Thread: Judge strikes down Obama's SEC and their sleazy Citi mortgage securities settlement

I don't recall Obama being in office in 2007. do you know what the SEC did between 2001 and 2009? nothing, their case load dropped from 70 in 2001 to less than 10 in 2007. banking deregulation is the pre-cursor to every banking collapse in the world.

Originally Posted by LAM

I don't recall Obama being in office in 2007. do you know what the SEC did between 2001 and 2009? nothing, their case load dropped from 70 in 2001 to less than 10 in 2007. banking deregulation is the pre-cursor to every banking collapse in the world.

I mean, it's not like he's in office now, making shit decisions...

Originally Posted by DOMS

I mean, it's not like he's in office now, making shit decisions...

the decisions made under GWB will effect the world for decades. how exactly does one undue that?

Originally Posted by LAM

the decisions made under GWB will effect the world for decades. how exactly does one undue that?

For starters, you don't lie.

During the election, Obama was all talk about how he was going to yank us right the fuck out after his election. 3 years later... Plus, we wasted money in Libya, too.

You also don't fill your administration with cronies from some of the worst companies in the country who screw over the people to pad their back accounts. You know, the people that you say you oppose.

And, this is really easy to understand, you don't damn well continue to do the same shit that Bush did. And, this shit get's crazy, you don't continue the same shit and get to blame your predecessor!

Originally Posted by DOMS

For starters, you don't lie.

During the election, Obama was all talk about how he was going to yank us right the fuck out after his election. 3 years later... Plus, we wasted money in Libya, too.

You also don't fill your administration with cronies from some of the worst companies in the country who screw over the people to pad their back accounts. You know, the people that you say you oppose.

And, this is really easy to understand, you don't damn well continue to do the same shit that Bush did. And, this shit get's crazy, you don't continue the same shit and get to blame your predecessor!

I agree with all of this. Of everyone running for president, who is not going to do the same shit Bush a Obama did?

Originally Posted by DOMS

For starters, you don't lie.

During the election, Obama was all talk about how he was going to yank us right the fuck out after his election. 3 years later... Plus, we wasted money in Libya, too.

and why would you believe that considering why we put troops there in the first place.

The CIA has had people in northern Africa for decades waiting to do exactly what was done.

this is what the US does and we people in other country's refer to the states as "the empire"...everyone in the world knows this.

the MIC is more powerful than the banks

Originally Posted by LAM

and why would you believe that considering why we put troops there in the first place.

The CIA has had people in northern Africa for decades waiting to do exactly what was done.

this is what the US does and we people in other country's refer to the states as "the empire"...everyone in the world knows this.

the MIC is more powerful than the banks

Oh, so it's Bush's fault that we're there because he's president, but it's not Obama's fault that we're still there because he's president?

Wow...

Originally Posted by LAM

and why would you believe that considering why we put troops there in the first place.

The CIA has had people in northern Africa for decades waiting to do exactly what was done.

this is what the US does and we people in other country's refer to the states as "the empire"...everyone in the world knows this.

the MIC is more powerful than the banks

That is a liberal media answer there to DOMS comment. You picked a few points, moved away in an instant and are talking about the CIA. O'Bama fucking lied to EVERYONE, I have seen videos of all his promises and all that were not followed through on (not ones from the media you so loath either, those independent types you like to mention a lot and like are my sources here).

If you promise change and deliver the status quo you are either A) a liar, B) a terrible leader, or C) both. He is C in that list. Reagan was not perfect, Clinton was not perfect, but both could lead orders of magnitude better than O'Bama, shit even Bush rallied the country together when it most needed it.

Originally Posted by DOMS

For starters, you don't lie.

During the election, Obama was all talk about how he was going to yank us right the fuck out after his election. 3 years later... Plus, we wasted money in Libya, too.

You also don't fill your administration with cronies from some of the worst companies in the country who screw over the people to pad their back accounts. You know, the people that you say you oppose.

And, this is really easy to understand, you don't damn well continue to do the same shit that Bush did. And, this shit get's crazy, you don't continue the same shit and get to blame your predecessor!

This is the type of comment that needs to be said in a debate against O'Bama just cleaned up enough that it could make it on TV. I freaking love this DOMS!!!!

Originally Posted by oufinny

That is a liberal media answer there to DOMS comment. You picked a few points, moved away in an instant and are talking about the CIA. O'Bama fucking lied to EVERYONE, I have seen videos of all his promises and all that were not followed through on (not ones from the media you so loath either, those independent types you like to mention a lot and like are my sources here).

If you promise change and deliver the status quo you are either A) a liar, B) a terrible leader, or C) both. He is C in that list. Reagan was not perfect, Clinton was not perfect, but both could lead orders of magnitude better than O'Bama, shit even Bush rallied the country together when it most needed it.

and I quote Homer Simpson "Marge it takes 2 people to lie, one to tell it and the other to believe it"...

anybody that thought Obama was just going to pull out of the middle east really doesn't understand politics in the US or it's relationship with defense manufactures many of which are basically quasi-federal agency's at this point.

I haven't watched mainstream news to any measurable amount since the 80's. from what i saw and read on the BBC he told some good ones, just like all US politicians no more or less than what was needed to sell himself to the electorates. so as to your comment about the liberal media answer (which i'm not quite sure what they hell that even means) I know about the CIA in Africa not from the media but because one of my best friends in high school had just moved from their in '84 as his father was a ranking official. for some reason I have a ridiculous amount of friends in the fbi and cia, i'm still amazed at all the ex-potheads from my youth that work for those agency's now.

Originally Posted by LAM

and I quote Homer Simpson "Marge it takes 2 people to lie, one to tell it and the other to believe it"...

anybody that thought Obama was just going to pull out of the middle east really doesn't understand politics in the US or it's relationship with defense manufactures many of which are basically quasi-federal agency's at this point.

Let me see if I've got this straight.

Bush lied and did stupid shit, so it's his fault. Obama lied and is doing stupid shit, but that's Bush's fault, too.

Does that sound about right?

Originally Posted by DOMS

Let me see if I've got this straight.

Bush lied and did stupid shit, so it's his fault. Obama lied and is doing stupid shit, but that's Bush's fault, too.

Does that sound about right?

That is what I heard. The insistence that Afghanistan is somehow part of the middle east is interesting, though LAM did not say Afghanistan directly. Politicians say things, make promises they HOPE to keep, we all know this. Barry made declaration that there would be transparency, we would be out of two wars and he would work with the other side. All he has done is over-inflate the budget and continue all the mistakes Bush made. He is far from honest and probably the worst leader this country has seen since Jimmy Carter.

Originally Posted by oufinny

That is what I heard. The insistence that Afghanistan is somehow part of the middle east is interesting, though LAM did not say Afghanistan directly. Politicians say things, make promises they HOPE to keep, we all know this. Barry made declaration that there would be transparency, we would be out of two wars and he would work with the other side. All he has done is over-inflate the budget and continue all the mistakes Bush made. He is far from honest and probably the worst leader this country has seen since Jimmy Carter.

He actually got my hopes up. He made a big show of how he was going to get special interest groups out of Washington. He did the exact opposite.

Now that you mention it, it's clear that Obama is a combination of the worsts parts of Bush and Carter.

Originally Posted by DOMS

He actually got my hopes up. He made a big show of how he was going to get special interest groups out of Washington. He did the exact opposite.

Now that you mention it, it's clear that Obama is a combination of the worsts parts of Bush and Carter.

Same here, I cannot believe I am admitting this but I voted for him on the belief that it would change. Until we have term limits, lobbying out of Washington and accountability from politicians (never going to happen), nothing will change.

Originally Posted by oufinny

Same here, I cannot believe I am admitting this but I voted for him on the belief that it would change. Until we have term limits, lobbying out of Washington and accountability from politicians (never going to happen), nothing will change.

I was going to vote for him, but I learned early on that he was a shiester.

I 100% agree about the changes that need to be made.

Here's an example of the work done by Black Jesus.

Obama Taps 5th RIAA Lawyer to Justice Dept.

Originally Posted by oufinny

Same here, I cannot believe I am admitting this but I voted for him on the belief that it would change. Until we have term limits, lobbying out of Washington and accountability from politicians (never going to happen), nothing will change.

Therein lies the problem. This whole Occupy Wall Street thing has been a complete and utter waste of something that had a lot of potential. That whole movement should be about cleaning up Washington. Wall Street is a problem, but if your best friend is stealing from you to give your shit away to another buddy of his, who do you get pissed at? I would drive my friend in to the ground, not the person he was giving my shit to. Every single incumbent needs to be voted out, period. A message needs o be sent that what is going on between Washington an Wall Street is not ok. Our only recourse is to vote the politicians out, we can't do anything to Wall Street. The sad thing is that Congress has a 6% approval rating yet more than 50% of the ones up for re-election will keep their jobs. Partisan politics is completely to blame, look at the other thread on union pensions. When somebody who will make $900k a year for their pension can convince a bunch of people who make $40k a year that someone getting a $90k a year pension is crippling the company there is a severe problem. It just seems that every person in the country is so preoccupied with preventing the people below them in social status from rising above them that they don't realize that the people above them are blindly stealing from them. It's sad really.

Originally Posted by Dale Mabry

Therein lies the problem. This whole Occupy Wall Street thing has been a complete and utter waste of something that had a lot of potential. That whole movement should be about cleaning up Washington. Wall Street is a problem, but if your best friend is stealing from you to give your shit away to another buddy of his, who do you get pissed at? I would drive my friend in to the ground, not the person he was giving my shit to. Every single incumbent needs to be voted out, period. A message needs o be sent that what is going on between Washington an Wall Street is not ok. Our only recourse is to vote the politicians out, we can't do anything to Wall Street. The sad thing is that Congress has a 6% approval rating yet more than 50% of the ones up for re-election will keep their jobs. Partisan politics is completely to blame, look at the other thread on union pensions. When somebody who will make $900k a year for their pension can convince a bunch of people who make $40k a year that someone getting a $90k a year pension is crippling the company there is a severe problem. It just seems that every person in the country is so preoccupied with preventing the people below them in social status from rising above them that they don't realize that the people above them are blindly stealing from them. It's sad really.

This is very well said, reps coming your way Dale.

Originally Posted by Dale Mabry

Partisan politics is completely to blame, look at the other thread on union pensions. When somebody who will make $900k a year for their pension can convince a bunch of people who make $40k a year that someone getting a $90k a year pension is crippling the company there is a severe problem. It just seems that every person in the country is so preoccupied with preventing the people below them in social status from rising above them that they don't realize that the people above them are blindly stealing from them. It's sad really.

that is why I stopped watching and reading main stream media content decades ago. first I don't like being told what's important, I can figure that out on my own. but commercial media outlets are simply a representation of what they think is important to their viewing audience based on advertising and consumption...fuck that

the people on the board of directors of main stream media outlets are the same ones on the boards of the leading large firms...that shit their trying to sell isn't news it's straight up propaganda.

accurate information and/or unbiased information can only be obtained from reliable 3rd party's that have nothing to gain or loose.

Originally Posted by oufinny

That is what I heard. The insistence that Afghanistan is somehow part of the middle east is interesting, though LAM did not say Afghanistan directly. Politicians say things, make promises they HOPE to keep, we all know this. Barry made declaration that there would be transparency, we would be out of two wars and he would work with the other side. All he has done is over-inflate the budget and continue all the mistakes Bush made. He is far from honest and probably the worst leader this country has seen since Jimmy Carter.

I'm pretty sure the worst leader in recent US history will go down as the one that essentially caused the global banking collapse and now global recession along with causing the loss of 3-5trillion in home equity to be lost in the US most of which is permanent due to their age of those homeowners and current income of which many are retired.

everything that is going down in Europe and Greece right now is a direct result of the banking collapse in 2007. finances of the G7 & G20, etc. are all interconnected now along with supply chains. the bush white house turned a blind eye to everything that was going down on wallstreet. they tried to say that the GSE's were in trouble for growing to large but now we all know that was not the case. their solution to growing balance sheets of GSE's was unregulated private banks whose primary goals were to increase stock shares. Fannie Mae and Freddie are only in trouble now because of the job loss and resulting slowdown in the economy that has resulted from all of this.

you would have thought after the last banking collapse in 1929 that deregulation and mixing credit and equity together "again" surely would result in the same eventually.

everything in the Frank-Dodd legislation (Wall Street Reform and Consumer Protection Act) would have prevented just about all of this.

* history
* economics
* sociology

Originally Posted by DOMS

I was going to vote for him, but I learned early on that he was a shiester.

I 100% agree about the changes that need to be made.

Here's an example of the work done by Black Jesus.

Sickening.

Originally Posted by Thee_One

Sickening.

He took in the same people that were lobbying to have file sharers put in jail for 10 years.

I think what Obama meant by change is actually "more of the same."

Originally Posted by Zaphod

I think what Obama meant by change is actually "more of the same."

I think "even worse" is more accurate. He's doing all the dumb shit that Bush did and taking it to higher levels, and adding more shit on top (illegal amnesty, for starters).

Originally Posted by LAM

I don't recall Obama being in office in 2007. do you know what the SEC did between 2001 and 2009? nothing, their case load dropped from 70 in 2001 to less than 10 in 2007. banking deregulation is the pre-cursor to every banking collapse in the world.

That's the year in which Citi is accused of foul play. If you want to put that on Bush, go ahead.

But following that same logic, this proposed settlement was struck down THIS year. Who's president now???

Originally Posted by DOMS

He took in the same people that were lobbying to have file sharers put in jail for 10 years.

Yea what the fuck is up with that?
He's the youngest president we've had since JFK right?

Isn't he supposed to be cool, hip, and in the know?

Sad times.

Originally Posted by ALBOB

That's the year in which Citi is accused of foul play. If you want to put that on Bush, go ahead.

But following that same logic, this proposed settlement was struck down THIS year. Who's president now???

technically Citi was following the IRB Basel II option which means they were in compliance.

and part of the reason why the banking collapse happened is that the people that were supposedly experts did not have the proper knowledge base on risk analysis. so instead of putting other "new" people in place that didn't know what was going on Obama kept the ones that in reality now knew the most about the problem. it sounds ass backwards but it really isn't given the circumstances.

personally I would like to see some movement towards large banks in the US being broken up separating credit and equity but the economy is still to fragile to even begin talking bout that, which probably isn't even very realistic.

Originally Posted by LAM

technically Citi was following the IRB Basel II option which means they were in compliance.

and part of the reason why the banking collapse happened is that the people that were supposedly experts did not have the proper knowledge base on risk analysis. so instead of putting other "new" people in place that didn't know what was going on Obama kept the ones that in reality now knew the most about the problem. it sounds ass backwards but it really isn't given the circumstances.

personally I would like to see some movement towards large banks in the US being broken up separating credit and equity but the economy is still to fragile to even begin talking bout that, which probably isn't even very realistic.

Okay, you've explained why he kept the same people in place. But the fact still remains, HE kept them in place. Whether it was right, wrong or indifferent, HE did it. Can't blame that on Bush.