I can't take it any more ( TARP madness )

2009-07-30 22:25:18

#1

ATG: Banned; +5,233|6818|Global Command

Citigroup and Merrill Lynch, which lost $55bn in 2008, between them paid 1,400 employees bonuses of $1m or more each, according to a New York state report, released on Thursday, on banks propped up with taxpayer funds.

http://www.ft.com/cms/s/0/ff921710-7d2a … abdc0.html

WASHINGTON (AP) - House Democrats have declined to subpoena available records that might reveal whether other members of Congress got discounted VIP mortgages from subprime lender Countrywide Financial Corp. similar to the sweetheart deals given Democratic Sens. Chris Dodd and Kent Conrad.

Republicans say they are willing to risk that the records now held by Bank of America may show that GOP lawmakers were also "friends of Angelo" who got preferential terms on personal mortgages at the behest of then-Countrywide CEO Angelo Mozilo.

Countrywide, after losing billions of dollars on defaulted subprime loans that triggered last year's financial crisis and the consequent recession, was taken over by Bank of America a year ago.

http://www.breitbart.com/article.php?id … _article=1

This is a nation ran by criminals. There is no reason whatsoever to be honest; you lose. I give up. I quit.

Oh wait, I have to feed my family.

God, save us.

2009-07-30 22:31:43

#2

Turquoise: O Canada; +1,596|6694|North Carolina

I hear ya. I still have a possible company route to Toronto in the near future, and if things don't change for the better in the next few years, hello Canucks.

But yeah... with the GOP it seems to be oil and the military industrial complex.

With the Dems, it's banking.

and banking really does seem to hold all the cards ultimately.

2009-07-30 23:00:25

#3

ATG: Banned; +5,233|6818|Global Command

Also, I have been in the process of doing a loan mod with EMC.

Today I got a call from Chase bank. They now own my paper and have no idea that I was half way through the process and was about to finalize the mod. According to Chase, I am fucked.

Niiiiiiiiiiiiiiiiiiice.

I could have just stopped paying months ago and used those tens of thousands to secure my GL insurance and pay workers comp. So, I start the process over again. This is one of the hell stories I have been reading about. Now I am in the middle of it.

I honestly don't care anymore. I have no emotion left to give them, the vampires have sucked me dry.

2009-07-30 23:02:46

#4

Kmar: Truth is my Bitch; +5,695|6890|132 and Bush

Wait till all those commercial loans start maturing.. the ones that were refinanced during the lending boom. Brace yourself, it's about that time.

Xbone Stormsurgezz

2009-07-31 06:44:38

#5

Pug: UR father's brother's nephew's former roommate; +652|6831|Texas - Bigger than France

I don't have a problem with people getting bonuses. If they don't give out bonuses, they'll end up working somewhere else, which means Citi & Merrill will have no good employees left. Which means they dissolve. Which means all of this money was for naught.

Probably in this case, the amount of the bonus would have been much larger had this not happened to the organization anyway.

2009-07-31 07:12:52

#6

SEREMAKER: BABYMAKIN EXPERT √; +2,187|6857|Mountains of NC

I say we start robbing motherfuckers ............ Dillenger style

https://static.bf2s.com/files/user/17445/carhartt.jpg

2009-07-31 07:22:53

#7

m3thod: All kiiiiiiiiinds of gainz; +2,197|6960|UK

land of the free and corrupt. My friends in Soviet russia are amused.

Blackbelts are just whitebelts who have never quit.

2009-07-31 07:26:00

#8

Ioan92: Member; +337|6012

Amazing! You people are finally waking up! Jesus fuck you're all late..

@ ATG, not your nation, the whole world is.

2009-07-31 07:32:11

#9

Ioan92: Member; +337|6012

m3thod wrote:
land of the free and corrupt. My friends in Soviet russia are amused.

Russia failed at respecting their own system, they fail harder.

Communism = Corruption, just look at East Bloc countries / EX USSR countries and even Russia itself. They've brought themselves and US in this shit.

Fuck communism!

Fuck capitalism as well!

It fails just about as much as communism, In theory, its nice, just like communism. In reality though its about who is the biggest immoral asshole and gets to control the money supply. That's it.

Last edited by Ioan92 (2009-07-31 07:33:20)

2009-07-31 07:46:51

#10

13urnzz: Banned; +5,830|6786

Ioan92 wrote:
Fuck communism!

Fuck capitalism as well!

nice, you pissed off both sides of the sub-forum, with one fell post!

now you have [cons] + [Ioan] + [libs]

@ATG - i keep hearing "refinance now, rates lowest of the century!" and i'm told 'sorry, not enough equity to cover . . .'
right now i can handle the mortgage. one financial disaster, i'm packing the camping gear and going Mountain Man.

2009-07-31 22:45:10

#11

Doctor Strangelove: Real Battlefield Veterinarian.; +1,758|6757

There were contracts for these bonuses since before these banks received Federal money.

They'd be breaking the law by not paying them.

BF2S Forums I can't take it any more ( TARP madness )

m3thod wrote:

Ioan92 wrote:

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