Question: WHAT IF A BANK REFUSES TO LISTEN TO HIM? What can he do?
Same thing Bubba and Janet Reno did - threaten them with "damage" if they don't carry through.
The TRILLION dollar shakedown, August 19, 2010
" Wow, talk about ignorance. The current mess started allll the way back during Clintons term by way of the CRA, Barney Frank and Janet Reno threatening banks to make loans to people who had no chance of paying them back.
Thats right, somehow Barney Frank and Janet Reno forced all the banks to give people terrible loans. Thats exactly what happened. Dont you remember the banks complaining about this on a regular basis? They were saying, Gosh, we sure dont want to give these people loans, but since a Congressman is somehow forcing us to, I guess we might as well turn those into collateralized debt obligations, not reveal the basis of the bond to the bond rating agencies, but threaten to go to another bond rating agency and force Moodys and S&Ps hands so they give AAA ratings to bonds which consisted of mortgages with teaser interest rates that were going to go way up in 2 years and then lead to tons of foreclosures?
Gee, why wasnt Ken Lewis or Lloyd Blankfein complaining about that in 2005, if that were actually true?
posted on 04/03/2013 7:02:11 AM PDT
(Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
RE: Same thing Bubba and Janet Reno did - threaten them with “damage” if they don’t carry through.
Any self-respecting bank would fight back... IN COURT.
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