Jon Stewart blasts ex-AIG chief: ‘Go f*** yourself’ for crying over $184 billion bailout

Ain’t that the truth?!

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Daily Show host Jon Stewart shredded former AIG head Hank Greenberg for arguing that the federal government stiffed his company with a $184 billion bailout package six years ago, saying his company did a lot better than the average person did asking for a loan from AIG.

“Hello, Mr. Greenberg,” Stewart said, impersonating a loan officer. “You’ve asked us for $184.6 billion for 90 percent of your company, which is only worth $15 billion … go f*ck yourself.”

Stewart pointed out that, while the U.S. paid more than 1,000 percent of AIG’s market value at the time of the bailout, Greenberg filed a lawsuit painting himself as a victim of government extortion.

Read on.

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Moyers and Company: Too Big to Jail?

Black’s comments give a whole new meaning to Rat Pack.

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Attorney General Eric Holder’s resignation last week reminds us of an infuriating fact: No banking executives have been criminally prosecuted for their role in causing the biggest financial disaster since the Great Depression.

“I blame Holder. I blame Timothy Geithner,” veteran bank regulator William K. Black tells Bill this week. “But they are fulfilling administration policies. The problem definitely comes from the top. And remember, Obama wouldn’t have been president but for the financial contribution of bankers.”

And the rub? While large banks have been penalized for their role in the housing meltdown, the costs of those fines will be largely borne by shareholders and taxpayers as the banks write off the fines as the cost of doing business. And by and large these top executives got to keep their massive bonuses and compensation, despite the fallout.

But the story gets even more infuriating, the more Black lays bare the…

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Policy Changes aka eNotes are Here! New Paragraph 11 in Promissory Notes.

monopoly_electronic_banking_editionWe’ve discussed UETA and eSign and the significance of explicit consent…in most cases pre-2008…there isn’t any. Here is a Indiana case that is riveting: Good v. Wells Fargo. Read it HERE.

In this case, Bryan Good stated that in this 2008 transaction there were apparently 2 notes. Wells Fargo asserts that Good signed an eNote with a new (policy change) paragraph 11 – and that is still not enough.

Yes – go get your promissory notes and look for paragraph 11. You probably won’t see it if your note pre-dates 2008. Continue reading

Valerie Lopez, explains how to catch your home mortgage lender in Fraud

This is well worth watching. Especially if you live in California – aka “the graveyard for homeowners in foreclosure.”