Obama to net $400K for Wall Street speech

[Padawanbater2]

No, it does not.

To the people that do [understand it]

2. Hey guess what- nothing has changed!

Hey now, be fair.. that's not exactly true. Banks are bigger now than they were when they were deemed "too big to fail", both parties are totally not functionally similar in any way though some might have you believe. We also got a half-assed watered-down piece of financial regulation legislation just like our half-assed watered-down healthcare system

 

[dagwood45431]

I'll answer that!

1. NO ONE got prosecuted for the greatest financial crimes in modern history! And a Democrat was President!

2. Hey guess what- nothing has changed! Banks still do stupid things, lobby to overturn Dodd-Frank, lobby to reduce reserves and when it all blood up they'll STILL get their golden parachutes!

The only guy to get his golden parachute clawed back was the CEO of Wells Fargo, for presiding over activity that would make anyone close their accounts and go across the street.

And that's the ONLY reason they did it. He hasn't been prosecuted, nor has anyone else at Wells Fargo.

The cheaters and this are still running the given and gaming the system. The first Party that drags these bastards to court and holds them accountable will be in power until our children get tired of them.

Yeah, Iceland gave us a glimpse of how it should go.
https://en.wikipedia.org/wiki/2008–2011_Icelandic_financial_crisis#Special_Investigation_Commission

 

[UncleBuck]

This is payback, eh?

padaraper has more conspiracy theories than a trumptard.

 

[UncleBuck]

Then explain why he's the most popular sitting politician in America today.

if that were true then he could have easily beat clinton, but he didn't.

judging by vote totals, hillary is the second most popular politician of all time, only behind barack obama.

 

[dagwood45431]

padaraper has more conspiracy theories than a trumptard.

The theory falls apart on the basis of logistics. Surely the entire financial industry didn't strike a deal with Obama early his presidency, pass the hat around amongst themselves to collect $400,000 (chump change) and then give it to somebody at Cantor Fitzgerald to hold for the payoff in 2017? It makes no sense.

 

[UncleBuck]

justice democrats: we suck at winning votes in the predominantly black south. wat do?

padaraper: let's demonize the first black president as a corrupt wall street crook for getting paid to give a speech

justice democrats: BRILLIANT

 

[ttystikk]

Yeah, Iceland gave us a glimpse of how it should go.
https://en.wikipedia.org/wiki/2008–2011_Icelandic_financial_crisis#Special_Investigation_Commission

Absolutely. Many other countries are waking up to the corruption in their governments and are doing plenty about it.

South Korea has put its Prime Minister in jail and on trial.

About fucking time for some of that kind of Justice right here in the good ol' USA.

 

[ttystikk]

justice democrats: we suck at winning votes in the predominantly black south. wat do?

padaraper: let's call racism a social issue, put it in on the backburner, and ignore the economic impacts racism has on black people.

justice democrats: BRILLIANT

I get the feeling I've paid a lot more attention to their message than you have. I've seen no such patronizing ignorance on the part of Justice Democrats- but I surely have by the establishment Democratic Party, including the LOSER Hillary.

No one believes your smear campaign and we are growing increasingly suspicious of your strident defense of the status quo Democratic Party.

Time to work harder at bring inclusive, or your kind will be left behind.

 

[ttystikk]

if that were true then he could have easily beat clinton, but he didn't.

judging by vote totals, hillary is the second most popular politician of all time, only behind barack obama.

But we aren't judging by those.

She isn't exactly hailed as a speaker for the common citizen, either.

Nice try.

If the Democratic Party doesn't make serious changes, it will be relegated to also ran status.

The New Left isn't going away, judging by their explosive growth in the last 6 months.

 

[ttystikk]

justice democrats: we suck at winning votes in the predominantly black south. wat do?

padaraper: let's demonize the first black president as a corrupt wall street crook for getting paid to give a speech

justice democrats: BRILLIANT

I think he's suspect for bailing out the banks in 2008 and letting homeowners twist, and for letting Wall Street executives off Scot free after they wrecked the economy.

 

[UncleBuck]

But we aren't judging by those.

good luck winning elections by some metric other than votes.

 

[UncleBuck]

I think he's suspect for bailing out the banks in 2008 and letting homeowners twist, and for letting Wall Street executives off Scot free after they wrecked the economy.

bush was president in 2008 and signed the bailout into law.

sorry about facts and shit.

 

[ttystikk]

bush was president in 2008 and signed the bailout into law.

sorry about facts and shit.

Mr Obama could have investigated and prosecuted. He did not.

Sorry about facts n shit.

The point is that there plenty of blame to go round. How do we FIX IT?

Letting the Democratic Party back into power without some teeth to accountability will simply get more of the same; increasing inequality of wealth and income and an economy that hands all the wealth created by the many to the very, very few.

That's unsustainable.

 

[UncleBuck]

Mr Obama could have investigated and prosecuted.

OK then, just name which laws were broken. cite statutes.

 

[Padawanbater2]

OK then, just name which laws were broken. cite statutes.

Fraud - from Berkeley;

ABSTRACT

The financial crisis of 2007-2009 was marked by widespread fraud in the mortgage securitization industry. Most of the largest mortgage originators and mortgage-backed securities issuers and underwriters have been implicated in regulatory settlements, and many have paid multibillion-dollar penalties. This paper seeks to explain why this behavior became so pervasive. We evaluate predominant theories of white-collar crime, finding that those emphasizing deregulation or technical opacity identify only necessary, not sufficient conditions. Our argument focuses instead on changes in competitive conditions and firms’ positions within and across markets. As the supply of mortgages began to decline around 2003, mortgage originators lowered credit standards and engaged in predatory lending to shore up profits. In turn, vertically integrated mortgage-backed securities issuers and underwriters committed securities fraud to conceal this malfeasance and to enhance the value of other financial products. Our results challenge standard economic models, and we consider implications for regulatory standards based upon them. We also discuss the overlooked importance of opportunistic behavior to the sociology of markets.

 

[UncleBuck]

a term paper is not a statute.

 

[Padawanbater2]

Fraud was committed

Read up on the financial crisis, see for yourself

 

[tangerinegreen555]

l think he's suspect for bailing out the banks in 2008 and letting homeowners twist, and for letting Wall Street executives off Scot free after they wrecked the economy.

As it was said, Bush started the bailouts and rightly so. Neither Bush nor Obama were going to let everything collapse and cause everyone to suffer a full blown depression, it's not the American way to throw in the towel.

If they didn't get it perfect, at least we survived and Obama turned things around. They made some improvements, another thing Trump's trying to reverse.

How would you like to start a presidency teetering on the verge of a depression, not sure if you can pull us up.

Asshole Trump, on the other hand, was handed a fucking goldmine and he proceeded to derail it on day 1.
The only real economic complaint Trump could have was slow growth. If not for those bailouts (including the recovered auto industry) there might not be any growth at all. Obama did well over all, in a polarized political environment.

I wish they'd break up the super banks or anything 'too big to fail', though. We all studied the Standard Oil antitrust laws in Jr. high. That remains a problem to me, the way all these mergers make massive corporations or a few banks that have all the of the money. Not that there's any real support for that until the next time.

 

[Padawanbater2]

"As the supply of mortgages began to decline around 2003, mortgage originators lowered credit standards and engaged in predatory lending to shore up profits. In turn, vertically integrated mortgage-backed securities issuers and underwriters committed securities fraud to conceal this malfeasance and to enhance the value of other financial products."

 

[Padawanbater2]

As it was said, Bush started the bailouts and rightly so. Neither Bush nor Obama were going to let everything collapse and cause everyone to suffer a full blown depression, it's not the American way to throw in the towel.

If they didn't get it perfect, at least we survived and Obama turned things around. They made some improvements, another thing Trump's trying to reverse.

How would you like to start a presidency teetering on the verge of a depression, not sure if you can pull us up.

Asshole Trump, on the other hand, was handed a fucking goldmine and he proceeded to derail it on day 1.
The only real economic complaint Trump could have was slow growth. If not for those bailouts (including the recovered auto industry) there might not be any growth at all. Obama did well over all, in a polarized political environment.

I wish they'd break up the super banks or anything 'too big to fail', though. We all studied the Standard Oil antitrust laws in Jr. high. That remains a problem to me, the way all these mergers make massive corporations or a few banks that have all the of the money. Not that there's any real support for that until the next time.

Why didn't his JD prosecute anyone responsible for causing it?