Tag Archives: Countrywide

Just Put Your Lips Together and Blow

From THINK PROGRESS ECONOMY:

A new Stop Snitchin campaign to deter would-be informants, in this case against people speaking up against crimes on Wall Street, is quietly taking shape, this time far from the media’s eye.

Financial experts and academics agree that strong whistleblower regulations could have prevented the Bernie Madoff Ponzi scheme and indeed much of the financial crisis if employees at firms engaged in fraudulent activity had spoken up early or had reported complex crimes to the appropriate authorities. Employees at firms at the center for the financial crisis, including troubled lender Countrywide, have cited intimidation and other illicit tactics as the reason few people spoke up as whistleblowers. Since the old whistleblower laws provided for weak legal protections for informants and relatively rare rewards, the Dodd-Frank financial reform law passed last year revamped the system with new rights for informants blowing the whistle on financial crimes.

Bank lobbyists and Fox News, however, have made such protections enemy number one.

Original movie poster

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Filed under Barack Obama, Congress, Fox News, humor, movies, parody, politics, Republicans, snark, Wordpress Political Blogs

Who should go to jail? Fill in the Blank(fein).

(Reuters) – Goldman Sachs Group Inc was charged with fraud by the U.S. Securities and Exchange Commission over its marketing of a subprime mortgage product, igniting a battle between Wall Street’s most powerful bank and the nation’s top securities regulator.


Original theatrical poster
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Filed under Barack Obama, Bill Clinton, Carl Levin, Congress, Democrats, humor, Justice Department, parody, politics, Senate, snark, Wordpress Political Blogs

Maybe he’ll win one of those giant Publishers Clearinghouse checks

It seems like the foreclosure nightmare has trickled up to the rich and famous! Never one to not exploit someone else’s misfortune, the cadaverous Larry King interviewed Ed McMahon and his golddigger wife Pamela in the wake of the imminent foreclosure on their mansion.


Original DVD cover.
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Filed under 2008 election, Ben Bernanke, California, Chimpy, Christopher Dodd, Florida, George W. Bush, humor, movies, parody, politics, Republicans, Senate Banking Committee, snark, Wordpress Political Blogs