Where's The FBI? (Weekend of 6/14) - EDITED [Ticker]

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Where's The FBI? (Weekend of 6/14) - EDITED in forum [Ticker]

Genesis
Posts: 71366
Incept: 2007-06-26

KD^2

http://market-ticker.denninger.net/archi....

Edited.

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"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me

Last modified: 2008-06-13 21:48:51 by genesis

2008-06-13 20:50:44
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Ponzi_unit
Posts: 4439
Incept: 2007-09-05

I would rather have an elected official who takes his own money and spends it on hookers than an elected official who takes money from pimps. I'm not sure how to ethically argue the point however.

2008-06-13 21:04:55
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Widgeon
Posts: 6522
Incept: 2007-08-30

I Say - HOLY CRAP !!!!!!!!

I can't write what I'm actually feeling about what these LEECH****S have done ... cause the SS would track me down - even though it would just be monumental rant. OMG - Completely Beyond Reason.

I just want to highlight this one point - among a dozen or so SUPERB ones;

"Is not the truth that they are in fact underwater on their homes and are trying to save their own asses, while not disclosing any of this to you, the public, or recusing themselves from debate and votes on these measures?"

2008-06-13 21:06:46
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Mortgagefreakshow
Posts: 1842
Incept: 2007-06-26

Northern NJ

Are you kidding me? I am ****ing ****ed. (although not at all surprised). Can someone on CNBS confront Dodd with this next time he comes on? What a joke!

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"Someone has to do something, and it's incredibly pathetic it has to be us." Jerry Garcia

2008-06-13 21:06:51
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Idoc
Posts: 136
Incept: 2007-11-12

great post Karl. damn, i am so frustrated with all the corruption that exists in our gubmint today. you so clearly articulate my frustration. i wish your posts could make their way to the front page of the WSJ. what the hell can we do about this crap? not to mention that manipulative pump rally that started around 1:45pm today.

2008-06-13 21:08:18
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Etz3l
Posts: 9102
Incept: 2007-06-26

Senate Rules wrote..

1. (a)(1) No Member, officer, or employee of the Senate shall knowingly accept a gift except as provided in this rule.

(2)(A)A Member, officer, or employee may accept a gift (other than cash or cash equivalent) which the Member, officer, or employee reasonably and in good faith believes to have a value of less than $50, and a cumulative value from one source during a calendar year of less than $100. No gift with a value below $10 shall count toward the $100 annual limit. No formal recordkeeping is required by this paragraph, but a Member, officer, or employee shall make a good faith effort to comply with this paragraph.

(B) A Member, officer, or employee may not knowingly accept a gift from a registered lobbyist, an agent of a foreign principal, or a private entity that retains or employs a registered lobbyist or an agent of a foreign principal, except as provided in subparagraphs (c) and (d).

(b)(1) For the purpose of this rule, the term "gift" means any gratuity, favor, discount, entertainment, hospitality, loan, forbearance, or other item having monetary value. The term includes gifts of services, training, transportation, lodging, and meals, whether provided in kind, by purchase of a ticket, payment in advance, or reimbursement after the expense has been incurred.

http://rules.senate.gov/senaterules/rule....

Tangate?

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Treating the symptoms of financial corruption isn�t the same as removing the causes.

Last modified: 2008-06-13 21:30:30 by etz3l

2008-06-13 21:11:36
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Spiritoftruth
Posts: 570
Incept: 2008-02-25
New England
Suspended

I'm afraid Dodd is toast....silly wabbit!

That was just plain stupid on his part.

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�This is a revolution, damn it! We have to offend somebody!� - John Adams
�All that is necessary for the triumph of evil is for good men to do nothing.� - Edmund Burke
�Even if you are a minority of one, the truth is the truth.� - Mohandas Gandhi
�Whatever is coweree up will be uncovered and every secret will

2008-06-13 21:20:52
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Stormsailor1981
Posts: 8449
Incept: 2007-06-26

it would absolutely thrill me to see more than half of congress removed from office, and all the lobbiest sent to prison. then when a constituent showed up at their congressional reps office they might be listened to and not ignored.

graft and corruption are the norm and not the exception. these people rule our lives, and they act as if they are above all laws and their actions have absolutely no consequence.

2008-06-13 21:23:10
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Jooon_yer
Posts: 839
Incept: 2007-06-26

baba booey

Dugg it -- feel free to digg it if you want to:
http://digg.com/politics/Corruption_by_S....

2008-06-13 21:24:14
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Rad
Posts: 377
Incept: 2007-08-27

The Yoga Mecca

I read that Dodd's mortgage(s) was an ARM. You'd think he would have had the good sense to secure a 30-year fixed mortgage but like J6P no matter how low the payment on a 30-year that was served up at that time the payment wasn't low enough - it had to be lower ARM. Insane.

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2008-06-13 21:32:24
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Jooon_yer
Posts: 839
Incept: 2007-06-26

baba booey

Hmmm ... and this moron is head of the commitee where you'd expect him to understand these things ... what retards ... we have near or all time lows in mortgage rates .... why not lock in a nice 30 yr fixed ... no ... assjack goes for a ARM.

2008-06-13 21:35:02
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Financeguy
Posts: 4945
Incept: 2007-08-10

Charlotte

I bet that nobody in Congress paid market rates or closing costs on thier loans from any company. Not defending CFC- FOA was pretty well known around the firm from what I hear. FOA=friend of Angelo

The neopotism at CFC is unlike anything that I have ever seen from a major company however.....

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"Granted, if you are not into Barbara Streisand and creme brulee, South Beach could be a tad lonely." Eleua

2008-06-13 21:44:43
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Tf_protege
Posts: 1383
Incept: 2008-04-17
Moonbat Cowboy

Someone needs to take these LeechF**ks down.. Good write up KD..

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http://studenthome.nku.edu/~russelljo/flash/dudefalling.swf

2008-06-13 22:08:36
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Cash-out
Posts: 2343
Incept: 2007-10-23

Live Free or Die - NH

IF THIS BLATANT THEFT GOES UNEXAMINED/PUNISHED, I PREDICT NO REAL REGULATION OR OVERSIGHT UNTIL THE 2012 RIOTS (COMING TO A CITY NEAR YOU).......

GREAT TICKER, NEW REASON TO PROTEST ???????

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More prepared than ready.

2008-06-13 22:13:23
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Aztrader
Posts: 4959
Incept: 2007-09-10
Scottsdale, AZ

This article also covers HUD and the criminal activity allowed by the govt.

http://www.washingtonpost.com/wp-dyn/con....

2008-06-13 22:15:40
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Blackswan
Posts: 3601
Incept: 2007-11-06

Ponzi Roller Coaster

deleted

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Last modified: 2008-06-13 22:16:51 by blackswan
Reason: pic error

2008-06-13 22:15:58
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Mo
Posts: 5501
Incept: 2007-06-26

Florida

Isn't the Congressman from Louisiana who had all the bribe money in his freezer still in Congress?

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"The World has been cancelled. It doesn't even look like the world. There is one island that is maintained and is said to be owned by the Sheikh and the rest looks like a pile of muck."

2008-06-13 22:19:32
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Blackswan
Posts: 3601
Incept: 2007-11-06

Ponzi Roller Coaster

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Last modified: 2008-06-13 22:28:01 by blackswan
Reason: opps flicker photo won't post.

2008-06-13 22:20:32
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Fidgit
Posts: 14065
Incept: 2008-02-18

AllyBammy

Mo, yep:

http://worldnetdaily.com/index.php?fa=PA....

(apologies about it being a WND article, I know that's verboten in many places...)

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I say it's spinach, and I say the hell with it.

2008-06-13 22:25:37
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13thgeneration
Posts: 645
Incept: 2007-12-03

rock <-----> hard place

Quote:

Dodd reportedly received two loans through the program in 2003 - $506,000 to refinance his Washington town house, and $275,042 to refinance a home in Connecticut. The more favorable terms saved him about $70,000, the report says.

The company has also contributed $21,000 to Dodd's campaigns since 1997, but the senator proposed a bill last year that was averse to the company's lending practices, the report noted.

http://www.nypost.com/seven/06132008/new....

Last modified: 2008-06-13 22:41:33 by 13thgeneration

2008-06-13 22:41:03
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Etz3l
Posts: 9102
Incept: 2007-06-26

Quote:

the senator proposed a bill last year that was averse to the company's lending practices

Bastard!

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Treating the symptoms of financial corruption isn�t the same as removing the causes.

2008-06-13 22:48:15
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Genesis
Posts: 71366
Incept: 2007-06-26

KD^2

"**** I'm gonna get caught!"

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"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me

2008-06-13 22:49:11
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Etz3l
Posts: 9102
Incept: 2007-06-26

Quote:

Anyone remember his testimony months ago where Reps and Senators were literally apologizing for having him there and saying before they started asking questions that they were "not going to grill him"?

Nice catch Karl!

I remember watching that and immediately puking in my mouth a little.

Respectable businessman

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Treating the symptoms of financial corruption isn�t the same as removing the causes.

Last modified: 2008-06-13 23:27:19 by etz3l

2008-06-13 22:55:08
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Tf_protege
Posts: 1383
Incept: 2008-04-17
Moonbat Cowboy

Better be quiet KD, one day we will all login and won't find you posting anymore....

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http://studenthome.nku.edu/~russelljo/flash/dudefalling.swf

2008-06-13 22:57:05
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Mo
Posts: 5501
Incept: 2007-06-26

Florida

So.....

The question is - what did Dodd and the rest of them offer BAC to take on Countrywide and keep the spotlight off their loans?

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"The World has been cancelled. It doesn't even look like the world. There is one island that is maintained and is said to be owned by the Sheikh and the rest looks like a pile of muck."

2008-06-13 22:57:40
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