"I don't think we've paid enough attention to the mortgage and financial fraud that have so dramatically contributed to the economic downturn. It is now becoming clear that unscrupulous mortgage brokers and Wall Street financiers were among the principal contributors to this economic collapse."
"I want to see people prosecuted…Frankly, I want to see people go to jail"
- Senate Judiciary Chairman Patrick Leahy, D-Vt., who evidently has just heard about Angelo Mozilo's many crimes, February 11, 2009
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43 comments:
The Orange Man will become a true Orange when he gets his Orange Jump Suit!
You know if they arrested him i think the market might raly.As it is now the american people have lost all confidence in this rigged and crooked system.
Hi Ange!
The boys in D block here are happy to learn we may get a chance to 'have you' in our midst soon...
Try to keep your back to the wall at all times and be sure you have good soap discipline during shower time.
You better get your ink soon after arrival. You wouldn't want to become a punk by mistake.
We have many activities planned for you Angelo. You money and power doesn't matter in this world. We have Our Own Rules, which you will discover very soon, and without a doubt, the Hard Way.
We don't particularly care for cheats, sneak theives and child or elderly molesters here. We care even less for people who steal life savings from innocent people and cause them to suffer. We usually deal with inmates like that with our own special brand of treatment. Call it a 'Royal Welcome'.
Well Ange, Good Luck at the trials. If I werer you I would do a 'DB Cooper' and get the hell out of dodge Right Away while you still can.
Your Life is about to become a series of terrible (all for YOU) misunderstandings. It will be a long, long time until you hear a wooden door close again.
Well, Orange Man, we are keeping the lights on for you and Big Bubba Joe is keeping your bed warm for you.
See you Soon, Punked.
He is the poster child for corrupt assholes, but is far from having that position alone. All the mortgage heads that produced illegal loans must be prosecuted. The meat in the sandwitch is the greedy realtors and agents who are between the corrupt lenders, and the overzealous and greedy buyers. Doubt if the realtors can be prosecuted--their punishments will be limited to their loss of plum picking in the future. The greedy (knows he cant afford it) homebuyer will just go bankrupt and still wont learn anything. Can't anyone do anything right anymore?
Leahy is paying lip-service to constituent outrage.
There is a growing public perception that the Justice Dept. was complicit in the orgy of financial fraud during the Bush Crime Wave.
By the politically expedient over-allocation of its 'resources' to chasing terrorists, they gave the fraudsters an unofficial 'green light' to ramp-up their illegal activities.
Dereliction of Duty can also be viewed as collusion if there is an intention to deceive.
I decided to put the biggest picture of the orange man I could up, just so you could all stare at it like the sun, and feel the rage build.
This man will go to jail. The frog march will come soon. And it will be glorious.
Jail?
Obama should reconsider rescinding the ban on torture for these guys.
Yeah, but he just wants to put the corporate guys in jail. I want to put the idiots in Congress in jail, too. They can still do favors for each other in the brig, but now they won't be screwing us in the process.
When these guys say they didn't know what was going on, it blows my mind. Congress and the MSM live in this cozy little imaginary place where Andrea Mitchell and Alan Greenspan are the king and queen, everyone pretends to be smart and no one has any clue what is really going on.
Keefer,
There must be a technical bug or coding error on your blog re: where Riots will break out next.
Not one choice for the predictable violence in Eurotard land?
there is no need to 'stimulate' the economy with money that does not exist, only to appease the people that govt is doing something. the $ will not go to anything useful. you can tell by the way it is always 'sold' to us...the O man saying 'spending is stimulus'. etc
all that needs to be done is to expel the greed and corruption. how hard would it be to actually find something on each ceo, for example, to get them to step down at the very least? that would get me interested back into getting into the markets and raise my confidence. instead, these guys are getting away with murder (literally, these guys basically are forcing people to suicide). if the blatant and public corruption and greed isnt being stopped, wwhat the heck is?
Is he Mexican?
Ship Orangezillo to the land were they resolve other peoples conflict with ‘Dialouge’ and their own with ‘Gas Chambers’ and ‘ live human cremators’.
Anywhere across the Atlantic is fine, France, Iceland, London, Berlin. Before or after a soccer game and no long waits for justice.
"Big Bubba Joe is keeping your bed warm for you."
Bubba's also picked out a special 'crotchless' orange jumpsuit for your Royal Welcome...
Sorry about that.
-The Bankers
I'm sure they're every bit as sincere as this nice lady.
Maybe it was for Christmas shopping; in the yuletide spirit of those early bonuses.
American Manifesto
I do hereby bequeath this anonymous contribution "american Manifesto" in the hopes that a bright spirit take it, mold it, and fill the sails with power. My time here is short. I do not expect to survive long due to the economy.
American Manifesto
A good start would be similar to the preamble to the Constitution:
"We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America."
- Americans demand domestic tranquility as spelled in the preamble. Domestic tranquility requires that the government and business community protect workers from Labor Arbitrage.
- American companies and politicians are required to present full disclosure of all monies appropriated.
- American leaders must be held accountable to the law for treason, theft, misappropriation of funds, lying to the public to gain political office, collusion, etc.
- The abolishment of the Federal Reserve.
- The abolishment of Affirmative Action and other laws thst discriminate by race or gender and hinder free enterprise.
- It will be forbidden to pass laws by secretly inserting them into bills, bail-outs, stimulus packages, judicial decisions, and the like.
- There will be transparency in legislative processes.
- There will be no Taxation without Representation. Americans will be represented and fully informed before laws or actions are taken.
- The government will be forbidden from enacting laws and legislature when it is clearly against the will of the people.
- What else?
Well, that's about all I have for you. The rest is up to you, the people, and I'm sure you can do better than me. It is your world now. Goodbye.
Leahy reminds me of the guy who is the last to figure out his gal is cheating on him.
All his friends and neighbors were hoping he would never figure it out so the party could keep going.
"...the right dreams for a man in peril were dreams of peril and all else was the call of langour and of death. He slept little and he slept poorly. He dreamt of walking in a flowering wood where birds flew before them he and the child and the sky was aching blue but he was learning how to wake himself from just such siren worlds. Lying there in the dark with the uncanny taste of a peach from some phantom orchard fading in his mouth. He thought if he lived long enough the world at last would all be lost. Like the dying world the newly blind inhabit, all of it slowly fading from memory.
"From daydreams on the road there was no waking."
-Cormac McCarthy, The Road.
All of us inhabit the world that Cormac describes. Gray, and unending. Bleak and devoid of hope for the future.
Our future has been burnt on the bonfire of Wall Street vanities, cheered by fools and whores, broadcast on AM radio through the Heartland of American, and sponsored by Dow Chemical, Archer-Daniels-Midland and the good people at Exxon-Mobil.
Soot and Ashes, you say?
Yes.
The dream of justice for such as Angelo is a hollow one, and a distraction from the living nightmare that we find ourselves in.
I read somewhere (here?) that mortgage applications are only saved for 2 years. Is this true? I sure don't want the paper trail destroyed. No proof of the cheating? How horrible would that be!!!!
Does anyone know of any blog or news source that's been harder on Mozilo, and for longer, than HP/S&A?
Just checking. Because when he goes down, I want this blog to be the one that celebrates the hardest.
Even though celebrating amidst the worldwide destruction he has caused will be bittersweet.
So, what are your Mozillo is Frog Marched celebration plans?
I think I'll burn a dollar bill, and go to a nice quiet pub or closing down restaurant and consider the silence.
Did you hear Ken Lewis say that the acquired Countrywide portfolio is relatively small so he doesn't need to worry about losses?
Most of those CEOs testifying in front of congress today are delusional and still living in La La Land. They need to start telling the truth and fess up to the coming losses in ALT-A and Option Arms.
Citi's Vikram Pandit is the only one of those clowns who's acknowledging the extent of the problem and even starting to mention forbearance.
None of them are talking claw backs either. This needs to occur with an increase on cap gains.
I really doubt Mozilo will ever see jail time, he is on the "Friends of Chris Dodd" list.
So Keith, are you feeling stupid yet for supporting these cats? Change, yeah right. Prepare the wallet, productive taxpayers, because the Messiah's coming for it:
Geithner and Shaun Donovan, the new secretary of the Department of Housing and Urban Development, met with officials from housing and other nonprofit groups, top bank executives and industry lobbyists Wednesday to hear proposals for how the new programs to fight foreclosures should be structured.
.
Oh yeah, the Fanta guy who provided VIP mortgages to Dodd & Co. is going to jail. Ha! You guys are so naive.
.
Can I have lube with that thing?
Mozilo has accepted Christ in his heart..
A good portion of the public is corrupt themselves so they don't desire going after these crooks. And when it gets difficult for this same public, only then will they demand something bad happen to these crooks out of the selfish motivation for retaliation. Only when the corrupt public's basic needs are not fufilled, will they demand a handout, again out of selfish motivations. Say nothing about equality, fairness, or long term sustainability. Onward ho empire!
I might even buy some stock if they gave an hundred or so maggots long jail sentences and huge fines.
Orangezillo's Wedding night with Bubba.
Bubba: "Hey, orange one. Let's play man and wife. Do you want to be the man or the wife?"
After some hesitation the orange one replies "I think I'd rather be the man."
Bubba: "Great. Then get over here and suck your wife's dick!"
Bush already stole all your tax money for the next 20 years. These posters crack me up with the Obama will tax you garbage. Bush-Cheney already took everything you have.
Number one con man of our generation facing jail time? Forget about it!
Does anyone know of any blog or news source that's been harder on Mozilo, and for longer, than HP/S&A?
Just checking. Because when he goes down, I want this blog to be the one that celebrates the hardest.
I think you have been at the front of the "Arrest Tangelo" charge. That being said, he's still BULLETPROOF until proven otherwise. I am rooting for you Keith, just not a lot of faith in our corrupt DC officials.
There's an understanding among many economists that the sooner a government intervenes in an economic crisis, the more effective it tends to be in getting the economy back on track.
Thought we could use a good laugh.
Prisoner No. 6
That was beautiful. Thank you. I am inspired, nay, speechless.
I've posted lots of stuff including the American Manifesto, but yours is my favorite post.
Oh one word about the condemned wretch Mozillo. You could say it better but here's my clumsy attempt.
Yes we are angry, but let's not forget out humanity. Were the mobs of murderous thugs during the French Revolution any better than the aristocratic scum that they sacked?
We are not a pack of foaming rabid dogs. We are better than that and if not, then out cause is not valid.
If Mozillo is found guilty then impose a just punishment legally and ethically. We must stay on the good side! After we are all human.
There is an opera called The Three Penny Opera that played on Broadway. This is the opera from which that song "Mack The Knife" is from. In the end the arch villain is pardoned and freed. Maybe it is a message about staying human, mercy, or whatever.
let's not get our hopes up,I think they're just f*cking with us...
Has anyone seen Tangelo lately?
Maybe he and A Roid can have an "Orange Off." My money's on Mozilo.
Why don't the government just take the fund gained from mortgage scams and put it back into Bailout fund.
http://www.kentucky.com/513/
story/691590.html
Defrauded investors and mortgage companies of $100 million since 2006
Christopher J. Warren, 27 A suspect in a nationwide mortgage fraud scheme who fled the country was caught at the Canadian border with $70,000 stuffed in his cowboy boots, and nearly $6,000 worth of platinum, authorities said Wednesday.
Prosecutors said Warren had photocopies of assay certificates showing the weight and purity of $1.1 million worth of gold, but it was unclear if he actually had ownership of that gold. They earlier had said he was carrying $1 million in Swiss bank certificates.
Authorities believe Warren also had brought to Lebanon $4 million to $5 million in gold.
Well, we can all breathe a sigh of relief even if he doesn't go to jail. He doesn't look very healthy so he'll probably die soon anyway. I mean, he's ORANGE for christ's sake! Isn't that a sign of something? (like liver problems)
And here we go again with the butterfly effect. What goes around comes around.
"A threat to justice anywhere is a threat to justice everywhere" - MLK jr
just a matter of time now...i am sure he is currently negotiating this jail time with the feds..
welcome to club fed Angelo.
"Justice is the Lords" ,so say the Good Book .
I never really knew what that meaning was
until now ,because humans can't get Justice . Eventually the crooks hang themselves somehow ,look at OJ .
What is Justice anyway ? I thought we were a Nation of Laws ,but thats only for the sheep .
The chosen elite have always controlled the struggling little man .This time the Money Changers went to far and have brought about the meltdown of the financial systems . Will the wicked escape the hand of Justice once more, or will the innocent rise up ,or will the Justice be the Lords ?
Mozillo knows to many political insiders. He will never be prosecuted. His insider friends would never permit that.
Hell, I'm surprised he was not appointed head of Housing and Urban Development. Maybe he will. To great fanfare. With Christopher Dodd and Barney Frank singing his praises.
So keeping posting your comments sheeple and then keep re-electing the same senators and representatives. After all, it is the senators and representatives of the other 49 states who are the problem, and not the beloved senators and representatives of your state. Hell, no! Your representatives and senators are good guys! It's the other ones who are the problem.
If they lock up this clown , one more industry will collapse . The fake tan sray on tanning industry will fold like a cheap beach chair
He will never go to jail.
This is America.
Quite the contrary.
I expect Obama to give him the medal of freedom.
Remember when Bush gave that medal to Tenet, the man who presided over the CIA before, during and after 9-11? They all agreed that the OBL attack was 'unknowable'.
Just like the establishment is saying about the housing bubble now. I expect a ceremony and medal for the organge Godzilla Mozillo.
Wake up Americans. Your gov't f*cks you over like a whore daily.
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