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7 comments

1 HappyWarrior  Sun, Feb 3, 2013 9:50:11am

Shit gets fucking old.

2 Skip Intro  Sun, Feb 3, 2013 10:00:50am

These bastards have to be removed from office. God knows the Democrats are no panacea, but the Republican Party is determined to take the country back 150 years if it can.

I’ll never vote for another Republican, for any office, until the party completely remakes itself into one that fits in the 21st century.

3 Romantic Heretic  Sun, Feb 3, 2013 10:07:30am

Quelle surprise.

4 Tigger2  Sun, Feb 3, 2013 10:31:34am

Just another prime example of the Republicans not giving a shit about the middle class consumers, or the middle class in general.

5 Cap'n Magic  Sun, Feb 3, 2013 10:42:28am

Speaking of CFPB, I’m sure that if were around way back when, the incredible findings during discovery in MBIA vs. Credit Suisse would be rather inetresting-after all, with Citizens United stating coproations are citizens, MBI should be allowed to use the CFPB:

The Big Picture:

2. As discovery in this case thus far demonstrates, in this final role, Credit Suisse wantonly violated the norms of legitimate business practice to induce MBIA to enter into the Insurance Agreement and issue the Policy. It knowingly made material misrepresentations to MBIA, and provided false warranties, to induce MBIA to issue the Policy. These false representations and warranties concerned, primarily, the attributes of the Loans and the manner in which Credit Suisse’s loan conduit operations originated, acquired, and reviewed them. Credit Suisse knew, but did not disclose to MBIA, that the collateral pool was replete with defective Loans, including hundreds of Loans that Credit Suisse already had attempted to return to the originators prior to the transaction with MBIA. Credit Suisse knew, but did not disclose to MBIA, that originators from which it was acquiring Loans were, for example, – in the words of Credit Suisse executives – “shady as fck,” [sic] would “try to get away with anything they c[ould],” and were selling to Credit Suisse “complete garbage. Utter complete garbage.” And Credit Suisse knew but did not disclose that its loan operations were a farce, internally mocked by its own executives. Indeed, in April 2007, just weeks before the Policy issued, a Credit Suisse managing director joked to the senior executive responsible for Credit Suisse’s mortgage loan conduit business, “what does our loan conduit and the Titanic have in common?” Five minutes later, the senior executive responded, “both sleep with the fish.” Other Credit Suisse executives discussed their knowledge that Credit Suisse’s practices encouraged loan sellers “to continue delivering us crap,” which loans were then acquired and securitized by Credit Suisse “no matter how shitty production is and no matter how bad performance is.”

The irony here it isn’t the Fed, SEC or Treasury where this action is taking place-It’s being done in New York State.

6 Achilles Tang  Sun, Feb 3, 2013 10:57:18am

Does anyone have a list of those 43 senators? Google can’t find one.

7 nines09  Sun, Feb 3, 2013 12:03:41pm

You can see where the GOP is coming from. There’s only so many things to loot left.


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