Comments on: Investigating Wall St. Crime http://www.mediachannel.org/wordpress/2008/05/06/investigating-wall-st-crime/ As The Media Watches The World, We Watch The Media Sat, 05 Jul 2008 06:06:36 +0000 http://wordpress.org/?v=2.0.5 by: tkalantzis http://www.mediachannel.org/wordpress/2008/05/06/investigating-wall-st-crime/#comment-17460 Sat, 31 May 2008 08:57:45 +0000 http://www.mediachannel.org/wordpress/2008/05/06/investigating-wall-st-crime/#comment-17460 www.deepcapture.com www.deepcapture.com

]]> by: Walter Beisel http://www.mediachannel.org/wordpress/2008/05/06/investigating-wall-st-crime/#comment-15724 Wed, 07 May 2008 17:26:33 +0000 http://www.mediachannel.org/wordpress/2008/05/06/investigating-wall-st-crime/#comment-15724 I have been suspicious of the financial up's and down's since 1981. Interest rates went to 20% plus. From 1984 on I was convinced that sooner or later the S#%t would hit the fan blades. Every one of the so called financial GURUS's, who peddled their forecasts (for a monthly charge) were wrong. Only now, after years of political interferences, are we getting the results. One of the human race's problems is: "too soon old and to late SCHMART!" Some will be hurting, some will get even richer. It was time to smarten up those who thought that they also could live in luxury. When the domestic engineers are sitting side by side at the HILTON with the RICH, that was the time to teach them a lesson. We have arrived at that time. Very simple, but factual. W. I have been suspicious of the financial up’s and down’s since 1981. Interest rates went to 20% plus. From 1984 on I was convinced that sooner or later the S#%t would hit the fan blades. Every one of the so called financial GURUS’s, who peddled their forecasts (for a monthly charge) were wrong. Only now, after years of political interferences, are we getting the results. One of the human race’s problems is: “too soon old and to late SCHMART!”
Some will be hurting, some will get even richer. It was time to smarten up those who thought that they also could live in luxury. When the domestic engineers are sitting side by side at the HILTON with the RICH, that was the time to teach them a lesson. We have arrived at that time.
Very simple, but factual.
W.

]]> by: John Bigelow http://www.mediachannel.org/wordpress/2008/05/06/investigating-wall-st-crime/#comment-15722 Wed, 07 May 2008 16:47:47 +0000 http://www.mediachannel.org/wordpress/2008/05/06/investigating-wall-st-crime/#comment-15722 This is a link to an excellent site about these crimes Mr. Schechter; the bankers, regulators and the public which pays the bill for the criminals ultimately. http://theautomaticearth.blogspot.com/ Bigelow This is a link to an excellent site about these crimes Mr. Schechter; the bankers, regulators and the public which pays the bill for the criminals ultimately.
http://theautomaticearth.blogspot.com/

Bigelow

]]> by: Allene E. Swienckowski http://www.mediachannel.org/wordpress/2008/05/06/investigating-wall-st-crime/#comment-15684 Wed, 07 May 2008 04:05:46 +0000 http://www.mediachannel.org/wordpress/2008/05/06/investigating-wall-st-crime/#comment-15684 Well, clearly there is enough blame to go around. The bottom feeders, and this isn't meant to be derogatory, but real estate agents and appraisers were definitely bottom feeders in this game and can't be held responsible because you can bet that there were few if any R/E agents that racked in a billion bucks and appraisers are salaried individuals. The way it works in most lending institutions is that real estate values are pre-determined by comparable sales. If the market starts to weaken then an institution will send out a memo to lower the appraised value of a specific area to ensure the bank's investment. To answer your question: I don't believe that any of the hedge fund managers, wall street investors or any other groups that were involved in this rather opaque investment fraud will ever be brought to justice. The new wrinkle for a lot of companies today is to have its corporate headquarters located in Dubai where their financial records will never be examined by any US government agency. And to think that Halliburton has moved its corporate offices to Dubai...It boggles the mind! Well, clearly there is enough blame to go around. The bottom feeders, and this isn’t meant to be derogatory, but real estate agents and appraisers were definitely bottom feeders in this game and can’t be held responsible because you can bet that there were few if any R/E agents that racked in a billion bucks and appraisers are salaried individuals. The way it works in most lending institutions is that real estate values are pre-determined by comparable sales. If the market starts to weaken then an institution will send out a memo to lower the appraised value of a specific area to ensure the bank’s investment.
To answer your question: I don’t believe that any of the hedge fund managers, wall street investors or any other groups that were involved in this rather opaque investment fraud will ever be brought to justice.
The new wrinkle for a lot of companies today is to have its corporate headquarters located in Dubai where their financial records will never be examined by any US government agency. And to think that Halliburton has moved its corporate offices to Dubai…It boggles the mind!

]]> by: maggymay http://www.mediachannel.org/wordpress/2008/05/06/investigating-wall-st-crime/#comment-15663 Tue, 06 May 2008 23:20:49 +0000 http://www.mediachannel.org/wordpress/2008/05/06/investigating-wall-st-crime/#comment-15663 Bush is involved in this as his brother Neil was in the Savings & Loan scandal! This family has gotten away with a lot of corruption over the years & never brought to justice! The real crooks in this will never be jailed & voters will continue to vote for them in any office they run for! You just can't fix stupid voters! This capitalist country needs regulation on most industries, especially ones involved with daily living: housing,food,financial, medical etc., because if you don't they will rob people blind. No industry will reulate themselves! They will use every oportunity to cut corners, cheat & steal. There is too much evidence that shows this is how they are. Too bad too many people are too stupid to see the truth! Bush is involved in this as his brother Neil was in the Savings & Loan scandal!
This family has gotten away with a lot of corruption over the years & never brought to justice! The real crooks in this will never be jailed & voters will continue to vote for them in any office they run for! You just can’t fix stupid voters! This capitalist country needs regulation on most industries, especially ones involved with daily living: housing,food,financial, medical etc., because if you don’t they will rob people blind. No industry will reulate themselves! They will use every oportunity to cut corners, cheat & steal. There is too much evidence that shows this is how they are. Too bad too many people are too stupid to see the truth!

]]> by: Steve Owen http://www.mediachannel.org/wordpress/2008/05/06/investigating-wall-st-crime/#comment-15660 Tue, 06 May 2008 22:47:22 +0000 http://www.mediachannel.org/wordpress/2008/05/06/investigating-wall-st-crime/#comment-15660 What about the appraisers? Your article says nothing about them, and yet most of the things that were done could not have been done without an appraiser willing to push value beyond what was reasonable. Of course, we can say that mortgage brokers and their lenders had all the power. If we didn't play, we didn't work. That does not really alleviate the culpability of our profession, in my humble opinion. What about the appraisers? Your article says nothing about them, and yet most of the things that were done could not have been done without an appraiser willing to push value beyond what was reasonable.

Of course, we can say that mortgage brokers and their lenders had all the power. If we didn’t play, we didn’t work. That does not really alleviate the culpability of our profession, in my humble opinion.

]]> by: Cord;ey Coit http://www.mediachannel.org/wordpress/2008/05/06/investigating-wall-st-crime/#comment-15654 Tue, 06 May 2008 21:41:10 +0000 http://www.mediachannel.org/wordpress/2008/05/06/investigating-wall-st-crime/#comment-15654 Living in Colorado I was surprised this bubble didn't burst along with Savings And Loan back in the eighties. The Vice President's son was up to his elbows in weird morgages then. The Reagan Bush team civered that cats box with sand and no one except reporters could smell the streanch and find the bodies. Clinton's kept covering where did the Bushes hide the money inside the M1. A mere billion or two in semis would have attracted attention in those quiet days. The crooks retired to Dallas and Aspen, there was a short outbreak of suicide and AIDs and the minor characters were covered, with dirt and the beat went on. Wall Streeters when they saw how much money the Bush familey made worked out even bigger scams for taking the Boomers retirement cash, Dot Com and Sub Primo. And they stole it all. If anyone thinks anyone is going to jail for this besides the usual flunkies Look at Q-West's latest walk, Joking Joe bought a judge or two? Living in Colorado I was surprised this bubble didn’t burst along with Savings And Loan back in the eighties. The Vice President’s son was up to his elbows in weird morgages then. The Reagan Bush team civered that cats box with sand and no one except reporters could smell the streanch and find the bodies. Clinton’s kept covering where did the Bushes hide the money inside the M1. A mere billion or two in semis would have attracted attention in those quiet days. The crooks retired to Dallas and Aspen, there was a short outbreak of suicide
and AIDs and the minor characters were covered, with dirt and the beat went on.
Wall Streeters when they saw how much money the Bush familey made worked out even bigger scams for taking the Boomers retirement cash, Dot Com and Sub Primo. And they stole it all.

If anyone thinks anyone is going to jail for this besides the usual flunkies Look at Q-West’s latest walk, Joking Joe bought a judge or two?

]]> by: GJ http://www.mediachannel.org/wordpress/2008/05/06/investigating-wall-st-crime/#comment-15648 Tue, 06 May 2008 20:56:17 +0000 http://www.mediachannel.org/wordpress/2008/05/06/investigating-wall-st-crime/#comment-15648 How come noone is investigating the same wall street firms manipulating the price of commodities across the board. They fabricate events/stories, coming from analyst on staff, to gain a position one way or the other to get big payouts also. How come no one is looking under this rock. Where is the SEC, CFTC when traders are exchanging 600 million contracts a day on a pumping station that can only process 220k barrels of oil. This market has also decoupled from market fundamentals. Demand has been on a downward trend for the past 4 months. But then they come out screaming the rest of the developing countreis aroundthe world is now consuming the oil. FYI...if the American consumer eases consumption these developing nations will not even need gas. How come noone is investigating the same wall street firms manipulating the price of commodities across the board. They fabricate events/stories, coming from analyst on staff, to gain a position one way or the other to get big payouts also. How come no one is looking under this rock. Where is the SEC, CFTC when traders are exchanging 600 million contracts a day on a pumping station that can only process 220k barrels of oil. This market has also decoupled from market fundamentals. Demand has been on a downward trend for the past 4 months. But then they come out screaming the rest of the developing countreis aroundthe world is now consuming the oil. FYI…if the American consumer eases consumption these developing nations will not even need gas.

]]> by: Stephen http://www.mediachannel.org/wordpress/2008/05/06/investigating-wall-st-crime/#comment-15647 Tue, 06 May 2008 20:42:20 +0000 http://www.mediachannel.org/wordpress/2008/05/06/investigating-wall-st-crime/#comment-15647 What about the Realtors??? They were unprofessional slobs before this debacle and will remain the same after this cleans itself up. I sight the current TV commercial authored by the Realtor Assoc. which touts a homes value doubling in 10years. As a group they are oblivious to this entire situation...and will tell you straight faced that they had nothing to do with it... Ask any mortgage guy/gal their real opinion of realtors and they will most likely say the same…off the record off course! What about the Realtors??? They were unprofessional slobs before this debacle and will remain the same after this cleans itself up.

I sight the current TV commercial authored by the Realtor Assoc. which touts a homes value doubling in 10years. As a group they are oblivious to this entire situation…and will tell you straight faced that they had nothing to do with it…

Ask any mortgage guy/gal their real opinion of realtors and they will most likely say the same…off the record off course!

]]> by: nk http://www.mediachannel.org/wordpress/2008/05/06/investigating-wall-st-crime/#comment-15623 Tue, 06 May 2008 18:35:14 +0000 http://www.mediachannel.org/wordpress/2008/05/06/investigating-wall-st-crime/#comment-15623 WHAT ABOUT THE REALTORS? WHAT ABOUT THE REALTORS?

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