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View Diary: The Real SOTU: The White House Subverting the Rule of Law (36 comments)

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  •  Prosecute the borrowers for lying (NINJA) as (0+ / 0-)

    well then.  They signed off on false income statements.

    "The way to see by faith is to shut the eye of reason." - Thomas Paine

    by shrike on Wed Feb 13, 2013 at 07:53:02 PM PST

    •  Stated as elegantly as (4+ / 0-)
      Recommended by:
      priceman, PhilJD, triv33, gooderservice

      Michele Bachmann.  Seriously, did you expect to drop that turd and not get mocked?

    •  Sounds like the kind of War on Drugs policy... (2+ / 0-)
      Recommended by:
      priceman, gooderservice

      meant to look good without changing the political situation. Human beings get SWAT teams and huge teams of prosecutors sent after them while corporations and their leaders will get meetings with the SEC to arrange for shareholders to suck up the inconsequential fine.

      "The Democratic Party is not our friend: it is the only party we can negotiate with."

      by 2020adam on Wed Feb 13, 2013 at 09:17:30 PM PST

      [ Parent ]

    •  Can haz illegal banksters now? (1+ / 0-)
      Recommended by:
      priceman

      They're the one who broke the laws.  Go back to the pages of "Miss Lonelyhearts" where you belong.

      "Things fall apart; the centre cannot hold...The best lack all conviction, while the worst Are full of passionate intensity" -W.B. Yeats

      by LucyandByron on Wed Feb 13, 2013 at 10:09:11 PM PST

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    •  No. 80% were coerced into it as the FBI said (4+ / 0-)
      Recommended by:
      TheMomCat, BradyB, triv33, gooderservice

      Borrowers were told it didn't matter because they were the experts and Greenspan was a God. Borrowers were told they didn't have to read their mortgage(they couldn't understand it anyway) and to just sign while only given the teaser rate which would go up later.

      They were told that housing prices would rise forever in their new home which was was something they could continually cash out on making up for their NINJA status. The risks were not explained to them; of course it wasn't a risk for the banks working with the mortgage broker industry which would get bailed out; only for the borrowers now underwater.

      It's not surprising that you would make this RW argument though. Next I'll probably hear about Fannie and Freddie caused the crisis. We know that people are not that important to you and this is all a game to you though; a fun game of finance baseball with collectible cards. It's not a game though but your false equivalency shows how little you think of victims of mortgage fraud.

      I do applaud you for admitting you don't care though even though it's been obvious for awhile.

      I don't negotiate grand bargains with deficit terrorists!

      by priceman on Thu Feb 14, 2013 at 12:51:46 AM PST

      [ Parent ]

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