Saturday, September 25, 2010 9:42:48 AM
I did think when watching this segment it was one of the strongest ones I've seen from the Daily Show in months (though every episode and is great and Stuart is phenomenal). So um...who`s going to his rally?
Saturday, September 25, 2010 6:47:13 AM
Madest: can you provide a source for that information please. Because it's fairly accepted that the government policy (including FHA and freddie and fannie) caused the housing bubble. Bank CEOs weren`t just sitting around wringing their hands one night and deciding to start giving out sub-prime loans to people with no credit.
Friday, September 24, 2010 10:01:31 PM
Mortgage backed securities was a damn bad idea to begin with. But allowing them to run wild under the auspices of giving more poor people houses was an absolute time bomb. This was fraud on a massive basis, Worse than the savings & loan scandal and the culprits have still not seen a minute of jail time. Let's take a look at a few who got rich off this scandal.
Franklin D. Raines, [Currently a Housing Policy Adviser for the Obama Campaign] [Carter administration assistant director for Domestic Policy] Fannie MaeChairman and CEO Designate Salary $526,154, Award/Bonus $1,109,589
James A. Johnson [Obama VP Vetter and Funds Bundler] Chairman and CEO Salary $966,000, Award/Bonus $1,932,000
Jamie Gorelick [Deputy Attorney General for Clinton] [Currently works for Law Firm representing Fannie Mae] Vice-Chairman of Fannie Mae: $567,000, Award/Bonus $779,625