General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCan't people on DU find forgiveness in their hearts?
I'm continually amazed by the callousness I find on DU.
Our President wants to put the robo-signing mess behind us. Why is that so controversial? Have we become so hardened that we cannot find a little forgiveness in our hearts?
Sure, these good folks committed perjury that wrecked many thousands of lives - but not once did they commit perjury about their own personal sex lives. And they sure as hell didn't smoke pot. Given these facts, I believe that they are not a danger to society. And I hope that you'll join me in cheering the end of the private Hells that these bankers have been living in.
Tomorrow is a new day. Let's forgive and forget.
FreakinDJ
(17,644 posts)MannyGoldstein
(34,589 posts)The other day I tried to collect money from the homeless for a charity to help the bankers - did you know that some bankers only have three homes? In any case, the homeless people wouldn't contribute. One actually yelled bad words at me.
think
(11,641 posts)russspeakeasy
(6,539 posts)Zorra
(27,670 posts)The filthy hydrofracking mofo fascist zombie cabin boy?
You got away, huh? That's too bad.
(BTW, I'm not homeless, I'm an Occupier, and no, I don't have Tourette's)
Earth_First
(14,910 posts)Let's just have full out amnesty day, right after I get done robbing a bank, then we'll talk...
ProSense
(116,464 posts)<...>
Tomorrow is a new day. Let's forgive and forget.
...if this turns out like the Social Security announcement in the last SOTU?
What if we're surprised? Remember the CFPB:
http://www.democraticunderground.com/1002163578
riderinthestorm
(23,272 posts)truedelphi
(32,324 posts)There's a lot I don't know.
Like I never thought I'd see the day when Manny Goldstein had so much forgiveness in his heart!
MannyGoldstein
(34,589 posts)Of course, and as you know, last year's SOTU was where Obama debuted his cute "cut vs. slash" nonsense:
Briefing room word games: What's a 'slash' versus a 'cut' in Social Security?
ProSense
(116,464 posts)you're still waiting for the cuts?
MannyGoldstein
(34,589 posts)I think that you're better than that.
ProSense
(116,464 posts)think invoking speculation in response to the fact that no cuts were announced in the SOTU or the fact that no cuts materialized is funny.
I'm laughing.
MannyGoldstein
(34,589 posts)using his "cut vs. slash" word games that the press finally caught up with:
Briefing room word games: What's a 'slash' versus a 'cut' in Social Security?
And he lied about Social Security needing to be "strengthened", another cute game by Obama, Pete Peterson, and that crowd. At least he didn't yet again repeat the lie that FDR didn't start Social Security for retirees.
ProSense
(116,464 posts)Familiar with this:
Strengthen Social Security Campaign
http://strengthensocialsecurity.org/media/blog/2011/sanders%E2%80%99-bill-s-1558-guarantees-social-security-for-75-years
MannyGoldstein
(34,589 posts)Given that "strengthen" is often used by Obama, Simpson, and that crowd as a code word for slashing benefits.
ProSense
(116,464 posts)MannyGoldstein
(34,589 posts)It's your little way of saying that you've been checkmated.
ProSense
(116,464 posts)"An unfortunate choice of words"
Still, keep me posted on the past speculation and if you come across any cuts.
progressoid
(49,987 posts)It's better than a link to a Ron Paul post.
ProSense
(116,464 posts)"Well, It's better than a link to a Ron Paul post."
...a another "better" link:
Political Push Moves a Deal on Mortgages Inches Closer
http://www.democraticunderground.com/1002211735
Looks like this analogy (http://www.democraticunderground.com/1002210784#post4) is accurate.
Luminous Animal
(27,310 posts)Lionessa
(3,894 posts)DeathToTheOil
(1,124 posts)Or however you spell those things.
MannyGoldstein
(34,589 posts)Thank you. I think.
DeathToTheOil
(1,124 posts)For not using the icon. When you label it, you neuter it.
Nuclear Unicorn
(19,497 posts)backscatter712
(26,355 posts)provis99
(13,062 posts)sometimes, there are lunkheads on DU who don't get sarcasm unless it has the big irritating sarcasm smilie all over it.
gateley
(62,683 posts)I vehemently disagree with Manny and sometimes I want to wring his neck, but I like him. He's persistent and believes what he's saying. Over and over. Never gives up. He makes me smile -- I can't help it.
AnotherMcIntosh
(11,064 posts)Let's see, where did I put my Voltaire?
Vanje
(9,766 posts)joshcryer
(62,270 posts)...of employees involved in the robosigning debacle just for following orders.
Though we shouldn't give the banks blanket immunity, we should make exceptions for the bosses who ordered the peons to do it, and places where it was systematic and where you can show evidence that the individuals involved knew it was wrong.
So, while your derisive sarcasm seems at least somewhat amusing, in reality it reflects a truly non-progressive value system, where hundreds of thousands of people are fined, penalized, or even criminalized for following orders, in many cases, probably ignorantly.
MannyGoldstein
(34,589 posts)Please be specific.
Thanks.
joshcryer
(62,270 posts)It was just pointless derision, imo, and I was trying to interject a bit of substance into the derisive sarcastic commentary, since it's doubtful anyone else will.
MannyGoldstein
(34,589 posts)Did I propose said value system via telepathy?
joshcryer
(62,270 posts)I said your derisive sarcasm "reflects a truly non-progressive value system." You may, in fact, not actually believe the sarcastic undertones which manifest themselves in your post. Perhaps you could clarify what you mean by "find forgiveness in their hearts"?
MannyGoldstein
(34,589 posts)For the record, here's what I believe:
1. Any attorney who robosigned, or ordered robosigning, should go to jail. They knowingly committed perjury.
2. The "Nuremberg rules" should be applied to anyone further down the food chain who robosigned: following orders should not mitigate conviction, but it can mitigate punishment.
3. Any company in which robosigning occurred should be fined.
joshcryer
(62,270 posts)Now that that's out of the way, you think we should fine and / or prosecute tens if not hundreds of thousands of people.
And people wonder why such inanities are taken seriously.
Full disclosure here, I am 100% against blanket immunity, as I believe higher tier individuals do not deserve immunity. But the low level mom and pop brokers most certainly deserve immunity, as they likely acted ignorantly if not coerced in a time when jobs were at risk. I don't buy the "Nuremberg rules" here because I partook in mortgage law in the past, it is some of the most convoluted stuff out there. I think people were just incapable of following the rules properly and ultimately pressured to do them.
MannyGoldstein
(34,589 posts)What am I missing here?
joshcryer
(62,270 posts)...meant that many of the employees who signed these things were doing so ignorantly of the laws in states (which require the foreclosing agency to actually hold title, which MERS most certainly did not do). Other states, however, it's perfectly legal.
We need to grant immunity to all the peons, and then fix the system by going after the higher ups who intentionally exploited these loopholes. Meanwhile we need to standardize the mortgage system so that this sort of thing isn't possible in the future. Like the Uniform Commercial Code which covers pretty much all commercial business practices in a huge chunk of states. We need a Uniform Real Estate Code.
MannyGoldstein
(34,589 posts)Is this not the case?
joshcryer
(62,270 posts)...by making it so that all electronically filed mortgages handled by MERS were legitimate across interstate borders.
Obama denied them that, fortunately.
MERS is maintaining that what they did was legal, and playing the game of "it's the banks' fault." Well, yeah, it is, they should know better. But the tens of thousands if not hundreds of thousands of peons who played along probably didn't.
Matariki
(18,775 posts)That's a new one.
tpsbmam
(3,927 posts)Not me! The executives who ordered the robosigning, approved it or condoned it within those companies would be at the top of my prosecution list! Though I'm with you -- the people who are doing the robosigning knew they were doing a bad thing when they did it, yet they went for the easy buck and went along, knowingly being a part of the illegal and evil system. That's based on the things that robosigners have said after-the-fact.
Chan790
(20,176 posts)we were told daily and unapologetically that we alone were legally and morally responsible for our conduct, even if following a direct order and that if we had any concern or qualms about an order to call "Compliance" at XXX-XXX-xxxx. Failing to do so, we were accepting civil and criminal responsibility for our actions. Note that "Compliance" is transparent to regulators.
Note that I am no longer a banker. I'm also fully in support of " penalizing) the 100s of thousands of employees involved in the robosigning debacle just for following orders." Nobody reaches those levels in the bank or is allowed to do that job without the licenses, training and certifications to know what they should and should not be doing or signing.
I was only following orders has never been an acceptable defense in anything.
joshcryer
(62,270 posts)They have a defense on that alone. Each state has its own individual laws. MERS made it so that those peons were signing stuff that was legal in one state while illegal in another. It's likely that some people signed off on some things that were both illegal and legal in a single days time. It is highly wrong to blame those people for something that the bankers and their lawyers knew ahead of time was wrong. You spend 8 hours a day robosigning foreclosure notices, a chunk of them are legal, another chunk is illegal, and you're incapable of knowing which because you need to know the laws in all 50 states. No mortgage broker or proxy would know all of those laws. Each one has a credible defense against such things.
It is not progressive to go after those people after having been caught in a banker trap of illegalities. This is not a defense at the banker level as I have already expressed that they don't deserve those exceptions (they should have known better).
Let's just hope that while you were a banker you never used MERS because it's damn likely that at some point in time you were using it against the laws of a given state, and extradition can happen.
LooseWilly
(4,477 posts)"Nobody reaches those levels in the bank or is allowed to do that job without the licenses, training and certifications to know what they should and should not be doing or signing. "
That doesn't sound like any of the definitions of "peon", either literal or metaphorical, that I've ever heard.
If the robosigners were all required to be licensed, trained & certified... then there is a legal expectation that they know what the fuck they're doing. If they decide, under duress or just for the sake of convenience, to circumvent the legal (not to mention ethical) expectations of their training and certification... then they ought to be held responsible.
If they ARE held responsible... then no trained & certified professionals will be inclined to side-step all of the ethical considerations of their training and certification process. If NOT, then they, like the Wall St. types, will be inclined to ignore ethical constraints that are "just for show" and paperwork.
It's kind of the same thing as the holding responsible of those who ordered torture... those who performed it (like those who enforced the evictions robo-signed) can be considered "peon"s in the sense that they're enforcing the rules in the "fields"/streets... but those who signed into effect those orders have to take responsibility, as certified competent signers-into-effect, for what they signed.
Let the banks train monkeys or guinea pigs to sign the signing statements if they're worried about what a signer might say under duress from the DOJ ("Row. Row. Row." , or if they want to be able to claim that no one is ultimately responsible for statements being signed...
joshcryer
(62,270 posts)States don't require you to know every other states laws to be able to be licensed in said state. There is absolutely no legal expectation that they know what they're doing in other states.
This is not clear cut like torture, states real estate law differs from state to state, there's no general idea of what real estate law means, particularly when it regards paperwork signed by proxy. Some states allow it, other states require deeds to be on record, etc. MERS has won several lawsuits in states where their behavior is allowed, and every robosigner responsible for it has got off scott free (and arguably did nothing illegal in that state).
You're advocating allowing some states with laws against some behavior, trump those states with laws for some behavior, which itself is highly non-progressive. At the bare minimum the people in charge are responsible for knowing whether or not a given state allows said behavior, and if those people in charge tell the peons to behave a certain way that goes against a state law, those people in charge need to be charged with crimes, not those who followed what they believe were normal.
Again, this is not like torture, torture has clearly defined lines. This is about workers doing something illegal in one state that is legal in another. You cannot expect me to believe those workers are "responsible" when their bosses likely knew the end results and compelled the workers to behave that way. It's bullshit, non-progressive, and puts the onus on the workers and not the managers with regards to legality. That's just totally wrong. These people did nothing inherently wrong except do what they were told so they could keep their jobs!
Bluenorthwest
(45,319 posts)it is too late to start speaking of definitions. Words MEAN things. Peon fits the folks who are now without homes or owing huge amounts.
Peon: person held in compulsory servitude to a master for the working out of an indebtedness
http://www.merriam-webster.com/dictionary/peon
An extremely editorial and incorrect choice of word. Ironic actually.
Peon: : a member of the landless laboring class.
MFrohike
(1,980 posts)No state allows for the filing of false or forged documents in court. Try again.
L0oniX
(31,493 posts)L0oniX
(31,493 posts)If you drive the get away car you are not guilty of what ever the others did. "I was just driving a car" ...and since when is ignorance an acceptable excuse in a court of law? I suppose all the US bomb makers are also not guilty of killing the innocent.
truedelphi
(32,324 posts)It would be the Big Shots That Went Down.
Not the person making $ 500 a week, the people who hired that person.
Yet another reason to vote Democratic - who in the world would want us to be number 30th in terms of Social Justice?
Tierra_y_Libertad
(50,414 posts)And, they will, with sadness, give up the jail time they so richly deserved.
Then they'll laugh their asses off.
MannyGoldstein
(34,589 posts)But remember: some bankers will laugh so hard that they'll piss themselves. This will further add to their discomfort and humiliation.
This is reality, not a game. Real bankers are really hurting.
truedelphi
(32,324 posts)I truly am amazed at the forgiveness angle.
But enjoying it all none the less.
Did it come to you through Course of Miracles? If so, I'll gladly start going to that course. i just want the anger inside me to end.
nadinbrzezinski
(154,021 posts)bhikkhu
(10,715 posts)I think its a rather good fit to the technical issues and carelessness of the robo-signing issue, and it should go to very good use.
TheKentuckian
(25,023 posts)eomer
(3,845 posts)Fining the corporations will allow the individual banksters to avoid punishment. Instead of coming out of their scandalous bonuses, the fines will one way or another be passed on to us. We just fined ourselves $25 billion. Yay!
These guys need to be prosecuted personally and have civil suits against them personally to wrest away their ill gotten gains.
rucky
(35,211 posts)is the "cost of doing business"
unapatriciated
(5,390 posts)They factor in the cost if they should get caught breaking the law. It's always a win for them.
Insurance Companies have been doing this for decades.
This shows intent and it is time we actually prosecuted them since 'corporations are people too'.
L0oniX
(31,493 posts)_ed_
(1,734 posts)Not to even mention TARP.
bhikkhu
(10,715 posts)and all of which was paid back, if we are talking about the banking sector.
25 billion compares well if you look at the actual values of the banks themselves - http://www.relbanks.com/top-us-banks/market-cap . You could get close to a controlling share of Goldman for that.
truedelphi
(32,324 posts)Remember how in reading her jail time sentence to her, her judge said that there had to be consequences for dishonest behavior regarding the stock market?
That judge made it sound like Martha had brought down the American economy.
Now w we have Bankers who DID bring down the American economy, and they will never see the inside of a jail cell. At least not as long as Corporate-enabling politicians are addicted to campaign monies.
russspeakeasy
(6,539 posts)bhikkhu
(10,715 posts)with plenty left over. http://www.relbanks.com/top-us-banks/market-cap
The largest bank. for instance, is worth $161 billion. Goldman Sachs is at $53 billion - that's the total value of their shares on the stock market.
I wonder if some of the problem people have with this is how quickly the sense of scale is lost when getting up into numbers that high, or whether the banks are mixed in with investment firms and hedge funds in people's understanding. They are quite separate, and the values given at the link are the actual market values of the complete companies.
russspeakeasy
(6,539 posts)EFerrari
(163,986 posts)These kids today.
gateley
(62,683 posts)EFerrari
(163,986 posts)to expiate sin.
NuttyFluffers
(6,811 posts)*tee hee hee*
kickysnana
(3,908 posts)their sentence is done and they have truly repented ruining peoples lives for greed and promise not to do it again.
I am a bleeding heart liberal, not bleeding heart stupid.
TheKentuckian
(25,023 posts)thousands in fines but if a rich man steals many billions or even trillions the idea is at most a fine that is a tiny percentage of the take.
There would be mobs marching in the streets with pitches and pitchforks if the average guy that stole a TV from Walmart was settling out for say a hundred bucks.
Folks were getting the vapors at the mention of withholding bonuses for the fatcats and even supposed progressives would hit the fainting couches if any talk of clawbacks came up.
lonestarnot
(77,097 posts)xchrom
(108,903 posts)Autumn
(45,058 posts)Brickbat
(19,339 posts)zipplewrath
(16,646 posts)Sounds like you get it. Shouldn't we be looking forward, not backward? Well, unless your backward is to a $300K mortgage that you owe on a $150K house. THAT is forever.
guitar man
(15,996 posts)You can sure tell who just reads the subject line as opposed to the whole post
Swede
(33,234 posts)PA Democrat
(13,225 posts)Except former Bear Stearns CEO James Cayne. He smokes pot. No Valentine for him!
L0oniX
(31,493 posts)Kablooie
(18,628 posts)progressoid
(49,987 posts)Also, penalizing these job creators just out of spite will just hurt us all in the end.
If we hurt them, we'll break the flow of the trickle down.
The Wizard
(12,542 posts)Shoot them all.
Zorra
(27,670 posts)We are Anonymous. We are Legion. We do not forgive. We do not forget.
Expect us.
∀∞☮ccupy
mistertrickster
(7,062 posts)jimlup
(7,968 posts)As soon as these robo banks forget about my debt of which they jacked up the interest rate to try and bankrupt me. NO F'ing way. To not prosecute these greed mongers is to say that there are two standards in our society. One for the bankers and elites and another much harsher one for everybody else.
Better Believe It
(18,630 posts)I'm just an old softy for banksters .... and corporate tycoons, and vulture capitalists, snake oil salesmen and flim flam artists.
Funny post. Thanks.
Skittles
(153,150 posts)LOVE YA!!!