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Feb2
Bill Maher On Ending Abusive Relationships – With Your Bank
25 Commentsmoveyourmoney.info Author Bill Maher describes a new project developed by Arianna Huffington to end the abuse we’ve received from the big 6 banks.
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25 Responses to “Bill Maher On Ending Abusive Relationships – With Your Bank”
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lezlitaz February 2nd, 2010 at 8:30 pm
yeah…lets use the IMF, now thats a system we can count on to handle our carbon taxes
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pochombo February 2nd, 2010 at 8:30 pm
You are right. This is no socialist nor communist speech. I don’t get why some people would use that terminology for Bill Maher.
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arelente2 February 2nd, 2010 at 8:30 pm
thank goodness I started my savings with a local bank…
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tarfpir February 2nd, 2010 at 8:30 pm
Give it a break with the socialism talk. Seriously, I can’t believe how many people throw that word around as if:
1. it’s realistic
2. they even know what it is
3. it in any way compares to the corporate welfare we HAD that has now simply turned into ownership of the main cogs of government.
Socialism has nothing to do with any problems we have or will have. -
jimmysome February 2nd, 2010 at 8:30 pm
he dose like to hear himself tallk.
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DaveyH123 February 2nd, 2010 at 8:30 pm
Socialism? Are you serious? You sound like a bonafide cliché.
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tfreakvids February 2nd, 2010 at 8:30 pm
If we make the big banks fail, they will get ‘bought’ by the fed just like the auto makers. These are signs of socialism to come. Hopefully in the end, we will still have the freedom to choose where we bank or buy cars.
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Slounie February 2nd, 2010 at 8:30 pm
Thank you for this video. Please share with as many people as possible.
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Pharaoh1969 February 2nd, 2010 at 8:30 pm
WOW, Bill finally made cents…
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tonytone73 February 2nd, 2010 at 8:30 pm
@RawFoodKevin
The banks don’t grade bonds. Rating agencies do. Mortgages are also, not bonds. Different securities but I get you’re “point.”Mortgage brokers account for about 68% of home loans in the US. Not banks. So the fraudulence came from the mortgage brokers not the banks.
STANDARD practices would have rejected the applications of the loans. However the ammendment made by Clinton in 95 to the CRA forced banks to take on sub-prime borrowers so thye could expand business as usual.
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tonytone73 February 2nd, 2010 at 8:30 pm
@RawFoodKevin
Once again, you prove to know little about how the crisis has been handled. Citi bank is owned by the investors. But, the largest single shareholder of Citigroup is the US Government (aka the taxpayer).If little banks didn’t participate in the mortgage crisis then why have dozens across the nation collapsed due to the weight of toxic MBS’s on their balance sheet?
My facts are straight. Yours seem to be skewed.
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tonytone73 February 2nd, 2010 at 8:30 pm
@RawFoodKevin
“Legitimate risks, profits… means nothing to this argument. ” Actually it means a lot if you read how I related them.Banks are constantly gambling whether it’s on mortgages or on small business loans. Thats called banking and it requires risk assessment/management. This time around people fucked up. Like when a waiter brings you a cheeseburger when you wanted no cheese. It’s just a lot more devastating.
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tonytone73 February 2nd, 2010 at 8:30 pm
@RawFoodKevin
My comment was not irrelevant. You said they could not manage the money properly yet for mutliple crisis that toppled many economies around the world, the banks were actually able to manage fine. The Asian financial crisis lead to bank closures and even government bankruptcies yet American banks came out stronger than ever, thus, they proved they managed the money pretty well. Same goes with the rest of the crisis I mentioned including the tech crisis though that wasn’t as great. -
RawFoodKevin February 2nd, 2010 at 8:30 pm
They are not allowed to misrepresent junk mortgages as AAA bonds.
Plus, many of those junk mortgages are junk because many of them were approved under fraudulent circumstances.
Many of those borrowers were simply not qualified. Standard underwriting practices would have rejected many of those loans.
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RawFoodKevin February 2nd, 2010 at 8:30 pm
Better get your facts straight.
Citi is not owned by us. They are owned by their stockholders.
Little banks did not create nor participate in the mortgage crisis.
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RawFoodKevin February 2nd, 2010 at 8:30 pm
Legitimate risks, profits and corporate taxes means nothing to this argument.
They weren’t managing money, they were gambling and creating a scam by trying to sell fraudulent and junk mortgages as AAA bonds, then compounding their crimes by creating derivatives.
What the big banks did was indeed criminal.
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RawFoodKevin February 2nd, 2010 at 8:30 pm
Your comment is irrelevant. The tech crisis has nothing to do with the present crisis. This time it was the big banks that caused the crisis and it was the big banks that needed trillions of dollars to bail them out so they could stay in business.
Who doesn’t know very little about the depth of global finance? Why it’s you!
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RawFoodKevin February 2nd, 2010 at 8:30 pm
I am right, not because I have to be right, which is another lie on your part as the next sentence will prove, but because I am right, as ostifari confirmed.
Amusingly, you inadvertently admit that I am right when you accuse me of formulating my comment badly. Perhaps the problem arises from your lack of comprehension abilities.
Ironically, it appears that it is you who, “doesn’t really understand what anybody is saying
”I suggest you take you own advice and “mind yours.”
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xxxxxSnuffxxxxx February 2nd, 2010 at 8:30 pm
FAG!
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ric4022 February 2nd, 2010 at 8:30 pm
Look at his eyes moving left to right as he reads lol.
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tonytone73 February 2nd, 2010 at 8:30 pm
They manange it pretty well 99% of the time. Remember the last time that a huge banking crisis hit US banks? US banks managed your $ fine during the Tech crisis, Russian crisis, Asian crisis, Mexican crisis, scandinavin crisis. it was 20 years ago that we saw a failure in US crisis management. Usually the ones that failed during these crisis were smaller banks. So, once again you prove to know very little about the depth of global finance.
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tonytone73 February 2nd, 2010 at 8:30 pm
Well, you’re just wrong. Big Banks for years have mangaed our money quite well. That’s why our investment portfolios, savings accounts, etc. were all rising. But, they failed to see something that many other people failed to see. The whole concept of banking is to manage money and take risks. Whether its with people sea voyages, mortgages, or stocks. I guess years of profit and corporate taxes means nothing to you.
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myhideaway08 February 2nd, 2010 at 8:30 pm
right on Bill……
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tonytone73 February 2nd, 2010 at 8:30 pm
okay man… i dont know what pthompson has written cuz he deleted his posts, but you’re wrong on a few things… namely your whole idea that the littel banks didnt gamle and lose and are doing okay. community banks were failing at just about the same rate as the big ones. JPM, MS, and GS all wished not to be given TARP/TALF money yet they were… so, they paid it back. AIG isnt a bank. Citi is a bank and is now owned by us and will prove to be a profitable investment for Americans.
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JesusPaid4You February 2nd, 2010 at 8:30 pm
Jesus Christ is the Messiah- the ONLY WAY TO GOD!
We are all guilty of sin, and hell is the penalty! The good news is God loves us so much that He sent His Son Jesus Christ to die on a cross and shed His blood as the acceptable payment for our sins. Jesus arose from death, is alive and will come again. CALL ON JESUS and trust in HIM ALONE to take away your sins. You will be forgiven and receive eternal life by believing in the Lord Jesus Christ.
