Saturday, April 17, 2010

Big Dan's Big News April 17, 2010

The true colors of the Republican Party: they're unified in BLOCKING financial reform after the financial crisis!!!

Unified GOP To Block Senate From Debating Wall Street Reform

Scott Brown rides in a pickup truck, that's why they voted for him:

New Senator Scott Brown who took over Ted Kennedy's seat DOESN'T KNOW WHY HE VOTED AGAINST FINANCIAL REFORM WHEN ASKED!!! I guess if Obama's FOR it, he's AGAINST IT:

Wall Street-backed senator can’t explain why he opposes financial reform, asks reporter what’s wrong with it

Brown opposes current financial overhaul bill

Wall Street Reform: Obama-Allied Group Launches Ad Campaign To Turn Tea Partiers Against GOP

A trio of former Washington Mutual officials and a trove of documents on Tuesday portrayed a pattern of breakneck loan-making and alleged fraud at the biggest U.S. bank ever to fail.

GE paid ZERO taxes: 7,000 tax returns, $0 U.S. tax bill

Goldman-Sachs charged with FRAUD: they advised their investors to buy stocks they KNEW would go bad...AND THEN BET ON THEM TO GO BAD TO MAKE MONEY!!!!!

Goldman charged with fraud

Update: SEC says Goldman defrauded investors of $1 billion

Cost Of Protecting Goldman's Debt Jumps On SEC Charges

Other Major Banks Did Deals Similar to Goldman’s

Remember when the financial crisis first happened and "president" Bush said it was caused by "RECKLESS HOMEOWNERS"??? Well, it was ON PURPOSE! They KNEW the mortgages they were giving people would go bad and they shouldn't have lent them...but they DID because then they BET ON THEM TO GO BAD!!! It's all coming out now: A LIE GETS HALFWAY AROUND THE WORLD, WHILE THE TRUTH IS STILL LACING UP IT'S SNEAKERS:

FLASHBACK: BUSH & THE "RECKLESS HOMEOWNERS" - Bush said "reckless homeowners taking advantage of lenders and investors" caused the financial crisis...HE LIED:

BDBB FLASHBACK: Friday, December 7, 2007 - Bush Lays Into "Reckless Homeowners" Who Took Advantage of Lenders & Investors

BDBB FLASHBACK: Monday, December 31, 2007 - Bush Addresses "Reckless Homeowners"...again...

BDBB FLASHBACK: Monday, December 31, 2007 - Wait A Minute! I Thought Bush Said Americans Losing Their Homes To Foreclosure Were "RECKLESS HOMEOWNERS"!!!!!!!

BD: btw...try and find Bush's "RECKLESS HOMEOWNERS" speech on the internet, they've all been scrubbed off it. If you find it, please let me know...

BDBB FLASHBACK: Low Road to High Finance: McClatchy Expose Reveals How Goldman Sachs Sold Off Billions in Mortgage Securities After Anticipating Housing Collapse

FLASHBACKS GALORE!!!!!!!!!!!!!!!!!!!!

A five-month investigation by McClatchy Newspapers has revealed that Goldman Sachs made secret bets against the housing market while simultaneously selling off billions in soon-to-be worthless securities. In 2006 and 2007, the bank reportedly peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told the buyers it was secretly betting that a sharp drop in US housing prices would send the value of those securities plummeting. We speak to McClatchy reporter Greg Gordon.

Bush called the homeowners who are losing their homes: "Reckless Homeowners", remember? Well read this: whistleblowers at the lenders said they were appealing to their superiors to reject the shaky loans! So it wasn't the "reckless homeowners OR the government, it was the LENDERS!!! Then, the lenders knowingly packaged the risky mortgages they never should have given to people who shouldn't have qualified, into AAA rated bonds (they HID them) and sold them throughout the world...THEN BET that they would tank and made even MORE money THAT way, too!!! Why aren't these people in jail??? They caused the financial crisis!!!

AMY GOODMAN: Let’s turn to the issue of how Goldman Sachs stopped scrutinizing the loans it bought. This is a clip of a video report by Greg Gordon featuring two risk analysts contracted by Goldman.

GREG GORDON: Goldman and other Wall Street firms contracted with risk analysts, including Californians Irma Aninger and Melissa Toy, to review thousands of subprime mortgage files. Aninger said she was stunned as she saw from loan applications how much credit standards had deteriorated from 2004 through 2006.

IRMA ANINGER: A gardener making $10,000 a month, a checker at Wal-Mart making $5,000 a month. What else was there? Oh, they were ridiculous.

GREG GORDON: Aninger and Toy said they appealed to their superiors to reject shaky loans in which lenders had required no verification. (BD: I thought Bush, Republicans, and rightwingers said the lenders had their arms twisted by the government and the "reckless homeowners"!!!!!!)

MELISSA TOY: At times, I didn’t understand why we were even working, because they were overriding our decisions. Or if we question anything, if we tried to decline a loan, they were going beyond us and approving them.

IRMA ANINGER: The whole thing didn’t make any sense to me. That’s why I said earlier I didn’t even know why I was there, because the stuff was going to get pushed through anyway.

GREG GORDON: Yet, of all the Wall Street firms, Goldman was the only one that seemed to anticipate trouble ahead and safely exited the subprime market.

Goldman Sachs now taking away peoples' homes. The Beckers fight Wall St. bailed-out giant Goldman Sachs. They were fighting Goldman CEO Hank Paulson, who ironically became Bush's Treasury Secretary and started the taxpayer bailouts, of which Goldman Sachs made out like bandits.

RECKLESS HOMEOWNERS: THE BECKERS!!! Bush, Republicans, Rush Limbaugh and rightwinger media called people like the Beckers, "RECKLESS HOMEOWNERS".

Goldman spent years buying hundreds of thousands of subprime mortgages, many of them from some of the more unsavory lenders in the business, and packaging them into high-yield bonds. Now that the bottom has fallen out of that market, Goldman finds itself in a different role: as the big banker that takes homes away from folks such as the Beckers.

McClatchy: Goldman takes on new role: taking away people's homes

McClatchy: How Goldman secretly bet on the U.S. housing crash

Special Commentary by Big Dan: "There is only one conclusion: RACISM. We finally got hardcore demographics of the TeaBaggers and they are NOT uneducated hicks we shouldn't be making fun of, like we were told. According to polls, they are well educated, well off income wise, WHITE, and they are actually OK with their taxes going towards the big entitlements medicare/medicaid/social security. So then what's all the rage about? A black president is the only conclusion. And btw, Obama actually LOWERED most of their taxes according to the polls. So, this thinly veiled 'tax revolt' in which the tax protesters' taxes were LOWERED, is just an excuse for racism without the white sheets. If Obama is for something, they are against it...because he's black. It's the ONLY conclusion left, based on these polls that finally came out. No one's saying it, but the "R" word has reared its ugly head again. The TeaBaggers are OK with government entitlements...just don't let 'those people' have any of our tax money! And furthermore, I see black shills on TV arguing FOR the TeaBaggers. Where are they getting them from? They're unwittingly betraying their own race. Nice going! Conclusion: when a guy cuts your taxes and you protest high taxes, then it's a thinly veiled excuse to protest a black president...and you're watching FOX 'news'."

Tax Slasher Obama vs. the Tea Partiers

Houston Tea Party, Boycott Sponsor Mattress Mack and Gallery Furniture

The Daily Show With Jon StewartMon - Thurs 11p / 10c
Tea America
Daily Show Full EpisodesPolitical HumorTea Party

90% of the media is OWNED by conservatives, it's NOT "liberal" like I keep saying. When you usurp something, you want to keep calling it what it was...that's part of usurping something: keep telling people it hasn't changed so they don't know you took it over:

Chomsky Reveals Concern Over the Potential of Fascist America

Peter Steele CONFIRMED Dead of Heart Failure (1962 – 2010)

R.I.P. Peter Steele (Type O Negative) (1962 – 2010)

Random thought of the day: I have an AWESOME name for a new rock group:


Random video of the day: this guy gets a DUI while driving a riding lawn mower. SIDE STORY: guess if it's in a SOUTHERN STATE or not...BUT OSKIFFER...I WUZ MOWIN DUH ROAD...NAH WAIT A SEKUND...I WUZ DRIVIN' TUH DUH TEA PARTY!!!! OK, that was a low blow: polls show the TeaBaggers are actually well educated and higher income. Sorry about that! Just messin' around!

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