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| | Page 1, 2 | Did Bank of America write the Dodd bailout bill?
| Omega 
Total Unequivocal Bad Fuckin' News
User ID: 340280
6/22/2008 5:35 PM
Report abusive post | Did Bank of America write the Dodd bailout bill?
| Quote |
Check this. More info to follow. Remember that BOA is on the hook for 300 billion in shit Countrywide loans they will inherit July first when BOA completes the buyout of Countrywide. Go to the link for the National Review story as well as a link to the BOA pdf.
[link to latimesblogs.latimes.com]
Did Bank of America write the Dodd bailout bill?
Those following the progress of the Dodd-Shelby mortgage rescue plan in the Senate might want to check out two solid pieces of enterprising reporting on the bill this weekend.
First, the Examiner's Tim Carney reports that the bailout section of the Dodd-Shelby bill is, in the words a lobbyist, "exactly what Bank of America and Countrywide wanted."
Is there a connection between Bank of America and Sen. Christopher J. Dodd (D-Conn.)? There is. Carney: "Bank of America's political action committee (PAC) has donated $20,000 to Dodd since he became chairman of the banking panel 17 months ago. From January 2007 to March 2008, Bank of America employees have donated at least $50,400 to Dodd's campaigns, according to the Center for Responsive Politics."
National Review's the Corner follows up, citing an internal Bank of America document:
"National Review Online has obtained an internal Bank of America "discussion document" (PDF here) on the subject of the FHA Housing Stabilization and Homeownership Retention Act of 2008, a.k.a. the Dodd-Shelby mortgage-lender bailout bill .... This discussion document (dated March 11, 2008) would appear to support the contention that BofA essentially wrote the bailout section of the bill."
Faithful readers of the blog will remember that Bank of America has been pushing hard for a big federal intervention for months. This was from a New York Times story on BofA's lobbying efforts back in February: "Bank of America suggested creating a Federal Homeowner Preservation Corporation that would buy up billions of dollars in troubled mortgages at a deep discount, forgive debt above the current market value of the homes and use federal loan guarantees to refinance the borrowers at lower rates. 'We believe that any intervention by the federal government will be acceptable only if it is not perceived as a bailout of the bond market,' the financial institution noted. In practice, taxpayers would almost certainly view such a move as a bailout."
Yahoo IM omega375hh |
| Omega
Total Unequivocal Bad Fuckin' News
User ID: 340280
6/22/2008 5:38 PM
| | Re: Did Bank of America write the Dodd bailout bill? | Quote |
A nice rant from Denninger at the tickertape forum over this.
[link to market-ticker.denninger.net]
I'm not even sure where to start with this.
National Review Online has broken a story in which they state:
"National Review Online has obtained an internal Bank of America "discussion document" (pdf here) on the subject of the FHA Housing Stabilization and Homeownership Retention Act of 2008, a.k.a. the Dodd-Shelby mortgage-lender bailout bill.
Yesterday, Tim Carney reported that the prevailing sentiment on Capitol Hill is that the Dodd-Shelby bill "is exactly what Bank of America and Countrywide wanted." BofA is in the process of acquiring Countrywide. Countrywide is currently embroiled in a scandal over its V.I.P. program, under which several powerful politicians, including Sen. Chris Dodd, got preferential loan rates.
This discussion document (dated March 11, 2008) would appear to support the contention that BofA essentially wrote the bailout section of the bill. Almost all of BofA's preferences are mirrored in the Dodd-Shelby legislation. The BofA document even offers PR tips, such as "We believe that any intervention by the federal government will be acceptable only if it is not perceived as a bail-out of the bond market."
This is an outrage. Senator Dodd was discovered to have gotten a "special" mortgage from Countrywide Financial (they are being "acquired" by BofA) as I wrote about in "Where's the FBI". Senators and Reps have since declined to do anything more than allow an "ethics investigation" to take place.
Now we find out that it appear that Bank Of America wrote the damn bill that he and Shelby introduced!
Now why is this important? Because it stinks to high hell, that's why. And more importantly, if you read that linked document closely you will find that GNMA, otherwise known as "Ginnie Mae", should be the issuer of the bailed out loans.
This is an absolute ticking nuclear weapon folks.
You are about to get robbed to the tune of $300 billion dollars. Ginnie Mae is the ONLY issuer that has an EXPLICIT government backstop. That is, if this plan fails you will be be on the hook for every penny of defaulted loan as a taxpayer.
Now I do not know if the actual final bill that will come out and be sent to the President (who has said he'll veto it, by the way) will contain the GNMA underwriting or not.
But for Bank of America to "propose" that the government step in and rewrite, then guarantee hundreds of billions of dollars of retained mortgages that Countrywide Financial (and others) have on its books, while they are supposedly "buying" Countrywide Financial, is an absolute outrage.
This is corporate welfare at its worst - Countrywide is being investigated by virtually every 3-letter agency of the government that exists for the possibility of violating both civil and criminal law, and now Bank Of America, who agreed to buy them around the turn of the year, three months later essentially writes a bill that would remove some of the risk that they are buying something that has more liabilities than assets by shifting a good part of those liabilities to the taxpayer?!
If we the people allow this bill to pass, even if it is vetoed, it appears that there is a veto-proof majority in Congress and the veto will get overridden. That is, we must stop this in Congress and we must stop it NOW.
Mark my words folks. If you do not pass this Ticker around to everyone you know on Monday, and manage to get the Capitol Hill switchboard flooded with calls and faxes demanding that this bill be killed, you will get billed for the entirety of the housing bailout. All of it.
Lenders will receive a windfall in that their potential losses in the bad paper on their books will be transferred to you.
This will be only the first. Using this bill as a template Fannie and Freddie will be next. The mortgage insurers are drowning, with one of them being forced into runoff this last week. The others will likely follow. If and when they fail, Fannie and Freddie's credit book will be forced to trade on its underlying credit quality - that is, it will be exposed as toilet paper and full of fraudulently-sold loans (to them) that contain material misrepresentations as to the credit quality of the property and/or borrower.
This bill will then be extended to cover those losses.
How much loss will you, the taxpayer, eat?
As I have said, my total estimated loss in this party is going to be between $2.5 and $3 trillion dollars, which is roughly equal to one third of the entire public debt of the United States.
That's right folks, Bank Of America's "proposal", which will become law unless you stand up and stop it right now, will ultimately end up costing you, the taxpayer, $3 trillion dollars, and $300 billion of that cost is contained in the bill "as written."
To fund that treasury bonds and bills will have to be issued, and that will drive borrowing costs much higher.
If there was ever a time that you HAD to get off your butt to save yourself, this is it. Congress must hear not only from you today and Monday, but from every one of your friends, and they must tell their friends.
I'm not even sure where to start with this.
National Review Online has broken a story in which they state:
"National Review Online has obtained an internal Bank of America "discussion document" (pdf here) on the subject of the FHA Housing Stabilization and Homeownership Retention Act of 2008, a.k.a. the Dodd-Shelby mortgage-lender bailout bill.
Yesterday, Tim Carney reported that the prevailing sentiment on Capitol Hill is that the Dodd-Shelby bill "is exactly what Bank of America and Countrywide wanted." BofA is in the process of acquiring Countrywide. Countrywide is currently embroiled in a scandal over its V.I.P. program, under which several powerful politicians, including Sen. Chris Dodd, got preferential loan rates.
This discussion document (dated March 11, 2008) would appear to support the contention that BofA essentially wrote the bailout section of the bill. Almost all of BofA's preferences are mirrored in the Dodd-Shelby legislation. The BofA document even offers PR tips, such as "We believe that any intervention by the federal government will be acceptable only if it is not perceived as a bail-out of the bond market."
This is an outrage. Senator Dodd was discovered to have gotten a "special" mortgage from Countrywide Financial (they are being "acquired" by BofA) as I wrote about in "Where's the FBI". Senators and Reps have since declined to do anything more than allow an "ethics investigation" to take place.
Now we find out that it appear that Bank Of America wrote the damn bill that he and Shelby introduced!
Now why is this important? Because it stinks to high hell, that's why. And more importantly, if you read that linked document closely you will find that GNMA, otherwise known as "Ginnie Mae", should be the issuer of the bailed out loans.
This is an absolute ticking nuclear weapon folks.
You are about to get robbed to the tune of $300 billion dollars. Ginnie Mae is the ONLY issuer that has an EXPLICIT government backstop. That is, if this plan fails you will be be on the hook for every penny of defaulted loan as a taxpayer.
Now I do not know if the actual final bill that will come out and be sent to the President (who has said he'll veto it, by the way) will contain the GNMA underwriting or not.
But for Bank of America to "propose" that the government step in and rewrite, then guarantee hundreds of billions of dollars of retained mortgages that Countrywide Financial (and others) have on its books, while they are supposedly "buying" Countrywide Financial, is an absolute outrage.
This is corporate welfare at its worst - Countrywide is being investigated by virtually every 3-letter agency of the government that exists for the possibility of violating both civil and criminal law, and now Bank Of America, who agreed to buy them around the turn of the year, three months later essentially writes a bill that would remove some of the risk that they are buying something that has more liabilities than assets by shifting a good part of those liabilities to the taxpayer?!
If we the people allow this bill to pass, even if it is vetoed, it appears that there is a veto-proof majority in Congress and the veto will get overridden. That is, we must stop this in Congress and we must stop it NOW.
Mark my words folks. If you do not pass this Ticker around to everyone you know on Monday, and manage to get the Capitol Hill switchboard flooded with calls and faxes demanding that this bill be killed, you will get billed for the entirety of the housing bailout. All of it.
Lenders will receive a windfall in that their potential losses in the bad paper on their books will be transferred to you.
This will be only the first. Using this bill as a template Fannie and Freddie will be next. The mortgage insurers are drowning, with one of them being forced into runoff this last week. The others will likely follow. If and when they fail, Fannie and Freddie's credit book will be forced to trade on its underlying credit quality - that is, it will be exposed as toilet paper and full of fraudulently-sold loans (to them) that contain material misrepresentations as to the credit quality of the property and/or borrower.
This bill will then be extended to cover those losses.
How much loss will you, the taxpayer, eat?
As I have said, my total estimated loss in this party is going to be between $2.5 and $3 trillion dollars, which is roughly equal to one third of the entire public debt of the United States.
That's right folks, Bank Of America's "proposal", which will become law unless you stand up and stop it right now, will ultimately end up costing you, the taxpayer, $3 trillion dollars, and $300 billion of that cost is contained in the bill "as written."
To fund that treasury bonds and bills will have to be issued, and that will drive borrowing costs much higher.
If there was ever a time that you HAD to get off your butt to save yourself, this is it. Congress must hear not only from you today and Monday, but from every one of your friends, and they must tell their friends.
Yahoo IM omega375hh |
| Omega
Total Unequivocal Bad Fuckin' News
User ID: 340280
6/22/2008 5:41 PM
| | Re: Did Bank of America write the Dodd bailout bill? | Quote |
Ouch-might wanna put some ice on that-thats gonna leave a mark.
Naw what should happen is the asshole needs to be tried and HUNG BY THE NECK UNTIL DEAD.
[link to www.opensecrets.org]
Top Contributors
Christopher J. Dodd 2003 - 2008
Election Cycle:
Total of individual contribution records: $11,715,978. To search these 9820 contributions for this member, click here.
Contributor Total
SAC Capital Partners $322,100
Citigroup Inc $316,294
United Technologies $268,800
American International Group $214,678
Bear Stearns $205,100
Royal Bank of Scotland $186,150
Goldman Sachs $176,600
Morgan Stanley $155,000
Credit Suisse Group $154,550
Merrill Lynch $141,650
JPMorgan Chase & Co $130,850
Lehman Brothers $117,300
National Westminster Bank $114,800
KPMG LLP $114,300
Travelers Companies $111,900
Deloitte Touche Tohmatsu $108,000
General Electric $107,250
St Paul Travelers Companies $107,100
Hartford Financial Services $103,500
The Hartford $97,450
Yahoo IM omega375hh |
| Omega
Total Unequivocal Bad Fuckin' News
User ID: 340280
6/22/2008 5:49 PM
| | Re: Did Bank of America write the Dodd bailout bill? | Quote |
MR Mortgage is all over the issue.
[link to mrmortgage.ml-implode.com]
ML-Implode - News - Forum - Contact me! - Search - Advertise
BofA, Perhaps Countrywide Wrote Dodd-Shelby Bailout - THIS NEWS MUST GET OUT THERE!
Posted on June 21st, 2008 in Uncategorized
None of us really believed that Dodd could come up with anything close to this. Just go through transcripts or videos and look at the language and terminology he used just a few months back when referring to the subprime and credit meltdown. Think back to the left-field, irrelevent questions he asked at hearings when he could have made a difference by asking the right questions and getting information out. I have always wondered who was behind it all. Now we know what $70k in contributions, which is what BofA has given Dodd in the past 18-months, will buy. Only Hillary and Obama have received more from BofA.
This $300 billion Dodd-Shelby bailout is an absolute crime. It bails out the banks by limiting their loss to 10%; a joke since many of the problem areas like CA are down as much as 30% already on the median in the past 12-months and the rate of acceleration of the price declines are picking up steam. The subprime crisis is nearly over and now Prime, Alt-A, Pay Option ARMs and Home Equity Lines/Loans are failing. If they get this $300 billion passed, another $1 trillion+ will have to come on its heels for all of the other bailouts.
This needs to be fought and/or vetoed or it’s potentially $300 billion of taxpayer money down the toilet. Bernanke already cost global citizens enough by ratcheting down rates the most in the shortest amount of time in history, sparking a massive inflation wave in order to save the very investment banks who started all of this in the first place. Now, unless we all do something and get this story out there, another $300 billion will go up in smoke.
The National Review Online has obtained an internal 64 page document on Bank of America letterhead dated March 11th that matches the Dodd-Shelby Bill almost identically (see below).
First, we find out that Dodd is a Countrywide “insider” who claimed ignorance over being given special considerations saving him $75k over the life of his loan and is so ignorant he didn’t read his loan papers. Now, we find out that BofA, who is supposed to be closing on their Countrywide purchase in the next few months, wrote the Bill for him.
If this Bill passes, BofA’s Countrywide buyout is much more palatable and the $60+ billion in toxic loans are mostly covered by the taxpayers. This stinks to high-heaven. its no wonder why BofA is so comfortable closing the CFC deal, which with will cost them at least $40 billion when considering the value of theie toxic assets (loans) vs massive debt. I actually did a post on it, if you are so inclined.
Even more disturbing, in the BofA draft it proposes than Ginnie Mae gives an explicit guaranty on the loans. I wonder if you read the fine print of the Dodd-Shelby Bill if it is in there somewhere but has just has not been publicized?
This just in, found by a TickerForum memeber… www.FreedomWorks.org says that “Senate Housing Bill Requires eBay, Amazon, Google, and all Credit Card companies to Report Transactions to the Government”.
“Washington, DC - Hidden deep in Senator Christopher Dodd’s 630-page Senate housing legislation is a sweeping provision that affects the privacy and operation of nearly all of America’s small businesses. The provision, which was added by the bill’s managers without debate this week, would require the nation’s payment systems to track, aggregate, and report information on nearly every electronic transaction to the federal government.
FreedomWorks Chairman Dick Armey commented: “This is a provision with astonishing reach, and it was slipped into the bill just this week. Not only does it affect nearly every credit card transaction in America, such as Visa, MasterCard, Discover, and American Express, but the bill specifically targets payment systems like eBay’s PayPal, Amazon, and Google Checkout that are used by many small online businesses. The privacy implications for America’s small businesses are breathtaking.”
National Review Online story and link to document below. -Best Mr Mortgage
NRO Doc Drop: BofA-Scripted Bank Bailout Looks Awfully Similar to Dodd-Drafted Housing Bill [Stephen Spruiell]
National Review Onlinehas obtained an internal Bank of America “discussion document” (pdf here) on the subject of the FHA Housing Stabilization and Homeownership Retention Act of 2008, a.k.a. the Dodd-Shelby mortgage-lender bailout bill.
Yesterday, Tim Carney reportedthat the prevailing sentiment on Capitol Hill is that the Dodd-Shelby bill “is exactly what Bank of America and Countrywide wanted.” BofA is in the process of acquiring Countrywide. Countrywide is currently embroiled in a scandal over its V.I.P. program, under which several powerful politicians, including Sen. Chris Dodd, got preferential loan rates.
This discussion document (dated March 11, 2008) would appear to support the contention that BofA essentially wrote the bailout section of the bill. Almost all of BofA’s preferences are mirrored in the Dodd-Shelby legislation. The BofA document even offers PR tips, such as “We believe that any intervention by the federal government will be acceptable only if it is not perceived as a bail-out of the bond market.”
The president has threatened to veto Dodd-Shelby because it would “unfairly benefit lenders who made bad loans.” The Senate will resume debating the bill on Monday.
The BofA doc is worth posting here for a couple of reasons: First, the similarities between BofA’s ideal bill and the bill before the Senate are obvious even to the layperson — read the document, then read David C. John’s analysis of the bailout and see for yourself.
Second, we’d invite our readers with some expertise in this area to look over the document for things we might have missed. Opponents of the bailout are lucky that a few tenacious Republicans (Kit Bond, DeMint et al) were able to hold up the bill and keep it from passing as quickly as expected. The fight resumes next week, so take a look at this document and keep digging.
Yahoo IM omega375hh |
| Doom Trooper
User ID: 440344
6/22/2008 5:59 PM
 | | Re: Did Bank of America write the Dodd bailout bill? | Quote |
i could be wrong ,but this "bailout"sounds more like a contributing act of sabotage to our economy..
To fight evil, you must wear the mask of evil..Sometimes that mask is hard to take off... |
| Omega
Total Unequivocal Bad Fuckin' News
User ID: 340280
6/22/2008 6:21 PM
| | Re: Did Bank of America write the Dodd bailout bill? | Quote |
A refresher. Starting to get the picture????
Sen. Dodd Tied To Special Countrywide Loans
CBS News Timeline: Credit Crunch
WASHINGTON (AP) ― Senate Banking Committee Chairman Christopher Dodd reportedly received two mortgages under a special Countrywide Financial Corp. program that gave preferential interest rates to "friends" of the company's chairman.
A spokesman for Dodd, D-Conn., said Friday that the senator did not seek any special treatment.
"The Dodds received a competitive rate on their loans," spokesman Bryan DeAngelis said in a statement. "They did not seek or anticipate any special treatment and they were not aware of any."
The news of the loans comes as Dodd, who ran an unsuccessful campaign for the 2008 Democratic presidential nomination, is playing a high-profile role seeking to ease the nation's housing foreclosure crisis.
Conde Nast Portfolio magazine first reported Dodd's participation in a special program that awarded preferential rates to people considered "friends" of the company's chairman and chief executive, Angelo Mozilo.
Portfolio reported that Countrywide made two loans at special rates to Dodd in 2003. One was a $503,000 loan to refinance a Washington townhouse. The second was for refinancing a loan on a home in East Haddam, Conn.
Countrywide waived three-eighths of a point, or about $2,000, on the townhouse loan, and one-fourth of a point, about $700, on the second, according to internal documents cited by Portfolio. Both loans were for 30 years, with the first five years at a fixed rate.
The magazine said other participants in the company's "V.I.P." program included Sen. Kent Conrad, D-N.D., chairman of the Budget Committee and a member of the Finance Committee, former Secretary of Housing and Urban Development Alphonso Jackson, former Secretary of Health and Human Services Donna Shalala, and former U.N. ambassador and assistant Secretary of State Richard Holbrooke.
Portfolio said that according to company documents and e-mails, the participants got deals that were better than those available to ordinary borrowers
Fannie Mae's former CEO, Jim Johnson, resigned Wednesday as the leader of likely Democratic presidential nominee Barack Obama's search for a running mate after The Wall Street Journal reported that he and another former CEO, Franklin Raines, received low-rate home loans from Countrywide, a large originator of higher-risk subprimes mortgages and a major seller of home loans to Fannie Mae.
(© 2008 The Associated Press. All Rights Reserved.
Yahoo IM omega375hh |
| fnord
User ID: 448165
6/22/2008 6:25 PM | | Re: Did Bank of America write the Dodd bailout bill? | Quote |
Isn't this the bill that has wording requiring credit card transactions of all Americans to be sent to the government? |
| Omega
Total Unequivocal Bad Fuckin' News
User ID: 340280
6/22/2008 6:26 PM
| | Re: Did Bank of America write the Dodd bailout bill? | Quote |
Isn't this the bill that has wording requiring credit card transactions of all Americans to be sent to the government? Quoting: fnord 448165
Correct. As a rider.
Yahoo IM omega375hh |
| Doom Trooper
User ID: 440344
6/22/2008 6:33 PM
| | Re: Did Bank of America write the Dodd bailout bill? | Quote |
Isn't this the bill that has wording requiring credit card transactions of all Americans to be sent to the government? Quoting: fnord 448165
To fight evil, you must wear the mask of evil..Sometimes that mask is hard to take off... |
| Anonymous Coward
User ID: 283256
6/22/2008 8:00 PM | | Re: Did Bank of America write the Dodd bailout bill? | Quote |
Really? You didn't know that our politicians are so stupid that they have industry leaders write the bills for them and simply tell them what the government's 'take' will be from it? Where have you been the last 20 years. The only thing these slick as weasel whores can write are riders and other pork related items that are so blatantly frivilous that they have to be snuck into larger important bills on the hopes no on will notice. Thank Sen. Gramm's wife for the 'Enron loophole' still being in effect and directly contributing to the energy/food bubbles. YOUR government in action folks. Aren't you tired of all the bullshit yet? |
| paladin 
Forum Moderator
User ID: 444468
6/22/2008 8:03 PM
 | | Re: Did Bank of America write the Dodd bailout bill? | Quote |
hey Omega.
yes this spells it out....
this is the truth.....heads up... |
| paladin
Forum Moderator
User ID: 444468
6/22/2008 8:05 PM
| | Re: Did Bank of America write the Dodd bailout bill? | Quote |
13,760.13 - 181.95
out of the starting gate....japan market down.....LOL |
| Omega
Total Unequivocal Bad Fuckin' News
User ID: 340280
6/22/2008 8:06 PM
| | Re: Did Bank of America write the Dodd bailout bill? | Quote |
hey Omega.
yes this spells it out....
this is the truth.....heads up... Quoting: paladin
Thanks man- glad you are on it.....
Yahoo IM omega375hh |
| paladin
Forum Moderator
User ID: 444468
6/22/2008 8:11 PM
| | Re: Did Bank of America write the Dodd bailout bill? | Quote |
hey Omega.
yes this spells it out....
this is the truth.....heads up...
Thanks man- glad you are on it..... Quoting: Omega
are you kidding me.....this is huge news..
paladin |
| Omega
Total Unequivocal Bad Fuckin' News
User ID: 340280
6/22/2008 8:21 PM
| | Re: Did Bank of America write the Dodd bailout bill? | Quote |
hey Omega.
yes this spells it out....
this is the truth.....heads up...
Thanks man- glad you are on it.....
are you kidding me.....this is huge news..
paladin Quoting: paladin
Yup, the question is, now that the cat is outta the bag-can we (they actually) stop it?
I would think those voting on it would want to dis-associate themselves from this obvious...criminal fiasco.
The FBI is actively investigating Countrywide. They should expand their investigation.
The FBI should be all over this.
Yahoo IM omega375hh |
| Anonymous Coward
User ID: 379391
6/22/2008 8:22 PM | | Re: Did Bank of America write the Dodd bailout bill? | Quote |
nice catch OMEGA...i've noticed you have been posting some great stuff...without the bs
kudos |
| Anonymous Coward
User ID: 379391
6/22/2008 8:22 PM | | Re: Did Bank of America write the Dodd bailout bill? | Quote |
nice catch OMEGA...i've noticed you have been posting some great stuff...without the bs
kudos |
| Omega
Total Unequivocal Bad Fuckin' News
User ID: 340280
6/22/2008 8:31 PM
| | Re: Did Bank of America write the Dodd bailout bill? | Quote |
Gee, are US banks, Investment and Regional, having a problem??? You decide.
:bixdoom: :19bank600:
Yahoo IM omega375hh |
| Irdooomed
User ID: 456507
6/22/2008 9:15 PM | | Re: Did Bank of America write the Dodd bailout bill? | Quote |
I have one question.
Is there another solution to the housing meltdown, other than taxpayers munching down on that toxic hoagie?
If America had more resources, they could cover it up over time, but it'd just get bigger the next time.
I want to be a microbiologist!
He who fishes with actinides goes over the fish limit. 6 days
What runs around yelling "for Allah" and goes bang, a terrorist with a cobalt bomb!
Now that I have Word 2007, no longer will the denizens of the internet see me as illiterate.
You make it sound like it's a bad thing to be a pervert. |
| Wasayo
Astrologer & Psychic
User ID: 412073
6/22/2008 9:45 PM
 | | Re: Did Bank of America write the Dodd bailout bill? | Quote |
Ouch-might wanna put some ice on that-thats gonna leave a mark.
Naw what should happen is the asshole needs to be tried and HUNG BY THE NECK UNTIL DEAD.
[ link to www.opensecrets.org]
Top Contributors
Christopher J. Dodd 2003 - 2008
Election Cycle:
Total of individual contribution records: $11,715,978. To search these 9820 contributions for this member, click here.
Contributor Total
SAC Capital Partners $322,100
Citigroup Inc $316,294
United Technologies $268,800
American International Group $214,678
Bear Stearns $205,100
Royal Bank of Scotland $186,150
Goldman Sachs $176,600
Morgan Stanley $155,000
Credit Suisse Group $154,550
Merrill Lynch $141,650
JPMorgan Chase & Co $130,850
Lehman Brothers $117,300
National Westminster Bank $114,800
KPMG LLP $114,300
Travelers Companies $111,900
Deloitte Touche Tohmatsu $108,000
General Electric $107,250
St Paul Travelers Companies $107,100
Hartford Financial Services $103,500
The Hartford $97,450
Imagine that... a blatant payoff. Sux. Great thread, Omega! Wasayo
"Wealth or poverty depends on the absence or presence of desires, respectively. He who has no desires is rich. He who does not desire anything is sovereign." Maharaj Sawan Singh Ji |
| Chris Dodd
User ID: 455745
6/22/2008 11:20 PM | | Re: Did Bank of America write the Dodd bailout bill? | Quote |
But I am a Democrat, we are for the people. I support Obama. |
| Irdooomed
User ID: 456533
6/23/2008 12:11 AM | | Re: Did Bank of America write the Dodd bailout bill? | Quote |
Unlike this thread, which is pinned!
I want to be a microbiologist!
He who fishes with actinides goes over the fish limit. 6 days
What runs around yelling "for Allah" and goes bang, a terrorist with a cobalt bomb!
Now that I have Word 2007, no longer will the denizens of the internet see me as illiterate.
You make it sound like it's a bad thing to be a pervert. |
| Anonymous Coward
User ID: 421894
6/23/2008 12:33 AM | | Re: Did Bank of America write the Dodd bailout bill? | Quote |
How to get a Washington player in your back pocket and play Corporate Bailout.
Allows follow the money trail......... |
| Anonymous Coward
User ID: 432817
6/23/2008 12:58 AM | | Re: Did Bank of America write the Dodd bailout bill? | Quote |
Unlike this thread, which is pinned! Quoting: Irdooomed
Hey look, the Pepsi generation is here.
Isn't past your bedtime moron? |
| Matrix
User ID: 451583
6/23/2008 1:45 AM | | Re: Did Bank of America write the Dodd bailout bill? | Quote |
With the tax payer on the hook for all these bailouts, it seems the capitalistic system needs to go all communism like to survive. If the tax payer is footing the bill, are they(via the government) shareholders in these deals now, or does the state just write the checks, and then expect the sheople to go guarantor? |
| Jeff DOZ
User ID: 456660
6/23/2008 4:10 AM | | Re: Did Bank of America write the Dodd bailout bill? | Quote |
In typical US Political circles and thinking, they ride in on the votes built from promises made to the people, then work with big corporates, ironically, banks and Gas companies to screw overt he very people that got the promises to vote them in.
Socialism isnt so bad I think. At least they execute their corrupt officials.
JD |
| Anonymous Coward
User ID: 4801
6/23/2008 6:27 AM | | Re: Did Bank of America write the Dodd bailout bill? | Quote |
Time for Mr. Dodd to say bye bye. I liked this man, but he shit in the peoples house. Like an errant dog he needs to have his nose shoved in it and put out of the house!! |
| Anonymous Coward
User ID: 456716
6/23/2008 7:01 AM | | Re: Did Bank of America write the Dodd bailout bill? | Quote |
BOA is owned by the Roman Catholic Church. I found this out in the early 1990's when we did research on a foreclosure in California and saw the main trustee was the Bishop of the San Francisco area |
| Anonymous Coward
User ID: 455684
6/23/2008 7:02 AM | | Re: Did Bank of America write the Dodd bailout bill? | Quote |
The real truth.
The setup is crystal clear to me - devalue stocks of banks and commodities into zero until the crowd that holds them in their 401K etc start selling them like crazy.
Then you buy it for a value of a penny - and voila. |
| Irdooomed
User ID: 456726
6/23/2008 8:19 AM | | Re: Did Bank of America write the Dodd bailout bill? | Quote |
Hey look, the Pepsi generation is here.
Isn't past your bedtime moron? Quoting: Anonymous Coward 432817
You must have missed the post it was about, too bad it was six months too late. No I've still got another half an hour.
I want to be a microbiologist!
He who fishes with actinides goes over the fish limit. 6 days
What runs around yelling "for Allah" and goes bang, a terrorist with a cobalt bomb!
Now that I have Word 2007, no longer will the denizens of the internet see me as illiterate.
You make it sound like it's a bad thing to be a pervert. |
| Anonymous Coward
User ID: 456767
6/23/2008 9:38 AM | | Re: Did Bank of America write the Dodd bailout bill? | Quote |
Why does Denninger get so much credit? He hasnt done that well for himself. Anyone who disagrees with him gets called a moonbat. |
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