The banks continue as a criminal enterprise.
Are the banks remorseful?
Are they sorry for almost bring down world wide banking?
Have they seen the error of their ways?
Regret their blind ignorant Greed?
NO ,no , no and NO.
Time to name names.
They ran the biggest stock market scam in history
and are still getting away with it.
Why did they do it?
They made loans to people they knew wouldn't
be able to make payments.
The sub-prime paper, is a "C" or "D" credit grade paper.
Repackaged the sub-prime paper in tranches,
Got Moodys to regrade the "D" credit grade paper
as AAA grade bonds.
And hedge funds used this in diratives, and sold
paper they bought at "D" grade prices and resold
as AAA grade paper.
The hedge funds are unregulated.
One of these hedge fund managers was being
questioned by Congress, and admitted to a income
of over 5 Billion USD a YEAR.
And was only paying 15% tax rate.
YOU and I pay around 28% tax rate.
And the hedge fund manager wanted to know
why he was being picked on by Congress,
why HIM, as he was only the 53 highest paid
Hedge fund manager.
He was making $1 one million, 300 thousand
And he is only # 53.
The Banks were packaging this garabage
taking a big cut of the top and selling
it as AAA grade paper, transferring the risk to
the unknowing buyers.
The world wide buyers were trusting in the
American credit grading companies reputation
to provide true and real credit analysis and
grading of this toxic paper.
When these toxic paper went bad, people quit paying
monthly, the sub-prime paper effectively became
stripped Zero coupon bonds, and the values functioned
Now the criminals that put this together, were just
shoveling this toxic paper into the banks as fast as possible.
Huge profits and pushing it out the back door to unsuspecting
investors, the banks got caught with huge inventories of this
crap, and are now carring it at 100% of face value instead of
the more probble 30% of actual value.
Now keep in mind there is no central leadership for these
USA gave them $3 TRILLION DOLLARS to bail them out
of their criminal mess.
And the Banks are fighting to keep these criminals and
paid them $120 billion dollars in bonuses from the bail out
The Banks are afraid of loosing these criminals, and are fighting
tooth and nail to keep them and pay them huge bonuses for
Currently the banks can barrow unlimited funds from the Federal
Reserve Corporation at about 1/2 a percent loan.
While the banks charge 30% on credit cards and 460% interest
on payday loans, They are loansharking on Federal Reserve
Corp. loans of .5 % interest rates.
The banks have bought Congress and done away with banking
regulation, making their criminal loansharking legal,
and on the back end blocked share holders from regulating
pay and bonuses for the Banking Criminals.
I'm calling for a minimum interest rate for the loans the Taxpayers
were forced to give the banks of 30%, in reconigition of the risks
involved in dealing with criminals.
And a rate of 460% on monies paid for payday loans to these criminals
and on their bonuses.
The people of USA have lost control of congress, the banks
and their lobbyist control congress, and I'm hoping USA's
creditors can help reign in Congress and the Banks,
China and Russia I'm calling on you to pressure congress to
regulate these criminal banks.
The US Supreme Court stepped on its own D**k ruling
these corporations have first amendment rights.
Corps have no soul to condemn, no body to punish.
And these Banking Corps represent a bigger theat
to the USA than the Terrorist do.
Nothing has changed on the regulation front
their loansharking continues, and the Criminals responsible
The Greed is so monumental they were willing to
risk bringing down the worlds banking system for
criminal profits, engaging in fraud on a massive scale.
And they continue employing the same criminals
one of the banks just paid their CEO a 5000%
bonus, Five Thousand % bonus.
Currently the banking mafia is untouchable
due to deregulation, they have bought congressmen
and made crimes legal, 460% vig on loans.
And they are getting the Federal Government to
buy up the bad toxic sub-prime they hold
at 100 % face, when actual value is only 30%
on the dollar.
This period of history will go down as the Biggest
Banking fraud era ever.
Series 7 and 3.
Labels: US Banks Remorseful