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FCIC - Is anyone watching or reading? - 1/26/2010 8:29:42 AM   
UncleNasty


Posts: 1108
Joined: 3/20/2004
Status: offline 		The Financial Crisis Inquiry Commission (FCIC) is touted as the "gang" that is going to get to the bottom of the financial mess/crisis, figure out what happened, how it happened, who is responsible, etc...

Is anyone here taking any notice?

I've read transcripts of testimony by several people, most notably thus far Sheila Bair of FDIC and Julia Gordon of the Center for Responsible Lending. Links to each are provided below.

FCIC has planned 200 separate 6 hour sessions, and to compile a report and plan at the end of such.

http://www.fdic.gov/news/news/speeches/chairman/spjan1410.html

http://www.responsiblelending.org/mortgage-lending/policy-legislation/Gordon-FCIC-testimony-final.pdf


Uncle Nasty
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RE: FCIC - Is anyone watching or reading? - 1/26/2010 10:00:26 AM   
popeye1250


Posts: 18104
Joined: 1/27/2006
From: New Hampshire
Status: offline
quote:

ORIGINAL: UncleNasty

The Financial Crisis Inquiry Commission (FCIC) is touted as the "gang" that is going to get to the bottom of the financial mess/crisis, figure out what happened, how it happened, who is responsible, etc...

Is anyone here taking any notice?

I've read transcripts of testimony by several people, most notably thus far Sheila Bair of FDIC and Julia Gordon of the Center for Responsible Lending. Links to each are provided below.

FCIC has planned 200 separate 6 hour sessions, and to compile a report and plan at the end of such.

http://www.fdic.gov/news/news/speeches/chairman/spjan1410.html

http://www.responsiblelending.org/mortgage-lending/policy-legislation/Gordon-FCIC-testimony-final.pdf


Uncle Nasty




Nasty, I think everyone pretty much "knows" what happened. Hopefully this "commission" will give us names so we know who to shoo,....who's responsable.

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"But Your Honor, this is not a Jury of my Peers, these people are all decent, honest, law-abiding citizens!"

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RE: FCIC - Is anyone watching or reading? - 1/26/2010 10:02:23 AM   
Termyn8or


Posts: 18681
Joined: 11/12/2005
Status: offline 		Don't shoo them away popeye, we want to shoot them.

T

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RE: FCIC - Is anyone watching or reading? - 1/26/2010 10:22:46 AM   
Real0ne


Posts: 21189
Joined: 10/25/2004
Status: offline 		any time they appoint these commissions its who do we witch hunt that we get rid of or the weak link and that becomes the fall man.

who do we hang as an example.

they will never even get close to the real tyrants.

There will always be fraud in banking because the whole monetary system is based in fraud and the next scam is already in the oven for several years ready to give us the next wonder ful cycle of wealth extraction.


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"We the Borg" of the us imperialists....resistance is futile

Democracy; The 'People' voted on 'which' amendment?

Yesterdays tinfoil is today's reality!

"No man's life, liberty, or property is safe while the legislature is in session

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RE: FCIC - Is anyone watching or reading? - 1/26/2010 11:39:31 AM   
Termyn8or


Posts: 18681
Joined: 11/12/2005
Status: offline 		"cycle of wealth extraction"

Well put.

T

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RE: FCIC - Is anyone watching or reading? - 1/26/2010 11:59:09 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		We bailed out AIG- which is an insurance company.  We also sent money to the FDIC which their function is to insure.

Paper promises.    There is nothing that can be done.  It all collapses.   Finished.    There is no speech that Obama or anyone can give to stop it.

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RE: FCIC - Is anyone watching or reading? - 1/26/2010 12:35:23 PM   
Brain


Posts: 3792
Joined: 2/14/2007
Status: offline 		Not really because until Obama fires Geithner and Summers and replaces them with people with clean hands, not Goldman Sachs puppets, they are not serious about reform.

7 Minutes With Joseph Stiglitz: Hopes Geithner and Summers Learn From Serious Errors
http://www.huffingtonpost.com/steve-clemons/7-minutes-with-joseph-sti_b_431520.html

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RE: FCIC - Is anyone watching or reading? - 1/27/2010 6:57:03 AM   
UncleNasty


Posts: 1108
Joined: 3/20/2004
Status: offline 		My fear about this commission and its impact/effectiveness is that the American people don't have an attention span long enough to keep up with 1200 hours of testimony and the report that follows.

Based on the mere 30 plus hits, and the 6 responses, I fear it is even worse than that. There is nothing to indicate that anyone here followed the links and read the text. It appears that very, very few are even bothering to pay attention at all.

:(


Uncle Nasty





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RE: FCIC - Is anyone watching or reading? - 1/27/2010 8:16:35 AM   
rulemylife


Posts: 14614
Joined: 8/23/2004
Status: offline
quote:

ORIGINAL: pahunkboy

We bailed out AIG- which is an insurance company. 




U.S. to Take Over AIG in $85 Billion Bailout; Central Banks Inject


For one thing, banks and mutual funds are major holders of AIG's debt and could take a hit if the insurer were to default.
 
In addition, AIG was a major seller of "credit-default swaps," essentially insurance against default on assets tied to corporate debt and mortgage securities.
 
Weakness at AIG could force financial institutions in the U.S., Europe and Asia that bought these swaps to take write-downs or losses.



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RE: FCIC - Is anyone watching or reading? - 1/27/2010 9:02:18 AM   
Real0ne


Posts: 21189
Joined: 10/25/2004
Status: offline
quote:

ORIGINAL: UncleNasty

My fear about this commission and its impact/effectiveness is that the American people don't have an attention span long enough to keep up with 1200 hours of testimony and the report that follows.

Based on the mere 30 plus hits, and the 6 responses, I fear it is even worse than that. There is nothing to indicate that anyone here followed the links and read the text. It appears that very, very few are even bothering to pay attention at all.

:(


Uncle Nasty



well and that is why I took such extensive measures to protect myself from the system.

Pepole want a government of the people and their attention span is the game or xbox.

May as well keep them going around in circles spinning their wheels and paying taxes imo

Its unfortunate but its no wonder the elite are the elite and the gap gets wider, they keep their eye on the ball and the more I get into it the more I see their logic and understand their position.

Fix yourself and you family up and fuck em.


_____________________________

"We the Borg" of the us imperialists....resistance is futile

Democracy; The 'People' voted on 'which' amendment?

Yesterdays tinfoil is today's reality!

"No man's life, liberty, or property is safe while the legislature is in session

(in reply to UncleNasty)
Profile   Post #: 10
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