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Old February 16, 2012, 22:57   #1
gates
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Calling JOKKER - time to eat crow...

http://www.zerohedge.com/news/housin...are-beyond-law
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Old February 17, 2012, 15:47   #2
RG Coburn
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Cripes,for 40 billion they could have just paid all the notes off...
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Old February 18, 2012, 02:00   #3
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Hey - gates!!! Get with the program, man. The banks aren't the bad guys, they're here to help. We couldn't have an economy without the TBTF protection bought by the pocketbook of the middle class.

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Old February 18, 2012, 02:33   #4
gates
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Yeah yeah... I swear I've heard that before on this board:-)
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Old February 18, 2012, 08:26   #5
shlomo
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The Jokker (sic) would cut his own tongue out before he would admit making a mistake, no matter how large or small.
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Old February 20, 2012, 23:39   #6
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The Joke won't show.

Just DABS in neo-con drag.....probably cries himself to sleep at night....wondering how he could have been so wrong.
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Old February 22, 2012, 18:05   #7
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I'm not sure what you guys are grousing about. Only bank, not federal contributions to HAMP principal reductions will count against the settlement. HAMP has been a failure largely because there was little incentive for the banks to throw 60% of the principal reduction at some morons who couldn't pay their debts. To the extent that the complaint was that banks abused borrowers broadly by foreclosing on the morons who couldn't pay their debts and a principal reduction is an appropriate remedy encouraging banks to reduce principal is not a bad settlement. Please explain what other settlement you would have liked to have seen?
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Old February 22, 2012, 19:56   #8
gates
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TC - it was a much bigger argument than this one instance - I blamed the banks- including the Fed - Jokker blamed the Chinese manipulating their currency

Last edited by gates; February 22, 2012 at 20:07.
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