Senator Franken Sends Letter To Bernanke, Bair And Holder Demanding Criminal Charges For All Responsible For Biggest Alleged Mortgage Fraud In History

Tyler Durden's picture




 
0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 09/30/2010 - 11:08 | 615435 Steak
Steak's picture

a random thursday suprise

quick and dirty (an eclectic playlist): http://www.youtube.com/view_play_list?p=C84017808D1C5674

and everyone lay out the welcome mat for Mr. Whalen as well...i for one am very happy to have him on the site :D

Thu, 09/30/2010 - 11:40 | 615576 kengland
kengland's picture

Irrelevant until the most pertinent question is asked...

 

Who received the funds when the foreclosure was sold. I still have not seen this question asked.

Thu, 09/30/2010 - 12:34 | 615749 VWbug
VWbug's picture

Who received the funds when the foreclosure was sold. I still have not seen this question asked.

i'm pretty sure that Ally and JPM etc are stealing the funds and the owners of the mortgages are too stupid to realize it.

/sarcasm off

Thu, 09/30/2010 - 11:51 | 615610 Nolsgrad
Nolsgrad's picture

Stizzak!

Thu, 09/30/2010 - 12:03 | 615653 hbjork1
hbjork1's picture

Franken certainly delivers some wonderful "one-liners".

Thu, 09/30/2010 - 13:58 | 615804 99er
99er's picture

And so a Black Swan appears in Washington. Who cudda known? Another Black...William J.

Speaking truth to power.

Thu, 09/30/2010 - 14:26 | 616107 vachon
vachon's picture

Good to see you, steakz.

Thu, 09/30/2010 - 11:08 | 615436 dhfry@yahoo.com
dhfry@yahoo.com's picture

It would be a lot better if the letter came from a more credible source than the abysmal Franken.

Thu, 09/30/2010 - 11:13 | 615462 mikla
mikla's picture

+1

Franken is a clueless populist idiot, but something like this *has* to come from somebody like that, because anyone with a brain would understand the implications of what's about to happen from such a letter.

I'm glad the letter was written -- consequences are inevitable.  However, we can all agree that it's because Franken is such an idiot that it was possible for the letter to be written at all.

Thu, 09/30/2010 - 11:14 | 615464 Dr. No
Dr. No's picture

Excellent point.

Thu, 09/30/2010 - 11:26 | 615523 Shameful
Shameful's picture

Well I'm sure after a few hard nosed gentlemen show up to his home late at night and explain the situation to him that he will see the error of his ways.

"It's not like SNL, funny man.  Messing with our money is like messing with our emotions"

Thu, 09/30/2010 - 11:26 | 615524 alien-IQ
alien-IQ's picture

"Franken is a clueless populist idiot"

yes, heaven forbid a politician should attempt to do anything that benefits the people. how dare he forget who his masters are. 50 lashes on the white house lawn for this populist scum.

geez.

Thu, 09/30/2010 - 11:31 | 615536 docj
docj's picture

And if Fart-face had sent this "strongly worded letter" a year ago it probably would have done some good.  And if he'd followed-it up with a "and let's see what the Fed and the GSE's like Fan/Fred are doing to aid and abbet this nonesense" letter that might have helped, too.

But as someone who's been on this site as long as have I you should be pretty accutely aware that the ZH community has a pretty darn low tolerance for BS populist election-silly-season grandstanding - regardless of the grandstander.

Thu, 09/30/2010 - 11:34 | 615551 Cognitive Dissonance
Cognitive Dissonance's picture

Hey, speak for yourself.

I happen to like "BS populist election-silly-season grandstanding". It makes the silly season that much more enjoyable. BTW, it's just God's gift that Halloween comes around a week before the grand finale. :>) 

Thu, 09/30/2010 - 11:35 | 615556 docj
docj's picture

Heh - fair enough.

I mean, I like it too - like I enjoy good por... uh, streaming video on the internet.  Doesn't mean we have to take is seriously though, right?

Thu, 09/30/2010 - 12:28 | 615731 pan-the-ist
pan-the-ist's picture

Eat a dick docj.  Franken would school you in a debate.

Thu, 09/30/2010 - 13:35 | 615942 patience...
patience...'s picture

ZH seniority doesn't necessarily equate to a correct point of view either.

Thu, 09/30/2010 - 15:41 | 616423 docj
docj's picture

Fuck you very much, asshole.

I'll take the other side of that bet.  Personally.

Thu, 09/30/2010 - 11:31 | 615541 JLee2027
JLee2027's picture

As terrible as Alan Grayson and Al Franken are in other areas, there are correct here.

But I don't think we can avoid "The Great Reset" which is approaching.

Thu, 09/30/2010 - 11:37 | 615566 mikla
mikla's picture

The assertion is that he doesn't know what he's doing, and that he doesn't understand the implications from his decision.

Rather, he is merely posturing for "populist market position" -- establishing a base -- not for any noble purpose, nor for anything to "benefit his people".

However, yes, he serves a purpose:  I'm glad the letter was written, and likely some good will come of it.  In the end, Smeagol "did good" but it was not with his intention to "do good".

Thu, 09/30/2010 - 13:02 | 615851 Ripped Chunk
Ripped Chunk's picture

"Franken is a clueless populist idiot"  But I am sure your credentials are much more impressive mikla. Lets hear them. Otherwise STFU

Thu, 09/30/2010 - 11:26 | 615525 Cognitive Dissonance
Cognitive Dissonance's picture

However, we can all agree that it's because Franken is such an idiot that it was possible for the letter to be written at all.

Point taken.

However is it not always the case that when speaking truth to power is truly a revolutionary act that the deaf, blind and stupid must step up to bat for the more "intelligent", "wise" and "informed" of the nation.

Thank God for Al Franken.

Thu, 09/30/2010 - 13:57 | 615987 Problem Is
Problem Is's picture

"intelligent", "wise" and "informed"

You Mean Obummer, Dodd and Frank, CD?
They are all bought and bribed by TBTF to be "deaf," "stupid" and "blind"...

Current US political system:
Rock, paper, scissors = Systemic corruption, useful idiots, bribes...

Useful idiots (Obummer, Dodd, Frank) cover systemic corruption... Bribes cut through useful idiots...

Thu, 09/30/2010 - 15:07 | 616302 apberusdisvet
apberusdisvet's picture

What everyone seems to be missing is that both Grayson and Franken are useful Progressive idiots that may be merely "stalking horses" for future over-regulation/nationalization of the banksters so that the endgame of the Marxist utopia can occur.

Thu, 09/30/2010 - 12:25 | 615708 hbjork1
hbjork1's picture

mikla,

Yep.  Ever read the Nathan Hale story.  That guy was an idiot!  Admitting all as he did, throwing away his life and all that he would have had if he had played the game a little smarter.

Having been around through the WWII and since, IMO, Harry Truman was an idiot.  He was so poor when he went back to civilian life that he was only able to have his "Excellent Adventure" because Chrysler gave him a car.  If, in office, he had played his cards right, he could have been a rich man.

People who sacrifice themselves for the benefit of others are surely "Idiots" because they don't understand that the sheeple just don't really give a damm.  

Thu, 09/30/2010 - 13:00 | 615846 Ripped Chunk
Ripped Chunk's picture

"Franken is a clueless populist idiot"  But I am sure your credentials are much more impressive. Lets hear them mikla. Otherwise STFU

Thu, 09/30/2010 - 14:20 | 616073 MrBoompi
MrBoompi's picture

Since there is no information presented to back up your claim Franken is an idiot, I'll assume your post is just worthless partisan hackery.

 

And maybe next time you can list the Republican lawmakers who have been doing such a bangup job with our economy.  It will be a short list indeed.

 

 

Thu, 09/30/2010 - 15:08 | 616311 mikla
mikla's picture

I'm a little surprised at the direction of the thread.  However, since you use whole sentences, I will attempt to be constructive in response, while including responses to other thoughts in this thread (I don't see the need to reply to each comment).

Since there is no information presented to back up your claim Franken is an idiot, I'll assume your post is just worthless partisan hackery.

My response (above):

The assertion is that he doesn't know what he's doing, and that he doesn't understand the implications from his decision.

I don't need to "prove" he's an idiot.  I merely asserted that this train will now leave the station, headed in a direction that Franken doesn't understand (and probably does not want).  I could be wrong (maybe Franken is a genius), but that's (mostly) irrelevant.

For "supporting information" to my "idiot" claim (leaving aside his background and nature in which he got his seat), I would draw attention to the fact that Franken, as a democrat, is historically tied to support of Fannie&Freddie, the MBS market manipulation, and the Government's regulatory roles.  When Franken realizes that he just called them fraudulent in design, form, and function (he doesn't realize he just said that, but that's where this is going), IMHO he will have second-thoughts.

(Both parties are corrupt when it comes to these programs, but they were principally a democrat playground.)

(not to me, but in Franken's defense):

Franken would school you in a debate.

I take that to mean, "You are a poopie-head!".  Yes, I am a poopie-head.

But I am sure your credentials are much more impressive mikla. Lets hear them. Otherwise STFU

I make assertions.  You can respond/question/challenge them, or ignore them.  Credentials are irrelevant.  Clearly, Franken is a Senator, so if credentials were important, then none of us would question him.

However, I assure you that I have many mail-order PhDs from non-acreddited institutions (too many to list here).

People who sacrifice themselves for the benefit of others are surely "Idiots" because they don't understand that the sheeple just don't really give a damm. 

Again, the assertion is that he is *not* sacrificing himself.  He is attempting to establish market position (build a populist support base).  Pretty much all politicians do this.  In Franken's eyes, Franken is behaving with the expectation of "maximum upside" for Franken, and "minimum downside" for Franken.  (No biggie -- almost all politicians do this.)

is franken a populist or a progressive...do you know the difference?

Franken is both.  Populists attempt to benefit from riding the waves of an angry mob.  That's the motivation for Franken's letter.  Progressives attempt to re-distribute wealth from the "undeserving" to the "deserving".  That's Franken too (e.g., he's a liberal democrat).

We can agree that we are pleased Franken wrote this letter.  We can disagree on whether we want Franken over to our houses for dinner.  My amusement is that Franken has no idea what he's attempting to unleash.  Perhaps you think he understands?  Great.  Then he'll be happy when he gets it.

Thu, 09/30/2010 - 15:33 | 616391 Ripped Chunk
Ripped Chunk's picture

You are correct. Credentials are not required from Trolls. It's a waste of time.

Thu, 09/30/2010 - 15:55 | 616461 docj
docj's picture

Franken would school you in a debate.

That was actually directed at me, but thanks for responding in a slightly more temperate way than did I.  Having to deal with airport security, particularly at Logan, tends to turn my disposition to a darker side.

As to the "debate challenge", I would be more than happy to put-up my ScM (Mathematics) and PhD (Engineering) from Brown against Franken's BS in General Studies from Harvard.

Thu, 09/30/2010 - 14:20 | 616076 greyghost
greyghost's picture

is franken a populist or a progressive...do you know the difference? are you aware that the populist movement was co-oped by the progressives such as teddy roosevelt and woodrow wilson who gave us the federal reserve. wait does that mean the bankers front run the populist movement to death? does that mean there was not a dimes worth of difference between teddy on one side and woodrow on the other......damn how times don't change...lol

Thu, 09/30/2010 - 11:08 | 615438 Dr. No
Dr. No's picture

"Senator Franken" at first I thought is was a joke, but being from Minnesota, realize it really is a joke.

Thu, 09/30/2010 - 11:37 | 615562 E pluribus unum
E pluribus unum's picture

Looks like another Minnesota Senator is about to die "unexpectedly" in a plane crash "accident".

Thu, 09/30/2010 - 11:58 | 615626 packman
packman's picture

Why?  He's pointing the finger at Ally, for Chrissake.  WTF does Ally have to do with the housing bubble?  Very little.  The real culprits - JPM, GS, Citi, etc. - I'm sure are quite applauding Franken's little red herring attempt.

 

Thu, 09/30/2010 - 12:32 | 615746 hbjork1
hbjork1's picture

packman,

1st and apology. I accidently hit the junk butten while going for "reply".  No criticism intended.

IMO, he is going after the domino that he can make a strong case against.  Once precident is established, it will be a guide for the future.

Thu, 09/30/2010 - 12:37 | 615762 Cognitive Dissonance
Cognitive Dissonance's picture

You can always "un-junk" someone you junked. Just hit the button again.

Thu, 09/30/2010 - 14:22 | 616085 hbjork1
hbjork1's picture

CD,

Thanks for the "unjunk" note.

Thu, 09/30/2010 - 12:37 | 615763 DaveyJones
DaveyJones's picture

was thinking the same thing.  Ally is the Deepwater Horizon of this mess. I am sure washington and the bankers will come up with their corexit in no time.  

Thu, 09/30/2010 - 13:04 | 615852 Ripped Chunk
Ripped Chunk's picture

Governor Ventura

Thu, 09/30/2010 - 11:10 | 615441 ATM
ATM's picture

The government IS mortgage fraud bitchez.

Thu, 09/30/2010 - 13:59 | 615990 hedgeless_horseman
hedgeless_horseman's picture

Yes, oddly enough the government is about to lose even more credibility once it is discovered that it worked in collaboration with the biggest mortgage fraud scheme in history.

Negative credibility to go with negative interest rates.

Thu, 09/30/2010 - 13:59 | 615993 Problem Is
Problem Is's picture

Fact, ATM...

Thu, 09/30/2010 - 11:10 | 615447 Everyman
Everyman's picture

I don't like Senator Fraken, however I fully support him on this.

 

But it will go nowhere.

Thu, 09/30/2010 - 11:20 | 615497 spekulatn
spekulatn's picture

Smoke and mirrors. Bullshit. Kacka de agua. Poop.

 

Barney needs a first down and fast. He is in danger of losing the game.

 

The good people of Mass. have the plunger and are ready to flush.

Thu, 09/30/2010 - 11:35 | 615558 snowball777
snowball777's picture

The good people of Bost-consin kindly request that you pull your head out of your agua de caca.

Thu, 09/30/2010 - 11:56 | 615624 spekulatn
spekulatn's picture

A sphincter says what?

Thu, 09/30/2010 - 12:46 | 615806 snowball777
snowball777's picture

Don't bring your Mom into this.

Thu, 09/30/2010 - 11:10 | 615448 cossack55
cossack55's picture

My question:  Just how much credibility do you think the goobermint has left. 

Thu, 09/30/2010 - 11:11 | 615449 TradingJoe
TradingJoe's picture

Saw this, it all starts with "The Honorable blabla" none of these scumbags is honorable or honest or truthful so why "honor" them, JAIL JAIL JAIL! I say! 

Thu, 09/30/2010 - 11:16 | 615477 Calculated_Risk
Calculated_Risk's picture

++ see below ;)

Do NOT follow this link or you will be banned from the site!