Tag: Too Big To Fail
County Clerks, Citizen Volunteers Are Researching Deeds And Uncovering Thousands of Bogus Foreclosures Nationwide
Visit msnbc.com for breaking news, world news, and news about the economy
MSNBC reports from Greensboro, N.C., on volunteers who are training to research deeds and, with the cooperation of county clerks, are uncovering bank fraud in the mortgage crisis. Efforts like this are underway nationwide.
Romney Praises Bailing out ‘Too Big to Fail’ Banks, Credits Bush with Saving U.S Economy
The teavangelical base of the Republican Party are going to love this latest assertion from their party’s putative nominee:
Mitt Romney offered an unprompted defense of the 2008 Wall Street bailout on Wednesday, crediting President George W. Bush and the preceding administration for averting an economic depression.
Answering a question during a campaign event in Maryland, Romney both condemned the 2009 bailout of troubled automakers engineered by President Obama while praising the Troubled Asset Relief Program authorized in fall of 2008 to prop up the financial services industry.
“There was a fear that the whole economic system of America would collapse — that all of our banks, or virtually all, would go out of business,” Romney said. “In that circumstance, President Bush and Hank Paulson said we’ve got to do something to show we’re not going to let the whole system go out of business. I think they were right. I know some people disagree with me. I think they were right to do that.”
GOP’s Huntsman Takes a Hard Left – Aligns with Liberals In Targeting ‘Too Big To Fail’ Banks
The effect of the #Occupy protest movement reverberated in the GOP presidential primary, of all places, yesterday when former Utah Gov. Jon Huntsman took an ideological hard left — staking out a position to the left of Pres. Obama — by coming out against “too big to fail” banks: