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"A European Lynch Mob Is Coming For Bank of America"
Forbes ^ | 10252010 | Matt Schifrin

Posted on 10/25/2010 11:33:02 AM PDT by TheDailyChange

"The latest ugly news for Bank of America is actually coming from Europe, where big institutional money managers and other mortgage securities buyers are now beginning to organize for an assault."

(Excerpt) Read more at blogs.forbes.com ...


TOPICS: Business/Economy; Government; Local News; Politics
KEYWORDS: bankofamerica; boa; citigroup; dodd; finreg; foreclosure; foreclosuregate; frank; jpmorgan; remics; robosigner; toobigtofail
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1 posted on 10/25/2010 11:33:05 AM PDT by TheDailyChange
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To: TheDailyChange

Good. I hate Bank of America. They are a very pro-illegal alien bank. The nice thing about most of Europe is they do not elect Muslims to run their country.

Blame idiots in America who watch TV for Obama.


2 posted on 10/25/2010 11:37:08 AM PDT by Frantzie (Imam Ob*m* & Democrats support the VICTORY MOSQUE & TV supports Imam)
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To: Frantzie

The UK will be over run by Muslims in the not too distant future.

Tolerance and political correctness = Death Knell!


3 posted on 10/25/2010 11:39:24 AM PDT by TheDailyChange (Politics,Conservatism,Liberalism)
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To: Frantzie

Europe loves to have them move there.


4 posted on 10/25/2010 11:40:14 AM PDT by Big Horn (Rebuild the GOP to a conservative party)
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To: Frantzie

Gee, you know—you’re much too smart for us here at Free Republic. I’m certain they’d welcome all your hate for us at Democratic Underground. There, they don’t care at all about unsubstantiated or well-informed opinion. I believe you would fit in very well.


5 posted on 10/25/2010 11:40:23 AM PDT by righttackle44 (I may not be much, but I raised a United States Marine.)
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To: TheDailyChange

Do european lynch mobs work 35 hour weeks, get 8 weeks of paid vacation and retire at age 60?

If so maybe BOA can escape their wrath


6 posted on 10/25/2010 11:42:34 AM PDT by silverleaf ("This is not an election on November 2 . This is a restraining order" P.J. O'Rourke)
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To: TheDailyChange

BOA should just blame the ‘Dead Beats’ after all it is their fault.


7 posted on 10/25/2010 11:43:12 AM PDT by Kartographer (".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
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To: TheDailyChange

I think bank stocks will suffer as everyone tries to hand off the toxic mortgage debt. Wall Street screwed the system big time with its whiz bang collateralized products. The piper is playing and the proverbial (non-Reverend Wright) chickens are coming home to roost. Cockledoodledooooooo.....


8 posted on 10/25/2010 11:45:04 AM PDT by April Lexington (Study the Constitution so you know what they are taking away!)
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To: Kartographer

Sure, BOA should take NO responsibility at all for making ARMS available for those who should never have been allowed one in the first place.

What happened to requiring 20% down?

Cuts both ways, you know?


9 posted on 10/25/2010 11:45:55 AM PDT by TheDailyChange (Politics,Conservatism,Liberalism)
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To: Frantzie

Of course they elect Muslims in Europe. Why do you think otherwise?


10 posted on 10/25/2010 11:48:49 AM PDT by SuzyQue (Remember to think.)
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To: TheDailyChange

blame the politicians who pushed the CRA on the banks.


11 posted on 10/25/2010 11:50:07 AM PDT by psjones (u)
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To: TheDailyChange; NVDave; stephenjohnbanker; M. Espinola; blam; Quix; 2ndDivisionVet; Lorianne; ...
If you have access to TV at work you may be interested in today's Dylan Ratigan show at 4:00 PM EST.

He's been bashing Republicans and Democrats alike over Foreclosuregate.

In all reality the parties may say different things...but neither party means what they say.

This particular topic seems politically radioactive. The silence is deafening.

12 posted on 10/25/2010 11:50:17 AM PDT by Chunga85 ("Foreclosure Fraud", TARP, "Mortgage Crisis", Bailout)
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To: TheDailyChange
BoA underwrote - I'll repeat that - underwrote mortgage-backed securities which are just complete garbage. Not just "not worth a lot" but "worth practically nothing" thanks to the destruction of wet signature notes.

Plus every one of those securities can be returned to BoA, because there's a buyback clause in the case of fraud. Not owning the wet signature note and then perjuring yourselves in the creation of no-note affadavits are classic acts of fraud.

BoA is on the hook, and they're not the only banks in dire trouble here.

13 posted on 10/25/2010 11:52:09 AM PDT by agere_contra (...what if we won't eat the dog food?)
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To: TheDailyChange
“Cuts both ways, you know?”

No it doesn't cut both ways, just check the threads here on FR and you will find that laws are only for ‘dead beats’ not for banks. What ever it takes to make the ‘dead beats’ pay even fraud, forgery and perjury is fine. The rule of law is only for the ‘little people’ not banks.

The fact that the banks have maneuvered the whole thing so that they could make money on the upside in fees and the mulitple selling of the same mortgages to investors and then having the government make them whole when the scheme cashs on the downside is just business and usual.

14 posted on 10/25/2010 11:54:16 AM PDT by Kartographer (".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
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To: SuzyQue

Sarkozy, Merkel, Cameron, Havel, Berlasconi and others are Muslims? Who knew.


15 posted on 10/25/2010 12:03:11 PM PDT by Frantzie (Imam Ob*m* & Democrats support the VICTORY MOSQUE & TV supports Imam)
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To: April Lexington

No it was CRA’s filing lawsuits like Hussein suing Citicorp followed by the COngressional Black Caucus demanding banks loan money to anyone.


16 posted on 10/25/2010 12:04:40 PM PDT by Frantzie (Imam Ob*m* & Democrats support the VICTORY MOSQUE & TV supports Imam)
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To: April Lexington

No it was CRA’s filing lawsuits like Hussein suing Citicorp followed by the COngressional Black Caucus demanding banks loan money to anyone.


17 posted on 10/25/2010 12:04:52 PM PDT by Frantzie (Imam Ob*m* & Democrats support the VICTORY MOSQUE & TV supports Imam)
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To: agere_contra

“BoA is on the hook, and they’re not the only banks in dire trouble here.”

BoA will just deflect this to the ‘dead beats’ and then to the American Tax Payers and continue doing business as usual. Any way BoA has done nothing wrong that a little clearing up of the paperwork won’t fix. Any wrong doing on their part was is purely technical.


18 posted on 10/25/2010 12:10:20 PM PDT by Kartographer (".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
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To: righttackle44

On the topic of Obama? Frantzie is quite correct!

a special thanks to cruise_missile

Another one to this list The man-child is at a minimum a Muslim wannabe (or Wahabe):

• His biological father was a Muslim.
http://www.bing.com/reference/semhtml/?title=Barack_Obama%2C_Sr.&src=abop&qpvt=barack+obama+seniot&q=barack+obama+senior&fwd=1

• Because his biological father was a Muslim the Islam world thinks he is a Muslim.
http://voices.washingtonpost.com/behind-the-numbers/2010/08/obama_is_a_muslim_18_24_or.html?hpid=topnews
http://www.indonesiamatters.com/2952/barry-soetoro/

• His stepfather was a Muslim.
http://www.indonesiamatters.com/2952/barry-soetoro/

• As a child Barry was enrolled in school as a Muslim in Jakarta Indonesia. An Indonesian Madrasa.
• Barack Hussein Obama’s first and middle names are Arabic Muslim names.
Barack was the name for Mohammad’s horse. Husein, enough said.
http://www.deseretnews.com/article/700246419/Barack-Muhammads-horse.html
http://sanooaung.wordpress.com/2009/01/22/will-be-obama-with-us-muslims-as-the-meaning-of-his-name-in-persian-language/

• Obama recited the opening lines of the Muslim call to prayer, which includes a vow of fidelity to Islam, in flawless Arabic on a radio program. - Nikolos Kristoff, NYTs, 3-06-07 (***this one is a gottcha moment***)
http://www.familysecuritymatters.org/publications/id.3413/pub_detail.asp
http://canadafreepress.com/index.php/article/11679

• On that same program he said he thinks the call to prayer is “one of the prettiest sounds on earth.”
http://jewagainstobama.wordpress.com/2008/03/03/obama-muslim-call-to-prayer-one-of-the-prettiest-sounds-on-earth/
http://caosblog.com/archives/7373

• Obama belonged to Rev. Wright’s (a former Muslim) church for twenty years. Many congregants are Muslims.
http://infidelsarecool.com/2008/04/07/jeremiah-wright-former-muslim/
http://infidelsarecool.com/2008/03/20/rev-wright-got-his-masters-degree-in-islam-in-west-africa/
http://endtimes.yuku.com/forum/viewtopic/id/289

• Obama’s said that the U.S. is “one of the largest Muslim countries in the world.”
http://blogs.telegraph.co.uk/news/tobyharnden/9959057/Barack_Hussein_Obama_US_one_of_the_largest_Muslim_countries_in_the_world/
http://www.weeklystandard.com/weblogs/TWSFP/2009/06/obama_america_one_of_the_large_1.asp

• Obama holds Muslim celebrations in the WH but canceled the National Day of Prayer.
http://www.associatedcontent.com/article/1724544/obama_cancels_national_day_of_prayer.html?cat=9
http://www.exposeobama.com/

• President Obama’s religious adviser, Eboo Patel, once deemed the United States “the ideal place for the renewal of Islam.”
http://atlasshrugs2000.typepad.com/atlas_shrugs/2010/06/-obama-tells-egyptian-foreign-minister-i-am-a-muslim-stealth-coup-on-the-white-house.html

• Obama does not give gifts on Christmas.
http://www.politico.com/news/stories/0708/12035.html

• Obama doesn’t celebrate his birthday.
http://thecaucus.blogs.nytimes.com/2010/08/04/a-tough-birthday-for-obama/

• Obama falsely attributes Muslim participation in the founding of America.
http://www.familysecuritymatters.org/publications/id.7041/pub_detail.asp
http://www.familysecuritymatters.org/publications/id.7041/pub_detail.asp

• Obama required that the cross be covered when he gave a speech at Notre Dame.
http://blog.acton.org/archives/9843-notre-dame-georgetown-and-president-obama.html
http://www.cbsnews.com/stories/2009/05/11/opinion/main5006203.shtml
http://dougpowers.com/2009/04/17/obamas-jesus-coverup/

• Christian symbol covered up during Obama’s Georgetown speech
http://myfaithspace.ning.com/profiles/blogs/obama-covers-christ-and-cross
http://www.cnsnews.com/public/content/article.aspx?RsrcID=46667

• Obama’s first major speech in office was a “Muslim outreach” speech in Cairo Egypt.
http://www.whitehouse.gov/the_press_office/Remarks-by-the-President-at-Cairo-University-6-04-09/
http://news.bbc.co.uk/2/hi/middle_east/8083171.stm

• “The American President told me in confidence that he is a Muslim,” said Egyptian Foreign Minister Ahmed Aboul Gheit on Nile TV.
http://barenakedislam.wordpress.com/2010/06/12/bombshell-egyptian-foreign-minister-ahmed-aboul-gheit-says-on-egyptian-tv-%e2%80%9cthe-american-president-told-me-in-confidence-that-he-is-still-a-muslim-%e2%80%9d/
http://www.wnd.com/?pageId=166905

• Obama gave strong support to the Cordoba House community center and mosque to be built at the Ground Zero site of Sep. 11, 2001 at a dinner celebrating the day’s end of the first day of Ramadan at the WH.
http://www.aolnews.com/surge-desk/article/president-obama-supports-ground-zero-mosque/19593492?ncid=webmail

• Obama tasked NASA with a mission of “Muslim outreach.”
http://technology.newsplurk.com/2010/07/nasa-and-islam.html

• Obama referred to his faith as “my Muslim faith” gaffe in an interview with George Stephanopolous.
http://www.youtube.com/watch?v=iQqIpdBOg6I

• Pushes Islamic freedom of religion but not Jewish or Christian freedoms. Several weeks ago he told Israel NOT to build settlements in East Jerusalem. But OK to build that Mosque at Ground Zero.
http://www.telegraph.co.uk/news/worldnews/middleeast/israel/7514285/Israel-spits-in-Obamas-eye-by-announcing-new-settlements-in-east-Jerusalem.html
http://www.guardian.co.uk/world/2010/mar/24/barack-obama-israel-settlement-plan

• The FIRST thing Obama did as a newly elected Illinois State Senator was to attempt to declare a Muslim holiday. Obama sponsored Bill SR0110 in the 90th General Assembly to declare November 1, 1997 to be Islamic Community Center Day. It did not pass.
http://www.ilga.gov/legislation/legisnet90/summary/900SR0110.html
http://www.ilga.gov/legislation/legisnet90/srgroups/sr/900SR0110LV.html


19 posted on 10/25/2010 12:11:57 PM PDT by himno hero (o)
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To: April Lexington

I was just going to state that if they take away my mortgage interest deduction, I’m walking out on my mortgage, but then I remembered I posted it to you on another thread. But BofA is supposedly my mortgage holder now, since the Countrywide debacle, and they better not mess wif me too much either. I’m not getting into a situation where the whole rest of the country is “doin’ da default” and only a few of us are left holding the bag.

Actually, I might, because I like my house, and I like being a homeowner, and I still consider it something of a privilege and an honor.


20 posted on 10/25/2010 12:19:34 PM PDT by ichabod1 (Hail Mary Full of Grace, The Lord Is With Thee...)
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