General Discussion

snot

(11,818 posts)

40. PS: If any of those involved in the debacle were in fact as clueless as claimed,

Wed Jan 23, 2013, 04:24 AM

Jan 2013

they should at the minimum be fired and barred from any further involvement in banking for life.

Instead, they got bonuses. Because they succeeded in what they set out to do.

Note: The reason I'm so sure about all this is because we went through it on a much smaller scale with the S&L mess in the 80's. And we liquidated bad banks instead of bailing them out, and prosecuted their senior execs. and sent them to jail, and there were a few bad years but we enabled the economy to recover without undue delay.

Search William Black, if you'd like to know more.

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"Frontline" Alert [View all] erpowers Jan 2013 OP

Thank your for the heads up. EOM physioex Jan 2013 #1

Thanks. hay rick Jan 2013 #2

thank you! renate Jan 2013 #3

Thanks -- I didn't realize that! gateley Jan 2013 #19

I shall be tuned in Ian Iam Jan 2013 #45

Thanks for the info. LisaLynne Jan 2013 #4

Thanks! tosh Jan 2013 #5

I am relieved to see this isn't about a recall of my cats' flea medication slackmaster Jan 2013 #6

me too LOL irisblue Jan 2013 #14

kr HiPointDem Jan 2013 #7

K & R! Lady Freedom Returns Jan 2013 #8

Thanks for the reminder. (n/t) WorseBeforeBetter Jan 2013 #9

Is this a rerun? They did a similar show a couple years ago. proud2BlibKansan Jan 2013 #10

New n/t mockmonkey Jan 2013 #17

k&r rhett o rick Jan 2013 #11

RATS! RATS! RATS! Lady Freedom Returns Jan 2013 #12

They put a lot of the Frontlines on PBS.org WCGreen Jan 2013 #13

Chillax. It's on line for free. TalkingDog Jan 2013 #44

Thank you! Squinch Jan 2013 #15

I'd watch but it will just piss me off. UnrepentantLiberal Jan 2013 #16

Thanks for the reminder! nt octoberlib Jan 2013 #18

Sweet. Ruby the Liberal Jan 2013 #20

Must-see TV for me! n/t tilsammans Jan 2013 #21

Well, that was fun. WorseBeforeBetter Jan 2013 #22

What's this Angelo Mozilo guy doing today? reformist2 Jan 2013 #23

Lanny Breuer is correct. Proving "criminal intent" was not possible. banned from Kos Jan 2013 #24

What? Subpoena that Countrywide supervisor's supervisor. Then his supervisor. Get them to talk. reformist2 Jan 2013 #25

Countrywide is not "Wall Street" - they were a California mortgage originator. banned from Kos Jan 2013 #28

Wall Street didn't originate any these crappy loans... sleazy outfits like Countrywide did. reformist2 Jan 2013 #29

I agree. Ameritrade, Indymac, Countrywide were on all the boxes they showed. banned from Kos Jan 2013 #30

Should have discussed this in more detail, elleng Jan 2013 #27

Yeah! Only 800+ greedy S&L mutherfuckers went to jail. WorseBeforeBetter Jan 2013 #32

The bursting of the housing bubble was manufactured by all of us. banned from Kos Jan 2013 #33

This message was self-deleted by its author snot Jan 2013 #36

DAMN! Failed to discuss necessary element of fraud, elleng Jan 2013 #26

Yes, Frontline avoided the nitty-gritty legal definitions. banned from Kos Jan 2013 #31

And John Q. Public has trouble following it. Lady Freedom Returns Jan 2013 #35

Having a bozo with the CEO title is their best defense Warpy Jan 2013 #34

This message was self-deleted by its author snot Jan 2013 #37

Kick & Rec. There should be re-run on your local PBS station for those who missed it. apocalypsehow Jan 2013 #38

The worst is, this apparently focusses on the least of the problem(s). snot Jan 2013 #39

PS: If any of those involved in the debacle were in fact as clueless as claimed, snot Jan 2013 #40

I believe the show is available online at the following: RickFromMN Jan 2013 #41

Campaign Contributions Purplehazed Jan 2013 #42

Them: Too Big To Jail. blkmusclmachine Jan 2013 #43

There can be only one acceptable reason....... Rain Mcloud Jan 2013 #46