Subj : Re: Hell hath no fury ... To : All From : wildbilly@withoutta.net.invalid Date : Thu Jan 31 2019 19:19:40 Path: eternal-september.org!reader01.eternal-september.org!reader02.eternal-september ..org!news.eternal-september.org!news.eternal-september.org!mx04.eternal-septemb er.org!mx04.eternal-september.org!feeder.eternal-september.org!news.glorb.com!n ews-xfer.nntp.sonic.net!posts.news.sonic.net!nnrp1.nntp.sonic.net!not-for-mail From: Billy Newsgroups: austin.general,austin.politics,dfw.general,misc.rural,neworleans.general Subject: Re: Hell hath no fury ... Organization: wildbilly@withoutta.net References: <4tigm71odogalvlnsckbdv08bvv7qlkt32@4ax.com> <78rhm7tlklk27dfojjfqfkigr1uc2chc7l@4ax.com> User-Agent: MT-NewsWatcher/3.5.2 (Intel Mac OS X) Date: Thu, 22 Mar 2012 10:05:47 -0700 Message-ID: Lines: 110 NNTP-Posting-Date: 22 Mar 2012 17:05:47 GMT NNTP-Posting-Host: ac449b60.news.sonic.net X-Trace: DXC=1F9jLRJE`LoWf;fMLWAYMim4K\QM1CV^`1OYf0H`?;XaD^5J3fCEk8fZUbkh[_^mMk:g2mA Un>hI]nHbS44g X-Complaints-To: abuse@sonic.net Xref: news.eternal-september.org austin.general:176 austin.politics:35 dfw.general:292 misc.rural:969 neworleans.general:20 In article , Billy wrote: > In article <78rhm7tlklk27dfojjfqfkigr1uc2chc7l@4ax.com>, > Mike Smith wrote: > > > On Tue, 20 Mar 2012 11:03:05 -0700, "Pico Rico" > > wrote: > > > > > > > >"Billy" wrote in message > > >news:wildbilly-668C43.09463720032012@c-61-68-245-199.per.connect.net.au... > > >> In article <4tigm71odogalvlnsckbdv08bvv7qlkt32@4ax.com>, > > >> Mike Smith wrote: > > >> > > >>> On Mon, 19 Mar 2012 23:06:59 -0500, "NotMe" wrote: > > >>> > > >>> > > > >>> >http://sphotos.xx.fbcdn.net/hphotos-ash4/425974_3142943487122_107101450 > > >>> >5_ > > >>> >3295 > > >>> >4121_1658586772_n.jpg > > >>> > > > >>> > > > >>> > > > >>> Awwww... another emotionally-based libtard fantasy. > > >>> > > >>> How cute... > > >>> > > >>> Mike Smith > > >> > > >> Funny how rightards want to deregulate the economy, but regulate the > > >> citizens. > > >> -- > > > > Prove it, Billy-Bob. > > > > > > > > > > >objecting to being forced to pay for the specific health care items of > > >others is "regulating the citizens"? I think you have it backwards. > > > > > > > In Billy's little fantasy world, anything is possible. He's not the > > brightest bulb around... > > > > Mike Smith > > In his new article, "Bank of America: Too Crooked to Fail," Rolling Stone reporter Matt Taibbi chronicles the remarkable history of the rise of Bank of America, an institution he says has defrauded "everyone from investors and insurers to homeowners and the unemployed." Taibbi describes how the Bush and Obama administrations have repeatedly propped up the financial institution, which received a $45 billion taxpayer bailout in 2008. Bank of America has also received billions in what could be described as shadow bailouts. The bank now owns more than 12 percent of the nationıs bank deposits and 17 percent of all home mortgages. Taibbi also recounts how fraudulent practices by Bank of America and other companies ravaged pension funds. "Most people think of [the mortgage crisis] as some airy abstraction ‹ you know, bankers ripping off bankers," Taibbi says. "Thatıs not what it is. Itıs bankers stealing from old ladies and retirees." MATT TAIBBI: Well, the deal is narrowly only supposed to cover a small part of the problems with the mortgages that went on during the crisis. It really only covers‹itıs supposed to cover robo-signing. Now, what is robo-signing? Essentially, when‹what the banks were doing is they were lending these companies like Countrywide billions of dollars to make loans all over the place to anybody with a pulse. Then they would make these billions of dollarsı worth of loans. The Countrywide-type companies would sell the loans back to a big bank like Goldman Sachs or Bank of America, who in turn would chop up these loans, turn them into securities, and then sell them off to customers like unions and pension funds and foreign retirement funds all over the world. Because they werenıt going to be holding on to those loans, they werenıt like traditional bankers that were going to be maintaining these loans over, you know, 20 or 30 years. Because they werenıt going to be doing that work, they just simply stopped doing the paperwork on these loans. It wasnıt cost-effective for them. So what they were doing was they just completely stopped servicing the loans. And only when they had to foreclose would they go back and try to reconstitute that evidence. And they would just assign a bunch of sort of entry-level people to make up affidavits so that they could go to court and foreclose on people. Completely illegal. ----- Bank of America: Too Crooked to Fail The bank has defrauded everyone from investors and insurers to homeowners and the unemployed. So why does the government keep bailing it out? -- Billy E Pluribus Unum Know where your money is tonight? It's making the lives of Wall Street Bankers more comfortable. The GOP is chasing us towards a cliff called "Obama." Vote 3rd Party --- Platinum Xpress/Win/WINServer v3.1 * Origin: Prison Board BBS Mesquite Tx //telnet.RDFIG.NET www. (1:124/5013) .