Hillary, the Big Banks didn't engage in "shenanigans" with mortgages - they were CRIMES.

[reformist2]

“I went to Wall Street before the crash... I was the one saying, ‘You’re going to wreck the economy because of these shenanigans with mortgages.’ ”

This quote was from last night.

Hillary, mortgage companies that lent money recklessly to home buyers who couldn't afford them, knowing that these mortgages could be sold to Wall Street banks, that's malfeasance.

Hillary, investment firms buying up crappy subprime mortgages, bundling them and repackaging them, and then passing them off as sound investment products - that's fraud.

Hillary, big rating agencies that inspected these crap products and then rated them "AAA" anyway, that's also fraud.

Hillary, big banks pushing this garbage, that went out and sold these "AAA" products onto unsuspecting pension funds throughout the world as "safe" - that's fraud too.

These were not "shenanigans" - they were CRIMES of the highest order. They should have resulted in prison time for THOUSANDS of people, and the dissolution of HUNDREDS of investment firms on Crime Street.

Hillary, if you knew about any of these crimes back in 2007 and 2008, as you claim, you should have gone to the authorities to get them to prosecute. Oh wait, you were one of the authorities. And you slapped them on the wrist, essentially calling them "bad boys," and to "cut it out." In other words, you did nothing. Actually, you did less than nothing. You palled around with them and collected millions of dollars in speaking fees. Because you knew they were your guarantee for a well-funded presidential campaign.

We need real change people - Hillary is *NOT* going to deliver.

[merrily]

1. Crimes, shenanigans. Either way, she "went down there and told them to cut it out."

End of story. We all lived happily ever after.

BTW, a lot of "it" consists of things made possible by legislation for which her husband lobbied hard and signed.

[peacebird]

2. She previously blamed the homeowners for the crisis, not the people who sold them loans

That the banks knew they could not afford.

[stillwaiting]

8. She still does. She just can't say that out loud right now. nt

[cali]

3. Downplaying what transpired

[rjsquirrel]

4. That's why

All those bankers went to jail right?

[reformist2]

6. "If they all went to jail, who would fund my presidential campaign???"

[rjsquirrel]

7. Lol

They funded Obama too.

[uponit7771]

5. Technically Most of the big bank holding companies AT THE TIME did not. The fact that the Sanders

... crew can't get hold of how the investment firms became bank holding companies just to get the bail outs while most of the "BIG" bank holding companies (WF, CITI, BOA) who didn't involve themselves heavily with the MBS HAD to take the bail outs cause the Bush admin threatend them ..

is scary, this story is not hard.

Clinton was right, to go after the Big Banks and to leave the investment firms that became holding companies alone is only half the story and intimates he doesn't get the whole picture

[daleanime]

21. So Bernie has half the plan, Hillary has half the plan....

Bernie's ready and willing to act on it, Hillary knows her plan won't pass congress. That's why she's willing to call it her plan. If it could pass, she would never ever submit it.

[uponit7771]

36. Getting half the plan is easier to get than half the picture

[daleanime]

38. But not as easy as proposing solutions....

you never ever intend to use.

[monicaangela]

27. It's called slight of hand...

They use this technique in carnivals all the time. In this case Hillary is trying to distract the voter by adding other shinny objects into the mix so that we, the electorate will take our eye off the ball. I'm with Bernie, I say first things first. We know big banks were the main culprits, if not why are they paying billions in fines. I believe there will be ample time to go after those investment firms that are also connected with these big banks after we cut the head off the snake.

[uponit7771]

37. no she's not!!! The investment firms are the bigger problem not the "big banks" and Sanders

... doesn't understand that and that's scary.

What the... this is not a hard issue to grasp... CITI et al wasn't knee deep into MBS's... the invest firms were and to leave them along and just break up the "big banks" is like braking up microsoft while leaving the virus makers alone

[99Forever]

9. So Hillary is admitting that her campaign is financed in part...

... by criminal activities.

That's the most honest thing I have ever heard from her.

[SammyWinstonJack]

12. Oh, good one. Bet she doesn't realize that's way it comes off.

[daleanime]

22. Expect that to be willfully over-looked.

[Roland99]

10. And, before the crash, all she did was pay lip service to them

while taking their campaign cash behind the scenes.

[SammyWinstonJack]

11. Shenanigans...Now cut that out! What the hell is wrong with her?

[azurnoir]

13. more memory hole politicking

[Sienna86]

14. "Shenanigans" and "cut it out"

Are not quotes that show she gets it. These were not childish pranks, these were crimes.

[BlueJazz]

20. Amen to that. Those little "Shenanigans" cost you and me and most of the American taxpayers...

...a good portion of our yearly salary. (in the long run)

...and a poor kid that steals from a store goes to probation or jail.

[DUbeornot2be]

28. Those shennanigans...

...are the reason I was just served a second foreclosure suit. After the court threw out the first case, the "loan shark" simply sold it again to another predatory lender who is set to take our home of thirty years...

And Hillary sees no problem with this.

She takes their money because they offered it.

She is the problem!

[Enthusiast]

15. K&R! This post should have hundreds of recommendations!

[jtuck004]

16. 7 million American families thrown into the street in foreclosure - 4 mill during this

administration - and mostly left there, after the years long raiding party by the banks, assisted by President Clinton, Larry Summers, and several other traitorous lying bastards who most all STILL should be investigated and perhaps jailed along with their bank$ter/jihadist buddies.

Because collectively they have killed or hurt far more Americans than any terrorists every have.

There will never be an excuse or rationalization that would ever get me to vote for any of these lying cheating thieving assholes that took part in this - ever.

[AzDar]

17. Sooo... Hillary went down to Wall st., told them to cut it out...and yet they didn't? So much for

" getting things done", right Hill?

[monicaangela]

24. I believe she means

just the act of going down to Wall Street to have a chat is getting things done. Did you actually expect her to go back to congress and write legislation that would have put a stop to their "shenanigans?" I've never heard anybody say anything that smacks more of boys will be boys than that. Shame on her, as a woman she should at least be a bit more concerned about the people that were being literally thrown into the streets along with their children because of those shenanigans. I suppose she thinks what Martin Shkreli is doing as a pharmaceutical executive is just shenanigans also. As Bernie said, this has as much to do with economics as anything else. The richer you are the less important your crimes become. It appears courts are not for justice, they're apparently for just us, the 99%.

[Fumesucker]

18. Poor people smoking pot = crime

Rich people stealing via lies = shenanigans

[reformist2]

25. This is exactly the problem. The 1% laugh off their crimes, even though theirs are often far worse.

[monicaangela]

19. So either she is a paid shield

for Wall Street and the big banks, or she is completely blind to what crime entails. I wonder if that is because that is the way she has operated throughout the years. Certain people can commit crimes, and those crimes are considered shenanigans, while other people doing those same crimes or lest are considered thugs, criminals, never do wells and worse. Bernie is right, mentally Hillary Clinton is a part of the establishment and is willing ready and able to continue doing their bidding regardless of what it does to this country, after all, I really do believe her world and the world of the rest of us are two different worlds, after all, she is a part of the 1% now.

[chervilant]

23. I was in mortgage lending for almost

seven years before I moved home to Newton County. I worked for the worst of the worst: Countrywide (I refused to sell or even market their horrible "sub-prime" loans, so I "resigned" when my manager stopped negotiating rates for me). Every time I closed a loan, I accompanied my clients to their closing, gave them a closing gift, and strongly adjured them to read the loan documents. In all the years I closed loans, not one client read their loan documents at closing. My colleagues told me this was their experience as well.

Now, here's why I think most people do NOT read their loan documents: there are typically 80 to 120 pages of legalese, in very small print. The title company representative will have tagged all the pages that require a signature and/or initials. The rep typically tells the client(s) that it's in their best interests to read the loan docs, but (also typically) makes some disclaimer about rescheduling the closing if they elect to read all the docs, or call to have lunch delivered, or any number of codicils intended to dissuade clients from spending the inordinate amount of time necessary to wade through that large packet of docs, while stopping and asking questions about the dense, off-putting legalese. (Plus, the title officer and all involved in originating the mortgage are paid professionals, right? They'll be honest, right?)

Personally, I think this is by design. The criminal banksters have the game rigged in their favor, and it's been this way since the first bank was thought necessary to facilitate our species' economic behaviors.

I have more I will post later. It was far worse than people know.

[monicaangela]

26. I had thought about refinancing with Countrywide

years ago. I got through the process to the point where countrywide was going to send a representative to my home to go over the mortgage refinance agreement with me. I told the operator that I would prefer to meet with their representative at my lawyers office. The operator agreed there was no problem with my decision. After waiting two weeks for the date and time of the meeting with the representative I received a letter telling me my application had been rejected and that I would not be considered for the loan. After that I decided refinancing was a bad idea, I'm so glad that happened because I believe if it hadn't I would probably be still going to court to try to recoup my losses.

[chervilant]

40. I am so very glad you dodged that bullet.

Did you know that Angelo Mozilo cashed in his stock options right before Countrywide went belly up? I believe he raked in close to $140 million while his minions were losing everything.

[monicaangela]

42. I believe you may be correct...

Mozilo is either in denial or one of the most polished crooks in the arsenal of financial villains today.

He remains a defender of Countrywide, even after Bank of America Corp., which bought it in 2008, agreed last month to pay more than $16 billion to end probes into mortgage-bond sales on top of about $55 billion in fines that came before. Mozilo doesn’t understand why he and his firm, blamed by lawmakers and authorities for lax underwriting and predatory lending, have been seen as villains.

http://www.bloomberg.com/news/articles/2014-09-02/angelo-mozilo-speaks-no-villainy-at-countrywide

I guess I got lucky, that experience taught me a lesson especially since I really didn't need to refinance in the first place. You know how the meme goes, everybody else is doing it, maybe I should refinance, take care of a few bills, do a little remodeling and add a bit to my payment to pay it off quickly. That was what I was thinking about doing. After being accepted, and then denied, I figured something wasn't right and forgot about trying to take advantage of an opportunity to do something I should never have done in the first place. I saved the money I needed, added to my monthly mortgage payment, and within 5 years had my home remodeled and paid for, I had a fifteen year mortgage with another culprit, Chase Bank and they were not too happy with my paying extra on my mortgage payments and continually tried to involve me in refinancing. Glad I didn't take the bait with them either. Today, home is paid for, remodeling is done, bills are paid off, and I'm really a happy camper. Many of my friends were not as lucky.

[lostnfound]

29. I always read my loan documents and I found errors

The title company was perturbed that I insisted that they correct it. Arrogant,
and I suspect sexist, schmuck. Money back in my pocket from that, maybe $700 or so.

[chervilant]

41. You are a rarity.

And, I am sure there have been LOTS of title companies who've "padded" the loan documents to increase their profits. It's the nature of the industry.

[lostnfound]

30. Plus, the scale of defaulted loans was much less than the scale of banking instruments piled on top

Big Bets upon medium bets upon small bets.

And who DIDN'T get bailed out? The small guys. They got kicked out, homes left vacant, defaulted and in some cases owed taxes on writedowns that the banks took on the mortgages as if it was income.

[Merryland]

31. "Shenanigans" by her Wall Street boys

How motherly & indulgent of her to use that phrase rather than the correct word: crime.

[turbinetree]

32. Heads I win ------tail you lose mentality--------with the banksters, Hedge Funds,

and anyone else that wanted to get into the "market".

And let's not forget how the Congress voted to repeal those protections ---------------------------they did not care , and then when it happened they all put there hands to there collective faces and said---------------------oh no-----------and started pointing fingers----------------------amazing------------------while taking the bribe money to do it, a oldie but criminal goodie

Honk-------------------for a political revolution Bernie 2016


It is about getting a Progressive President, U.S. Supreme Court, Congress, and State and Local Legislatures


Democracy begins with you ----------------------tag you it-----------------Bernie to Thom Hartmann

[truebluegreen]

33. Maybe a sternly-worded letter would have been more effective

than "Cut it out!"

[Petrushka]

34. K & R

[nichomachus]

35. Is she trying to lose votes? Because she's going about it the right way.

The truth is that, given her trajectory, the only way she "won" Iowa -- other than "shenanigans" by party operatives -- was because the clock ran out. She was on a downward trend, and had the caucuses been held a week later, Bernie would have triumphed. She's sinking fast all over -- and nonsense like this will only accelerate that.

Anyone who watch "The Big Short" knows it was more than shenanigans.

[Fairgo]

39. Shenanigans! Those high spirited rascals

and their zany antics.