http://www.omaha.com/article/20100924/MONEY/709249917
Well Warren, I suppose "WE" would get over it, if companies like yours (Wells Fargo) weren't benefiting from all those necessary measures that the government is plying, and that the "Taxpayer" is responsible for paying back.
You see it as a recession Warren, just a little setback for the timing of your game plans, but the average American views it as a depression, with little or no hope at all of climbing back out of.
Warren why don't you help alay America's fears and give all your worldly gain to help pay off the National Debt?
Maybe then the country could start to "Get over it"
Taxpayer anger against President Barack Obama and Congress is counterproductive because policy makers took measures including deficit spending to stimulate the economy, billionaire investor Warren Buffett told CNBC.
“Sentiment has turned very sour in the last three or four or five months,” the chairman and CEO of Omaha-based Berkshire Hathaway Inc. said in an interview broadcast Thursday.
“I hope we get over it pretty soon, because it’s not productive,’’ Buffett said. “We will come back regardless of how people feel about Washington, but it is not helpful to have people as unhappy as they are about what’s going on in Washington.”
Showing posts with label Washinton Mutual. Show all posts
Showing posts with label Washinton Mutual. Show all posts
Friday, September 24, 2010
Tuesday, April 13, 2010
It took the Senate three years
http://market-ticker.denninger.net/archives/2189-Gee,-It-Took-The-Senate-THREE-YEARS-WaMu.html
Yeah it took them three years Karl, they were hoping that people would forget about it. Why you ask? Because the WHOLE god damned financial system and every bank that plays in it, books look just like Washington Mutual's.
Now that's a lot of WHITE COLLAR crime Karl, and we probably don't have enough federal penal institutions to house them all.
So Congress with all of their brilliance prefers to sweep it under the rug, because god forbid that they should look to deeply and actually have to prosecute their own meal tickets. It's just not the political way. Lobbyists of the banks are forking over BIG BUCKS to make sure that there is NO finacial reform to speak of, so that business goes on as usual.
In a pair of articles that outline exactly how outrageously corrupt our government's so-called "regulators" really are, The WSJ points to the Senate investigation on Washington Mutual:
WASHINGTON–Officials at the failed banking operations of Washington Mutual Inc. securitized substantial volumes of risky, fraudulent loans in the run-up to the financial meltdown despite repeated internal warning signs, according to a Senate probe.
Got that? Not just dangerous loans, fraudulent loans.
The subcommittee has obtained documents showing that "at a critical point Washington Mutual included loans in its securities because they were likely to suffer a high rate of default, and they failed to disclose that to the buyers," Sen. Levin said. "They also allowed loans that had been identified as fraudulent to be sold to buyers, again without alerting buyers when the fraud was discovered."
Got that again? The bank intentionally included defective loans in securities it sold to investors.
Yeah it took them three years Karl, they were hoping that people would forget about it. Why you ask? Because the WHOLE god damned financial system and every bank that plays in it, books look just like Washington Mutual's.
Now that's a lot of WHITE COLLAR crime Karl, and we probably don't have enough federal penal institutions to house them all.
So Congress with all of their brilliance prefers to sweep it under the rug, because god forbid that they should look to deeply and actually have to prosecute their own meal tickets. It's just not the political way. Lobbyists of the banks are forking over BIG BUCKS to make sure that there is NO finacial reform to speak of, so that business goes on as usual.
In a pair of articles that outline exactly how outrageously corrupt our government's so-called "regulators" really are, The WSJ points to the Senate investigation on Washington Mutual:
WASHINGTON–Officials at the failed banking operations of Washington Mutual Inc. securitized substantial volumes of risky, fraudulent loans in the run-up to the financial meltdown despite repeated internal warning signs, according to a Senate probe.
Got that? Not just dangerous loans, fraudulent loans.
The subcommittee has obtained documents showing that "at a critical point Washington Mutual included loans in its securities because they were likely to suffer a high rate of default, and they failed to disclose that to the buyers," Sen. Levin said. "They also allowed loans that had been identified as fraudulent to be sold to buyers, again without alerting buyers when the fraud was discovered."
Got that again? The bank intentionally included defective loans in securities it sold to investors.
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