Why didn't he jail the bankers in 2008? I think a large

Why?

The 08 crisis was about giving people stuff they didn't deserve that everyone knew they didn't deserve, this is what really causes economic crashes: trying to mix socialism, which never works, with capitalism, which actually does work for the right people.

Then again
>implying my recreational xray gun isn't totally used strictly for covertly improving my competitive odds through sterilising attractive or intelligent people
As I said, some people. If competition is just a game to you, you may play capitalism with me. If you're going to do something that deserves a death penalty, you need to fuck off back to your country or planet.

>>136882392
is that really a serious question? Look at his / hillary's top donors (they might as well be the same candidate, with hillary being even more brash/extreme due to her big pride/ego).

look how he is living post presidency too - now picking up multimillion speaking deals for said banks getting his bribe money on the backend.

This guy was never for the people, that's why. He just spoke well and blue smoke up everyones ass and the majority of late night show / SNL watching zombies ate it up .

AKA he wasn't a progressive. he was a radical. hence why he studied in saul alinsky/community organizing tactics.

>>136882392
Well for one thing, he didn't take office until 2009

>>136883662
>he wasn't a progressive, he was a radical

Bullshit. Obama was obviously a corporate lacky "centrist" like the rest of them. He was neither radical in rhetoric nor action.

>>136882392
Why didn't we jail him in 2017?

Ya cant jail your boss

>>136882392

for the same reason that nobody from king niggers administration will ever see a single charge pressed against them.

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>>136882392
>Obama was totally not a corporate shill!
Time to pop the cherry of another delusional libtard.

>>136882392
>Why didn't he jail the bankers in 2008?

Who do you think funded his campaign?

>>136882392
>big bankers go down after causing the crash
the democrats caused the crash.

fannie mae and freddie mac = democrat institutions.

>>136882849
>Socialism?

Nigger you fo' real?
They increased credit by relaxing regulation on finance to enslave more people to fuel consumption of capitalist goods and inflate asset prices and then the greedy bankers went and blackmailed the government by saying:

>Bail us out or else society will collapse

Obama wasn't POTUS until 2009. But, I know what you mean. Your stupid and can't keep dates in your head. Its ok.

>>136885031
Yes, they created value, or debt, and gave it to poor whites and black people first because they decided everyone should own a home.

>enslave more people
Why the victim narrative? How is that helpful for anything besides proving you're a weak beta?

Because the bakers turned around and gave a certain percentage of the money they received from TARP to the Democrat party. Yup! That happened.

Want the truth?

Because the government ordered the banks to give subprime mortgages.

A group of bankers realized this was basically state sanctioned fraud.

And a small group of bankers at AIG realized they could sell credit default swaps and get massive quarterly bonuses.

As they would produce credit default swaps this allowed them to sell massive amounts of "asset backed securities" to pension funds all over the world exchanging cash for worthless assets.

At some point to keep the train rolling they started to do no doc loans to continue the party.

When it all came crashing down.

The rating agency's who lied about the rating (((AAA))) didn't do nuffin

The (((collatoralizers))) didn't do nuffin.

And the small cadre at (((AIG))) didn't do nuffin.

Truth be told the fraud was organized and perpetrated by a select few, but basically everyone in the US from the buyer and seller to the agents to the lenders were all guilty of fraud.

But they weren't charged, just like the energy companies who committed massive fraud and theft in California during the Enron "energy crisis" never faced justice.

Sometimes things are just too big and too structural.

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>>136882392
>Why didn't he jail the bankers in 2008?

You right wing retards have completely erased George W. Bush from your brains haven't you?

>>136882392
The govt made them give loans to people who had shit credit and couldn't afford them (nigs) under the guise of fair housing. They couldn't arrest the people who they forced to do this work, of course the jews skimmed off the top, it's what they do.

It will all come undone soon:
>>136884311

He was a Chicago politician. He was as corrupt as the machine that spawned him. No surprise there. Frankly, the only surprising part is it turned out he fiddled kids, too.

>>136887077
Why can't both of them be criticized? Oh, it's because you are mentally ill and can't stand obama getting criticized.

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>>136887600
Obama wasn't president in 2008 you absolute fucking moron

Why would he jail the people who put him in office?

>>136888179
>he couldn't have laid down the hammer after he became president
Your mentally ill brain operates on a much lower level, I know you are incapable of rational though but try to keep up idiot.

Also
>my post
>having anything to do with trump
You ok there? Are you incapable of reading English and drawing logical conclusions? You seem to be attempting to correlate things which have nothing to do with each other nor with what I posted.

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>>136888366
He did lay down the hammer. He raised taxes on the rich and enacted the harshest Wall Street regulations since FDR. 2 things that Trump is undoing.

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DuckDuckGo it nufag. Read it in his own words.

>>136882392
>buy shit you can't afford
>j-jail the bankers!!!

That's not how it works.

>>136888485
raising taxes =/= jailing
Again, why are you deflecting about trump when we were talking about bush/obama? No president will actually lay the hammer down on those parasitic fucks(jail etc) Are you so mentally ill that you cannot stay on topic?

>>136888488
888888 coming up damn

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Obama Leaf wins again

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>>136888805
fug too early

>>136888862
1 more try

>>136882392
You do know Citibank handpicked Obama's cabinet, right?

>>136888669
I was mocking right wing retards for thinking Obama was president in 2008

>>136888896
2 late :(
>>136888888

>>136887237
https://www.creators.com/read/thomas-sowell/10/10/is-barney-frank We now know who was one of the most responsible for what would become the "Recession"

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>>136882392
His entire cabinet was a hand picked who's who of Wall Street. And everyone thought we were going to get Tyrone for secretary of gibs

>>136882849
>give out shit mortgages
Nothing wrong there

Pack shit mortgages and sell them a bond and bribing for AAA rating

That where they fucked up and should be jailed

>proceed to put the bond in another bond and sell that

>proceed to isolate yourself since you know it going to crash
> buy off all the outsiders, thank god your an insider

>>136884926
Don't be a cuck, anon. The fundamental problem was allowing (((investment banks))) to become so powerful and integral to the broader economy to begin with.

Why were retail banks even permitted to subdivide mortgage notes into "tranches" and then sell them to investment banks in the first place? That wasn't always even legal. But by the early 2000's, it was.

That goes far beyond "the Democrats." That's a structural issue with our entire modern neoliberal economic order.

>>136889438
You can't expect poor people to afford 10% interest when property prices are as they are. This is why they gave them <5% interest AAA loans.

It absolutely was about just giving poor people "free" homes. This actually was an attempt at capitalist socialism and of course it was dumb because socialism is dumb.

>>136889679
No it was about making money while causing a crash,and then making more during the crash.

>>136882392
Most of what was done was legal, but unethical.

>>136889822
But the justification was poor people, yet again they used socialism in the most greedy way possible because that's what socialism is, it's collectivist, identarian greed. It needs to die.

>>136889462
Yes, you always could. It's an OTC, you can make virtually anything into an OTC.

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>>136889345
why are you talking about trump?

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>>136888975
lol a fucking leaf with another get

he only raised a billion dollars in his campaigns. you can't jail bankers with that much.

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>>136884592
this.

>>136887077

They're both shit. Why didn't Obama jail and execute bankers (and GW for good measure)? Because he's a good little banker-cuck, who taxed them and redirected money to all the culture-destroying welfare programs banks love?

Before you deflect, Fuck Trump and Fuck republicans. We're talking about Obama though.

>>136882392
Because they gave millions of dollars to his liberal agencies. Not even a joke. It's well documented that the banks and bankers gave millions to the DOJ and Obama then had it sent to liberal and minority groups.

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>>136884592
If only I the power to choose who gets bailout and who gets broken up :(

>>136882392
Dumb question but what law did they break?

>>136882392
aig ceo went to jail i think. off the top of my head i want to say he went to jail. the rest technically didnt go bankrupt. even goldman sacks and bearsterns (i probably missspelled it) didnt go bankrupt in 2008 though you can say they did lie to every one about their profitability.

>>136884212

He actually had a lot of potential in 08. He ran on a populist, Trump-esque platform about trade and transforming Washington.

He literally became a Clinton neolib in office.

>>136889345

Trump's entire cabinet is Goldman Sachs, and they're working to undo all of the Obama era laws curtailing Wall St. speculation.

Why are they undoing them? Because it hurts their bottom line at the protection of the consumer.

>>136882392
cuz you being stupid and taking out sub prime loans because the government pushed banks too is your own fault

fucking idiots

>>136896511
this

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>>136882392
>believing Obama was in any way not a puppet of bankers

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pic related

>>136896463
This. I voted for him because he appeared to be a breath of fresh air compared to all of the other candidates (particularly Hillary).

>>136896511
eh government subsidized the sub prime mortgage loans, then sued banks for not lending money to minorities who did not deserve loans.... then everything failed. gee I wonder why.

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>>136896806
>fascist objecting to the merger of corporate and state power

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>>136897115
lol spotted the Goldman Sachs shill

go loop up derivatives, CDOs and MBS to start

>>136896806
This

>>136897416
btw the US didn't fix the 2008 crisis for shit, and is doing the same thing with student loans

But I'm sure ayncraps will blame the government for it.

>>136882392
Because he's one of them...

>>136897650
You mean those things heavily subsidized by the government hmm?

>>136882392
>Why didn't he jail the bankers in 2008?
Wall Street owns the GOP Congress, then and now.


>I think a large majority of the country, regardless of party, would have been down to see some big bankers go down after causing the crash
The people voted for the GOP, they get corporate-controlled legislation and government in exchange.

>>136897862
Everything was fine, until Glass Steagal got repealed. :^)

>reduce government regulations
>mono/oligopolies start to form
really activates the charcoal

>>136882392
1) mudslime
2) blackmailed the fuck out of
3) didn't give a fuck in the first place

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>>136898005
this

>>136882392

>nigger
>doing something

Your logic confuses me

>>136886657
>Because the government ordered the banks to give subprime mortgages.
False

Bush cut enforcement and supervision of subprime loans - that's when lenders began packaging bad loans with good ones. The GOP was responsible for the Financial Services Modernization Act and the The Commodities Futures Modernization Act

http://online.barrons.com/article/SB122246742997580395.html

The Republicans rammed through Congress the legislation that deregulated derivatives. This allowed Wall Street traders to freely engage in risky transactions like credit default swaps

>>>b>"Suddenly home mortgages along with corporate credit and other types of consumer credit are in question and loss rates, which were very low in 2005-06, are soaring. That spells big trouble for credit default swaps.
If just 10% of CDS underlying risks go bust, somewhere in the financial system there will be $5 trillion in losses."

http://moneymorning.com/2008/04/02/credit-default-swaps-a-50-trillion-problem/

http://moneymorning.com/2008/09/18/credit-default-swaps/

>>>b>"The [credit default swap] instruments played a large role in the financial crisis after the failure of Lehman Brothers, particularly with respect to the AIG bailout." Robert Johnson
www.house.gov/apps/list/hearing/...dem/rob_johnson_cds_testimony.pdf

http://www.newsweek.com/2008/09/26/the-monster-that-ate-wall-street.html

http://www.businessinsurance.com/article/20110127/NEWS/110129921

http://mba.yale.edu/news_events/pdf/financial%20conf-paper%2014.pdf

>>136882392
>why didn't obongo jail the (((people))) who bankrolled his political campaign

dunno, really makes you think though..

>>136898352
Into archive
>http://newsweek com/2008/09/26/the-monster-that-ate-wall-street.html
https://archive.is/9Acz6

>>136898376
https://www.youtube.com/watch?v=r3g91D8FUEE

>>136898536
you would starve without welfare and food stamps

>>136898536
>TYRoaches
>gommie flag

stop shilling your yt channel and go away

Big bankers = Jews
Government = Jews

It's an all-Jew club and we're not invited. Getting mad yet? You should be.

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outdated now obv

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>>136898759

>conservatives
>republicans
>tea party peepz
>at any point wanting bankers to be jailed

Trump has more than 9 Ex-Goldman Sachs executives. The Republican Party is the party of false voter interests dog.

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Obama had the house and senate
He gave bankers a pass and waited over two years to finally raise taxes on the wealthy after the middle class was decimated
Then he fucked the middle class again while he helped minorities and illegal immigrants

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>>136898938
Trump knows better than anyone how many shekels it takes to get a bill passed. Don't forget we're winning.

>>136898779
>384364_10150590192174966_(...).jpg
Tu quoque fallacy.
If it's not OK that Clinton and Obama Wall Street Jews, then it's not OK that did the same and so much worse.

>>136882392

Because he was a puppet just like most of his predecessors. I hated Obama but truthfully I would've had his back if he jailed the corrupt banking assholes that fucked this country over.

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>>136898938
>$75 a week

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>>136899298
>we're winning

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>>136899132
He was a little busy saving the American economy from a 2nd Great Republican Depression.

Why are right wing retards larping that they care about Wall Street when the only reason you retards are allowed to exist is because you serve Wall Street and the billionaire globalists

>>136882392
the bankers owned him

>>136899738
you can keep your maple communism. i'm not buying any of it.

>>136885031
you sound retarded