This week, grasping racist trial lawyers (aka Obama's base) massacred our nation's most important job creators, predatory bankers. Gubmint lawyers (conflict of interest, much?) announced a $175 million settlement to be paid by the Wells Fargo Stagecoach & Freight Haulage Co. to a bunch of ungrateful blahs and Messicans who were granted the great privilege of sub-prime loans by one of Wells Fargo's more predatory subsidiaries (like that is even Wells Fargo's fault). Turns out these borrowers were "qualified" to receive ordinary loans with lower fees and interest rates, just as if they were regular Americans, but didn't because, duh? Look at them.
At the end of the day, though, it's the shareholders who get screwed. The executives who committed the not-admitted-to crimes cash their paychecks and collect their bonuses as if nothing happened, or at worst depart -- with a huge golden parachute -- to "pursue other interests."
Of course, if the crooks are low enough on the corporate food chain (middle management or below), they might get the boot, or even get fed to the prosecutors. Corporate image, somehow, becomes much more important in those situations.
&quot;The LA Times noted that this was a case of <strike>just one,</strike> <b> the latest</b> rare bad apple in an otherwise pristine barrel of vital financial services:&quot;
Meanwhile, poor bank JPMorgan Chase disclosed on Friday that losses on its botched credit bet could climb to more than $7 billion -- and that the bank&rsquo;s traders may have tried to obscure the full extent of the disaster. The company announced that its earnings for the first quarter were no longer reliable and would be restated. Federal regulators are now looking at whether employees of the bank intended to defraud investors.
No word yet from GOP lawmakers on how they will make this easier for Jamie Dimon. Experts have expressed doubt that more blow jobs from Spencer Bachus will be sufficient.
Oh, it&#039;s real enough ... but often, instead of a hand job, you get an invisible fist up the ass. It mostly depends on how rich and connected you are.
&quot;Another former Wells Fargo unit &ndash; the now-defunct subprime storefront lender Wells Fargo Financial Inc. &ndash; was the target of a separate investigation . . . &quot;
Methinks there&#039;s more than one bad apple in that stinky barrel.
Huh, who knew weasels liked peanut butter; and also; are you sure the real weasels wouldn&#039;t show professional courtesy to the banking weasels?
When I first moved to Texas, about 18 years ago, the banks would not consider me for a mortgage because I was on an H1B visa. As soon as I got permanent resident status, said banks were clogging my mailbox with their flyers. I suspect that I was collateral damage from (semi) legal redlining.
At the end of the day, though, it&#039;s the shareholders who get screwed. The executives who committed the not-admitted-to crimes cash their paychecks and collect their bonuses as if nothing happened, or at worst depart -- with a huge golden parachute -- to &quot;pursue other interests.&quot;
Of course, if the crooks are low enough on the corporate food chain (middle management or below), they might get the boot, or even get fed to the prosecutors. Corporate image, somehow, becomes much more important in those situations.
&quot;The LA Times noted that this was a case of <strike>just one,</strike> <b> the latest</b> rare bad apple in an otherwise pristine barrel of vital financial services:&quot;
sure why not?
wells fargo, chase, barclays / LIBOR. who needs fucking regulation?
Meanwhile, poor bank JPMorgan Chase disclosed on Friday that losses on its botched credit bet could climb to more than $7 billion -- and that the bank&rsquo;s traders may have tried to obscure the full extent of the disaster. The company announced that its earnings for the first quarter were no longer reliable and would be restated. Federal regulators are now looking at whether employees of the bank intended to defraud investors.
No word yet from GOP lawmakers on how they will make this easier for Jamie Dimon. Experts have expressed doubt that more blow jobs from Spencer Bachus will be sufficient.
Oh, it&#039;s real enough ... but often, instead of a hand job, you get an invisible fist up the ass. It mostly depends on how rich and connected you are.
This is...wait for it...MAJOR good news.
&quot;Another former Wells Fargo unit &ndash; the now-defunct subprime storefront lender Wells Fargo Financial Inc. &ndash; was the target of a separate investigation . . . &quot;
Methinks there&#039;s more than one bad apple in that stinky barrel.
Huh, who knew weasels liked peanut butter; and also; are you sure the real weasels wouldn&#039;t show professional courtesy to the banking weasels?
When I first moved to Texas, about 18 years ago, the banks would not consider me for a mortgage because I was on an H1B visa. As soon as I got permanent resident status, said banks were clogging my mailbox with their flyers. I suspect that I was collateral damage from (semi) legal redlining.
Before I heard the name pronounced, I thought it was like &#039;watch over ya&#039;.&quot; Seemed reassuring
Then I heard the real pronunciation, &quot;Walk over ya&#039;.&quot; Yikes.