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seafan (1000+ posts) Send PM | Profile | Ignore | Sun Oct-17-10 10:59 PM Original message |
CNBC predicts Congress will retroactively legalize foreclosure fraud |
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Skink (1000+ posts) Send PM | Profile | Ignore | Sun Oct-17-10 11:05 PM Response to Original message |
1. Obama is going to have to use the veto. |
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Bluebear (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 02:34 AM Response to Reply #1 |
64. That could happen. |
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maryf (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 05:20 AM Response to Reply #64 |
74. Is that skepticism? |
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Swede (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 11:01 AM Response to Reply #64 |
81. He did just that earlier this month. |
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DJ13 (1000+ posts) Send PM | Profile | Ignore | Sun Oct-17-10 11:19 PM Response to Original message |
2. If they do it will PROVE that theres two sets of laws in our country |
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dixiegrrrrl (1000+ posts) Send PM | Profile | Ignore | Sun Oct-17-10 11:23 PM Response to Reply #2 |
3. My illusion ended before earlier than this. |
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upi402 (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 01:14 AM Response to Reply #3 |
57. It had a fork in it |
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Individualist (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 09:07 PM Response to Reply #57 |
103. We've learned that "Yes we can" was followed by - but no I won't. |
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Jim Sagle (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 11:28 PM Response to Reply #103 |
114. We've also learned that "Make me do it' actually meant 'Shut the fuck up.' |
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Junkdrawer (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 01:00 PM Response to Reply #2 |
88. Easily fixed: Keep it out of the news..... |
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spanone (1000+ posts) Send PM | Profile | Ignore | Sun Oct-17-10 11:23 PM Response to Original message |
4. CNBC predicts...... |
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sofa king (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 06:35 PM Response to Reply #4 |
90. If they predicted it, 1) nobody cares what CNBC says, because 2) they're almost always wrong. |
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pnwmom (1000+ posts) Send PM | Profile | Ignore | Sun Oct-17-10 11:25 PM Response to Original message |
5. OR we can watch all the big banks fail and wait for a new Great Depression. |
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Dawson Leery (1000+ posts) Send PM | Profile | Ignore | Sun Oct-17-10 11:28 PM Response to Reply #5 |
6. Perhaps another Great Depression is needed. |
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pnwmom (1000+ posts) Send PM | Profile | Ignore | Sun Oct-17-10 11:38 PM Response to Reply #6 |
10. If you knew anyone who lived through it -- and listened to them -- |
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Dawson Leery (1000+ posts) Send PM | Profile | Ignore | Sun Oct-17-10 11:41 PM Response to Reply #10 |
12. I do not want another depression, but at times |
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pnwmom (1000+ posts) Send PM | Profile | Ignore | Sun Oct-17-10 11:43 PM Response to Reply #12 |
17. And how do you know that wouldn't send people straight into |
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Dawson Leery (1000+ posts) Send PM | Profile | Ignore | Sun Oct-17-10 11:46 PM Response to Reply #17 |
19. It would have been better to have McCain right now |
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pnwmom (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 12:00 AM Response to Reply #19 |
27. Do you realize that's the same argument that Nader supporters used in 2000? |
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Dawson Leery (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 12:03 AM Response to Reply #27 |
29. Different times, different situations. |
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pnwmom (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 12:12 AM Response to Reply #29 |
33. Those who don't learn from history are condemned to repeat it. |
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laughingliberal (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 12:35 AM Response to Reply #33 |
43. Yes. Interesting how there was a roadmap as to how the last one was solved and it has been ignored. |
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pnwmom (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 12:39 AM Response to Reply #43 |
46. There's always going be the right, fighting back. |
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LooseWilly (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 03:16 AM Response to Reply #46 |
72. Fight for what, exactly? |
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rhett o rick (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 10:49 PM Response to Reply #33 |
111. And you need to learn that the banks operate because we allow them to. We make the rules not them. |
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LooseWilly (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 03:08 AM Response to Reply #27 |
71. Don't you mean- we voted in Obama?... |
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LanternWaste (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 09:35 PM Response to Reply #12 |
105. It may also work detrimentally on a national level... |
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laughingliberal (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 12:32 AM Response to Reply #10 |
39. With the county I live in at 18% unemployment and #1 in foreclosures, I am living through it now. |
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pnwmom (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 12:34 AM Response to Reply #39 |
41. I know a number of survivors, including some in Nevada, |
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laughingliberal (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 12:38 AM Response to Reply #41 |
45. I'm in Nevada and they can laugh all they want. If it hasn't reached them, yet, it will. |
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pnwmom (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 12:41 AM Response to Reply #45 |
48. The unemployment rate during the Depression was FAR higher |
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laughingliberal (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 01:01 AM Response to Reply #48 |
54. I believe in our area, it is just as high. When you take into account those who are unemployed and.. |
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pnwmom (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 01:37 AM Response to Reply #54 |
58. There can be no happy talk about 18% unemployment. |
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laughingliberal (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 02:05 AM Response to Reply #58 |
60. For those of us who do not have unemployment benefits or SS now, it is just as bad. |
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pnwmom (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 02:33 AM Response to Reply #60 |
63. Where did I say that the recession now is OK? Or that millions |
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laughingliberal (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 02:53 AM Response to Reply #63 |
66. Krugman is right but it won't happen and the TARP money is the tip of a very large iceberg |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 06:48 PM Response to Reply #63 |
91. TARP money was paid back by funneling money through backdoor bailouts. |
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Hydra (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 10:19 PM Response to Reply #63 |
107. The TARP money was peanuts |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 02:46 AM Response to Reply #58 |
65. The main thing propping up our economy is 1) benefits like SS, SSI, UE, food stamps, housing |
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pnwmom (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 02:53 AM Response to Reply #65 |
67. Deficit spending is the way out, according to Krugman. |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 03:07 AM Response to Reply #67 |
70. what would actually help is prosecuting the crooks, seizing their assets, nationalizing their banks, |
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pnwmom (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 07:08 AM Response to Reply #70 |
75. I'm sure some of the rich suffered. Some of them even killed themselves. |
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laughingliberal (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 02:54 AM Response to Reply #65 |
68. +1 nt |
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dixiegrrrrl (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 10:53 AM Response to Reply #65 |
79. I was wondering how Seattle was faring. |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 06:34 PM Response to Reply #79 |
89. i actually don't live in seattle. i live in a small town south of it. we missed |
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pokercat999 (1000+ posts) Send PM | Profile | Ignore | Tue Oct-19-10 07:20 AM Response to Reply #65 |
119. You're absolutely right, debt that cannot be repaid must be |
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Change has come (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 01:38 AM Response to Reply #54 |
59. But, things are looking up! |
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laughingliberal (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 02:07 AM Response to Reply #59 |
61. Silly of me to fail to celebrate that! Lol. nt |
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Jakes Progress (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 10:32 PM Response to Reply #10 |
108. My mother did. |
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JDPriestly (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 02:30 AM Response to Reply #6 |
62. What do you propose we "do" about "it"? |
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WillyT (1000+ posts) Send PM | Profile | Ignore | Sun Oct-17-10 11:29 PM Response to Reply #5 |
7. Or We Can Break All The Big Failing Banks Into Smaller More Manageable Banks... |
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DJ13 (1000+ posts) Send PM | Profile | Ignore | Sun Oct-17-10 11:32 PM Response to Reply #7 |
8. + a brazillion |
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tkmorris (1000+ posts) Send PM | Profile | Ignore | Sun Oct-17-10 11:40 PM Response to Reply #7 |
11. That's a good idea |
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pnwmom (1000+ posts) Send PM | Profile | Ignore | Sun Oct-17-10 11:42 PM Response to Reply #11 |
14. Thank you for saying it better than I did. n/t |
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rhett o rick (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 10:53 PM Response to Reply #11 |
112. In other words, you want to negotiate with the terrorists (banks). Very foolish. |
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pnwmom (1000+ posts) Send PM | Profile | Ignore | Sun Oct-17-10 11:41 PM Response to Reply #7 |
13. Making them smaller wouldn't solve the problem of mortgage holdings |
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WillyT (1000+ posts) Send PM | Profile | Ignore | Sun Oct-17-10 11:47 PM Response to Reply #13 |
20. Right Now We Have Several Major Banks Holding Worthless Paper... |
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pnwmom (1000+ posts) Send PM | Profile | Ignore | Sun Oct-17-10 11:57 PM Response to Reply #20 |
26. Fine. I'd have no problem with that. But breaking them up |
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laughingliberal (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 12:12 AM Response to Reply #26 |
34. Breaking them up ends their ability to hold our government and all of us hostage every time they... |
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laughingliberal (1000+ posts) Send PM | Profile | Ignore | Sun Oct-17-10 11:44 PM Response to Reply #5 |
18. So, we bail them out again & they have what reason to quit stealing from us? |
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pnwmom (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 12:05 AM Response to Reply #18 |
30. The average American would be hurt far more by another Depression |
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laughingliberal (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 12:29 AM Response to Reply #30 |
38. That was the rationale for the first bail out. We are heading for another disaster & I don't think.. |
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pnwmom (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 12:32 AM Response to Reply #38 |
40. Breaking them up is fine with me. But we still have to do something |
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laughingliberal (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 12:41 AM Response to Reply #40 |
49. Whatever we do now needs to be focused on helping the homeowners. If we had done that lat time... |
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pnwmom (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 12:45 AM Response to Reply #49 |
50. You're right -- I think we needed to lend them that money, BUT |
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laughingliberal (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 12:51 AM Response to Reply #50 |
53. Yes. Under FDR, the government bought up a lot of the bad mortgages and homeowners paid the... |
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LooseWilly (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 02:56 AM Response to Reply #5 |
69. If the banks fail, but everyone owns their houses (well, except me)... I'm game to see how it plays |
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pnwmom (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 07:15 AM Response to Reply #69 |
77. This wouldn't be a just few banks failing. The failure of the largest banks |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 07:18 PM Response to Reply #5 |
92. The banks have already failed. |
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rucky (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 07:55 PM Response to Reply #5 |
96. Are those our only choices? |
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rhett o rick (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 10:45 PM Response to Reply #5 |
110. Banks that are defrauding humans should not only be allowed to fail, they should be forced to fail. |
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Name removed (0 posts) Send PM | Profile | Ignore | Mon Oct-18-10 11:30 PM Response to Reply #5 |
115. Deleted message |
coalition_unwilling (1000+ posts) Send PM | Profile | Ignore | Sun Oct-17-10 11:33 PM Response to Original message |
9. What Carney fails to understand is that the title companies are now |
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dkf (1000+ posts) Send PM | Profile | Ignore | Sun Oct-17-10 11:50 PM Response to Reply #9 |
22. All I see is the congress explcitly acknowledging MERS. |
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coalition_unwilling (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 12:01 AM Response to Reply #22 |
28. Title insurance companies are refusing to issue title insurance policies |
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dkf (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 12:18 AM Response to Reply #28 |
35. MERS has been failing in some cases. |
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coalition_unwilling (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 12:40 AM Response to Reply #35 |
47. One would hope. I just realized that keyboard problems and general fatigue |
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dkf (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 01:05 AM Response to Reply #47 |
55. If the titles of foreclosures are clouded so are the titles of everything else with a mortgage. |
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LooseWilly (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 03:40 AM Response to Reply #55 |
73. A failed country? Like Somalia, yarrr?? |
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pnwmom (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 12:21 AM Response to Reply #28 |
37. If Congress retroactively approved what MERS has been doing, |
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coalition_unwilling (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 12:47 AM Response to Reply #37 |
52. I want to say the '40%' figure came from a column by either Mike Whitney |
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pnwmom (1000+ posts) Send PM | Profile | Ignore | Sun Oct-17-10 11:51 PM Response to Reply #9 |
23. No responsible attorney will tell you to stop making payments |
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coalition_unwilling (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 12:07 AM Response to Reply #23 |
31. I had no plans to stop making mortgage payments. I only want to make |
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pnwmom (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 12:18 AM Response to Reply #31 |
36. I completely understand where you're coming from. |
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CoffeeCat (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 12:02 PM Response to Reply #31 |
83. That's a terrific point...one that leaves me concerned... |
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EFerrari (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 10:58 AM Response to Reply #23 |
80. Friday I read, two big law firms in CA are probably going to file |
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creon (723 posts) Send PM | Profile | Ignore | Mon Oct-18-10 08:34 PM Response to Reply #9 |
99. True |
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truth2power (1000+ posts) Send PM | Profile | Ignore | Tue Oct-19-10 01:00 PM Response to Reply #9 |
120. Not to worry. Title insurance will take care of it. NOT!... |
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ArcticFox (654 posts) Send PM | Profile | Ignore | Sun Oct-17-10 11:42 PM Response to Original message |
15. My opinion has never wavered |
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Dawson Leery (1000+ posts) Send PM | Profile | Ignore | Sun Oct-17-10 11:43 PM Response to Reply #15 |
16. +1 |
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dkf (1000+ posts) Send PM | Profile | Ignore | Sun Oct-17-10 11:54 PM Response to Reply #15 |
24. It wont be through the documentation problems. |
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pnwmom (1000+ posts) Send PM | Profile | Ignore | Sun Oct-17-10 11:56 PM Response to Reply #15 |
25. You'd be happy to see another Great Depression? |
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laughingliberal (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 12:46 AM Response to Reply #25 |
51. I don't think rescuing the banks is the only way to avert it. Especially not another 'no fault' ... |
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taught_me_patience (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 12:08 AM Response to Reply #15 |
32. You seem to not know the role of banks in the economy |
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pnwmom (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 12:36 AM Response to Reply #32 |
44. And some people here would welcome that. |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 07:30 PM Response to Reply #32 |
94. The banks have failed & we are in a depression, despite $23 Trillion in bailouts & backstops. |
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Prometheus Bound (1000+ posts) Send PM | Profile | Ignore | Tue Oct-19-10 03:44 AM Response to Reply #94 |
118. It's kind of obvious isn't it. |
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Catherina (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 12:35 AM Response to Reply #15 |
42. +1 n/t |
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upi402 (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 01:09 AM Response to Reply #15 |
56. I'm too broke to leave the country |
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Rex (1000+ posts) Send PM | Profile | Ignore | Sun Oct-17-10 11:48 PM Response to Original message |
21. Hey it ain't capitalism without a little criminal behavoir from the mega banks! |
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adamuu (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 07:11 AM Response to Original message |
76. This makes me very nervous |
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Stinky The Clown (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 07:25 AM Response to Original message |
78. That's sounds completely believable. Will *this* be the event that brings out the . . . . |
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Subdivisions (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 09:28 PM Response to Reply #78 |
104. Nope. Americans are mostly cowards. The French on the other hand... n/t |
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leeroysphitz (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 11:03 AM Response to Original message |
82. So too big to fail is now too big to prosecute? Why not just end the charade |
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DirkGently (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 12:42 PM Response to Original message |
84. Would almost be surprised if they didn't. Everything's legal, if you own Congress. |
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Tierra_y_Libertad (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 12:46 PM Response to Original message |
85. And, then they'll tell us, again, that bailing out the banksters, again, is for our own good. |
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Junkdrawer (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 12:49 PM Response to Original message |
86. I said that on the 10th.... |
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shanti (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 12:57 PM Response to Original message |
87. what is this?? |
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lib2DaBone (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 07:22 PM Response to Original message |
93. Mr Obama is not a populist.. and not a friend of the left.... |
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harun (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 07:53 PM Response to Original message |
95. When the super-rich ask Congress to jump they say how fast and how high. |
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McCamy Taylor (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 08:03 PM Response to Original message |
97. Only if Wall Street can give them all jobs--and all their out of work staffers too. |
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TBF (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 08:06 PM Response to Original message |
98. Well duh. nt |
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creon (723 posts) Send PM | Profile | Ignore | Mon Oct-18-10 08:45 PM Response to Original message |
100. A potential disaster. |
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pgodbold (953 posts) Send PM | Profile | Ignore | Mon Oct-18-10 08:49 PM Response to Original message |
101. Well of course it will be legalized. Doesn't take a rocket scientist or CNBC to figure that one out. |
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Samantha (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 09:02 PM Response to Original message |
102. This is exactly the conclusion I arrived at today when reading |
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seafan (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 10:12 PM Response to Original message |
106. If we ever needed some courageous leadership for the people, it is now. |
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Jefferson23 (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 10:37 PM Response to Original message |
109. K&R what a disgrace. n/t |
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sabrina 1 (1000+ posts) Send PM | Profile | Ignore | Mon Oct-18-10 11:24 PM Response to Original message |
113. I abslolutely agree with him. IF we let them. |
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creon (723 posts) Send PM | Profile | Ignore | Tue Oct-19-10 01:10 AM Response to Reply #113 |
116. DOJ |
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upi402 (1000+ posts) Send PM | Profile | Ignore | Tue Oct-19-10 03:05 PM Response to Reply #116 |
121. Rick Santelli would pop |
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kenny blankenship (1000+ posts) Send PM | Profile | Ignore | Tue Oct-19-10 01:14 AM Response to Original message |
117. Finally a CNBC prediction that will come true! |
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DU AdBot (1000+ posts) | Sat May 04th 2024, 10:32 PM Response to Original message |
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