Finally... some acknowledgement and accountability..... maybe (71)
gininitaly: "Feds sue big banks over sales of risky investments.
NEW YORK (AP) — The government on Friday sued 17 financial firms, including the largest U.S. banks, for selling Fannie Mae and Freddie Mac billions of dollars worth of mortgage-backed securities that turned toxic when the housing market collapsed.
Among those targeted by the lawsuits were Bank of America Corp., Citigroup Inc., JP Morgan Chase & Co., and Goldman Sachs Group Inc. Large European banks including The Royal Bank of Scotland, Barclays Bank and Credit Suisse were also sued.
The lawsuits were filed by the Federal Housing Finance Agency. It oversees Fannie and Freddie, the two agencies that buy mortgages loans and mortgage securities issued by the lenders."http://news.yahoo.com/feds-sue-big-banks-over-sales-risky-investments-000212787.html
and the Looting goes on!NEW YORK (AP) — The government on Friday sued 17 financial firms, including the largest U.S. banks, for selling Fannie Mae and Freddie Mac billions of dollars worth of mortgage-backed securities that turned toxic when the housing market collapsed.
Among those targeted by the lawsuits were Bank of America Corp., Citigroup Inc., JP Morgan Chase & Co., and Goldman Sachs Group Inc. Large European banks including The Royal Bank of Scotland, Barclays Bank and Credit Suisse were also sued.
The lawsuits were filed by the Federal Housing Finance Agency. It oversees Fannie and Freddie, the two agencies that buy mortgages loans and mortgage securities issued by the lenders."http://news.yahoo.com/feds-sue-big-banks-over-sales-risky-investments-000212787.html
Now the Culprit's playing the Victim!
------ This thread is Archived ------
Conrad73: and the Looting goes on!
Now the Culprit's playing the Victim!
Now the Culprit's playing the Victim!
well....it is not exactly as easy as you like to think as far as the issue of who is the real culprit and who is the real victims is concerned, conny
------ This thread is Archived ------
Conrad73: and the Looting goes on!
Now the Culprit's playing the Victim!
Now the Culprit's playing the Victim!
Isn't that the truth..
?! But at least they're paying public lip service... or they must be getting worried that people might just be totally fed up... nah, nevermind, I'm sure it's a behind the scenes power play. 
------ This thread is Archived ------
gininitaly: Isn't that the truth.. ?! But at least they're paying public lip service... or they must be getting worried that people might just be totally fed up... nah, nevermind, I'm sure it's a behind the scenes power play.
Isn't that the same Fannie Mae and Freddie Mac,that didn't want to get audited?------ This thread is Archived ------
while on the subject you might find this aussie tread interesting
------ This thread is Archived ------
robplum: while on the subject you might find this aussie tread interesting
As much as i like to see a prosperous USA, the reality is the USA as a country must face the consequence of becoming 'too big and too powerful'
------ This thread is Archived ------
i dunno what the outcome will be, wont be the ywan, and the US$ sill buys BDT$73.77 today mate
------ This thread is Archived ------
robplum: i dunno what the outcome will be, wont be the ywan, and the US$ sill buys BDT$73.77 today mate
well....as far as i understand,the rate mainly is a reflection of our effort to boost up Bangladeshi exports in the last decade or so. therefore, it is safe to say that the exchange rate doesn't bear so much significance as far as the question of a sliding US economy is concerned.
------ This thread is Archived ------
mnowsa: if your solo endeavour was to make me laugh a little, i must say that you have reached the height of success in your endeavour. congratulation!
Good. Your contention was rather silly to say the least so may as well laugh along with me even though my intent was to only expose your unrealistic viewpoint.
------ This thread is Archived ------
mnowsa: As much as i like to see a prosperous USA, the reality is the USA as a country must face the consequence of becoming 'too big and too powerful'
That is a fib.
You totally dislike the idea of a prosperous USA. It causes you nightmare to think what a prosperous US could do in the world. A US that is energy independent of middle east oil.....might.....put some more Islamic dictators out of power. A US that is prosperous....might face off with the RED Dragon (China) in a economic war of all economic wars.
------ This thread is Archived ------
ttom500: That is a fib.
You totally dislike the idea of a prosperous USA. It causes you nightmare to think what a prosperous US could do in the world. A US that is energy independent of middle east oil.....might.....put some more Islamic dictators out of power. A US that is prosperous....might face off with the RED Dragon (China) in a economic war of all economic wars.
You totally dislike the idea of a prosperous USA. It causes you nightmare to think what a prosperous US could do in the world. A US that is energy independent of middle east oil.....might.....put some more Islamic dictators out of power. A US that is prosperous....might face off with the RED Dragon (China) in a economic war of all economic wars.
Well hang on to those old glory days... they may not be around much longer... you really shouldn't blame Mnowsa for that, we did it to ourselves.
It's come down to 'put your money where you mouth is' and China is holding the markers that we gave away (production/fabrication) or borrowed.
We've been piecemeal selling our soul for quite awhile now.
------ This thread is Archived ------
ttom500: That is a fib.
You totally dislike the idea of a prosperous USA. It causes you nightmare to think what a prosperous US could do in the world. A US that is energy independent of middle east oil.....might.....put some more Islamic dictators out of power. A US that is prosperous....might face off with the RED Dragon (China) in a economic war of all economic wars.
You totally dislike the idea of a prosperous USA. It causes you nightmare to think what a prosperous US could do in the world. A US that is energy independent of middle east oil.....might.....put some more Islamic dictators out of power. A US that is prosperous....might face off with the RED Dragon (China) in a economic war of all economic wars.
unfortunately, in today's world, a prosperous USA will most likely mean more illegal invasion of other countries killing millions of people. At least the past experience of a prosperous USA suggests so. And as far as a face off with the red dragon is concerned, the reality is china owns almost half of the USA given the fact that total budget of USA is almost (if my memory serves me right) 14 trillion dollars while USA owes china almost 5 trillion dollars. So, i would suggest yo yo to give up the idea of waging an economic war with china..
------ This thread is Archived ------
mnowsa: unfortunately, in today's world, a prosperous USA will most likely mean more illegal invasion of other countries killing millions of people. At least the past experience of a prosperous USA suggests so. And as far as a face off with the red dragon is concerned, the reality is china owns almost half of the USA given the fact that total budget of USA is almost (if my memory serves me right) 14 trillion dollars while USA owes china almost 5 trillion dollars. So, i would suggest yo yo to give up the idea of waging an economic war with china..
As of August 2011, the US owes China 1.7 trillion dollars..TOTAL "combined" debt owed to other countries is 4.3 trillion.......
------ This thread is Archived ------
------ This thread is Archived ------
gininitaly: http://www.davemanuel.com/us-national-debt-clock.php
Thanks Gin!!! Exactly what I said...except I DID OVER STATE THE AMOUNT US OWES CHINA....
It's not 1.7 trillion, it's 1.2....
We owe Japan between 8 and 9 billion so..........Combined debt to China and Japan would be about half of total debt owed...just a little under half to be more precise...
------ This thread is Archived ------
Conrad73: Isn't that the same Fannie Mae and Freddie Mac,that didn't want to get audited?
It's like the stoat suing the foxes for misleading information about how many chickens were in the henhouse.
------ This thread is Archived ------
gininitaly: "Feds sue big banks over sales of risky investments.
NEW YORK (AP) — The government on Friday sued 17 financial firms, including the largest U.S. banks, for selling Fannie Mae and Freddie Mac billions of dollars worth of mortgage-backed securities that turned toxic when the housing market collapsed.
Among those targeted by the lawsuits were Bank of America Corp., Citigroup Inc., JP Morgan Chase & Co., and Goldman Sachs Group Inc. Large European banks including The Royal Bank of Scotland, Barclays Bank and Credit Suisse were also sued.
The lawsuits were filed by the Federal Housing Finance Agency. It oversees Fannie and Freddie, the two agencies that buy mortgages loans and mortgage securities issued by the lenders."http://news.yahoo.com/feds-sue-big-banks-over-sales-risky-investments-000212787.html
NEW YORK (AP) — The government on Friday sued 17 financial firms, including the largest U.S. banks, for selling Fannie Mae and Freddie Mac billions of dollars worth of mortgage-backed securities that turned toxic when the housing market collapsed.
Among those targeted by the lawsuits were Bank of America Corp., Citigroup Inc., JP Morgan Chase & Co., and Goldman Sachs Group Inc. Large European banks including The Royal Bank of Scotland, Barclays Bank and Credit Suisse were also sued.
The lawsuits were filed by the Federal Housing Finance Agency. It oversees Fannie and Freddie, the two agencies that buy mortgages loans and mortgage securities issued by the lenders."http://news.yahoo.com/feds-sue-big-banks-over-sales-risky-investments-000212787.html
Let me see here......Elections coming up real soon.....Ya....that`s about it........
------ This thread is Archived ------
mustbnutz: Let me see here......Elections coming up real soon.....Ya....that`s about it........
Biggest ones will settle out of court...smaller ones will follow...Just waiting for the right time is all....------ This thread is Archived ------
leigh2154: Biggest ones will settle out of court...smaller ones will follow...Just waiting for the right time is all....
another Major Rip Off by the Obama Clique!
------ This thread is Archived ------
This Thread is Archived
This Thread is archived, so you will no longer be able to post to it. Threads get archived automatically when they are older than 3 months.
« Go back to All Threads
« Go back to All Threads
More Threads
I'm a 53 YEAR'S YUNG MAN that lives back in the 80s
your favorite topic?
The weird and the random facts around the world
Ladies
wanting beyond need
The GOP Representatives owned by Vladimir Putin
More Proof The GOP is a Criminal Organization
Unions support Democrats!
the way you look
Would you hire this guy - for any job?
More Threads
Report threads that break rules, are offensive, or contain fighting. Staff may not be aware of the forum abuse, and cannot do anything about it unless you tell us about it. click to report forum abuse »
If one of the comments is offensive, please report the comment instead (there is a link in each comment to report it).
If one of the comments is offensive, please report the comment instead (there is a link in each comment to report it).
Stats for this Thread
3,302 Views
70 Comments
Created: Sep 2011
Last Viewed: Apr 18
Last Commented: Sep 2011
0 Likes
Related Forums
- I'm a 53 YEAR'S YUNG MAN that lives back in the 80s
- your favorite topic?
- The weird and the random facts around the world
- Ladies
- wanting beyond need
- The GOP Representatives owned by Vladimir Putin
- More Proof The GOP is a Criminal Organization
- Unions support Democrats!
- the way you look
- Would you hire this guy - for any job?
NEW YORK (AP) — The government on Friday sued 17 financial firms, including the largest U.S. banks, for selling Fannie Mae and Freddie Mac billions of dollars worth of mortgage-backed securities that turned toxic when the housing market collapsed.
Among those targeted by the lawsuits were Bank of America Corp., Citigroup Inc., JP Morgan Chase & Co., and Goldman Sachs Group Inc. Large European banks including The Royal Bank of Scotland, Barclays Bank and Credit Suisse were also sued.
The lawsuits were filed by the Federal Housing Finance Agency. It oversees Fannie and Freddie, the two agencies that buy mortgages loans and mortgage securities issued by the lenders."