Econ 101

Volcker's Wake Up Call: Spread the Word

The only thing tht will stop the thieft of billions of dollars from the average citizen is a collapse of these TBTF banks. I propose that the fastest and easyest is to indict the criminals responsible using the RICO statutes specfically designed for organized crime.

Start with the congress (Frank, Dodd, Pelosi, Rangel) and work your way up to the bankers.

Why Is the Government Holding Wells Fargo Hostage?

The answer why is simple. Goldman Sachs (GS) is trying to kill another competitor through its puppet the US Government. It killed Lehman that way so why not WF??? The GS alumni are so pervasive in the treasury that they are still trying to get an old enemy even tho they arent in the game.

Gerry Corrigan’s Case for Large Integrated Financial Groups

I agree with your points, but Gerry Corigan is a GS alumni. He is only worried about the guys in his Wall Street-Connecticut-the Hamptons world. They kept their jobs, they get their bonuses, their Christmas will be fine. It is the rest of us, the sheeple shorn, who are paying for all of his friends good times. GC is just another propogandist trying to soften up the masses so GS, Citi and the rest can blow a bubble, pop it and make money on both sides.

How do I know? Why GS paid off the administration with a $500 million plan for helping small business. Small inner-city, "underserved" businesses. To GS 500 Million is chump change, and the American people are the chumps.

How Banks Fail at Foreclosure Auctions

And these are the same organizations where the top people are getting huge bonuses??? Another reason why TARP was a fraud and these big banks should have been allowed to fail. Yes, it would have been painful. But the American public continues to be raped by these banks. A depression brought on by the death of the biggies would have stopped it.

Fron the Viet Nam war: "If your sister was being raped, wouuld you be for gradual withdrawl??" It applies here too!

Former Citi CEO John S. Reed: Mea Culpa

Yes, Glass-Steagall. But you also need to have the CDOs properly classified as Insurance products, which Goldman and AIG had the SEC say they werent. The Community Reinvestment Act also needs to be scrapped and the Executives at FNM and FRE need to be prosecuted for the morally irresponsible political contributions (to Chris Dodd, Barney Frank, B H Obama and others).

Time for FDIC to Back Off Citi

Heres the best link:

www.kickthemallout.com...

Time for FDIC to Back Off Citi

lazybun, how can you suggest that BHO might be inexperienced? Watch it or you will wind up on the Do Not Fly list!

Between Blair & Pandit - a pox on both of them! Our country is in the hands of corporate shills and corrupt pols. I doubt either of B or P have commited any illegal acts, but with all of the corruption and pork barrel earmarks, AIG funds conduit to GS, and the rest of the crap effected by both administrations. Both GWB and BHO have and continue to lead administrations that serve only the top 1% at the expense of the middle class, and leave the welfare class on the government plantation.

Throw all the bums out of office -
Term limits for Congress,
One in Washington,
One in Prison!

www.thenational912proj.../

www.rollingstone.com/p...

Geithner's Phone Calls: The Issue Is Access

Giethner - Integrity my Arse! Hes a tax cheat and a Goldman Sachs shill pure and simple.

Java Coolit, you are too nice to the man.

Too Big to Fail - Everyone but Washington Knows What Needs to be Done

"While Dimon gave Paulson, Bernanke and Geithner a free pass for letting Lehman fail"

And why not? Dimon is EX-Goldman Sachs, and letting Lehman fail was the GS method of killing their last real rival. They had their pets in the government do the dirty deed. Jim Cramer has been telling the truth for years, it is a government of, by and for the corporations!

If only the RICO statutes applied to the FED, the Treasurery and wallstreet instead of main street.

Ending the Off-Balance Sheet Charade

First of all the banks own the government and the poiticians. The outright thieft going on and encouraged by both patties is due to the huge campaign contributions by the banks and GSEs (FNE & FRE) to pols in control (Dodd, Franks & the fromer jr sen from Illinois).

Doing what you suggest would cost the top 5% of the population money so it willl NEVER happen.

Bailouts: Revisionist History

Here is a UTUBE video that captures the situation well:
www.youtube.com/watch?...

Bailouts: Revisionist History

Give me a break! Tim (I cant figure out Turbo Tax) Gietner is NOT trying to correct the oligopoly of the big banks, he is helping enforce it. This whole administration is using Animal Farm as a play book to script their responses to questions about their actions.

These banks need to be broken up, they should have been allowed to go bankrupt. I understand it would have caused a huge financial mess for those involved with the wall street crowd. But it would have allowed those banks or Credit Unions who didnt lend irresponsibly to pick up the pieces.

What we have is a RICO stiuation between the congress and the big businesses that will never be investigated, let alone prosecuted. The congress passes laws to help those who stuff their campaign coffers and forget the rest of the country.

Look at goooh.com and get rid of these thieves! Both parties are moraly corrupt and complicent in selling America to the highest bidder.

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.

Has President Obama's Mortgage Modification Plan Failed?

Why not just liquidate Fannie and Freddy? Take their loans and mark them paid? The 25% of the mortgages in America would be paid off. Sure, the share holders would get screwed, but the economy would jump start because 25% of households would now have no mortgage payment!

Oh, those people who own Fanny and Freddie are big political contributers and dont like the idea? Sorry

More on Capital Ratios of U.S. Banks

Who cares?

Lets look at the Credit Union problems. The state of california has been paying their creditors with IOUs since July 1. Those IOUs are being cashed by the credit unions because the banks wont. Why are the Credit Unions doing this? Because they were promised 3.7% return on the notes and redemption of the notes on 30 Spet 09.

What happens when California renigs on redemption? Do the CUs have enough capital to withstand a default by the state? Does the SPICA or FDIC or who ever insures the CU deposits have enough money to back such a default?

Oh that cant happen! Just because most California cities are on the brink of bankruptcy and are cutting back on first responders and the state is borrowing from them. Counties in CA are also deeply in debt and all have cut back services and personel.

It will all be fine, President Obama will provide...