12-06-2011, 08:46 AM
Join Date: May 2005
Location: Chantilly, VA
Total Cats: 1,365
okay so I'm three minutes in and I have issues:
1. Who's looking through recycle bins?
2. Did she not take proof? Words mean nothing in court.
3. Isn't this not the policies of the HUD--the give loans to those who cannot qualify?
4. How does she know this happened all over the place?
7:00 in. Still haven't learned a damn thing, or seen one shred of evidence.
12:00min in and they finally say she was in charge of investigating fraud!
okay. finished with the countrywide stuff. Didn't shed any light on any situation. We have a chick that got paid millions for a wrongful termination suit and another lawsuit where they suggest something about some exec. This is not Woodward and Bernstein reporting.
Anyways, countrywide failed as a company for, supossedly, illegally giving out loans to those who don't qualify for them. This is 4 years late. Anyways, in 2008 the Real Estate industry spent $83,587,061 in lobbying efforts, so why would they get prosecuted?
So Citigroup screwed it's customers by buying toxic loans. I don't see what's illegal?
They also gave:
Obama, Barack (D-IL) Senate $736,771
Clinton, Hillary (D-NY) Senate $441,317
McCain, John (R-AZ) Senate $338,202
Romney, Mitt (R) Pres $178,450
Giuliani, Rudolph W (R) Pres $167,450
Dodd, Chris (D-CT) Senate $155,994
ultimately spending over 5 million in contributions in 2008.
In turn, they got back 45 billion dollars in free loans from the Fed...
Who rewarded the bad behavior? Because the gov't made 12.3 billion dollars in profit from the loan to Citigroup. I don't think they have any inclination to prosecute them.
But, I still don't see where Citigroup did anything illegal worth prosecuting, while they screwed over stockholders doing shady business; that's your own damn risk investing in any company.
Last edited by Braineack; 12-06-2011 at 09:32 AM.