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Thread: Wells Fargo Executive Who Oversaw Division Implicated in Fake Account Scandal Set to.

  1. #21
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    Chris's Avatar Senior Member
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    Quote Originally Posted by exotix View Post
    That looks like a photochop.
    LOL. Here, chew on this:

    Fact Check: Obama Had More to Do With 2008 Economic Meltdown Than Bush Ever Did

    Here’s something you’ll never read about in the liberal media.
    Barack Obama played a leading role in the mortgage crisis of 2008 that sunk the US economy.

    In his early activist days, Barack Obama the community organizer sued banks to ease lending practices.

    State Sen. Barack Obama and crackpot priest Michael Pfleger led a protest in Chicago in January 2000. (NBC 5 Week of January 3, 2000)

    In 1994, Barack Obama was one of the plaintiffs in a class action lawsuit, alleging that Citibank had engaged in practices that discriminated against minorities. The lawsuit forced the bank to ease its lending practices.

    The Daily Caller reported:

    President Barack Obama was a pioneering contributor to the national subprime real estate bubble, and roughly half of the 186 African-American clients in his landmark 1995 mortgage discrimination lawsuit against Citibank have since gone bankrupt or received foreclosure notices…

    …Obama has pursued the same top-down mortgage lending policies in the White House.

    Obama’s lawsuit was one element of a national “anti-redlining” campaign led by Chicago’s progressive groups, who argued that banks unfairly refused to lend money to people living within so-called “redlines” around African-American communities. The campaign was powered by progressives’ moral claim that their expertise could boost home ownership among the United States’ most disadvantaged minority, African-Americans.

    ...

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    MisterVeritis (09-28-2016)

  3. #22
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    MisterVeritis's Avatar Senior Member
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    Quote Originally Posted by Dr. Strangelove View Post
    She should be sent to prison, and WF broken up, and all assets returned to the victims!

    It is a staggering crime of epic proportions! Since we cannot count on the corrupt Justice Dept. to do anything, perhaps a US attorney can file charges. Liz warren should be all over this! And the CFPB!
    If the federal government was interested in justice the massive fine would have been give to the victims. This is a shakedown.

  4. #23
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    donttread's Avatar Senior Member
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    Quote Originally Posted by exotix View Post
    Sure, I don't see Obama in this pic of Bush adding $2 Trillion to the National Debt to give to the bail-out of Banks that if not, would have caused another Great Depression ...

    So Obama has stopped corporate welfare? Wow , I did not know that

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    Quote Originally Posted by exotix View Post
    How is Obama responsible for the Bush economic collapse caused by Banks again ?

    It's been 8 years , stop blaming Bush

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    Truth Detector (09-28-2016)

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    Quote Originally Posted by Chris View Post
    IMO, the free market is mostly self-correcting, and this is an example, even if you see it as purely profit-driven where WF is concerned with it's reputation. WF itself will likely lose untold millions in customers for it because reputation is important in society. The government, if we must have one, ought to let those market forces play out, and confine itself to prosecuting any fraudulently criminal action. Letting the government become more powerful than that creates a target for rent seeking corruption.
    There were still crimes committed. There should be prosecutions.
    ΜOΛΩΝ ΛΑΒΕ


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    Quote Originally Posted by Chris View Post
    Obama prolonged the Great Recession that started under Bush, just as FDR prolonged the Great Depression that started under Hoover.


    they both work for the illuminati

    we talked about giving obama a raise at our last meeting

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    Quote Originally Posted by Chris View Post

    so 186 mortgages from 1995 caused the meltdown?

    srsly?

    you must have doubled up on the s-pills

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    exotix's Avatar Senior Member
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    Quote Originally Posted by donttread View Post
    It's been 8 years , stop blaming Bush
    You've been saying that since Jan. 20th, 2009.
    'How and Why ?' ~ Einstein

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    Quote Originally Posted by Peter1469 View Post
    There were still crimes committed. There should be prosecutions.
    Agree 100% with that. Have since the start.

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    Peter1469 (09-28-2016)

  13. #30
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    Quote Originally Posted by Chris View Post
    IMO, the free market is mostly self-correcting, and this is an example, even if you see it as purely profit-driven where WF is concerned with it's reputation. WF itself will likely lose untold millions in customers for it because reputation is important in society. The government, if we must have one, ought to let those market forces play out, and confine itself to prosecuting any fraudulently criminal action. Letting the government become more powerful than that creates a target for rent seeking corruption.

    OK ( I don't necessarily agree but you make a good point) But of more immedite concern to either disbanding or limiting the government is that in order to do that we must find a way to downsize this one against the Dokephant's will. How do we do that?

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