Did the Other Shoe Just Drop? Big Banks Hit with Monster $250 BillionLawsuit in Housing Crisis
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Did the Other Shoe Just Drop? Big Banks Hit with Monster $250Billion Lawsuit in Housing Crisis
jon_banquer wrote:
http://tinyurl.com/k9kd2hp Interesting article. However, the article is inaccurate in its speculation that bank depositors will end up paying the bill for the follies of big investment banks. Under current law that is simply not possible. --- This email is free from viruses and malware because avast! Antivirus protection is active. http://www.avast.com |
Did the Other Shoe Just Drop? Big Banks Hit with Monster $250Billion Lawsuit in Housing Crisis
On Sunday, July 20, 2014 4:37:17 AM UTC-7, wrote:
jon_banquer wrote: http://tinyurl.com/k9kd2hp Interesting article. However, the article is inaccurate in its speculation that bank depositors will end up paying the bill for the follies of big investment banks. Under current law that is simply not possible. --- This email is free from viruses and malware because avast! Antivirus protection is active. http://www.avast.com Glad you enjoyed the article. |
Did the Other Shoe Just Drop? Big Banks Hit with Monster $250Billion Lawsuit in Housing Crisis
On Sunday, July 20, 2014 11:43:55 AM UTC-4, jon_banquer wrote:
On Sunday, July 20, 2014 4:37:17 AM UTC-7, wrote: jon_banquer wrote: http://tinyurl.com/k9kd2hp Interesting article. However, the article is inaccurate in its speculation that bank depositors will end up paying the bill for the follies of big investment banks. Under current law that is simply not possible. America's legal and justice system has TRIED to be mousy and not enforce laws (like the Justice Department wants), but that has failed. At the since 2008, wrongdoing by billionaires like Rupert Murdoch and in the subprime lending arena with John Paulson and his salesman Fabrice Tourre and others has all come to light. What would have been normal subprime lending numbers minus their shenanigans is clear. So you sue for the shenanigan subtraction, then everything is closer to back to normal. Am I wrong, jon ?? |
Did the Other Shoe Just Drop? Big Banks Hit with Monster $250 Billion Lawsuit in Housing Crisis
On Sun, 20 Jul 2014 06:37:17 -0500, jim
" wrote: snip Interesting article. However, the article is inaccurate in its speculation that bank depositors will end up paying the bill for the follies of big investment banks. Under current law that is simply not possible. ================= Not directly as depositors, but indirectly as taxpayers/savers, e. g. TARP, FRB Q.E. depressing yields, etc. Indeed, there is an ongoing TBTF "subsidy." All honest taxpayers are "on the hook"... http://tinyurl.com/pvjwbso http://tinyurl.com/p4ny5uz -- Unka' George "Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants, but debt is the money of slaves" -Norm Franz, "Money and Wealth in the New Millenium" |
Did the Other Shoe Just Drop? Big Banks Hit with Monster $250Billion Lawsuit in Housing Crisis
F. George McDuffee wrote:
On Sun, 20 Jul 2014 06:37:17 -0500, jim " wrote: snip Interesting article. However, the article is inaccurate in its speculation that bank depositors will end up paying the bill for the follies of big investment banks. Under current law that is simply not possible. ================= Not directly as depositors, but indirectly as taxpayers/savers, e. g. TARP, FRB Q.E. depressing yields, Yields are depressed because of market forces. There is a huge over-supply of savers. The savers have no one but themselves to blame for low rates. With so many truing to save a few who are credit-worthy willing to borrow where did you think interest rates would be? etc. Indeed, there is an ongoing TBTF "subsidy." All honest taxpayers are "on the hook"... You think low interest rates put taxpayers on the hook, At the same time you think high interest rates put the taxpayer on the hook. Doesn't your self-contradiction ever bother you? --- This email is free from viruses and malware because avast! Antivirus protection is active. http://www.avast.com |
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