It's About Liberty: A Conservative Forum
Topics => Economy => Topic started by: jpatrickham on September 02, 2011, 04:15:02 PM
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oreilly.foxnews.com foxnews@newsletters.foxnews.com to me
show details 4:40 PM (21 minutes ago)
Federal government sues 17 banks over risky mortgages
More headlines from FoxNews.com:
http://email.foxnews.com/t?ctl=1388F:551F40EA9E802BA7D5F92CBE703F674D& (http://email.foxnews.com/t?ctl=1388F:551F40EA9E802BA7D5F92CBE703F674D&)
Watch Fox News Channel for complete coverage of this story and all breaking news.
Huh! The typical Friday Night Massacre, and this time a three day weekend, go figure! ::facepalm::
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From Jazz @ HotAir...
As the article notes, this seems to be coming in response to the damage they did to Fannie and Freddie. Try to keep that in mind for just a moment longer.
Look, the fact that there were some completely odious financial instruments floating around out there is beyond question. It also goes without saying that the problem metastasized because such instruments require insurance and a strong credit rating to sell them, so companies like AIG were dragged into the whirlpool when the whole show began to go down the crapper. In that regard, one could argue that the entire system was not “too big to fail” but, in some ways, designed to fail. But doesn’t it seem curious that the same institutions which were deemed so critical to the national interest that the taxpayers would have to bail them out are now suitable pockets to pick in a law suit?
Returning to the previous point, we come to the exit question. Does anyone honestly think that Fannie and Freddie were somehow “innocent victims” in all of this?
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None of this will be completely resolved until Barney Frank and Chris Dodd are placed on the witness stand as co-defendants .
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None of this will be completely resolved until Barney Frank and Chris Dodd are placed on the witness stand as co-defendants .
In Chains! Don't forget them! ::danceban::
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The irony in this is as thick as it is sick!