion wrote:
<quoted text>
http://www.topix.com/forum/city/blairsville-g...
...Surprise - when Glass-Seagall was repealed, banks created tranches and credit default swaps (using mortgage backed securities), which they knew were worthless, and sold these instruments to any fool that would buy them. To sell them to pension funds they bribed the ratings agencies to rate them high enough to qualify as pension grade.

Even the rating officers laughed at the worthless quality of the instruments that they were giving AAA ratings, but hey, when the bank selling the instrument pays the rating agency to rate it, it's shocking, shocking, that the instrument is rated highly, even if it's garbage.

Bankers did this to make a killing themselves - which they did.

Rating agencies did this to make a killing - which they did.

Right now Standard and Poor's is about to be charged with fraud, and the banks have paid billions in penalties for their frauds.
WED FEB 06, 2013 AT 03:59 AM PST
Closely-Watched Court Decision Breaks Bad for Wall St. Has A Day of Reckoning Arrived?
by bobswern
http://www.dailykos.com/story/2013/02/06/1184...

Late Tuesday evening, Reuters reported that U.S. District Court Judge Jed Rakoff issued a ruling in a very closely-watched lawsuit against Michigan-based Flagstar Bank (See: Assured Guaranty Municipal Corp v Flagstar Bank, FSB in U.S. District Court, Southern District of New York, 11-2375) which “…has been seen as a test of the ability of bond insurers to hold banks accountable for losses incurred insuring securities at the heart of the financial crisis.”

I published a comprehensive report of the situation, with regard to how the overall matter (I did not mention the Flagstar case, however) did not bode well for all of Wall Street, in a post here on December 11th, entitled:“Wall Street’s Golden Rule.” It’s republished in its entirety, down below.(I strongly suggest that you check it out.)

Put very simply, and as you'll read throughout this post, Judge Rakoff’s decision is an ominous sign for our nation's largest banks....
The Jokes on You

Blairsville, GA

#15 Feb 6, 2013
Oh my wrote:
<quoted text>
WED FEB 06, 2013 AT 03:59 AM PST
Closely-Watched Court Decision Breaks Bad for Wall St. Has A Day of Reckoning Arrived?
by bobswern
http://www.dailykos.com/story/2013/02/06/1184...
Late Tuesday evening, Reuters reported that U.S. District Court Judge Jed Rakoff issued a ruling in a very closely-watched lawsuit against Michigan-based Flagstar Bank (See: Assured Guaranty Municipal Corp v Flagstar Bank, FSB in U.S. District Court, Southern District of New York, 11-2375) which “…has been seen as a test of the ability of bond insurers to hold banks accountable for losses incurred insuring securities at the heart of the financial crisis.”
I published a comprehensive report of the situation, with regard to how the overall matter (I did not mention the Flagstar case, however) did not bode well for all of Wall Street, in a post here on December 11th, entitled:“Wall Street’s Golden Rule.” It’s republished in its entirety, down below.(I strongly suggest that you check it out.)
Put very simply, and as you'll read throughout this post, Judge Rakoff’s decision is an ominous sign for our nation's largest banks....
Got the jump on Little Davey in reporting this one, eh? The Mountain must have not told him about this.
Oh my

Blairsville, GA

#16 Feb 6, 2013
The Jokes on You wrote:
<quoted text>
Got the jump on Little Davey in reporting this one, eh? The Mountain must have not told him about this.
You must mean this from the title of the article...

...Has A Day of Reckoning Arrived?
The Jokes on You

Blairsville, GA

#17 Feb 6, 2013
Oh my wrote:
<quoted text>
You must mean this from the title of the article...
...Has A Day of Reckoning Arrived?
Well that, and the fact that he reckons himself to be the watchdog of financial institutions. And the talker of Mountains, the spewer of B.S., etc., etc.
Lark Roven

Dawsonville, GA

#18 Feb 7, 2013
A watermelon is a type of edible fruit. They are 92% water. About six percent of a watermelon is sugar. This makes them very sweet. There are many different types of watermelon. Some have a green rind on the outside and a red-pink flesh on the inside, with black seeds. Some can have yellow flesh, and some can be seedless. The green rind on the outside is not usually eaten, though it can be used as a vegetable. It can also be stewed or pickled. Most watermelons are oblong or spherical. In Japan, watermelons are grown in different shapes. Many people like to eat watermelon in the summer because the fruit is cool and refreshing.

Watermelons are a great source vitamin A, vitamin C, vitamin B6 and vitamin B1. They also contain potassium, magnesium, carotenoid antioxidant, and lycopene. Watermelons are fruits and a vine-like plant, but they are edible
Truth in vents

Dawsonville, GA

#19 Feb 7, 2013
It's pathetic when anyone uses the race card to advance their own personal views. The days of hiring the most competent, qualified replaced by being sure you have the correct % of a group.
Years ago I was a mortgage originator and we were required to accept appications, then reject because they couldn't qualify. People who made 12K wanting a home in the 100K range. Then the numbers of rejections spiked in poverty areas and we were accused of racism. Then came the 2/5 loans which put us into the mess that caused the collapse in 2008. Payments starting at @200 monthly spiked to $1400 and "shock" effect can't when they can't afford the home.
Replaced by screams of racism and wanting to reduce the debt to keep these same people in the homes they couldn't afford in the first place.
Lyndon Johnsons "Great Society" program started the ball rolling which sems unstoppable now.
GM is back in the sub-prime loans on new cars. The beat goes on
Mtn Top View

Dawsonville, GA

#20 Feb 7, 2013
Apple doesn't fall far from the tree. Look at Jesse Jackson Jr and his wife in Illinois. Thise who felt they were bulletproof and could cry racism, now relize it doesn't have the effect it once had. The ignorant to the professor, when caught scream the race card as a defense'

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