Welcome, taxpayers, to the Kabuki Theater of AIG Outrage - where DC's Best Performance of Hypocritical Indignation is showing. Spare me President Obama's finger-wag. He's "outraged?" Meh. Chris Dodd, the corporate crony who is the largest recipient of AIG donations, Obama is the 4th. If we hadn't bailed out AIG = no bonuses for greedy execs.
Bailout-a-palooza is not good for all you naive voters that voted for hope & change without knowing what it meant. It's not American Idol, vote smart.
All you people who are worried about your homes should get off youtube and get a 2nd job. Also you probably overextended yourselves in the first place. Make better choices next time around.
Google "show me the note". The 'note' is the paper signed by the lender and the householder to make the mortgage legal. It is often not to be found at the original lender and its unavailability makes foreclosure nearly impossible. Good luck!
The family trusts that consists of the Rothchilds,Rockefellers , Warburgs, Morgans and the Mellon's have owned our currency since 1913 along with dozens of corporations both domestic and foreign,We must take over the entire banking industry and create a U.S. CITIZENS FEDERAL BANK!! Let the government control it then when they screw up we have someone to hold acountable. The FEDERAL RESERVE is untouchable!!!!
Wake up people! This has nothing to do with people buying wht they can't afford or the bailouts. The private banking CARTEL (secret society) called the FEDERAL RESERVE that owns this country's currency is the problem. They are legalized counterfitters! They create only debt! Debt is money and Money is DEBT!!!
Yes lets nationalize the banking system, because the government has done so well running things. Ill give you one thing wolfman at least you are not afraid to stand up for your socialist views. I would prefer to get the government out of the banking industry and allow free enterprise to fix the problems created by, too much government interference. As for the conspiracy theory you mentioned I believe they now have medication which will help you with that.
Sorry Rep. Kaptur, you lost me when you said the SEC is somehow more competent than the Treasury to direct TARP funding. Where has there been any SEC oversight with regard to the sub-prime mortgage industry?
It's the government's fault that we're in this mess.
When you have nothing invested, like a down payment, and you agree to a variable interest rate its whoopee time. (who needs to read the fine print)
Then the rates go through the roof and suddenly you are being foreclosed upon. These people should have never been home owners to begin with. I dont want to have to pay for their screw ups.
This Senator is an Anti-American/Socialist. I paid my mortgage why should I have to pay theirs?
Im tired of the victim and not-my-fault mentality.
You could say the same for those damn banks, they shouldn't issue these morgages when they know the ridiculous risk, The credit reporting system is there for a reason! now THEY are getting our money to spend on corporate bonuses and private jets, I dont know if I were you but I'd rather keep a few families in their houses rather than get these guys that jet upgrade they've been looking for on taxpayers money I though this money was to go back to help everyone, not this asshole and his jet fetish
Actually; during the Clinton administration banks were sued for not giving out enough minority loans. They were stuck between taking bad risks and loosing their ability to operate. The government put quotas on the amount of high-risk loans banks were required to grant. It is amazing to me how no one wants to blame the person who bought a house they could not afford.
. I know this is so unfair but I, saved up, before I bought.
Now to make it fairer to everyone, my tax dollars will go to pay for someone elses mortgage. I should have timed my home purchase better so everyone else could have paid my mortgage, stupid me.
ooo niiicee! i really like the music in this video.. it gives the whole thing a better feeling and makes it more.. um.. i dont wanna say entertaining because it was very entertaining.. but it gave it a little more something .. ya know.
I like them and this made me feel really happy. I want to make some of these little lovlies and think of Julie and what's her name. This project fills me with love and holiday joy. i will support the home made things! I LIKE THEM
File fed approved Form 'I-GET-A-NEW-INTEREST-RATE' to your mortgage lender and you get a maximum 5% interest rate, extended maturity, no basis write-down. Done settled. You want your house you work for it. This nonsense of writing down loans to 31% of your earnings is crap. And while you're at it why don't you fix bankruptcy laws to protect business to business supplier unsecured credit lines. That shit is worse than bank robbery.
If you had any education what so ever you would know the housing laws that opened up this mess, happened during the Clinton years. It was called: Community Reinvestment Act this is what allowed all these people to buy houses they could not afford.
It is not true what Kaptur says at 0:55 about legal aid being available. Like so many "helping organizations," there's plenty of help offered but little provided.
But in America, we generally agree that when some cheats and steals, it's the victim's fault.
The average American needs to learn to be smarter and better educated than Wall Street Law Firms. They need to outsmart teams of professionals who spend their days working on ways to get more money for their bosses.
The banks mislead these people to believing it was not risky. These people were conned. Many of the home owners in this predicament grew up with most banks saying you have to have good credit to get a credit card, let alone a loan. Then in the 90s the banks realized interest on bad credit will allow them a greater profit, even if it causes bankruptcy. It was either under bravenewfilms or mmflint, but there is a great video outlining this corruption on youtube.
Its absurd to bail out these companies. Bail out the American people! Give help these people pay their mortgages or force the banks to decrease the interest rates. Another video shows that the banks squeeze about $2 in interest for every $1 of mortgage. Greed has ruined America.
Rich people don't make money, they suck money. Poor people are generally so messed up they can't get a foot up. Money is an entirely different kind of object in terms of having and using between the rich and poor. The rich people have figured out a way to suck all the value out of poor peoples' lives. Things are changing so fast, we don't know what is going to happen. Hunger will probably bring out the desperation. America will feed them after mass confinement.... maybe.
We have to make our own fuel and not buy it from the rich. Our GNP is based on pushing paper. If people cannot make what they use, they will be standing around waiting for a handout from people who would like to extract all the coinage they can get. All the money in the world is not good if amount is all that matters. We have a situation where people are being put in dire straits and then prison for be poor. This is true enslavement by fabricated circumstance. Not good at all.
Ironically...no conspiracy they want to take all the land away, as written hundreds of years ago, part of the plan by design, to simply own all the land, enslave us all....period.
Marcy Kaptur voted against auditing the FED. How can you have an institution that manages the money supply without transparency. everything about money needs to be as public as possible.
hey I have an idea..why don't we tell the banks to use some of that money to hire Americans to answer phone calls and help manage and assist dealing with their customers and our citizens.
I mean, I'm willing to believe that the actual structure of many of these institutions are infact very inefficient at providing customer service and have suffered from cost cuts, job cuts and outsourcing.
Most corps, esp those who op in seveveral countries have jumbled their communications & it hurts them
We've seen these same banks and bankers do similar things in Africa, South America and even Russia.
They keep draining economies, one after another. There is a pattern.
Argentina bailed out these banks in 2001, and they keep turning over assets to them. They are still in an economic depression.
It's a pattern that keeps the bankers raking in $billions. They keep doing it over and over. Only Russia seems to have figured out the con and put a stop to it.
If the owners are living in another country, there are less likely to worry about the impact their profit taking has on the communities where their business operates.
I think that my response is very relevant, if you wrote what you mean. I think you just don't like what I have to say. And that's cool.
Our government has spent decades removing laws that tell the banks how to operate. They still insist that they must remove more rules.
It will take a massive crisis to change their thinking.
I made a suggestion. The troll would most likely be the weaseldog writting responses trying to turn that suggestion into an arguement. Why b/c u are bored and trolling.
I'm so dishonest. What was i thinking giving a little idea when i should have known i would have to defeat the almighty weaseldog and his determination to steer any conversation in the direction he wanted..whether productive or not.
I just see the bankers as crooks. I see our top politicians as being complicit either through ignorance, or greed for bribes.
For instance, The Bin Ladens own a huge stake in Bank of America. They got a big bailout that went into accounts in Dubai. If I said they only care about profits, and they don't love my country, am I selling my country short?
I know what you are saying, its just not what i am talking about. I know the Saudis are knee deep in a lot of our banks not just Bank of America but Citi and obviously HSBC.
why did kaptur voted against auditing the Federal Reserve?
se7ensnakes 1 year ago
closet lesbian
ToledoZman 2 years ago
yep
SHADYSPAW2 2 years ago
This has been flagged as spam show
Welcome, taxpayers, to the Kabuki Theater of AIG Outrage - where DC's Best Performance of Hypocritical Indignation is showing. Spare me President Obama's finger-wag. He's "outraged?" Meh. Chris Dodd, the corporate crony who is the largest recipient of AIG donations, Obama is the 4th. If we hadn't bailed out AIG = no bonuses for greedy execs.
Bailout-a-palooza is not good for all you naive voters that voted for hope & change without knowing what it meant. It's not American Idol, vote smart.
hellotommy 2 years ago
stop paying taxes and pay off your homes
BeantownJim 2 years ago
say no to all bailouts end the fed
bob733333 3 years ago
this i so unamerican. Dominate the weak, exploit who you can and always get extra cash
brdjhnsn 3 years ago
you mean its totally american...
Nikeforged 2 years ago
All you people who are worried about your homes should get off youtube and get a 2nd job. Also you probably overextended yourselves in the first place. Make better choices next time around.
Retiger77 3 years ago
You must be a republican
boobsax 3 years ago
You caught me.
Retiger77 3 years ago
Google "show me the note". The 'note' is the paper signed by the lender and the householder to make the mortgage legal. It is often not to be found at the original lender and its unavailability makes foreclosure nearly impossible. Good luck!
johninzurich 3 years ago
The family trusts that consists of the Rothchilds,Rockefellers , Warburgs, Morgans and the Mellon's have owned our currency since 1913 along with dozens of corporations both domestic and foreign,We must take over the entire banking industry and create a U.S. CITIZENS FEDERAL BANK!! Let the government control it then when they screw up we have someone to hold acountable. The FEDERAL RESERVE is untouchable!!!!
711wolfman 3 years ago
Wake up people! This has nothing to do with people buying wht they can't afford or the bailouts. The private banking CARTEL (secret society) called the FEDERAL RESERVE that owns this country's currency is the problem. They are legalized counterfitters! They create only debt! Debt is money and Money is DEBT!!!
711wolfman 3 years ago
Yes lets nationalize the banking system, because the government has done so well running things. Ill give you one thing wolfman at least you are not afraid to stand up for your socialist views. I would prefer to get the government out of the banking industry and allow free enterprise to fix the problems created by, too much government interference. As for the conspiracy theory you mentioned I believe they now have medication which will help you with that.
yorkcoadam 3 years ago
HOME OWNERS LOAN CORPORATION
houses default, govt buys em up at auction, homeowners stay in their home and pay off the new LOWER price of the home.
jwfcp 3 years ago
Sorry Rep. Kaptur, you lost me when you said the SEC is somehow more competent than the Treasury to direct TARP funding. Where has there been any SEC oversight with regard to the sub-prime mortgage industry?
It's the government's fault that we're in this mess.
mrbhave 3 years ago
Wow someone who actually makes sense. mrbhave I totally agree, with you. Rep. Kaptur is is a danger to everything America stands for.
yorkcoadam 3 years ago
My last post was to kaduisaui
yorkcoadam 3 years ago
This post is for yorkcoadam. I should have included the previous administrations in my complaints as well. Sorry. Now blow me.
kaduisaui 3 years ago
When you have nothing invested, like a down payment, and you agree to a variable interest rate its whoopee time. (who needs to read the fine print)
Then the rates go through the roof and suddenly you are being foreclosed upon. These people should have never been home owners to begin with. I dont want to have to pay for their screw ups.
This Senator is an Anti-American/Socialist. I paid my mortgage why should I have to pay theirs?
Im tired of the victim and not-my-fault mentality.
yorkcoadam 3 years ago
You could say the same for those damn banks, they shouldn't issue these morgages when they know the ridiculous risk, The credit reporting system is there for a reason! now THEY are getting our money to spend on corporate bonuses and private jets, I dont know if I were you but I'd rather keep a few families in their houses rather than get these guys that jet upgrade they've been looking for on taxpayers money I though this money was to go back to help everyone, not this asshole and his jet fetish
seanieb64 3 years ago
Actually; during the Clinton administration banks were sued for not giving out enough minority loans. They were stuck between taking bad risks and loosing their ability to operate. The government put quotas on the amount of high-risk loans banks were required to grant. It is amazing to me how no one wants to blame the person who bought a house they could not afford.
yorkcoadam 3 years ago
. I know this is so unfair but I, saved up, before I bought.
Now to make it fairer to everyone, my tax dollars will go to pay for someone elses mortgage. I should have timed my home purchase better so everyone else could have paid my mortgage, stupid me.
yorkcoadam 3 years ago
Marcy Kaptor for President!
Comparing Marcy to Sarah Palin is like comparing a
pitbull to chihuahua. The chihuahua is all noise, the pitbull can dig into some meat!
saadasim 3 years ago 4
Comment removed
primet21 3 years ago
Listen to this woman
volumedealer1 3 years ago 2
I'm so glad Kaptur is my congresswoman. I hope she runs for that senate seat next year.
PikePat 3 years ago 4
ooo niiicee! i really like the music in this video.. it gives the whole thing a better feeling and makes it more.. um.. i dont wanna say entertaining because it was very entertaining.. but it gave it a little more something .. ya know.
chick5581 3 years ago
I like them and this made me feel really happy. I want to make some of these little lovlies and think of Julie and what's her name. This project fills me with love and holiday joy. i will support the home made things! I LIKE THEM
Chick6517 3 years ago
She's high. When the sheriff shows up you're out.
File fed approved Form 'I-GET-A-NEW-INTEREST-RATE' to your mortgage lender and you get a maximum 5% interest rate, extended maturity, no basis write-down. Done settled. You want your house you work for it. This nonsense of writing down loans to 31% of your earnings is crap. And while you're at it why don't you fix bankruptcy laws to protect business to business supplier unsecured credit lines. That shit is worse than bank robbery.
coffeenuts44 3 years ago
The Bush administration and the banks kicked our collective butts. Mission accomplished!
kaduisaui 3 years ago
If you had any education what so ever you would know the housing laws that opened up this mess, happened during the Clinton years. It was called: Community Reinvestment Act this is what allowed all these people to buy houses they could not afford.
yorkcoadam 3 years ago
It is not true what Kaptur says at 0:55 about legal aid being available. Like so many "helping organizations," there's plenty of help offered but little provided.
.
TainaAtheist1 3 years ago
Kamila Skolimowska
WKaliber1 3 years ago
Kaptur & Kucinich rock. Something's in the water in Ohio, that's for sure.
tuxfred 3 years ago 4
This comment has received too many negative votes show
yea and fuckn ugly.
DavosLogos 3 years ago
How about first we fire the CEOs and the upper management of these banks for the crap they have caused then go from there.
mrlurp 3 years ago 4
the economy is finished.. this will be the greatest depression and last for quite some time. i applaud congresswoman Kaptur.. way to go..
navtel 3 years ago
STOP MAKING THE PENNY AND WE CAN BALANCE THE BUDGET
were losing an average 2.9 billion a year by putting pennies into circulation
flang 3 years ago
And the bankers took none.
But in America, we generally agree that when some cheats and steals, it's the victim's fault.
The average American needs to learn to be smarter and better educated than Wall Street Law Firms. They need to outsmart teams of professionals who spend their days working on ways to get more money for their bosses.
Weaseldog2001 3 years ago
The banks mislead these people to believing it was not risky. These people were conned. Many of the home owners in this predicament grew up with most banks saying you have to have good credit to get a credit card, let alone a loan. Then in the 90s the banks realized interest on bad credit will allow them a greater profit, even if it causes bankruptcy. It was either under bravenewfilms or mmflint, but there is a great video outlining this corruption on youtube.
Bsilk84 3 years ago
The S&L Bailout proved to the bankers that the government would alsways come to the rescue if they needed free money.
They knew the bailout would come. It's a part of the their business plan.
Weaseldog2001 3 years ago
Its absurd to bail out these companies. Bail out the American people! Give help these people pay their mortgages or force the banks to decrease the interest rates. Another video shows that the banks squeeze about $2 in interest for every $1 of mortgage. Greed has ruined America.
Bsilk84 3 years ago
Rich people don't make money, they suck money. Poor people are generally so messed up they can't get a foot up. Money is an entirely different kind of object in terms of having and using between the rich and poor. The rich people have figured out a way to suck all the value out of poor peoples' lives. Things are changing so fast, we don't know what is going to happen. Hunger will probably bring out the desperation. America will feed them after mass confinement.... maybe.
hypnofan35 3 years ago 2
We have to make our own fuel and not buy it from the rich. Our GNP is based on pushing paper. If people cannot make what they use, they will be standing around waiting for a handout from people who would like to extract all the coinage they can get. All the money in the world is not good if amount is all that matters. We have a situation where people are being put in dire straits and then prison for be poor. This is true enslavement by fabricated circumstance. Not good at all.
hypnofan35 3 years ago
Ironically...no conspiracy they want to take all the land away, as written hundreds of years ago, part of the plan by design, to simply own all the land, enslave us all....period.
kellymkg 3 years ago
LOVE Marcy Kaptur! She should be Speaker of the House. Pelosi is a shill.
FattKidd 3 years ago
Marcy Kaptur is an eloquent and humane spokesperson for sanity...Let's hope that she will be listened to.
2bsirius 3 years ago 5
@2bsirius
Marcy Kaptur voted against auditing the FED. How can you have an institution that manages the money supply without transparency. everything about money needs to be as public as possible.
se7ensnakes 1 year ago
hey I have an idea..why don't we tell the banks to use some of that money to hire Americans to answer phone calls and help manage and assist dealing with their customers and our citizens.
I mean, I'm willing to believe that the actual structure of many of these institutions are infact very inefficient at providing customer service and have suffered from cost cuts, job cuts and outsourcing.
Most corps, esp those who op in seveveral countries have jumbled their communications & it hurts them
daderone 3 years ago
How does it hurt them?
The taxpayer pays them a handsome profit to foreclose, keep the property and sell the property again.
They don't need much of a staff when the taxpayer provides their profits.
Weaseldog2001 3 years ago
They just need lobbyists.
Weaseldog2001 3 years ago
weaseldog if that is your understanding of things then really you are selling yourself and I believe this country short.
I'm not answering your question because you should know the answer.
daderone 3 years ago
We've seen these same banks and bankers do similar things in Africa, South America and even Russia.
They keep draining economies, one after another. There is a pattern.
Argentina bailed out these banks in 2001, and they keep turning over assets to them. They are still in an economic depression.
It's a pattern that keeps the bankers raking in $billions. They keep doing it over and over. Only Russia seems to have figured out the con and put a stop to it.
Weaseldog2001 3 years ago
the whole point is that you are talking about something completely different. I get it.
You just must recognize that what you had to say was not a very relative response to what I wrote.
I'm sure you have tons of ranting and talking points you would like to discuss it just has little to nothing to do with the point I was making.
daderone 3 years ago
I was simply disagreeing on the point you made that their actions cause them harm.
I understand your point. but it's based on assumptions that don't seem to apply anymore.
What we learned in school about business and economics doesn't seem relevant in this age of predatory international capitalism.
When a business owner lives in the community, he or she is more likely to care what impact the business has on the community.
Weaseldog2001 3 years ago
If the owners are living in another country, there are less likely to worry about the impact their profit taking has on the communities where their business operates.
I think that my response is very relevant, if you wrote what you mean. I think you just don't like what I have to say. And that's cool.
Our government has spent decades removing laws that tell the banks how to operate. They still insist that they must remove more rules.
It will take a massive crisis to change their thinking.
Weaseldog2001 3 years ago
so you are against them creating jobs for Americans from this situation?
I mean thats really all there was to the conversation.
I don't care whether u think it is likely or probable, or who is suffering more.
You want to take my suggestion off on a tangent..go crazy, knock yourself out.
daderone 3 years ago
BTW, I have not ranted here. I've simply disagreed with you.
Weaseldog2001 3 years ago
and you disagree with a point that was not really what I was talking about. Call it whatever you want I'm not in the mood to argue.
You think its a bad idea for banks to hire people to fill outsourced and automated machines to better manage what is going on..ok.
I think it would be good. You want to talk about generalities while I am just suggesting something specific.
daderone 3 years ago
That's a strawman argument.
I never argued that. You're arguing with yourself now.
Weaseldog2001 3 years ago
lol wtf. a strawman arguement. really.. now you are just making no sense.
daderone 3 years ago
You're inventing an argument ascribing it to me, then arguing against it as if I proposed it.
It's clear cut.
But perhaps you're really trolling at this point?
No matter, it's clear you're dishonest at this point.
Weaseldog2001 3 years ago
oh man give it a rest and let my nutsack breathe.
I made a suggestion. The troll would most likely be the weaseldog writting responses trying to turn that suggestion into an arguement. Why b/c u are bored and trolling.
I'm so dishonest. What was i thinking giving a little idea when i should have known i would have to defeat the almighty weaseldog and his determination to steer any conversation in the direction he wanted..whether productive or not.
daderone 3 years ago
Right, the bankers are lavishing themselves with free taxpayer provided money.
It isn't hurting them at all.
Weaseldog2001 3 years ago
I don't think I'm selling my country short.
I just see the bankers as crooks. I see our top politicians as being complicit either through ignorance, or greed for bribes.
For instance, The Bin Ladens own a huge stake in Bank of America. They got a big bailout that went into accounts in Dubai. If I said they only care about profits, and they don't love my country, am I selling my country short?
Weaseldog2001 3 years ago
I know what you are saying, its just not what i am talking about. I know the Saudis are knee deep in a lot of our banks not just Bank of America but Citi and obviously HSBC.
daderone 3 years ago
Nancy is a great American. I don't understand why no attention to the Federal Reserve and it's hand in these problems.
chewbaca1989 3 years ago 3
It's sad how people have their homes taken away during times of economic troubles.
Idude893 3 years ago