Press release- Largest racketeering lawsuit in US history names Holder, Geitner
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Press release- Largest racketeering lawsuit in US history names Holder, Geitner

  1. #1
    steelcomp was here
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    Senior Member SoldHondaBoughtHondo's Avatar
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    I got lost on that one. Could someone explain that in layman's language?
    "A liberal paradise would be a place where everybody has
    guaranteed employment, free comprehensive healthcare, free
    education, free food, free housing, free clothing, free
    utilities, and only law enforcement has guns. And believe it or
    not, such a place does, indeed, exist: It's called prison."

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    Red Blooded American The Doctor's Avatar
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    Quote Originally Posted by SoldHondaBoughtHondo View Post
    I got lost on that one. Could someone explain that in layman's language?
    "Banksters and their Co-Conspirators" - makes it irrefutable that the epicenter of this laundering and racketeering enterprise has been and continues to be Wall Street and continues to involve the very "Banksters" located there who have repeatedly asked in the past to be "bailed out" and to be "bailed out" in the future.

    Sounds as if our own administration officials have irresponsibly chosen to bail out "certain" groups.
    The best things in life aren't things!

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    steelcomp was here
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    The shit is starting to hit the fan for the big banksters. In April it was a $25billion Federal District Court consent judgement against the five big mortgage banks, (bet you never heard about that one either) earlier this year it was $677billion against them from the FDIC, (again, never heard about it). I think just the last couple weeks we heard of BofA and WF both getting sslapped with a $billion+ fine...
    Their chickens are coming home to roost.
    I remember saying something about this coming last year...got laughed at. Was told I didn't knwo WTF I was talking about...needed a tin foil hat...LOL.
    This is the tip of the iceberg and it started long before Obama. The government and banks have committed fraud on an un precedented scale and have scammed the whole country for decades.
    Last edited by scott foxwell; 10-27-2012 at 10:41 AM.
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    Senior Member Uncle Dave's Avatar
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    Another sad fact is that the banks even after being given trillions - simply aren't loaning money.

    Oh you can get a car or something like that - but a business asset ? Just try it.

    Ive been trying to get a business loan for a 100K asset and Ive been to 4 banks trying.
    I have 4 times the loan amount liquid cash (5x in equities)
    In business for 12 years
    A sizable income, minimal monthly costs, & perfect credit (800+) yet no one will loan me the money.

    I havent been "denied"- I get the line that there isnt a "match to our packages" line. After they spend 4 weeks asking for this and that.

    Well, one bank will, but it turned into a "Chicago style" wheel and deal.
    Being fron Chicago I can deal with that and know how it works.

    Net net- the banks really arent "loaning" regardless of QE1-4.

    They are hoarding cash to protect from lawsuits and other.

    Small businesses are fucked- no way to grow because you cant really borrow.


    Uncle Dave
    Last edited by Uncle Dave; 10-27-2012 at 10:00 AM.

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    steelcomp was here
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    Quote Originally Posted by Uncle Dave View Post
    Another sad fact is that the banks even after being given trillions - simply aren't loaning money.

    Oh you can get a car or something like that - but a business asset ? Just try it.

    Ive been trying to get a business loan for a 100K asset and Ive been to 4 banks trying.
    I have 4 times the loan amount liquid cash (5x in equities)
    In business for 12 years
    A sizable income, minimal monthly costs, & perfect credit (800+) yet no one will loan me the money.

    I havent been "denied"- I get the line that there isnt a "match to our packages" line. After they spend 4 weeks asking for this and that.

    Well, one bank will, but it turned into a "Chicago style" wheel and deal.
    Being fron Chicago I can deal with that and know how it works.

    Net net- the banks really arent "loaning" regardless of QE1-4.

    They are hoarding cash to protect from lawsuits and other.

    Small businesses are fucked- no way to grow because you cant really borrow.


    Uncle Dave
    If you hve 400K in liquid cash, why are you trying to borrow another 100K? Why not just spend 100K of your own money and get on with business? Honest question...this is not against you UD.

    Lot of good that "perfect" credit is doing you. I think the whole "credtit system" is rediculous.
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    Senior Member SoldHondaBoughtHondo's Avatar
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    Isn't borrowing money against profits that you haven't earned yet a lot like gambling on something you have little control over? And in fact you want to borrow from those who do have control over the economy....Maybe they are trying to tell you something? They don't want your assets, that want money and they know they won't get bailed out again..If Romney gets elected the rules will change. Just asking....i am more of cash and carry kind of guy...
    "A liberal paradise would be a place where everybody has
    guaranteed employment, free comprehensive healthcare, free
    education, free food, free housing, free clothing, free
    utilities, and only law enforcement has guns. And believe it or
    not, such a place does, indeed, exist: It's called prison."

    Sheriff Joe Arpaio
    Maricopa County Sheriff's Office

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    steelcomp was here
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    Quote Originally Posted by SoldHondaBoughtHondo View Post
    Isn't borrowing money against profits that you haven't earned yet a lot like gambling on something you have little control over? And in fact you want to borrow from those who do have control over the economy....Maybe they are trying to tell you something? They don't want your assets, that want money and they know they won't get bailed out again..If Romney gets elected the rules will change. Just asking....i am more of cash and carry kind of guy...
    X2. It's been estimated that 95% of the money created today is created as a debt owed to private banks.
    If God is your co-pilot, change seats!
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    Senior Member Uncle Dave's Avatar
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    Quote Originally Posted by steelcomp View Post
    If you hve 400K in liquid cash, why are you trying to borrow another 100K? Why not just spend 100K of your own money and get on with business? Honest question...this is not against you UD.

    Lot of good that "perfect" credit is doing you. I think the whole "credtit system" is rediculous.
    Good question- Ill explain.

    Its not MY business per see that needs the asset its the wifes business.

    Im positioning the loan as one to my wifes business with me as a cosigner and secondary guarantor
    This is so the interest on the debt and write off rightfully follows her business.

    Ill probably just pay as you say.

    Even perfect credit aint worth shit now

    I could sneeze and get this loan in 2005.




    Uncle Dave

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    Icy
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    Quote Originally Posted by Uncle Dave View Post
    Good question- Ill explain.

    Its not MY business per see that needs the asset its the wifes business.

    Im positioning the loan as one to my wifes business with me as a cosigner and secondary guarantor
    This is so the interest on the debt and write off rightfully follows her business.

    Ill probably just pay as you say.

    Even perfect credit aint worth shit now

    I could sneeze and get this loan in 2005.




    Uncle Dave
    Just curious, what rate/terms were you anticipating?

    Have you considered VC?

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    Senior Member Uncle Dave's Avatar
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    Quote Originally Posted by SoldHondaBoughtHondo View Post
    Isn't borrowing money against profits that you haven't earned yet a lot like gambling on something you have little control over? And in fact you want to borrow from those who do have control over the economy....Maybe they are trying to tell you something? They don't want your assets, that want money and they know they won't get bailed out again..If Romney gets elected the rules will change. Just asking....i am more of cash and carry kind of guy...

    NOt sure if you are referring to me or not.

    If you were - note that I never pledged income against the loan that would be additive on top.

    I offered collateral of money GREATER than 1-1 before I got an offer on a structure that I couldn't use.

    I started at I deposit 90K in your bank and you loan me 90 - 4 banks wouldnt do it.



    Uncle Dave

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    Senior Member Uncle Dave's Avatar
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    Quote Originally Posted by Icy View Post
    Just curious, what rate/terms were you anticipating?

    Have you considered VC?

    Actually I got a rate and a loan it just isnt structured like Id like its to me and not me as a guarantor.

    The deal I actually ended up with is pretty unbelievable rate wise but it cost me in other ways.

    IF I take it I have to move a disproportionate amount of my business income AND my personal income to accomplish it.


    Uncle Dave

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    Quote Originally Posted by steelcomp View Post
    X2. It's been estimated that 95% of the money created today is created as a debt owed to private banks.
    estimated by whom?

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    Quote Originally Posted by Uncle Dave View Post
    Good question- Ill explain.

    Its not MY business per see that needs the asset its the wifes business.

    Im positioning the loan as one to my wifes business with me as a cosigner and secondary guarantor
    This is so the interest on the debt and write off rightfully follows her business.

    Ill probably just pay as you say.

    Even perfect credit aint worth shit now

    I could sneeze and get this loan in 2005.




    Uncle Dave
    So could someone who had no proof of income.

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