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To: SeekAndFind
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 Clinton’s 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.

That’s right, somehow Barney Frank and Janet Reno forced all the banks to give people terrible loans. That’s exactly what happened. Don’t you remember the banks complaining about this on a regular basis? They were saying, “Gosh, we sure don’t 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 Moody’s and S&P’s 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 wasn’t Ken Lewis or Lloyd Blankfein complaining about that in 2005, if that were actually true?

27 posted on 04/03/2013 7:02:11 AM PDT by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
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To: Cheerio

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.


29 posted on 04/03/2013 7:05:34 AM PDT by SeekAndFind
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