Trump is a greedy money grubber...
These Banks are desperate and on the run. However, in their arrogance, they are still flailing away and attempting to postpone their demise.
The Law demands that we atone
When we take things that we don't own;
But leaves the lords and ladies fine
Who take things that are yours and mine...
Anonymous, circa 1764
Obama's real legacy is that he did not prosecute any of the financial crime.
IMO, it is very possible that if he had prosecuted the financial crime then the US situation could have been saved. Through this simple inaction he has shown what he truly is.
Not ONLY that, he did not stop its viral continuation in total regulatory capture of insititutions he was supposed to rule over!
Those TBTF banks were his to regulate in 2009; totally belly up and living off the government social teat!
Yes, he basically put the Presidential seal of approval on institutionalized fraud and the massive resource misallocations that go along with it. Now they are trying to further it by trying to reinflate the housing bubble. The equity market is a bubble as well, but people are totally onto that scam.
It goes to the heart of my loathing for OCuntus;
I call him that because he lies to the masses. Pretending TO BE " FOR " the middle class and "little guy".....when he is doing the exact opposite.
OCuntus is a born liar. He's lied all his fucking charmed life. To his ass, why stop now? Shit...people believe me. I charm them all the time.
It's akin to having a kid that is lying to you - and you know it. You don't punish the kid - what are they going to do?
Keep fucking lying....
In person, I regularly skewer both sides as to their dearth of knowledge; factual knowledge. un-biased.
The Dems and libs I run into are even more clueless than the right - the neo-cons and war-mongering righties are fools as well.
I'll vote for Romney on this point alone; at least we know he IS a bankster puppet, and he doesn't hide his ties.
That this administration has parts of the countries populace so fooled is a total shame. I laugh - then I pity them.
The ignorance of hiring the same brain 'trust' that got the country into the mess is exactly who he hired to get us out. The one man who might have help save the day, Paul Volker, was sent across the street to feed the pigeons. That was the day I saw the light that big money, religious interests, and unelected power was running the show regardless of who was President, Democrat or Repblican.
None of us can begin imagine the hugh threats of political and financial pressures that are lopped on to any leader. To imagine sitting in the chair is not like actually placing your butt there and dealing with a world that is not wholly revealed to you until you DO sit there.
Two bad choices for the next election delibertly designed to disillusion and discourage voter participation in the idea that something can be done, or will be done, to turn the ship around. All this money being spent is a crime in itself when there are Americans homeless and dieing of hunger.
Shame on our leaders, shame on us, shame on those who destroy the heart and soul of our country.
Something to keep in mind, with banks loaded up on sovereign bonds and their yields driven down to near zero ...
When bond yields begin to rise, there will be a fresh wave of financial failures as banks' capital gets wiped out by bond price declines.
Owing to gross price ramping by the Bernank and Draghi, the most creditworthy sovereign bonds have been turned into the most dangerous bubble assets.
Anyone seen this? From the article:
"Strategic defaulters, beware. The feds are coming for you. And they are not happy.
Not the FBI. The Office of the Inspector General at the Federal Housing Finance Agency."
And because Fannie and Freddie are on the hook for the $187 billion in taxpayer money that the Treasury has invested so far to keep them afloat — by some estimates, the tab eventually could reach more than $360 billion — the OIG is on the prowl for people who owe it money.
Investigators are searching not only for lenders who have sold materially deficient loans to Fannie and Freddie, but also individuals, including those who reneged on their promises to repay their mortgages. So if you are a "strategic defaulter" who decided it was better to walk away from your obligation than to keep paying for a house that was worth substantially less than you owed, it's time to start looking over your shoulder."
Anyone think that lenders will ever be the target? Or that this is aimed at anyone who has already walked away? Instead I think it is meant to keep those who are considering getting out of Dodge on the treadmill as long as they can last.
Oh, and they're gonna need a bigger bailout, too...
A crack team of experienced investigators and prosecutors to go after 1 billion bilked by mortgage scofflaws. What a fucking joke!
And they can't nail one bankster. Why? Because Geithner told everyone not to.
I wonder if they'll go after the Mortgage Bankers Association.
If the markets are to regain any semblance of trust and respectability then the Risk must be somewhere in line with the Reward.
As long as entities like - Refco - MFG - PFG- MS - GS - and now...NYSE/EURONEXT can get away with a slap on the wrist - they will continue to destroy the infrastructue and foundation of which they were built upon - which is a "public trust" not a private for profit entity.
Where does it end....
to WB7: longtime admirer - 1st time post .... to your latest post... what's happenning under the table?
What's going on under the table is how she got the CFO job.
WB7 - Request: John Lennon repudiating the lyrics of Imagine
Another hit piece by WB7
Any chance of an interpretive woik of art on STOP KRONY 2012?
San Diego curbside calisthenics optional but appreciated.
Good to see old pumpkin head again, btw, that smile means scary Halloween stuff is on the way.
Shoji, still no luck with real employment? Sad, so talented...at least in your mother's eyes.
the brilliance of the image above is that it's a vintage GE Toaster and if I am not mistaken Neutron Jack is in the reflection
i belive it
I am a Troll, FULD diddy role.
Can you create something which relates to the ESF?
Market Skeptics did a brilliant 5 part video series on the ESF - and it is quite ILLUMINATIng:
Happy Fall 2012 as the TBTF d-bags flush it all down the shi**er!
Tnx, I'll take a look at it.
very cool to see you on Google Street View
That is hilarious!
That quote is just a reminder that this shit's been going on since the advent of society. Makes me want to live in the woods.
You'll soon get your chance. Unless you enjoy being barbecued by the Golden Horde.
I find it beyond odd that the media is constantly harping on "bringing Lehman back" in some way, shape or form.'nothing must be allowed to die...we must have "capitalism eternal." do not be afraid of the monster! Do not be afraid of the monster! Of course insodoing we are engaging in the penultimate vainglorious conceit. "just ignore the wrecked economy"...indeed the wrecked world. Has anyone stopped to ponder the sheer lunacy of it all? Let me guess..."just the lunatics."
Thirty years ago when everyone thought Japan ruled the world, it was said that our financial system and creative destruction were the secret weapons of capitalism that would revive American dominance.
Now, with China eclipsing us, what do we have? A complete farce.
Stapling these to telephone poles may be the best way of informing publius dumbius. But then again I hear that injuries due to people walking into street signs while texting is at all time highs soooo....nevermind.
60 Minutes: The Criminal Case Against Lehman Brothers
Dylan Ratigan with Eliot Spitzer on Lehman, Geithner, Fuld & The New York Fed
Nice work, WB. I've been posting a lot of your photos lately, like this one:
QE3 Explained In One Photo
Yes, I saw it. Thx for spreading the word ;-)
DB, I really enjoyed yout post re: white collar crime, " I plead the fift."
Bunch of phony bastards, i would set the gimp on them all, and watch it with great pleasure.
You call Madoff "Wall St."? Are you fucking kidding! You really are one stupid gook, and I thought you slants were smart...
So much for assumptions...
Everyone say hello to cjbosk..the reincarnated troll whose birth certificate is an apology from the mule condom factory.
He has nothing better to do than to remind us of this every time he posts.
I hate to say it. But troll quality is really going downhill around here.
What we need is a troll revival.
OBAMANEY WILL SABES US :D
What's up with Blankfiend's head? lol
Looks like Mr. Potato Head.
Bernie Madoff is a Guppie compared to the 25' Great White Sharks he is pictured with.
No wonder he is the only one in jail.
The important thing to remember about Madoff is no one went after him. He literally had to turn himself in to get the attention of the Feds.
As for the rest, they all hold their noses up and pretend he is below them, but they are all the same animal, two bit hustlers dressed up as ponzi prom queens.
This fact is often overlooked.
Madoff turned himself in... and as far as I can see, he is the only one that has seen the inside of a prison cell
That's it in a nutshell, either you turn yourself in or you are an outsider/foreignor and an easy target. But if you are in the Fed's circle of power, you are free and clear.
Bernie among his own. Right on target, William.
How can the Lame Stream media ignore Mofo Global? The crime of the century.
Probably because Corzine is Obama's boy. And because the media moguls in general have to ingratiate themselves to the political and financial class to keep up their standard of living for the coming shitpocalypse.
MF Global was quite infinitesimal compared to the theft by the US Government to pay for the Cold War, the Vietnam War, the War on Poverty, the War on Drugs, the Gulf Wars, the Iraq and Afghanistan Wars, the War on Terror, the Bush/Obama Administration, the Banking Cartel Bailouts, EBT/SNAP, Fed shenanigans and on and on.....
That's like pissin' in the ocean.
Yes. But it was kind of a canary in the coal mine moment. It displayed for all to see that the system is broken and is not to be trusted. It was the first ship(in this decade) to go over the waterfall On Bernanke's Columbus-Like Voyage To The End Of The Monetary Policy World
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