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View Diary: Kill the Bank Foreclosure Deal Now (35 comments)

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  •  "now not much can be done". Hmmmm, (2+ / 0-)
    Recommended by:
    pfiore8, Greyhound

    how the heck did that happen?

    The frog jumped/ into the old pond/ plop! (Basho)

    by Wolf10 on Sat Feb 11, 2012 at 11:12:34 AM PST

    [ Parent ]

    •  A lot of the stuff banks did wasn't technically (1+ / 0-)
      Recommended by:
      Catte Nappe

      illegal. What was illegal will be extremely hard to prove. When banks still had (or wanted) TARP money, it would have been much easier to force them to make some changes in their behavior, give up some profits etc. Now this leverage is mostly gone so we end up with a relatively small settlement like this one.

      Btw, if it was so bad some state AGs would have opted out. White House has rather limited influence on them. Apparently, it's good enough for them to stay in.

      •  This was a great moment to write down debt (3+ / 0-)
        Recommended by:
        aliasalias, Wolf10, chuckvw

        stablize the housing market and keep people in their homes, as well as addressing the damage these thieves did to millions of people.

        Instead, AG Holder sold us out and gave away all the leverage that will keep a couple of people in their homes.

        I'm not voting for this bullshit again.

        •  Holder wasn't on board then (0+ / 0-)

          TARP started under the Bush admin.

          from a bright young conservative: “I’m watching my first GOP debate…and WE SOUND LIKE CRAZY PEOPLE!!!!”

          by Catte Nappe on Sat Feb 11, 2012 at 01:56:43 PM PST

          [ Parent ]

          •  Geithner and Bernanke (4+ / 0-)
            Recommended by:
            Wolf10, aliasalias, J Orygun, prndl

            are responsible for the bank bailout, Holder is responsible for this mess.

            And Obama supported the TARP, he appointed all these guys to their respective jobs, and he did nothing about joblessness and the mortgage crisis in his first two years of office - when he had a bulletproof, supermajority - so the excuse that the 'republicans won't let him' holds no water.

            He bought the banker's argument and now he's surprised that we have growing inequality. He needs look at his own policies and advisors to see the problem.

            And it happened again here: they threw the most vulnerable under a bus, again for the benefit of the bankers. Perhaps they are hoping for a good return in their super pac.

            This is not going to end well for anyone but the bankers.

      •  Wasn't technically illegal? (3+ / 0-)
        Recommended by:
        Tom Taaffe, chuckvw, Wolf10

        When did forgery, (robo-signing) become legal?  The message, and the reality of this bullshit is that if you have enough money, you are above the law.  If any AG can't make a case out of millions of acts of forgery, they must be piss poor attorneys.  I know Eric Holder is a piss poor attorney, but then he used to work for the Banksters.  I'll bet money that he gets a high paying job with them again, after he stops warming a chair at the DOJ.  What an asshole!  Obama will just write another book, and the banksters will by a million or so copies, so he gets paid.  He's another asshole that just sold out union members with the signing of the FAA reauthorization act, and now this shit.

        •  Even if he resigned under a cloud (1+ / 0-)
          Recommended by:

          Holder will resurface as director of some major economic or policy operation, constructed to advance the new world order and the corporatization of everything for the benefit of the very precious few.

          He did more to prevent prosecutions of bankers than he did to find justice for anyone. Never mind actually protecting the public from the predator clases.

          Obama's cabinet is a closet full of corporate creeps, with the same school ties and the same backers as Republicans.  No wonder the economy lies in a coma. The people who put it on life support are still running the economy.

          I'll bet this deal will do wonders for Obama's new Super Pac.  

      •  not technically illegal (2+ / 0-)
        Recommended by:
        prndl, Wolf10

        One of my big questions (which I sent to my AG) is "what would be different if the banks did the same thing again? (And we all know they will.)". As far as I know, nothing has changed.  The same behavior will again result in no-one paying a price, except taxpayers.

        Here's an idea: how about the people run the government and the corporations can line up for whatever we leave for them.

        by J Orygun on Sat Feb 11, 2012 at 05:09:29 PM PST

        [ Parent ]

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