The regulators, Yes men.
First Madoff gets to run a 50 BILLION SCAM.
And now the Federal Reserve turns into YES MEN.
The tax payers thru their Represenatives
authorize $800 Billion USD to buy up
bad sub prime papper.
Bad paper knowingly loaned by the Banks.
And the Federal Reserve DOES NOT
buy up the the bad paper, but just
give $400 Billion to the criminal Banks.
Bank of America did their "due diligance "
And the pigs are back for MORE.
$20 Billion more.
If they made a mistake
they can eat it.
Merril Lynch never gave me money
when I made an Investment error.
Why am I giving money to BANK
of America when they make an Investment error.
What is the head of the Federal Reserve Thinking,
What did the lobbyest tell him.
Why is he listening to the to the Lobbyest?
The Bank Corps write billions of bad/default
sub-prime paper and sell it to the market
and Fannie and Freddy.
Then they get $800 Billion gift and
a kicker $2 trillion from the Feds without
And one is back for $20 Billion more.
The same criminal Banks charging usury
rates in 47 states.
And allow the terrorist to steal American ID.
The same Banks that give credit cards
to those they know will default.
And turn $800 charges into $2,300
with late charges and fees.
Which they then sell to collection agencys.
Because of the changes in Bankruptcy laws
which the Banks drafted,
Allow the collection agencys to charge interest
untill the victim dies then collect $15,000
from the victims estate from 15 yrs of interest.
All from loaning $800 to someone they knew
The Feds are willing to give these guys $20 Billion
more because they had the balls to ask for it,
Series 7 & 13
The Fed was given a charter to buy up this toxic sub prime paper.
The loans that poisoned the money markets.
And they bought NONE.
They gave the money to the Banks.
This bad sub-prime paper is an cancer
infectiing the markets, it has been covered up
with the gifts to the Banks.
The sub-prime paper is still festering.
Spreading infection, waiting to break out.
Mark this toxic mess to market,
the market will fix it.
And its going to HURT.
The longer they wait the more its going HURT.
Obama is being handed a time bomb.
tICK TICK TICK
Labels: The RAPE continues