geewow

More Trouble Brewing for Banking Sector?

I agree with miolaman, but judit doesn't get it yet:

"Please, no more negativity toward banks...they are here to say as much as you'll wake up tomorrow. So we better deal with the fact that they will turnaround, and will serve hundreds of millions of customers, like always..."

Pay off debt, and save your precious cash! You may need it! Downsize your lives and live more simply. Give up the consumer desires and buy what you comfortable need. Take a risk with your cash if you can create a widget of some sort that will supplement your earners.

The banks have been recapitalized off the backs of our working people. Monetized Treasury bonds and bills are being converted into debt that has been freely passed out in abundance without careful scrutiny or oversight. Bernanke does not even know the where, who and how his loans to foreign central banks have gone. And if so, won't say. He dishes out threats of market instability if he reveals his loan recipients. This is an economic crime syndicate!

Zero percent interest loans to banks and broker dealers, which then turn around and buy Treasuries for a profit and gamble in the market protecting Bernanke's ass have been jacking up stock and commodities prices (manipulation). This has been Bernanke's backdoor deal. There is plenty of liquidity but it is being used for the banker's personal use.

So, don't complain about the banks because they are here to stay? What a "cop-out". That is like saying don't go to a doctor because eventually you'll die. These banks need controls, supervision, and oversight. Bernanke needs to be audited and this action of the government selling off our nation's wealth to the Fed, turning it into unregulated monetized debt, so we can buy it back with interest is a complete dope-slap.

I say get the hell out of the market and teach these jerks a lesson. Take your cash out of the manipulated game, and place it in your local and regional banks. Pay off your debts! These market manipulators (Bernanke, Geithner and Obama) will then see exactly that the average investor means business when he/she demands reform NOW.

eye-on-washington.blog...

Spain Crumbles

Reaganomics, and Alan Greenspan's laissez-faire neo-liberal capitalism has poisoned the economies of many countries. World industrial production, consumer spending, and wages of average workers will continue to suffer dragging down these economies as those at the top continue take what they don't deserve. That appears to be the design plan.

eye-on-washington.blog...