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2016 Postmortem
In reply to the discussion: Clock is ticking Bernie supporters [View all]Octafish
(55,745 posts)71. No. I ask people to show where I'm wrong. Like with UBS or AIG or the S&Ls.
Money and power corrupt people. It's Buy Partisan.
This is from 2014:
Swiss-based international banking giant UBS welcomed deregulator extraordinaire Phil Gramm as Vice Chairman after his career in Washington. In other news that never seems to make it into Corporate McPravda, UBS was on the receiving end of $183 Billion in U.S. taxpayer bailout dollars. Small world.
UBS was one of eight large investment banks that benefited from the now-infamous backdoor bailout of AIGresulting in government cash infusions totaling $182.5 billionin the dark days of September 2008. At the hearing, the Special Inspector General for the Troubled Asset Relief Program, Neil Barofsky, revealed to the House Oversight and Government Reform Committee that UBS was the only bank willing to settle its soured credit default swaps (CDS) contracts for less than their face value. Why did UBS play ball when all the other banks didn't? As the Washington Independent reported, "Barofsky speculated that the firm probably simply recognized that the American taxpayers 'had taken the global economy on its back.'"
The financial crisis has proved time and again, big banks don't account for taxpayersexcept when they need their help. And that's the more likely explanation for UBS' good behavior during the AIG rescue. Like the rest of the global financial industry, UBS was hurting from the subprime mortgage meltdown. (The bank's colossally bad bet on the US housing marketit had already written down $38 billion in bad loans as of April 2008earned UBS the nickname Used to Be Smart.) But unlike its intransigent peers on Wall Street, the Swiss banking giant also faced the mounting threat of a US federal investigation. It was in no position to play hardball.
SOURCE:
http://m.motherjones.com/mojo/2010/01/ubs-good-bank-aig-bailout
UBS made billions off the US taxpayer and paid millions to former Sen. Phil Gramm and former President Bill Clinton, the two people most responsible for the repeal of Glass-Steagall and the New Deal regulations that had protected taxpayers from the Wall Street casino. Their actions led directly to the crash of 2008.
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If it's over stop trying to shut him down. You people make no sense. Your fearful desperation
Ed Suspicious
Apr 2016
#120
Not to them, in the Kardeshian age it is about fandom, money and the status quo..that they are the
insta8er
Apr 2016
#50
So are you, lockstep with the corporate line...why do you want to call yourself a democrat anyway?
insta8er
Apr 2016
#53
The only one who apparently cares about post count is you. I don't give a shit
realmirage
Apr 2016
#52
Yes, tomorrow Hillary will be officially the 2016 Democratic Oarty's presumptive nominee.
Trust Buster
Apr 2016
#20
The clock is ticking for Hillary to convince Bernie's base she is worthy of their support.
bluedigger
Apr 2016
#43
What cliff? Bernie has always been a long shot. He's done an amazing job
Live and Learn
Apr 2016
#79
I have known of Bernie for a long time and was elated when he agreed to run.
Live and Learn
Apr 2016
#143
It's still early, but The republican nominee will do an excellent job of galvanizing
dubyadiprecession
Apr 2016
#83
He's been done for a while now. Like Rubio who was going to drive around America in his pickup truck
Maru Kitteh
Apr 2016
#98
It's Hillary supporters going off the cliff with someone under FBI investigation
jfern
Apr 2016
#110
See the dictionary for the difference in the following terms - investigation, and indictment
realmirage
Apr 2016
#130
The Bernie supporters have to decide if they want to quit the Dem Party or whatever. You can't
kerry-is-my-prez
Apr 2016
#118
I think you missed the memo. Many are shifting their support right out of the Dem party.
Unicorn
Apr 2016
#125
Yep, not taking my ball and going home, taking it on the road for Bernie and beyond
riderinthestorm
Apr 2016
#135
For less than one-100th of the effort needed to create a viable "new" national party ...
NurseJackie
Apr 2016
#140