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Government Betrays Americans Again, Prepares To Drop Bank Levy To Win Support For Fin Reg
Goldman off to the races as 3 reports confirm that the captured and bribed congressmen and senators are about to drop the $19 billion bank levy in order to win the support of Scott Brown and others who demand that banks gradually lose every expense item from their P&L over time, and have revenue translate to net income.We anticipate more such 11:59th hour horsetrading, as the entire already worthless bill is reduced to one ply toilet paper for Wall Street's CEOs.
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I can certainly understand ignoring the messenger. Regardless, please hear the message.
http://www.youtube.com/watch_popup?v=qtjfMjjce2Y
That video is very scary.
Sorry Newt, there is no conection between the failure of our economic system and the "need" to abolish the separation of church and state.
Relevant parts: 0:00 - 1:23, 7:25 - 9:10
Fearmongering parts (feel free to skip): everything else
Not one ply! Your bound to get shit all over the place.
too late. Scotty Brown "shot" that one down, too. This hit is right up there with the SEC's annhiilation of Goldman. PERFECT.
I'd be sick to my stomach if i didn't already give up on these people
Reform. I do not think it means what they think it means.
http://www.youtube.com/watch?v=D58LpHBnvsI&feature=related
Inconceivable!
+! That is an excellent bit.
Where is this being reported? I need links for the keynesian sheep that won't listen to a single thing posted on zerohedge.
Why educate them? If they believe everything's well, let them buy the market.
I feel like educating others is my only hope left in the world.
yeaasssss. time a some "real change we can believe in." As Muhammed Ali blurted out when "litte man" Joe Frazier starting clobbering "Muhammed's" ass "I thought you was washed up." And of course while pouning the crap out of that "pretty white boy" Joey Boy retorted, "you thought wrong." Needless to say "Muhammed" never could speak without a stutter ever again.
And after the "Thrilla in Manila" (the greatest fight... no WAR, of all time IMO) Joe's verbal communication efforts became (sadly) completely unintelligible.
That don't even hold a candle to a Leon Spinks interview after a fight. Where Howard Cosell asked him about the fight and Leon on national tv said. "Howard I used to be a lot mo dumber, but now I'm a lot mo smarta"
"They" are not only no longer trying to hide it any more but the bribes are now being announced on CNBC.
This reminds me of Roman Senators taking bribes on the front steps before walking inside to vote. It was accepted practice and it eventually became honorable and even polite to show you had the means to bribe a Senator.
Well, I got to have a nice big old shindig and invite all these fine fine gentlemen out to the homestead for a bite to eat, some good music, and some fine entertainment later back of the old woodshed.
The music will be: http://www.youtube.com/watch?v=1tqxzWdKKu8
and there's nothing like a nice piece of hickory: http://www.youtube.com/watch?v=m1Et4t2r8Sg : out back of the old woodshed.
I know we are powerless. But we are not powerless. See what is happening and say nothing with your mouth, but everything with your eyes.
It is not the action. It is the intention and the memory. Subtle is much better than actual, they will destroy themselves as they fight over fucking each other.
The entire idea of the special Bank Levy was ill concieved in the first place. Glad to find that Senator Brown can recognize it for what it was.
Yeah...its a shakedown...plain and simple....and why should they not be shaken down for money since they've destroyed the lives of all the Baby Boomers and 5 generations hereafter!@!!
Pretty poor thinking and a flawed analysis. You are correct on stating it is a shakedown, but the banks cannot avoid it. The govt. has the big guns. The banks did not destroy anything. It was the borrowers who will not repay their debts, and who are told by their govt. that they are not really responsible for their decisions to borrow, who have screwed the great system. FNM and FRE are carrying out the policies of Barney and Barry and Nancy and Harry and are broke. Banks did not do that to them.
Sure enough, the banks are innocent bystanders. Nobody knew that approving originating loans with no oversight and passing on those embedded risks to unsuspecting investors would cause so much havoc to the financial system.
Puh-leeze.
"who have screwed the great system."
You are beyond pathetic and contemptible. You are either a wannabe bankster, or even more contemptibly a (and probably poorly paid at that, because you are certainly not part of their "A" team.) shill for them.
If banks did what most of the people in the world would like them to do, (and what they should be doing) then we would not be facing the very unpleasant problems that we are facing today.
Banks should not be gambling. Ever. Banks should Never be allowed to gamble.
Banks should be a place where you can put your wealth and it is safe and secure. That you trust.
I'll bet that there is not even one single person (at the moment you can't include yourself, shill) anywhere in the world today that believes that they know of a bank that they can put their wealth in and believe that it is secure. A bank that they TRUST.
Unfortunately today there is not a bank, or government, or country anywhere in the world that people look towards as what the standard should be.
A functional healthy society requires a functional healthy banking system. We do not have a healthy or functional banking system and consequentially our societies are not healthy or functioning well.
Either we the people wake up and MAKE our financial systems serve our societies or we lose the fight and the Banks(ters) insanely use our societies (and you and I) as just another tool to manipulate in pursuit of their profits.
Or until they blow it all up, which won't be long if we can't stop them.
So far, stopping them is only a Pipe Dream. We're losing.
Wake up Shill. You are being used.
The baby boomers destroyed themselves and their progeny. They decided the government knew best how to plan for their retirement and blindly accepted social security as sustainable. They sat idly by as administration after administration raided the SS fund. They did nothing as their money was inflated away. They decided the government knew how to educate their children better than they. They didn't take the lessons of their parents to heart. They are the corrupt politicians/leaders throwing the future into the shitter. They deserve NOTHING.
Augustus
I'm glad the Tea Party picked Scott Brown up and supported him from all across the Country, myself included. If the dem would have won he would not have refused the offer. Actually, no offer would be necessary.
The Bank Levy is complete bullshit. It's another gov't slush fund to be spent as they see fit.
I would rather see the money taken from them and BURNED...but taken from them and given to the government is still robbing Peter to pay Peter so..there is no solution.
I will continue to watch the freak show and watch my fellow citizens get swallowed in shock and awe...while i sit and watch my garden grow.
US Govt. = Toilet paper.
Used toilet paper.
Used single-ply toilet paper. HAHAHA (Loing O L)
Who elects the representatives, the campaign donors or the people?
Tough to figure out where ZH comes down on the whole question of FinReg.
Drop one provision and you're betraying America, but Feingold kills the whole thing and he's a saint.
Tyler needs to get his editorial position together on some things....
It's not that tough. Financial reform has gotta be all or nothing. The bank tax is stupid because it's basically a "fund" that guarantees future bailouts.
mdwagner,
at least banks pay it ..
better than you and me
Right. And it also makes a bailout more likely to be needed. And when it is, it'll be a lot more expensive than what they've paid. Besides, that money will be spent on other unrelated crap anyway.
They should tell them bailouts are over, forever. Then they might care to manage risk properly instead of shifting that burden to regulators and ultimately taxpayers.
They have already been bailed out in the last 2 years, so I can assure you their risk models now incorporate a "moral hazard" equation.
killben
Unless you keep your money buried in the back yard, "you and me" still pay it because the fees are passed down to us.
When any money comes into the Federal Govt. it is spent immediately. You are not foolish enough to believe in the Lock Box are you? The banks don't ever pay it. The customers do.
I guess, mdwagner. But anyone who expects a clean uncompromised bill to come out of the US Congress has obviously never ever watched the US Congress.
There are a plethora of reasons to vote against FinReg.
Scott Brown could only think of ONE?
This is what happens when you elect who can shed anything at the drop of the hat!!
Thus even if Dems get mauled in the Nov elections, we will have crappy Reps in place ..
If the banks like the bill its SUCKS for the rest of us. Enough said. F the banks!
If the banks liked this bill the markets wouldn't be tanking.
The markets liked the bill yesterday. Now that there is uncertainty from Brown, Byrd death and Feingold saying "This bill does not do enough" there is concern that it will be toughened.
That is why the banks are down, that is why the markets are being held hostage again and that is why Ben was at the White House this morning. The global economy and political structure is now subject to the daily market gyrations of the U.S. stock market.
TD, you have it backwards. The more they neuter the bill the more plys get added to the bankers TP. We are up to 5 ply at this rate.
Whoever backdoored this 19Bil fee into FinReg tells me more bailout money going to be needed sooner than later and Bam Bam knows hes got fewer and fewer funding options....helmuts on!
Helllloooo Mr. President....YOU are not the one who WEARS the presidential knee pads.
These pols ain't missing any MENSA meetings... actually the closest most get
was Mark Sanford, who must've thought it meant "me 'n S.A."
Doesn't betrayal imply that someone was betrayed? That government works for the parasite bankers shouldn't surprise anyone.
At least Scott Brown drives a truck. That's good for something, right?
Don't forget how hard your elected representatives have fucked you come November!
Because this fall they will be everywhere you look telling you what a great job they are doing for "the little man"
NOVEMBER INCUMBENT BLOODBATH !!! MAKE IT HAPPEN !!!
Scott Brown = Worthless just another chicken pecking at the keyboard.