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2016 Postmortem
In reply to the discussion: Bernie nailed it: Wall Street is FRAUD. [View all]Octafish
(55,745 posts)32. Is he a friend of William K. Black, too? He'd make a great AG as he knows what Fraud is.
Hillary, the Banksters Committed 'Fraud,' Not 'Shenanigans'
William K. Black
Huffington Post, 02/04/2016
Former Secretary of State Hillary Clinton, in her debate with Senator Sanders minutes ago, said that she went to Wall Street and told them to stop their "shenanigans." The context was that she was being asked to respond to the complaint that she was too close to on Wall Street billionaires. She had every incentive, therefore, to demonstrate how tough she would be on Wall Street.
In that context, the best she could muster was the pusillanimous "shenanigans." Here is a typical definition of that word with examples.
Hillary cannot bring herself to use the "f" word in the context of Wall Street CEOs leading the largest and most destructive fraud epidemics in history - frauds that made them spectacularly wealthy. A few minutes later, Bernie said that "fraud" was Wall Street's business model.
SNIP...
Here is the reaction of another prominent official to the plight of the homeowners:
"Along with innovation came complexity, and complexity is the enemy of transparency. I had high school friends and grade school friends that got put into mortgages by unscrupulous brokers. Some lost their houses, and I spent time with them and looked at what they had been conned into accepting--they didn't understand what they were signing on for. It was despicable."
"Despicable." The person I am quoting is Hank Paulson, former head of Goldman Sachs, and Secretary of the Treasury under President Bush. Paulson is not by nature someone with great sympathy for the poor. Hillary urges us to believe that because she started as a lawyer for an NGO she has established that she is a person of exceptional empathy. But her 2007 speech to Wall Street was a direct test of character that she failed. Hank Paulson, the leader of the "Vampire Squid," won the test of reality and human sympathy and Hillary lost -- and it wasn't close.
Hillary could easily have gotten the issue correct by talking with Miller and Madigan to get the facts. Both AGs are leading endorsers of Hillary's campaign. Hillary did not investigate, she did not even take the step that Hank Paulson did and check with friends with real experience with foreclosures.
Hillary simply believed the banksters' myths about the crisis. She pronounced sentence on the people losing their homes who were the victims of the banksters' frauds. She implicitly cast the banksters as the victims of the homeowners. The best she could muster was to note that the banksters should have vetted the loans more carefully. What courage.
SOURCE: http://www.huffingtonpost.com/william-k-black/hillary-the-banksters-com_b_9164930.html
William K. Black
Huffington Post, 02/04/2016
Former Secretary of State Hillary Clinton, in her debate with Senator Sanders minutes ago, said that she went to Wall Street and told them to stop their "shenanigans." The context was that she was being asked to respond to the complaint that she was too close to on Wall Street billionaires. She had every incentive, therefore, to demonstrate how tough she would be on Wall Street.
In that context, the best she could muster was the pusillanimous "shenanigans." Here is a typical definition of that word with examples.
1. : a devious trick used especially for an underhand purpose
2. 2a : tricky or questionable practices or conduct --usually used in pluralb : high-spirited or mischievous activity --usually used in plural
Examples of SHENANIGAN
1. students engaging in youthful shenanigans on the last day of school
2. an act of vandalism that went way beyond the usual shenanigans at summer camp
Hillary cannot bring herself to use the "f" word in the context of Wall Street CEOs leading the largest and most destructive fraud epidemics in history - frauds that made them spectacularly wealthy. A few minutes later, Bernie said that "fraud" was Wall Street's business model.
SNIP...
Here is the reaction of another prominent official to the plight of the homeowners:
"Along with innovation came complexity, and complexity is the enemy of transparency. I had high school friends and grade school friends that got put into mortgages by unscrupulous brokers. Some lost their houses, and I spent time with them and looked at what they had been conned into accepting--they didn't understand what they were signing on for. It was despicable."
"Despicable." The person I am quoting is Hank Paulson, former head of Goldman Sachs, and Secretary of the Treasury under President Bush. Paulson is not by nature someone with great sympathy for the poor. Hillary urges us to believe that because she started as a lawyer for an NGO she has established that she is a person of exceptional empathy. But her 2007 speech to Wall Street was a direct test of character that she failed. Hank Paulson, the leader of the "Vampire Squid," won the test of reality and human sympathy and Hillary lost -- and it wasn't close.
Hillary could easily have gotten the issue correct by talking with Miller and Madigan to get the facts. Both AGs are leading endorsers of Hillary's campaign. Hillary did not investigate, she did not even take the step that Hank Paulson did and check with friends with real experience with foreclosures.
Hillary simply believed the banksters' myths about the crisis. She pronounced sentence on the people losing their homes who were the victims of the banksters' frauds. She implicitly cast the banksters as the victims of the homeowners. The best she could muster was to note that the banksters should have vetted the loans more carefully. What courage.
SOURCE: http://www.huffingtonpost.com/william-k-black/hillary-the-banksters-com_b_9164930.html
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Is he a friend of William K. Black, too? He'd make a great AG as he knows what Fraud is.
Octafish
Feb 2016
#32
What the savings in taxation to ONE Hedge Fund could buy the American People...
MrMickeysMom
Feb 2016
#5
The way I understand things, people on Wall Street are doing things that are flat out illegal.
brewens
Feb 2016
#12
Clinton via CNN now saying, why would WS be running $6 million ads against me if they didn't
Jefferson23
Feb 2016
#18
The comfort of the rich depends on an abundant supply of the poor. Voltaire
Tierra_y_Libertad
Feb 2016
#19
Chuckie tried to dismiss it as silly by claiming it CAN'T be because pensions are in there....
Spitfire of ATJ
Feb 2016
#26
Some people get richest betting on the abject failing of the masses' investments.
valerief
Feb 2016
#28