July 17, 2008

HousingPANIC Quote of the Day

"I believe we have turned a corner and that our business is improving"

-Disgraced and soon-to-be-arrested former IndyMac CEO Michael Perry, just weeks before his company collapsed and was seized by the US government, April 2008

12 comments:

Anonymous said...

Oh yeah, and Mr. Bush said the other day "Banking system Basically Sound"..... Watch out in a bout 1 mo to 2.....

FOA PAC COMMITTEE said...

SEE, THE PROBLEM WITH JUST MAKING CAMPAIGN CONTRIBUTIONS IS ITS LIKE HAVING A SQUIRT GUN IN YOUR POCKET...

EVENTUALLY YOU'RE GONNA HAVE TO TO CALL PEOPLE AND REMIND THEM YOU MADE THEM YOU COUGHED UP A LOT OF DOUGH TO KEEP THEM IN OFFICE, MUCH LIKE YOU'D HAVE TO PULL THE SQUIRT GUN OUT AND USE IT...

BUT, IF YOU HAVE THE SENATORS THEMSELVES IN YOUR POCKET, IT'S LIKE HAVING A BAZOOKA... NOBODY'S GONNA TEST YOU...

DOPES!!!!

Miss Goldbug said...

a voice from the past repeating what's said today:

"There is nothing in the situation to be disturbed about."
- Secretary of the Treasury Andrew Mellon, Feb 1930

joe 6pack said...

Hope he likes taking it in arrears.I wonder if casey will visit him for serviceing?

Shit is hitting the fan.I wonder if the FBI is hiring? All the unemployed realtors can help arrest their friends.

CB said...

Face it - none of these guys are going to prison.

CEOs run companies into the ground all the time, and usually not only do they NOT go to jail, they get a huge golden parachute.

I'm not saying that these guys shouldn't go to jail, just that it's really wishful thinking if you expect it to happen.

If anyone should go to jail over this thing, it's the politicians who are stealing taxpayer money to bail out their banking buddies right now. In other words, the whole damn Congress (except for 2 or 3 honest people). Talk about corruption.

silly devestment said...

Yes, my orders are up! Unfortunately people have stopped sending the money.

Problem Solved said...

Arrest the people who cheated and fine them to pay for the bailout.

Anonymous said...

He learned well from his mentor the Orangezillo.

Anonymous said...

Anonymous CB said...

Face it - none of these guys are going to prison.

"CEOs run companies into the ground all the time, and usually not only do they NOT go to jail, they get a huge golden parachute...."

I think CB has nailed it. Rich people in America own the government, and they are above the law.

Adam SlowHand Smith said...

Add that to GE's CEO saying just weeks before their earnings tanked: "good earnings are in the bag".

keyser soze said...

No one saw this coming...

Anonymous said...

What, me worry?

Alfred E. Neuman