Wall St Banks hold economy hostage.

Whats wrong with the Economy?

Ford and the Automotive section are doing well.

But Jobs and Housing are not so good.

Wall St Banks are making record profits.

Credit Cards 30%, pay day loans 460%,

Bank loan sharking bringing in huge

profits.

Flash crash and programed trading

and speed trading plus the Dark 

pools also are yielding huge profits.

Why the Wall St Banks are doing so

well they paid out Billions on bonuses.

( even while accepting bailouts from

the Tax payers. )

And now the Banks are in for another

wind fall collecting, er Foreclosing

on millions of American homes

after defrauding them with sub-prime

loans they knew they couldn't repay.

Even those that could repay they scammed

offering lower payment trials, then demanding

huge balloons after the fact.

But the snag in the economy seems to

be the BANKS are not lending.

The Wall St Banks continue their strangle

hold on the American Economy.

They almost brought down the World

Banking system with the Credit 

subprime debacle.

And the Treasury thru the Federal Reserve

bailed them out twice.

The first loan was $2 trillion dollars.

The second bail out was secret,

your home town banks got Millions,

very quietly, to the Tune of the amount

of subprime paper they were holding.

Hoping that the banks would feel

secure enough with a reimbursement 

of the subprime paper value to

start making loans.

But it didn't happen.

The Banks are allowed to 

defraud the public by listing

the subprime paper at 100%

value. 

And this is in part the problem.

Banks don't trust each other.

All the banks have fake, falsified

balance sheets, and they all know

it. 

They are all afraid the other is 

going to crash and bring them down.

So no one is making loans.

Secondly and even more insidious

is as long as the Banks are not making

loans they have the upper hand.

The Wall St banks have some how 

convinced the Government the banks

can't afford to make loans.

Even with the biggest profits in history.

The Wall St Banks just spent $251 million

lobbying congress, the automotive industry

spent $5 million, who are they buying?

They even have the Republicans backing

the Bank Billionaires tax breaks for $700 billion

dollars, while trying to defeat health care for

all Americans, coincidentally $700 billion

over 10 yrs.

But the GOP are not heartless 

Greedy Senile Old Bastards.

The Wall St bankers are willing to let

a few thousand poor die for a $700 billion

tax break for them selves.

The problem with the Economy are

the Wall St Banks.

Force the banks back to Banking,

and with that as their only source

of income they WILL make loans

the Grease for the American Economy.

8% or 12% banking loans are just

a waste of banking man power

when  they can make 30% on credit

cards and 460% on pay day loans

and billions on speed trading and

flash crashes, and Trillions

on sub-prime fraud.

And no one goes to prison for

Loan Sharking, congress just approves it.

Made loan sharking legal for Wall St 

Banks.

Wall St Bank Robber Barrons

The regulators are NOT governing the 

Wall St Banks, the Wall St Banks are 

holding the American Economy

HOSTAGE.

And DHS or the FBI can't do a damn

thing.

Gerald

Anthropologist

Series 7 & 3

.Gerald NYSE trading Floor,