[quote=GovernmentSachs][quote=davelj]
Here are my questions:
(1) Why do you care about how OneWest deals with their (deadbeat) borrowers (as you have nothing to do with either)?
(2) Why do you care about how an agreement between OneWest and the FDIC is administered (as you have nothing to do with either)?
Frankly, I don’t care if OneWest makes $10 billion or not one red cent. And if ANYONE should care, it should be me, as I’m actually in the banking industry! After all, it’s banks that I either have an ownership stake in or consult with that will be paying for the net losses here. And I simply don’t care because life is too short.[/quote]
If the FDIC is involved, every taxpayer should care about what’s going on as it’s a government corporation which is backed up by the taxpayer.
If banksters could actually do their jobs without looting the taxpayers at every turn, people wouldn’t give a shit about them. Unfortunately, criminal banksters make it a habit to steal from the taxpayer at every opportunity.
The way I see it, banksters are experts at bankstering and Hitler was an expert at exterminating Jews. In both cases, it worked out best for society when outside parties got involved. The more heavy-handed the involvement, the better in my opinion.[/quote]
