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XM Satellite Radio has signed Oprah Winfrey to a three-year, $55 million deal. Oprah and Friends will debut on XM in September. In addition to being a perfect counter-programming vehicle to the Howard Stern Show on rival satcaster Sirius, XM was able to snag Oprah for a fraction of Stern's massive five-year, $500 million contract.

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[Bofalawsuit]

Look! One of the little Piggies was before a commission on 04/09/10. ! Guess what he said in regards to himself and his management team? "We all bear responsibility for not recognizing this, and I deeply regret that"

My Answer:
NOT HALF AS MUCH AS WE ALL REGRET WHAT YOU DID! I mean after all, I am sure his mega mansion is not in threat of foreclosure. I wonder if the CEO of Bank of America and Citigroup live in the same neighborhood? Because I know they do not live in ours after I read this:

?Prince left the bank in 2007 with almost $40 million in bonuses, shares and options. Citigroup paid Rubin more than $120 million for his work at the bank over several years.
Bad bets on repackaged debt securities, consumer loans and other assets forced Citi to take three separate government rescue packages totaling $45 billion, more than any other major bank. When the dust settled, taxpayers held about a third of Citigroup's common stock and $27 billion of its debt.? See guys, shameless luxury! (Yahoo News)

My Answer: See! They did too do modifications! THEY MODIFIED THEIR INCOME! So lets not say they did not do any modifications.

Here Comes The Apology!:
"Chuck" Prince, former chief executive of Citigroup, apologized for his role in the crisis that roiled the U.S. economy." (Yahoo News)

My Answer:
Does that mean if Bin Laden apologized, we will forgive him and he can go back to his palace too? Because the last time I checked, Bin Laden played a part in a crisis that roiled up the U.S. economy.

What did the Commission Think Of His Testimony?
?Some members of the Financial Crisis Inquiry Commission -- charged by Congress with explaining the origins of the worst U.S. financial crisis since the Great Depression -- did not buy the two executives' half-hearted mea culpas.? (Yahoo News)

My answer:
AND NEITHER DO WE!

?Vice Chairman Bill Thomas pushed the Citi executives for some explanation of how they personally square the bank's financial calamities with their own lavish compensation packages, ?saying, "Behavior has to have consequences.? (Yahoo News)

YAH LITTLE PIGGIES! HOW DO YOU ANSWER THAT QUESTION?!

Did you hear that Bank of America? ?BEHAVIOR HAS TO HAVE CONSEQUENCES?
.
If it walks like a piggy, talks like a piggy, by golly it?s a PIGGY!

BofA and it?s CEO Brian Moynihan reminds me of that song by John Lennon and George Harrison titled "Piggies" I invite you to listen to this song on youtube and see if it appropriately fits.

http://www.youtube.com/watch?v=NTmeHM-Hojg&feature=related

Have you seen the little piggies
Crawling in the dirt
And for all the little piggies
Life is getting worse
Always having dirt to play around in.

Have you seen the bigger piggies
In their starched white shirts
You will find the bigger piggies
Stirring up the dirt
Always have clean shirts to play around in.

In their ties with all their backing
They don't care what goes on around
In their eyes there's something lacking
What they need's a damn good whacking.

Everywhere there's lots of piggies
Living piggy lives
You can see them out for dinner
With their piggy wives
Clutching forks and knives to eat their bacon.

WELL I HAVE HAD ENOUGH AND I AM FIGHTING BACK!

Please join my fight and show your support through your comments at www.unitedlawgroup.com

Divided we might have fell America, but united we must stand!

Sincerely,
[e-mail]

[slvrsurfer3]

I can't help but think of Golam when I see a picture of Blankenfeld "Give me the Precious!"

[stychokiller]

[quote]Democrats hope rising public anger with Wall Street will help them push new financial regulations past Republican objections - a pending overhaul bill that Levin said would "put a cop back on the Wall Street beat." [/quote]

Yeah right, unfortunately the SEC staffers that are gonna get added to the "beat", are actually gonna spend their time "beating it" to pr0n!

[babooph]

Blankcrook feels sorry for himself?-Fine him a few hundred million,take his home & pension funds-then he can feel like his victims...

[swenk22]

Kangaroo court... I'm no expert, but anyone who knows anything about these kind of investments know that one typically hedges the upside AND the downside to minimize potential losses if there are large movements in the investment. Goldman spells it out in testimony... "The firm says its large short was intended to balance an almost equally large "long" bet on securities that would grow more valuable if housing prices rose. Losses on those long bets left it with a net gain of less than $500 million in 2007 and a loss of $1.7 billion the next year. "We only had the short because we had the long," Viniar said." In fact, Goldman pays big bucks to make these "hedges" on either side... it's standard part of the game... and game it is. Just like social security is a game that will be a losing proposition in the near future with way more impact on us citizens than this kangaroo court is trying to drum up!

[noloyalisti]

The Congress and government is owned and run by money from rich, greedy big corporations. There are numerous highly paid corporate lobbyists running around bribing our elected officials.

You need gads of money even to run for office and that is supplied by the corrupt, criminal big corporations. In short, big corporations run the country as they do in most right wing fascist countries like the US.

[miami_don]

Thank you conservative Supreme Court for giving the lobbiest free rein. No we do not agree on a lot of things but on this we do. Lobbiest are the dogs of Wall Street.

[gman16506]

by gman16506 April 27, 2010 9:02 PM EDT
There are two sides to every story. When will we hear from the clients who lost money and whether or not they think they were misled? It's good that "Fab" thinks he didn't mislead his clients but what do his clients think.
....................................

given the type of clients who were buying these assets, you will never hear anything from them since they understood the transaction and the risks that were with the contracts. Since Goldman is a "market maker" the comes to Goldman and says I want this type of hedge---put it together. Much different than your broker recommending you buy 100 shares of XYZ. Just watched the last 1 1/2 hours of the hearing...what a waste of time----Levin seems to be saying you made money because you thought the housing market was going down.....I say hire Goldman to run the portfolios of Fannie and Freddie

[JavMD]

HEY ????????????? did anyone else see that Lloyd Blankfein must be related to:

Green Acres... the man that ran the hardware store ! uh!! oh yeah ! separate at birth...

he can be all bad then !

[RobAla]

With the national debt approaching $14 trillion, the US federal government has proven itself to be one of the most incompetent, corrupt, inefficient, irresponsible financial managers in the entire world. The same federal government, that recently reformed the health care system to be more expensive for more than 250 million Americans, now wants to reform Wall Street. Argghhhh!

To the federal government: when you have reformed your own financial crappy practices and reduced the federal government down to a manageable size, I will take you seriously. Until then, you are simply a bunch of blowhards!

[miami_don]

I am going to try to overlook that you do not understand that the dept you are speakig of is largely a Rebulican debt...to the tune of about 90% of it. But if you did the math you could figure that out. The budget for 2009 began in October of 2008 by George W Bush. Gosh it takes all the fun out of it knowing you do not understand when a fiscal year begins for your goverment but what would we expect out of a Republican.

The big difference however, is that Democrats pay their bills. Whereas Repulican administrations cut taxes to stay popular and then sell their debt to the Chinese.

Regan Republican are worthless. You want everything for free you are worse than wellfare widows and I cannot respect you opinons on anything. You sell out our nation and then cry and moan after you nearly bankrupted the nation and brought on the worst financial crisis since the Great Depression. I would be careful about calling people blowhards...maybe we will cut the goverment down to a manageable size by downsizeing medicare and making sure you tea potters don't get a cost of living increase until unemployment has reached 3%.

[retm-w]

miami_don

The democrats pay their bills? Sure they just add more taxes and still don't pay them. If Clinton (a democrat) had a surplus, why didn't he pay the debt Social Security was owed? Neither party pays their debts, they just keep running them up.

[nuttyworld]

1. Do not make a profit (i.e. if you sell your house do not make a profit because you will be considered evil.

2. Admin. racist against Jews.

[miami_don]

by nuttyworld April 27, 2010 7:15 PM EDT
1. Do not make a profit (i.e. if you sell your house do not make a profit because you will be considered evil.

2. Admin. racist against Jews
------
First, are you a homeowner? Is your house underwater? Now in all your wisdom explain to us how it was possible for Wall Street to become Deregulated? Who took away the safeguards that would have never allowed the actions of companies like Goldman Sachs? Let me give you a hint it was not this administraion.

I hope you did sell your home for a profit...but I doubt you own a house because you do not understand the mess the market is in or even what caused it. You spineless monkey you have no idea what you are talking about.

There people out here with real problems and if this is the best you can offer go home drink some tea and take you nap.

Further, does Obama even look a little like Mel Gibson? Do you believe that anyone who has been discriminated against is going to discriminate? How insulting your impoverished thinking is you really do have a sewage dump between your ears.


Are you upset because Obama will not do the "I love Israel dance". Let me make this simple (where do they find you guys?) The USA has been the only friend that nation has ever had...we have armed it against its enemies; we have supported its economy; and we have been its only defender in the United Nations.

Tell me how much respect Binyamin Netanyahu has for anyone in the America? Do you think we should overlook his behavior? Then you are a fool, it is the only explanation I can find, because only a fool would bite the hand that feeds it.

[stychokiller]

@miami_don:
-- [quote]To illustrate my point that you all believe the propaganda instead of doing your
research this statement is totally uninformed: "It was when the banks and wall
street starting selling their loans as derivatives that the problem started." That
may be the party line and CNBC talking heads explanation but it's not accurate.
That's just a cause of some stupid regulation that forced banks to originate loans
to people who they knew had no chance of paying them back. That's right, they were
forced to make these loans by regulations passed by the Federal government and
threats of fines by the Federal Reserve bank for non-compliance. Hmmm...what's a
poor bank to do? I have to loan this money to people who can't pay it back or suffer
the wrath of the Feds so I'll have to offset my risk of the defaults I know are
coming. The "Qaunts" on wall street figured out that it was legal to package these
loans into securities and sell them. What a wonderful idea says the banker. I can
make the loan and offset my risk to someone else. It's like insurance! Further,
the buyer who took on the risk could bundle the loans with others and sell them
to someone else if desired. "Hey this is great! Thanks Government regulators!!,
you just created a whole new way for us all to make money while spreading the
risk around." "This is easy money, government endorsed, and housing is booming."
said the bankers and wall street titans. Problem was, everyone assumed that the
defaults would be handled a little here and a little there. But what happens if
the defaults all come at once? We know the answer to that one.[/quote]

I would wager that you sir/madam, have no idea what a "Put" or a "Call" is, much less a CDS or CDO!