Users Online Now: 276 (Who's On?)		Visitors Today: 27,288
Pageviews Today: 63,638	Threads Today: 97	Posts Today: 2,105
04:20 AM

News

Back to Forum

Post New Thread

View Favorites

Page 1, 2

Did Bank of America write the Dodd bailout bill?

RSS

Omega

Total Unequivocal Bad Fuckin' News
User ID: 340280
6/23/2008 9:52 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.

Quoting: Anonymous Coward 456767

Denninger is a deflationist and I certainly don't agree with all he says. On this issue I agree however. Plus he is somewhat of an asshole on his board. But not everyone on his board is a deflationist , and some real smart cats hang there, MR Mortgage among them. His nic is Hedgefundip or something like that......

Yahoo IM omega375hh

Omega

Total Unequivocal Bad Fuckin' News
User ID: 340280
6/23/2008 11:08 AM

Re: Did Bank of America write the Dodd bailout bill?	Quote
Looks like they ALL need a bailout. Stick a fork in it-we are done here. [link to finance.yahoo.com] Yahoo IM omega375hh

Anonymous Coward
User ID: 395520
6/23/2008 11:24 AM

Re: Did Bank of America write the Dodd bailout bill?	Quote
i need a bailout...where's my fuckin money??

Omega

Total Unequivocal Bad Fuckin' News
User ID: 340280
6/23/2008 11:37 AM

Re: Did Bank of America write the Dodd bailout bill?	Quote
This is where Dodd wants to hide the GSE's. Fannie MAE-off 7% so far today. Looks like the insiders know this is a fucking disaster. Check it.... [link to finance.yahoo.com] Yahoo IM omega375hh

Anonymous Coward
User ID: 456767
6/23/2008 2:16 PM

Re: Did Bank of America write the Dodd bailout bill?	Quote
Thank god we are blessed with some of Wall Streets best analysts on this site.

Anonymous Coward
User ID: 165273
6/23/2008 4:43 PM

Re: 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."

Quoting: Omega

Maybee the link is Kathleen Brown

To find the connections create a map starting with
[link to www.nndb.com]
Nice tool for exploring the connections between people in NNDB, linking them together through family relations, corporate boards, movies and TV, political alliances, and shadowy conspiracy groups. Maps can be saved and shared for others to explore.

Anonymous Coward
User ID: 449600
6/23/2008 8:41 PM

Re: Did Bank of America write the Dodd bailout bill?

Quote

If the US tax payer ate another $3 trillion, to bail out these corrupt asshat bankers, no biggy, that's just another $1O,OO0/per man, woman, and child to add to the $30,000/per man, woman, and child we already owe on the national debt...these dickheads are fucked....there's no way they can ever dream of repaying that amount of debt by taxing the average joe....who is struggling to put gas in his car and food on the table with the ramp up of inflation that is killing the economy and the middle class....not to mention how the bailout of all this toxic debt financing of home lending is a plan to reward the lender and the lendee of this mess..while all the responsible people foot the bill for it....ie renters and responsible home buyers....if I didn't have my house bought and paid for, I be defaulting too...and asking for some "aide"....in fact everyone that has a mortgage should default on it and crash their mother fucking asses!!!!

Anonymous Coward
User ID: 352998
6/23/2008 9:12 PM

Re: Did Bank of America write the Dodd bailout bill?	Quote
Hey look, the Pepsi generation is here. Isn't past your bedtime moron? 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. Quoting: Irdooomed sorry, my mistake. as you were.

ShadowDancer
User ID: 287857
6/23/2008 9:41 PM

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.

Quoting: Anonymous Coward 455684

Just like they intend to do to gold

and many will lose their wealth in a contrived flip-and the elitists profiteering at ANY COST will become more laden with stolen goods

disgusting

Anonymous Coward
User ID: 468062
7/15/2008 7:27 PM

Re: Did Bank of America write the Dodd bailout bill?	Quote
So, as of today, looks like this bill is going to pass. Scary shit.

Page 1, 2

Back to Forum

Post New Thread

View Favorites

Vote For Godlike Productions!

Disclaimer:
This website exists for entertainment purposes only. The reader is responsible for discerning the validity, factuality or implications of information posted here, be it fictional or based on real events. Moderators on this forum make every effort to review the material posted on this site however, it is not realistically possible for our small staff to manually review each and every one of the more than 5000 posts GodlikeProductions gets on a daily basis. The content of posts
on this site, including but not limited to links to other web sites, are the expressed opinion of the original poster and are in no way representative of or endorsed by the owners or administration of this website. The posts on this website are the opinion of the specific author and are not statements of advice, opinion, or factual information on behalf of the owner or administration of GodlikeProductions. This site may contain adult content and if you feel you might be offended by such content, you should log off immediately.

Not all posts on this website are intended as truthful or factual assertion by their authors. Some users of this website are participating in internet role playing, with or without the use of an avatar. NO post on this website should be considered factual information on face value alone. Users are encouraged to USE DISCERNMENT and do their own follow up research while reading and posting on this website. Godlikeproductions.com reserves the right to make changes to, corrections and/or remove entirely at any time posts made on this website without notice. In addition, Godlikeproductions.com disclaims any and all liability for damages incurred directly or indirectly as a result of a post on this website.

This site is provided "as is" without warranty of any kind, either expressed or implied. You should not assume that this site is error-free or that it will be suitable for the particular purpose which you have in mind when using it. In no event shall Godlikeproductions.com be liable for any special, incidental, indirect or consequential damages of any kind, or any damages whatsoever, including, without limitation, those resulting from loss of use, data or profits, whether or not advised of the possibility of damage, and on any theory of liability, arising out of or in connection with the use or performance of this site or other documents which are referenced by or linked to this site.

Some events depicted in certain posting and threads on this website may be fictitious and any similarity to any person living or dead is merely coincidental. Some other articles may be based on actual events but which in certain cases incidents, characters and timelines have been changed for dramatic purposes. Certain characters may be composites, or entirely fictitious.

We do not discriminate against the mentally ill!

Fair Use Notice:
This site may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. Users may make such material available in an effort to advance awareness and understanding of issues relating to civil rights, economics, individual rights, international affairs, liberty, science & technology, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C.Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.
For more information please visit:
http://www.law.cornell.edu/uscode/17/107.shtml

This Disclaimer is subject to change at anytime.

Mail Webmaster with questions or comments about this site.

Page generated in 0.222s (6 queries)