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$17 Billion in fines?

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bigfan

Post subject: $17 Billion in fines?

Posted: Wed Aug 06, 2014 7:13 pm

Joined: Wed Dec 31, 1969 7:00 pm
Posts: 40983
Location: Chicago
pizza_Place: Lou Malanati's

B of A about to agree to pay $17 B in fines regarding the Mortgage meltdown....and still nobody from Chase, Citi or BofA goes to jail.

Imagine if you agreed to $17 Bill in fines how much money you must be making!

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Peoria Matt

Post subject: Re: $17 Billion in fines?

Posted: Wed Aug 06, 2014 7:15 pm

Joined: Sat Apr 30, 2005 4:54 am
Posts: 22704
pizza_Place: A few...

Too big to fail.

What a bunch of crooks.

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Douchebag

Post subject: Re: $17 Billion in fines?

Posted: Wed Aug 06, 2014 7:20 pm

Joined: Tue Aug 19, 2008 3:03 pm
Posts: 43583

Throw them in "pound me in the ass" prison.

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Juice's Lecture Notes wrote:

I am not a legal expert, how many times do I have to say it?

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Darkside

Post subject: Re: $17 Billion in fines?

Posted: Wed Aug 06, 2014 8:32 pm

Joined: Wed Jun 28, 2006 9:29 am
Posts: 65801
Location: Darkside Estates
pizza_Place: A cat got an online degree.

Douchebag wrote:

Throw them in "pound me in the ass" prison.

Wait... you want them in a prison in which you are getting pounded in the ass? Why would you want to get pounded in the ass in their prison?

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bigfan wrote:

Many that is true, but an incomplete statement.

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conns7901

Post subject: Re: $17 Billion in fines?

Posted: Wed Aug 06, 2014 8:37 pm

Joined: Wed Nov 30, 2005 11:36 pm
Posts: 19386

Typical Republican government protecting the rich.

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Frank Coztansa wrote:

conns7901 wrote:

Not over yet.

Yes it is.

CDOM wrote:

When this is all over, which is not going to be for a while, Trump will be re-elected President.

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pittmike

Post subject: Re: $17 Billion in fines?

Posted: Wed Aug 06, 2014 9:12 pm

Joined: Mon May 02, 2011 4:29 pm
Posts: 40652
Location: Everywhere
pizza_Place: giordanos

conns7901 wrote:

Typical Republican government protecting the rich.

Oh Lord.

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bigfan

Post subject: Re: $17 Billion in fines?

Posted: Wed Aug 06, 2014 10:15 pm

Joined: Wed Dec 31, 1969 7:00 pm
Posts: 40983
Location: Chicago
pizza_Place: Lou Malanati's

He's is right, but remember it's because there is TOO MUCH MONEY in Politiics, once again true. Just wasnt too much when one guy got more it than anyone else.

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FavreFan

Post subject: Re: $17 Billion in fines?

Posted: Wed Aug 06, 2014 10:20 pm

Joined: Fri Jun 29, 2007 11:17 am
Posts: 72380
Location: Palatine
pizza_Place: Lou Malnatis

bigfan wrote:

He's is right, but remember it's because there is TOO MUCH MONEY in Politiics, once again true. Just wasnt too much when one guy got more it than anyone else.

B of A shoulda just said they were dead broke.

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bigfan

Post subject: Re: $17 Billion in fines?

Posted: Wed Aug 06, 2014 10:22 pm

Joined: Wed Dec 31, 1969 7:00 pm
Posts: 40983
Location: Chicago
pizza_Place: Lou Malanati's

Q.Bovifs wrote:

Who is getting the fine money?

Why don't they just make them reduce a proportionate amount of principal on all of the homeowners who lost equity due to the collapse?

Why are they "fining" them like that? Fucking stupid. It accomplishes nothing.

where the money goes is still not clear and from day 1, this has been my thought of helping people who lost equity due to over 50% of the houses being foreclosed.

Also, I don't care for BofA, but the government basically made them buy Countrywide, so they essentially did the government a favor, then the government comes after them for the Countrywide issues.

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Don Tiny

Post subject: Re: $17 Billion in fines?

Posted: Wed Aug 06, 2014 10:32 pm

Joined: Thu May 28, 2009 11:10 am
Posts: 42094
Location: Rock Ridge (splendid!)
pizza_Place: Charlie Fox's / Paisano's

bigfan wrote:

He's is right, but remember it's because there is TOO MUCH MONEY in Politiics, once again true. Just wasnt too much when one guy got more it than anyone else.

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Power is always in the hands of the masses of men. What oppresses the masses is their own ignorance, their own short-sighted selfishness.
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Jaw Breaker

Post subject: Re: $17 Billion in fines?

Posted: Wed Aug 06, 2014 10:59 pm

Joined: Thu Sep 30, 2010 3:40 pm
Posts: 16490
pizza_Place: Boni Vino

bigfan wrote:

Q.Bovifs wrote:

Yeah, same with JPM and Bear Stearns. JPM had a deal to take them out for $2 per share, Paulson said no, gotta raise it to $10, and then Dimon eventually took it in the moon.

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To IkeSouth, bigfan wrote:

Are you stoned or pissed off, or both, when you create these postings?

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Hank Scorpio

Post subject: Re: $17 Billion in fines?

Posted: Thu Aug 07, 2014 9:30 am

Joined: Tue Aug 24, 2010 10:16 am
Posts: 20082
pizza_Place: Aurelios

Q.Bovifs wrote:

BoA holds my mortgage, I fully support this idea!!

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$17 Billion in fines?

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