ACLU sues Morgan Stanley over risky mortgages

Oct 15, 2012 | Posted by: Mr_Bill | Full story: money.cnn.com

The American Civil Liberties Union sued Morgan Stanley on Monday, charging the Wall Street firm discriminated against minority homeowners and violated federal civil rights laws by providing funding for risky mortgages.

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1 - 11 of 11 Comments Last updated Oct 17, 2012

Since: Nov 08

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#1
Oct 15, 2012
 

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They should sue Chris Dodd and the democrats for filibustering a bill that would have reigned in Fannie and Freddie and prevented the whole mortgage meltdown. The bill McCain co-sponsored to eliminate the graft at Fannie Mae/Freddie Mac. It’s on record as S. 190 [109th]: Federal Housing Enterprise Regulatory Reform Act of 2005. Chris Dodd (D) killed it. He received the most funds. The second-highest recipient of political funds siphoned off of this scandal was Barack Obama. You cannot blame this on Republicans when Democrats are flush with cash from it. Greed and mismanagement by the democrats is clear.
radiofreeamerica

Tarpon Springs, FL

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#2
Oct 15, 2012
 

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Didn*t they sue banks before for not offering loans and mortgages to minorities?Now they sue because they did?It must be comedy hour over at the ACLU today.

“i hope we can change this!”

Since: Aug 08

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#3
Oct 15, 2012
 

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why are they not suing that megalomaniac bloomberg for his illegal ban on soft drinks?

Since: Dec 07

Spring, TX

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#4
Oct 15, 2012
 

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Mr. Bill doesn't seem to realize that forced risky loans by the democrats fannie/freddie progams caused the recent housing crunch! Now he's propagizing for more???

Romney 2012! Someone who knows about fiances and economy!

Since: Apr 08

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#5
Oct 15, 2012
 
Bluebonnets-Thistle wrote:
Mr. Bill doesn't seem to realize that forced risky loans by the democrats fannie/freddie progams caused the recent housing crunch! Now he's propagizing for more???
Romney 2012! Someone who knows about fiances and economy!
Don't forget Obama had his finger in that pie, suing banks in Chicago to lend to people that couldn't afford the loans.

Google "Obama sued for low income loans" and pick your preference. There is only a million + hits.
Les Claypool

Denver, CO

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#6
Oct 16, 2012
 

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All I can say is WOW! You really have to be a low life creep to sue someone for doing you a favor.

“It's a Brand New Day”

Since: Feb 06

New Rochelle

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#7
Oct 16, 2012
 
Eighthman wrote:
They should sue Chris Dodd and the democrats for filibustering a bill that would have reigned in Fannie and Freddie and prevented the whole mortgage meltdown. The bill McCain co-sponsored to eliminate the graft at Fannie Mae/Freddie Mac. It’s on record as S. 190 [109th]: Federal Housing Enterprise Regulatory Reform Act of 2005. Chris Dodd (D) killed it. He received the most funds. The second-highest recipient of political funds siphoned off of this scandal was Barack Obama. You cannot blame this on Republicans when Democrats are flush with cash from it. Greed and mismanagement by the democrats is clear.
You are always wrong.

Morgan Stanley's lies led to the ceux of the artkicle, which is over your head:
"...Wall Street funded the subprime lending boom by bundling the risky loans into mortgage-backed securities. Those securities were then sold to institutional investors and pension funds..."

These were the cause of the credit crisis that led to the economic meltdown, these lies.

And not the regulated BANK mortgages you refer to, which failed, and still fail at a very low rate.

Since: Dec 07

Spring, TX

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#8
Oct 16, 2012
 
Mr_Bill wrote:
<quoted text>
You are always wrong.
Morgan Stanley's lies led to the ceux of the artkicle, which is over your head:
"...Wall Street funded the subprime lending boom by bundling the risky loans into mortgage-backed securities. Those securities were then sold to institutional investors and pension funds..."
These were the cause of the credit crisis that led to the economic meltdown, these lies.
And not the regulated BANK mortgages you refer to, which failed, and still fail at a very low rate.
Mega BS!

The October of 2008 financial crisis was history by Inauguration Day 2009 and the federal budgetary situation President Obama faced was one that he had voted for, hence he was an heir to his own inheritance. Moreover, both Community Organizer/Lawyer and Senator Obama were supporters of the “affordable housing” push begun by Democrats in the 1990s and continuing into the 21st Century by congressional Democrats and their ACORN, Fannie Mae, and Freddie Mac allies.

The democrats throwing other peoples money around like a kid in a candy store caused the financial mess. The dems expect banks to make loans with no profit. Doesn't work, peanut!

“It's a Brand New Day”

Since: Feb 06

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#9
Oct 16, 2012
 

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Bluebonnets-Thistle wrote:
<quoted text>
Mega BS!
The October of 2008 financial crisis was history by Inauguration Day 2009 and the federal budgetary situation President Obama faced was one that he had voted for, hence he was an heir to his own inheritance. Moreover, both Community Organizer/Lawyer and Senator Obama were supporters of the “affordable housing” push begun by Democrats in the 1990s and continuing into the 21st Century by congressional Democrats and their ACORN, Fannie Mae, and Freddie Mac allies.
The democrats throwing other peoples money around like a kid in a candy store caused the financial mess. The dems expect banks to make loans with no profit. Doesn't work, peanut!
Nice of you to start your distorted malhistory with its title, "Mega BS."
Becase that is just what you are throwing at the wall.

But none of it sticks.

Wash out your mouth.

Since: Dec 07

Navasota, TX

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#11
Oct 17, 2012
 
Mr_Bill wrote:
<quoted text>
Nice of you to start your distorted malhistory with its title, "Mega BS."
Becase that is just what you are throwing at the wall.
But none of it sticks.
Wash out your mouth.
It all sticks, screwball. The whole country knows who caused the financial meltdown, the giveaway spendathon of the left, fannie/freddie, Chris Dodd and Barney Frank (who is now in rich retriment thanks to kickbacks from ACORN and others)

Take a bath, then use delice powder, boy.

Since: Dec 07

Navasota, TX

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#12
Oct 17, 2012
 
Mr_Bill wrote:
<quoted text>
Nice of you to start your distorted malhistory with its title, "Mega BS."
Becase that is just what you are throwing at the wall.
But none of it sticks.
Wash out your mouth.
Your posts and your comments have more BS than the Chicago stockyards, billy boy.

We know you're just a paid troll. Food stamps or ripple?

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