Senator Warren calls for the Jailing of [Wall Street Bankers]

[evanrick]

Re: Senator Warren calls for the Jailing of Hillary's campaign financiers

 

[TX-Beau]

Re: Senator Warren calls for the Jailing of Hillary's campaign financiers

Hillary should be testifying on CEO's and Bankers behalf, she is their primary cheerleader.

...rimshot...

You forgot to blame Hillary for her war on Christmas.

 

[PacificBeach]

Wow! It amazes me! Evanrick's starting position is Elizabeth Warren was off the "reservation" in being a renegade. Then by a few posts on his thread he wants to vaunt Elizabeth Warren to the top. What a complete troll. Evanrick, you disgust me.

 

[rareboy]

Re: Senator Warren calls for the Jailing of Hillary's campaign financiers

Hillary Clinton lacks the personal principles necessary to carry out a progressive campaign, shes a dirty tainted candidate.

Still shitposting for Trump?

 

[cocksucker4use]

Re: Senator Warren calls for the Jailing of Hillary's campaign financiers

Indeed. The bizarre hatred of democrats for banks goes back to Jefferson, Jackson and WJBryan. Republicans believe in free enterprise of which banks are an important component. The 2008 meltdown under the democrat Congress resulted from dems requiring loans to poor and minorities. Many of the main actors were Jewish democrats, whom the democrats are not about to prosecute.

Fraudulently opening accounts for your own fucking CLIENTS and forging their signatures to reap $MILLIONS in bonuses is free enterprise? Even Adam Smith is turning over in his grave, for Chrissakes! GREED that knows no bounds. The same unholy motherfuckers who destroyed millions of lives with the mortgage bundling debacle leading up to the CRASH of 2008. Only ONE faced criminal prosecution, then. The Board of Wells Fargo have a fiduciary duty and are personally liable for the planned, overt, systemic and illegal activities of the company. I am a stock holder, and I feel the pain, but I write daily demanding the Board purge all the criminals in their midst. Senator Warren is a champion of the consumer. On this, she has no political agenda. Those with a political agenda are they who would deny that Stumpf and his executive compensation coven at WF should be investigated and prosecuted to the full extent of the law. Internally, the knew enough to fire 5,300 twelve dollar an hour minions who executed on their SCAM. That to me screams that there is tons of documentation and 5,300 potential witnesses to support a criminal investigation.

 

[nyctopgam]

Indeed. The bizarre hatred of democrats for banks goes back to Jefferson, Jackson and WJBryan. Republicans believe in free enterprise of which banks are an important component. The 2008 meltdown under the democrat Congress resulted from dems requiring loans to poor and minorities. Many of the main actors were Jewish democrats, whom the democrats are not about to prosecute.

Separate the investment banks from consumer banks. See how much of the problem disappears. .

 

[opinterph]

Re: Senator Warren calls for the Jailing of Hillary's campaign financiers

The 2008 meltdown under the democrat Congress resulted from dems requiring loans to poor and minorities.

Bush drive for home ownership fueled housing bubble (New York Times; December 2008)

Home Ownership and President Bush (YouTube Video; November 2008)

 

[eastofeden]

Re: Senator Warren calls for the Jailing of Hillary's campaign financiers

Are you unwell? I'm serious. What is your point? Senator Elizabeth Warren is just that; a SENATOR. You know that "other" yet equal branch of government known as the legislature. If you actually had been a Bernie supporter, you'd be fully in favor of this, yet your Trumpisms betray your trolling.

As a Bernie supporter and donor, I want him to go back to the Senate and work with other progressives like Warren, Franken, Merkley, Klobuchar, Blumenthal, and Wyden. It is likely Democrats will retake the Senate and have 51 or 52 seats. Having progressives with 7 to 9 seats will keep the pressure on a potential Clinton Presidency to move further to the left than otherwise possible.

It annoys me to no end the people who think that politics is an all or nothing gambit. Politics is just like American football. In order to win, you need to move the ball downfield, 5 yards at a time. A big win, is a "nice pass" 20 or 25 yards down field. In each Presidency you only get one or two touchdowns per term if you're lucky. The goal is to keep plunging ahead step by step. The American political system is designed for very slow changes. That said, you do get bursts of movement from time-to-time. Take gay rights for example....since Stonewall us homos have been pushing for change year-by-year. Law by law. Ordinance by ordinance. Statute by statute. We look up and think "wow" look how far we've come! Yeah, well it took us nearly 50 years to get here!

WOW...FANTASTIC ANALOGY!!!! I am blown away...and I am gonna borrow it in the future if it is OK with you. I hammer away at the same thing to the all or nothing people...especially when the Tea Party was rising.....and I would have had a lot more success if I had used your football analogy...brilliant really!

I hope your ban is not permanent...I want to read you again...so hurry back if you can

 

[evanrick]

Re: Senator Warren calls for the Jailing of Hillary's campaign financiers

The Clinton foundation has received between 100-250k from Wells Fargo. Bill Clinton got 200k for giving a speech to wells Fargo.

Hillary Clinton has still not released the transcripts of her speeches shes given to the biggest wall street banks.

 

[Kabluey]

The Clinton foundation has received between 100-250k from Wells Fargo. Bill Clinton got 200k for giving a speech to wells Fargo.

Hillary Clinton has still not released the transcripts of her speeches shes given to the biggest wall street banks.

Yep, and they spend that money on development projects including health programmes, women's programmes and environmental initiatives in the developing world.
For shame that loose money should help poor people.

 

[Benvolio]

Re: Senator Warren calls for the Jailing of Hillary's campaign financiers

Bush drive for home ownership fueled housing bubble (New York Times; December 2008)

Home Ownership and President Bush (YouTube Video; November 2008)

The article does not suggest what Bush actually did to increase home ownership, beyond talk. As President what could he do? It was a democrat Congress which passed the Community Reinvestment Act, and the regulators and FDIC who actually required mortgages to low income people. The loans made were flexible interest mortgages, affordable when rates are low, but often not when rates go up. The regulators and Fed knew the vast number of such mortgage being made. The regulators conducted separate audits to see if banks were sufficiently complying with the requirement to make such loans. THEN the Fed began raising interest rates. The banks were required to "mark to market" their loans, i.e. show them ago lower value on the financial statement to reflect the lower than current rate. The FDIC then panicked and required banks to increase their capital to correct the low capital/net worth resulting from the marking to market. Banks had to stop making loans to preserve capital.

 

[opinterph]

Re: Senator Warren calls for the Jailing of Hillary's campaign financiers

The article does not suggest what Bush actually did to increase home ownership

George W. Bush

Fact Sheet: Expanding Homeownership Opportunities for All Americans

(The American Presidency Project; December 2003)

---

Presdent George W. Bush

Record of Achievement

Expanding Home Ownership

(The White House [archive])​

 

[Kulindahr]

Re: Senator Warren calls for the Jailing of Hillary's campaign financiers

No. Most people have moved on, and there is very little public interest; virtually none on the Republican side.

Once again you engage in the fallacy of switching the meaning of a word in the middle of an argument. "Public interest" does NOT mean the amount of interest the public shows about a matter.

 

[Kulindahr]

Re: Senator Warren calls for the Jailing of Hillary's campaign financiers

I met this twat Stumpf. He is the 2nd biggest toady I ever met next to John Edwards (NC). Tell me Elizabeth Warren is wrong here:

That jerk is a great example of the hidden compensation of executives that leads them to manipulate their companies to maximize not the health of the company but the returns to their own pockets. The real rate of CEO compensation at large corporations is often cited as around three hundred times that of their ordinary employees, but the reality is that the number is very close to a thousand times* because of the very games Warren points out that this jerk played, serving not the interests of his customers not of his employees nor even his company, but himself.

While her reasoning in pinning him down on this was a bit thin, she did a good job of presenting the facts. At the same time, I would have loved to see her pounce on his own phrase, "deepening the relationship", because the term is true, just not the shiny way he wants it to come across: it was a way of getting the customers deeper into the clutches of Wells Fargo not for the customers' sake, but for the sake of pumping up stock value.

There's also, BTW, evidence that on his watch Wells Fargo utterly neglected their obligation to protect the accounts of their customers, doing nothing to track down fraudulent transactions that left individuals and families faced with the loss of their savings and investments. The whole thing is bad enough I favor breaking the company into at least fifty pieces, one in each state and territory of the U.S. and one in each foreign country in which they do business.


*reference

 

[Kulindahr]

Re: Senator Warren calls for the Jailing of Hillary's campaign financiers

Hillary should be testifying on CEO's and Bankers behalf, she is their primary cheerleader.

Not even close. If you set the actions of all the various senators alongside each other, Hillary is well down the list, behind a large gang of GOP slimeballs.

 

[Kulindahr]

BTW, she's not quite spot on with her way to get these CEOs to behave: jail isn't enough. Any of them found guilty of manipulating their company's stock for their own gain should have all of that gain confiscated (I'd throw it at the national debt). Only the total loss of their ill-gotten wealth will make them hesitate.

On top of that, in any convicted CEO's company, all bonuses above $10k/yr should be confiscated as well -- that would make the lower level people keep their CEO's toes to the fire.

 

[Kabluey]

BTW, she's not quite spot on with her way to get these CEOs to behave: jail isn't enough. Any of them found guilty of manipulating their company's stock for their own gain should have all of that gain confiscated (I'd throw it at the national debt). Only the total loss of their ill-gotten wealth will make them hesitate.

On top of that, in any convicted CEO's company, all bonuses above $10k/yr should be confiscated as well -- that would make the lower level people keep their CEO's toes to the fire.

Given the resources available to these CEOs in terms of world leading legal expertise, it's a struggle to get a conviction in the first place.

Ideally class actions led by shareholders world be more common. But that's unlikely when large shareholdings are controlled by companies with similar pay structures and vulnerabilities.