Post by jeffolie on May 19, 2008 17:50:40 GMT -6
The entire system is now one great big scam from top to bottom and we're supposed to believe that Obama or McCain is going to do something about it?
Like Hell. Both of those crooks are 100% invested in making sure that the people committing the fraud are allowed to continue doing so. Show me one shred of evidence otherwise. McCain was hip-deep in the Keating Five - or have you forgotten that, America?
Obama? He lambastes McCain for his involvement in the Keating scandal but show me ONE initiative he has put forward or pushed to stomp on the rampant fraud throughout our financial and housing systems.
You can't, because it doesn't exist.
NEITHER candidate gives a good damn if your pocket is picked, and in fact both explicitly and implicitly support you being robbed blind by these fraudsters, as every one of their proposals to "help the housing crisis" does exactly that - it steals from you via the tax system so the fraudsters can keep their ill-gotten gains and go on to plunder you again!
It will not change until and unless you get off your butt and tell your Congresscritter that you simply will not tolerate this any longer. That you will act in whatever fashion is necessary, up to and including organizing "mortgage payment strikes" among those who have been responsible, until these fraudsters, all of them including the investment bankers, are indicted and brought to trial. You will not shut up nor stop taking action until the money stolen is returned, the guilty punished, and the government stops coddling and rewarding those who have ripped off Americans to the tune of more than TWO TRILLION DOLLARS.
But you won't act, and as a consequence, your pocket will continue to be picked.
Of course you could simply join them! As is pointed out here, in some states you can simply stop paying your second mortgage if you have one. The lender won't foreclose because they will get nothing if they do; the house isn't worth as much as the first!
In fact, I am beginning to think that this sort of "retribution" is exactly what we need.
If the government isn't going to prosecute fraudsters in the system, then you may as well play the game their way. Go as far towards the edge as you can manage to without ending up behind a cell door, and screw everyone on the way you can find. Why not? The bankers have done it, The Fed is doing it, Congress did it to you already and the Realtors have been and are continuing to do it.
I see no reason for the people to act in a manner that is more ethical than the "paragons of business", Congress and our Central Bank do. None whatsoever.
This weekend Deutche Bank's CEO took his turn saying that the credit situation had "turned".
Ok, if that's true, then under the law The Fed is required to remove all their "special facilities."
Those facilities are only authorized under times of declared extraordinary stress.
If every bank CEO in the land says that its over, then Bernanke must be forced to remove these so-called "special" facilities as under the law they may not be maintained except in emergencies.
Hello Congress? Are you awake? Are you going to force The Fed to follow the law or are you as bad of a joke as they are?
market-ticker.denninger.net/
How to rescue the system and yourself
Like Hell. Both of those crooks are 100% invested in making sure that the people committing the fraud are allowed to continue doing so. Show me one shred of evidence otherwise. McCain was hip-deep in the Keating Five - or have you forgotten that, America?
Obama? He lambastes McCain for his involvement in the Keating scandal but show me ONE initiative he has put forward or pushed to stomp on the rampant fraud throughout our financial and housing systems.
You can't, because it doesn't exist.
NEITHER candidate gives a good damn if your pocket is picked, and in fact both explicitly and implicitly support you being robbed blind by these fraudsters, as every one of their proposals to "help the housing crisis" does exactly that - it steals from you via the tax system so the fraudsters can keep their ill-gotten gains and go on to plunder you again!
It will not change until and unless you get off your butt and tell your Congresscritter that you simply will not tolerate this any longer. That you will act in whatever fashion is necessary, up to and including organizing "mortgage payment strikes" among those who have been responsible, until these fraudsters, all of them including the investment bankers, are indicted and brought to trial. You will not shut up nor stop taking action until the money stolen is returned, the guilty punished, and the government stops coddling and rewarding those who have ripped off Americans to the tune of more than TWO TRILLION DOLLARS.
But you won't act, and as a consequence, your pocket will continue to be picked.
Of course you could simply join them! As is pointed out here, in some states you can simply stop paying your second mortgage if you have one. The lender won't foreclose because they will get nothing if they do; the house isn't worth as much as the first!
In fact, I am beginning to think that this sort of "retribution" is exactly what we need.
If the government isn't going to prosecute fraudsters in the system, then you may as well play the game their way. Go as far towards the edge as you can manage to without ending up behind a cell door, and screw everyone on the way you can find. Why not? The bankers have done it, The Fed is doing it, Congress did it to you already and the Realtors have been and are continuing to do it.
I see no reason for the people to act in a manner that is more ethical than the "paragons of business", Congress and our Central Bank do. None whatsoever.
This weekend Deutche Bank's CEO took his turn saying that the credit situation had "turned".
Ok, if that's true, then under the law The Fed is required to remove all their "special facilities."
Those facilities are only authorized under times of declared extraordinary stress.
If every bank CEO in the land says that its over, then Bernanke must be forced to remove these so-called "special" facilities as under the law they may not be maintained except in emergencies.
Hello Congress? Are you awake? Are you going to force The Fed to follow the law or are you as bad of a joke as they are?
market-ticker.denninger.net/
How to rescue the system and yourself