I hope they're in leg irons. I'd like to see them bring back stocks not stocks and bonds but stocks on the public square so all the people these Wall Street Ponzi scammers hurt could at least get some satisfaction in throwing rotten fruit and vegatables at them and their puppet in congress.

Unfortunately, these guys need nanny's to watch their every move.....they are used to free spending and not being told what to do......

Hey Barney spit it out, if you know what I mean.

HEY BLUE>>>>>>

have you ever seen this.....?

http://www.jordanmaxwell.com/articles/pictures/pictures2.html

Okay, seriously. Sometimes I post a lot of bullshit, but you guys are getting a little carried away with deleting my posts sometimes.

Sure would love to see Rep.Barney Frank dressed as an 18th century American Admiral standing on the helm deck looking down the hull of his 50 cannon frigate and ordering the next republican hybrid scam artist banker keel hauled until the banking bailout money is returned. That money would showup
back in the US treasury Quick!!

"It's like wearing dark pants and pissing down your leg," Frank said before the bailout vote in October. "It gives you a warm feeling, but no one knows you did it."

And this is the man leading this charge. Barney Frank reminds me of some of the folks in business who fly into an event, squawk around, poop on everything and fly away. The reason banks are in trouble, and I work in senior management at one of the big ones, isn't because government doesn't know "what they're doing with the money," but because we (bankers, and not all) don't and throwing more money at the thing is going to exacerbate the problem not fix it. Loan money to people who can't repay it driven only by greed and you'll get the results we have. Frank and his committee will only accomplish getting Frank more t.v. time--and who needs that?

Huge numbers of people made billions off the premise that home prices would rise. It's that simple, and then the market forces manipulated home values to reflect that desire.

They played so many games with buying-selling-promising-gambling-repackaging and someone made big bucks on every transaction. The honest appraisers who tried to say "hey, things are not worth that much" were booted, and only the appraisers who played the game were kept busy.

Bottom line...the bankers got rich, the agents got rich, the brokers got rich, the homeowner overpaid, and if they didn't have a business plan of their own, they got burned.

Of course, lots of people will go back into the old "Well, they shouldn't have thought they could afford a home like that on their meager income."

Yeah, that's true up to a point. But, then if you were a prospective buyer, who suddenly got respect and the "treatment", and everyone told you you could SURELY afford this, could always refi or sell at a profit, why wouldn't you believe them?

You get your BMW-Mercedes ride to the property, they show you YOUR new house, and bury you in paperwork.

Up on the the other end the bankers resold that paper and the derivatives were off and running.

Never mind that real smart people said this was a recipe for disaster.

The bankers all had the attitude that if things got bad, they could cash out move to the islands.

Some did.

Maybe we should start over with brand-new banks -- either private, public or some combination -- and let the existing banks die on the vine???

You go Barney, no one seems to ask the hard questions and then demand answers. I would take the money back. Let our financial institutions sink or swim on their own.
80% of the stimulus should go as cash payments to those Americans with no or low discretional spending. The money would be spent on basics, depleting company inventories . Companies would then call back the laid off workers to meet the new demand.
Banks would be forced to supply the demands of growth like loans to growing bussineses. This is real investment, not the esoteric investments our financial community used to destroy our economy.
All I hear is talk,talk,talk. Stop it . Lets look at the problem and resolve it. No more politics, finger pointing or philisophical discussions. They are getting us no where.
Does anyone understand what I am saying?

First American's are swindled out of 350 Billion this fall to apparently save failing banks. Now 18 Billion of that money has turned up in the pockets of bank executives.
Take all of the 350 back and start over. Take it back no matter where it is. Use your executive powers, emergency powers or whatever it takes but don't let the banks get away with this.

Barney - ask the bankers from Bank of America why they jacked up the rates on millions of credit card holders with performing accounts to outrageous rates of 19-29%.!! Ask why if you call to complain about this, Bank of America cuts your credit limit to damage your FICO score or finds yet another bogus excuse to raise your rates more. You can read all the horror stories on consumer affairs complaints websites about B of A, Chase, and Citi. At a time when these banks have come hat in hand to take billions of TARP bailout money and the fed funds rate at which banks borrow is down to 0%, it is unconscionable for them to lend out to ANYONE at these rates.

Imagine what a stimulus it would be to the economy if rates by these banks lowered rates to 4% immediately on all existing credit card lines and loans.


Barney, we need a federal usury law capping rates on all consumer credit loans and lines to 10%.

OK, they're hauled in front of Congress; then what ?

How about hauling Barney Franks in front of Congress to explain why he thought it appropriate to "roll the dice some more" and for obstructing the reform of Fannie and Freddie before the "sh*t hit the fan."

HMM...and what she would do with all the people who thought they could buy a house with no money down.

Then used Acorn to sue the real estate company to get them into the house..

What do you think about that LIBS?