Econ 101

More AIG Controversy: Maiden Lane III

Can anyone spell RICO indictment??? This entire meltdown in September 2008 was a criminal enterprize to defraud the American Taxpayer for generations perpetrated by the Bush administration and the big banks, esp GS.

The real fraud occured much earlier when the CDOs were misclassifed as not being insurance. If AIG had been required to maintain reserves as tho they were insurance then it could never have entered into the mountain of risk and the banks wouldnt have either.

AIG Needs Dissolving

Someone said it better:

www.rollingstone.com/p...

AIG Needs Dissolving

This reminds me of a scene from the Wizard of Oz. Where the guy says "Dont pay any attention to the man behind the curtain."

AIG should have been broken up a year ago. It is a front organization ( at least the part that insured GS) for fleecing the US taxpayers and, along with others on Wall Street, prime candidates for indictment under the RICO statutes.

User 43089 you are soooo right!

Today May Be Markets' Turning Point

ALBERTAROCKS-
You are right on the money. The small guy is just a sheep to be shorn by the bankers. We have to keep ahead of the sheers or we will all be naked. No one ever went broke taking profits.

Obama's Financial Reforms: Who Stands to Lose

Anything the Federal Government does to protect the American consumer/taxpayer ... will result in the American consumer/taxpayer getting its pants pulled down and r*aped. These "protection" rules will be bent into pretzels to further enhance profit for banks and political campaign contributers. Those Banks have been after S&Ls for ever. The "Crisis" in the 80s was the first real success banks had in hurting S&Ls, this legislation may be the death knell of S&Ls.

"Protection" is a racket by politicians to shake down the American consumer/taxpayer and filter tax money thru banks and wall street into the pockets of politicians disguised as campaign contributions. These people arre thieves, stealing from you now and your grandchildren later.

George Soros and his ilk run this country, it is just that the corrupt and incompetent MSM dont print it. They dont have the cajones!

Just like the SCOTUS doesnt have the cajones to ask for BHOs birth certificate.

A Roadmap to Turn Around Problem Banks

First, Derivates like CDOs should be properly classified as insurance and regulated. The laws are there to enforce the rules, but politicians are paid off not to enforce te rules against their contributers. Laws are only enforced against those who dont pay off the politicians.

First example; Tim Geitner.

Second example; Kevin Johnson Mayor of Sacramento and acused Ameri-corps cheat who had the IG sacked because BHO didnt want his friend and BB player not to be elidgeable for Federal Funds.

Support HR 1207, an audit of the Federal Reserve

The Virtue of the Republic

If you trust BHO, I have a bridge for sale

Support HR 1207, an Audit of the Federal Reserve. And the companion bill in the senate S604,

www.house.gov/htbin/bl...

How Much of the Banks' Earnings Are Real?

You left out the vast transfer of wealth from the public to the big banks via the AIG bailout. It was just a way to pay off campaign contributions without the public seeing it. Why is it that we, the public, pay of the Banks debts while I have to pay off my own debts???

Audit the Federal Reserve - Support HR 1207!

Wall Street Breakfast: Must-Know News

In the sales trax alternatives I have heard proposed there is a "Pre-bate" that provides for money to replace taxes on staples. In the real world most people spend all their money anyway. The National Sales Tax would only be allowed to replace the IIRS if it favored the big banks. The Fed is at the root of the corruption in the congress.

Support HR 1207

Why This Rally Is Unsustainable

If you believe the basic premise of this article, that GS and the government (ie the Fed & Treasury) is manipulating the market, then write your congress person to support HR 1207, an Audit of the Federal Reserve
(www.govtrack.us/congre...)

Write your congress person: www.house.gov/house/Me...

Bail Out for Dummies - Part I

Our third President said it best:

I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
Thomas Jefferson, (Attributed)

Now that the government controls the banks our liberty and freedom are toast

The New Compensation Bill: What Would the Founding Fathers Say?

First of all those slave holders are the basis of the DEMOCRATIC party. It was the DEMOCATIC party tht was in charge of the south and fought integration and equal rights until the 60's.

Second, while these corporate CEO's and their minions were at tthe forefront of financial meltdowns, it is the congress that passed the laws that made it possible. When you start to blame someone for the entire debacle it becomes a loop of corruption and pay to play.

Where to start is a hard question. Is it the community Redevelopment Act (CRA)? Is it setting up the Federal Reserve? Is it Nixon's decision to go off of the Gold standard? I dont know, I just know the powers that are pulling the strings dont give a d**n about anyone who didnt go to an ivy league school.


On Apr 02 03:13 AM Marcia C wrote:

> I doubt if the founding fathers could have predicted either the massive
> wealth of America now, or the current economic disaster that was
> caused by those CEO's.
>
> And in case you've forgotten we are all now big time shareholders
> in those companies. We have a right to use our powerto stop the greedy,
> incompetent corporate types from stealing more of our money.
>
> And it is us taxpayers who are keeping them alive. If the corporates
> hadn't been so greedy and irresponsible they (and we) wouldn't be
> in this mess.
>
> Their greed, incompetence, and actual fraud in many cases eliminates
> any right they have to hand themselves huge piles of money they got
> by ripping off so many of us.
>
> A worker who caused a loss of $100 for the company would have been
> fired immediately. A waitress who ends up at the end of the night
> missing $20 bucks has to pay for it herself. Why should the coporate
> types be excempt from what they demand of their workers?
>
> You might have a point though about the FF'ers. Their vision was
> unpaid workers, called slaves, and only white men with property being
> able to vote.
>
> And the slave owners actually got an extra 3/5ths of a vote for each
> slave they owned. Sounds a lot like Republicans desire to make the
> minum wage be zero.
>
> Not something that I support. Do you?

Exclusive: Big Banks' Recent Profitability Due to AIG Scam?

Please explain to me why, if these CDOs are worth 60 plus cents on a cash flow basis, do these banks have a cash flow problem???? Why is there a need to put money into them? Is it just M2M?

Big Debt and Big Returns Could Be Spurring This Rally

Imagine a Tsunami...first there is an earthquake you dont see (the Guinther-AIG fraud), then the water pulls back (this "rally"), finally the wave crashes over those who were foolish enough to run in to collect all the pretty shells exposed by the pull back.

Geithner's Financial Reform Is Doomed to Fail

More regulation? For who? The SEC doesnt do its job and ignores enforcing the rules anyway, so why enact more laws? To better ty up honest citizens and free the big guys to better take our money, thts why!

The way it works is that We The People are bent over a table with our pants pulled down. The guy behind us is crying about how badly we are being raped and promising to find the culpret, surprized OJ isnt in charge of the investigation.

I think that guy is congress