Time To Prosecute Bank Of America - Detroit's No.1 Loan Shark

[Detroitnerd]

Guess what? I share some of your outrage at what the banks did. I would have preferred that they'd not been bailed out, if that could have been done without a catastrophic global economic event. They should have failed, their execs should have been fired and sued, their shareholders should have been wiped out, and their bond holders should have had to fight over the scraps.

Shoulda, coulda, woulda. And yet those criminal cocksuckers are riding high in the saddle, and are likely going to crash the system again. All while you're busy wagging your finger at ... a mirage, basically. There is no huge group fighting the banks. Dodd? Those people are paid by the banks to write the rules the way they want them. And any tough rules are really just posturing. The banks will get what they want in the end, mostly because people who ought to know better are busy looking the other way.

That doesn't make what the naive do-gooders have done any better. People who think like you throw the baby out with the bathwater in your ignorance of finance and your knee-jerk dislike of big business, capitalism and free markets.

That's another tub of horseshit. You are now taking people who want tough laws on white collar crime and want them enforced and lumping them in with enemies of big business, capitalism and free enterprise. What a load of commie-baiting bullshit. If the banks behaved by the rules, I wouldn't be railing against them and we wouldn't be in this goddamn mess. The complaint is that the banks were criminal, that they bought the rules and enforcement they wanted in Washington, and that they're getting socialism for the rich when we're all busy cutting socialism for the poor. Let me tell you, if capitalism and free enterprise means one set of laws for the rich and another for the poor, I guess I'm red all over. But I really don't think that's the case.

Are you happy now that loans are so hard to come by if you're not A+ credit? Do you love that many otherwise solid potential homeowners who want and could afford a home of their own are now forced to live in more costly rental housing for years? Do you care that rental neighborhoods are less stable than owner-occupied neighborhoods, because that's on you, and those who think like you. But to hell with actual people, you're busy getting your rocks off on "fighting the man". That's pretty self-centered.

No, that's not on me. I don't have any fucking political power, so HOW THE FUCK IS THAT ON ME? I got my mortgage last year. It took many months, but I'd rather have to supply paper and explain things and allay a borrower's concerns than to expect to get as much money as I can borrow on a signature and a promise. Gave me more time to study the terms too. Wound up with a pretty good deal on a 15-year mortgage. I'm not crying about it. That's how it works: Lenders should be taking a good long look at you and deciding if you're worth the risk. In what Rainbow Candyland am I just entitled as a borrower to lots and lots of money?

Am I mad over the situation with the banks? Yes, I'm mad as hell about it. They were crooked and they committed crimes and they should be in jail. The banks should have been purchased by the government for pennies on the dollar instead of lavishly rewarded. And the fact that you use this as an opportunity to rub your forefinger at me for shame because I'm in favor of -- holy shit! -- regulating the banks and enforcing the rules, well, that shows me how much credence to give you.

But the fact that you have leaped beyond that mere absurdity and are accusing me of, basically, being a foaming-at-the-mouth commie, bent on the destruction of Western Civilization, shows me you are something much more ridiculous than that.