Subj : Re: Hell hath no fury ... To : All From : mws@wt.net 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!newsfeed.hal-mli ..net!feeder3.hal-mli.net!newsfeed.hal-mli.net!feeder1.hal-mli.net!npeer03.iad.h ighwinds-media.com!news.highwinds-media.com!feed-me.highwinds-media.com!news-in -01.newsfeed.easynews.com!easynews!core-easynews-01!easynews.com!en-nntp-15.dc1 ..easynews.com.POSTED!not-for-mail From: Mike Smith Newsgroups: austin.general,austin.politics,dfw.general,misc.rural,neworleans.general Subject: Re: Hell hath no fury ... Message-ID: References: <4tigm71odogalvlnsckbdv08bvv7qlkt32@4ax.com> <78rhm7tlklk27dfojjfqfkigr1uc2chc7l@4ax.com> X-Newsreader: Forte Agent 6.00/32.1186 MIME-Version: 1.0 Content-Type: text/plain; charset=ISO-8859-1 Content-Transfer-Encoding: 8bit Lines: 107 X-Complaints-To: abuse@easynews.com Organization: EasyNews, UseNet made Easy! X-Complaints-Info: Please be sure to forward a copy of ALL headers otherwise we will be unable to process your complaint properly. Date: Fri, 23 Mar 2012 04:46:46 -0500 X-Received-Bytes: 5705 Xref: news.eternal-september.org austin.general:177 austin.politics:36 dfw.general:293 misc.rural:970 neworleans.general:21 On Thu, 22 Mar 2012 10:05:47 -0700, Billy wrote: >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. >----- > >-fail-20120314> > >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? Is this going to take much longer, Billy? Do you know what "prove it" means? Mike Smith --- Platinum Xpress/Win/WINServer v3.1 * Origin: Prison Board BBS Mesquite Tx //telnet.RDFIG.NET www. (1:124/5013) .