September 07, 2008

HousingPANIC Stupid Question of the Day


Doesn't it make you sick that no corrupt and high-profile housing/mortgage/banking CEO who enriched himself during the bubble has been arrested yet, while the US taxpayer is now on the hook for hundreds of billions in losses?

Bonus Question: WHERE THE F*CK IS THE INDEPENDENT CONGRESSIONAL INVESTIGATION OF THE FANNIE / FREDDIE MELTDOWN AND TAXPAYER BAILOUT? IS IT UP TO US TO FORMALLY DEMAND A SPECIAL PROSECUTOR?

39 comments:

Anonymous said...

Not really because it becomes the "New Normal" as my mental health Dr says.

Anonymous said...

It makes me sick that Fannie-Freddie were able to buy up junk loans and now we're stuck with them

Anonymous said...

He should be jailed for simply being so ugly. He should get the electric chair for his deeds.

Anonymous said...

The government should arrest and seize the assets of every REIC CEO and board member to pay for these losses

Anonymous said...

It does, however I'm hoping to see many frog marches under an Obama administration.

Keith

Please don't close down HP quite yet. Your take on the situation is one of the most cutting edge to be found. I found this blog very early and have been a loyal reader since. If there were another blog out there with the same in your face, no holds barred style I would say go ahead an close HP down. There is not. I know this consumes a good deal of your time, but please hang on for a bit longer. At least through 1/21/09 (the day after the next president is inaugurated)

Please

Thanks for all you do Keith. Your contribution to the discourse on this topic is invaluable.

Anonymous said...

criminals..
I think It was a mistake for Barack Obama to say that he may charge the Bush administration with crimes..That is something you say after your elected..I really believe whoever does this has to be very careful for their lives.
And that is no joke.
Keith is this much more complicated than we could every imagine? Or is the same old republican crap no regulation of anything let things work out on their own. I get the feeling the bad guys are saying enough already I feel kind guilty america wake up don't you see what we have been doing the last eight years..
We have not even touch on Blackwater,Haliburton all the war profiteering..Or the money that was stolen from New Orleans...
Guys some pretty bad people have gotten away with some evil stuff. If people like republicanss 1% rich are scared about raising taxes on them who is going to foot this bill? THE F'IN MIDDLE CLASS....SO IF A REPUBLICAN IS IN HOUSE EXPECT YOUR TAXES TO RISE RISE RISE.....

rigged game said...

In the GOP's new plutocratic standard of legalized theft, accountability only applies to those 'unfortunates' who make less than $5 million a year.

Anonymous said...

NEWS FLASH ****

Well, our elected officials have been just turning their heads, but the good news is: Hurricane IKE, a Cat-5 monster, is headed directly toward Crawford, Texas!

Yee-Haa!

Anonymous said...

It's not surprising at all. Neither party, and by extension neither candidate, has the stones to go after this country's power base. Look what happened to Ron Paul. Nobody wants to decrease the confidence in the system, for that could make things even worse??? It will take a massive collapse of unheard of proportions before there is enough of a populist movement to make such things happen. These are really political decisions, not economic/law enforcement decisions. The USSR didn't go after it's own criminal until after it collapsed, so our "free market capitalists" won't go after our own criminals until our darkest hour. God help us all.

Anonymous said...

It's not surprising at all. Neither party, and by extension neither candidate, has the stones to go after this country's power base. Look what happened to Ron Paul. Nobody wants to decrease the confidence in the system, for that could make things even worse??? It will take a massive collapse of unheard of proportions before there is enough of a populist movement to make such things happen. These are really political decisions, not economic/law enforcement decisions. The USSR didn't go after it's own criminal until after it collapsed, so our "free market capitalists" won't go after our own criminals until our darkest hour. God help us all.

Anonymous said...

Nah. Think about what Bushco and Cheneyburton have stolen. Not to mention over 4 thousand dead servicepeople.

Hitler doesn't look so bad now, does he?

Paul E. Math said...

Yes, sick to my stomach. Botulism sick. Sick like a college freshman at his first yuckaflux party. Sick like a junkie coming off heroin.

I'm talking projectile. I'm talking technicolor, niagara, bowl-filling regurgitation.

Ever see the Exorcist? See it again, you'll know what I mean: I'm strapped to the bed and when the priest goes to put his holy cloth or cowl or whatever that thing is around my neck I turn to the side and cover it with bile.

Yes, I would say that it does make me sick.

Anonymous said...

There has been one indictment in Ohio with past president of Randall Mortgage for leaving vital documents for all to see at his past office in Dublin OH. He's being or has been indicted by the AG of Ohio.

Anonymous said...

Amazing that congress is willing to spend 25 billion (i think it will ultimately be more than 100Billion) to bail out the GSEs but not demand an investigation.

Why would that be I wonder...... Perhaps members of congress would get exposed?

Anonymous said...

There has been more investigation into the refueling tanker contract problem than there has been into the GSEs (none) before the tax payer is asked to pony up tens of billions....

Anonymous said...

hey, why don't they publish the Morgan Stanley audit of the GSEs? Tax payers I am sure have payed for it, why shouldn't we be able to get a copy?

SeattleMoose said...

The Financial Mafia takes care of its own....

hp fan said...

The entire legal system in America is screwed up.

You go to jail for simple possession of a plant, marijuana, but steal hundreds of billions from shareholders and taxpayers then go unpunished.

The criminal side of the legal system is just the beginning as well. Half the money companies make these days is either from lobbied subsidies or legal shenanigans forcing competitors out of business, it's completely and totally disgusting.

Healthy Glow said...

Anonymous said...
He should be jailed for simply being so ugly. He should get the electric chair for his deeds.


Just tell him it is a new kind of tanning machine.

SUFFERING BRAINSTEMS said...

This is the Age of Conservatism. The brainstem conservatives don't want to see the crooks prosecuted, they want to emulate them. They applaud them, worship them for getting rich in the way that conservatives have been getting rich since the beginning of time. By stealing from others.

But they don't steal like the petty criminal on the street by mugging you or breaking into your car. They do it in a suit through methods that can only be compared to organized crime.

That's what the majority voted for when they elected republicans to run the country for the last 30 years. See, the brainstems reading this know that one needs to follow the republican credo of wealth creation: "Get as much as you can, all that you can, and don't give a second thought to how you do it."

I love that the next generations will get stuck with the tab. I relish the idea of an America with a drastically reduced standard of living. I hope that makes it weak and easier to attack and conquer. Nothing would be better for mankind than to see this shit hole of a country destroyed.

k.w. - Southern Ca. said...

Well, many of your points I agree with, but seeing the entire country go down in flames is not good for anyone.

None of us live in a bubble, the impact of all this reckless greed will impact most of us in some negative way.

If you do have children, I would worry more about their future, since they'll be the ones having to pay for the majority of this horrible debt we've put ourselves in over the past 8-years.


SUFFERING BRAINSTEMS said...
This is the Age of Conservatism. The brainstem conservatives don't want to see the crooks prosecuted, they want to emulate them. They applaud them, worship them for getting rich in the way that conservatives have been getting rich since the beginning of time. By stealing from others.

But they don't steal like the petty criminal on the street by mugging you or breaking into your car. They do it in a suit through methods that can only be compared to organized crime.

That's what the majority voted for when they elected republicans to run the country for the last 30 years. See, the brainstems reading this know that one needs to follow the republican credo of wealth creation: "Get as much as you can, all that you can, and don't give a second thought to how you do it."

I love that the next generations will get stuck with the tab. I relish the idea of an America with a drastically reduced standard of living. I hope that makes it weak and easier to attack and conquer. Nothing would be better for mankind than to see this shit hole of a country destroyed.

toby said...

The election is front and center stage right now. If Obama wins you can expect a cavalcade of frog marching mortgage CEOs on the evening news. If McCain wins everything gets swept under the rug. Those that win get to write the history.

vanilla ice said...

I've thrown up twice today.

Anonymous said...

The assets have long since been drained; all that remains is the debt.

DEFAULT, America. You are crooked as hell.

Anonymous said...

This is America. The wealthy people here are above the law. Don't hold your breath waiting for anyone to be arrested.

Anonymous said...

The elecric chair is too humane method of behavior modification. He needs to dress in a TZITZIT and wear a Yarmulke when we drop him off in Mecca to convert Muslims and to celebrate Yom Kippur in front of the Kaaba in Mecca. Oh yes, it would be very interesting indeed.

Ross said...

Ooooooohhhhh I really want to see that little oompa loompa burn. Whoever said that we should seize his assets and everyone like him to pay for the mess they made - You took the words right out of my mouth.

I thought mortgage fraud was illegal and punishable with prison time. In fact, I learned that during my days at Countrywide. I suppose we were all mistaken.

Anonymous said...

This blog is virulently anti-semitic. You will have to pay Holocaust compensation if you want to avoid punishment.

bitterrenter said...

I don't care. I hate this country for its ignorance and can't wait to see it fall. I'll especially enjoy watching the children suffer,

Agent 99 said...

I believe you photo-shopped Mozilo's picture. He is not that dark...he's lost that orange tinge.

I'd like to see him lighter...you know, that prison pallor kind of color.

ATE-UP said...

ATE-UP SAID:

Hey Keith, why don't you block bitter renter? Saying he wants to see the children suffer is way overboard.

ATE-UP

NONE OF THE ABOVE!!!! said...

INDEPENDENT Congressional investigation?

HAHAHAHAHAHA!

You seem to think that Democrats and Republicans are different political parties :)

I told you, both parties have screwed us over!

gutless and lazy said...

Bonus Question: WHERE THE F*CK IS THE INDEPENDENT CONGRESSIONAL INVESTIGATION OF THE FANNIE / FREDDIE MELTDOWN AND TAXPAYER BAILOUT? IS IT UP TO US TO FORMALLY DEMAND A SPECIAL PROSECUTOR?


Answer: In the purchased pockets of big business.

USA Gov't, best gov't money can buy.


Next question.

Anonymous said...

$25 billion is a laughable underestimation of the real cost to taxpayers. Will be in the hundreds of billions. See John Talbot, whose 2003 book "Sell Now" exactly predicted this catastrophe.

Ross said...

"This blog is virulently anti-semitic. You will have to pay Holocaust compensation if you want to avoid punishment."

What the hell does that even mean? I hope you were being sarcastic. If so, my apologies because that one went over my head. If not, you are a mama's boy loser who's pair never dropped.

obama kool-aid said...

What the leftwing kool-aid retards fail to mention is that Congress under Pelosi and Reid passed the law allowing the Treaury Dept to assume all of F&F's debt.

Anonymous said...

what about the ca. $100 million golden parachutes these miserably failed CEOs will receive?

and yes, they were not reporting results according to generally accepted accounting practices (GAAP)--which makes them total crooks who should be prosecuted. the US taxpayers all seem to be willing to roll over and play dead. double digit hyper-inflation will be their reward.

and why are none of our prez candidates railing about this?

Anonymous said...

I told you from the beginning that Orangezillo was not going to have any charges against him.

Anonymous said...

rigged game said...
In the GOP's new plutocratic standard of legalized theft, accountability only applies to those 'unfortunates' who make less than $5 million a year.
----------------------------------
I couldn't have said it any better myself.