Massive Wave Of Lawsuits To Be Filed By The US Against America's Biggest Banks As Soon As Tomorrow

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Fri, 09/02/2011 - 06:28 | 1625450 MarketTruth
MarketTruth's picture

It must be a distraction as so far i have seen virtually NOT A SINGLE BANKSTER IN HANDCUFFS. Talk and filing lawsuits is relatively cheap, like Obama jabber-jawing to infinity, yet ACTUAL PROSECUTION WITH BIG FINES AND HANDCUFFS HAS BEEN A NO-SHOW.

Thu, 09/01/2011 - 22:34 | 1624766 mayhem_korner
mayhem_korner's picture

Doubtful.  I am more inclined to think this is misdirection for other "goings on."

Thu, 09/01/2011 - 22:38 | 1624786 Cistercian
Cistercian's picture

 Like the latest upcoming nuclear false flag?

  Or to forestall the increasingly inevitable revolution, complete with executions?

Thu, 09/01/2011 - 23:00 | 1624899 Gotterdammerung
Gotterdammerung's picture

Actually,…… they are just trying to help the country understand that Obama speaking about the jobs,… the jobs we don't have, will never have again,.on the openeing night of the NFL wont be the worst thing to happen to the country next week!

"If you haven't prepared for the upcoming crisis,... now might be a good time to exit your home, run down the street pulling the hair from your head, and screaming,…  but,…but he promised it was going to be different this time,... he prrroommmmissssseeedddddd!

Fri, 09/02/2011 - 00:27 | 1625167 gmj
gmj's picture

We will get those jobs back when the cost of a unit of productivity in the US reaches parity with the global market.  Sadly, this means the end of the US middle class hyperconsumptive lifestyle.

Fri, 09/02/2011 - 00:49 | 1625205 sun tzu
sun tzu's picture

Also the end of running water, electricity and other things most of the world lives without

Fri, 09/02/2011 - 00:58 | 1625221 Whalley World
Whalley World's picture


Thu, 09/01/2011 - 22:38 | 1624789 john39
john39's picture

something to blame the crash on...   or, something to finally trigger the crash.

Thu, 09/01/2011 - 22:48 | 1624839 DeadFred
DeadFred's picture

Bernanke does need cover for more QE, but to hurt the banks so you can help the banks???

Thu, 09/01/2011 - 22:56 | 1624879 Bananamerican
Bananamerican's picture

kinda makes you think ....

Thu, 09/01/2011 - 23:06 | 1624938 MachoMan
MachoMan's picture

Didn't the fed drain liquidity just prior to the 08' plunge?

Thu, 09/01/2011 - 23:09 | 1624958 Bananamerican
Bananamerican's picture


....and how many times must these sacred cycles, of bailout and censure, play out?

According to Hindu cosmology, the sacred bailout cycle is one full day (day and night) for Brahma. The lifetime of a Brahma himself may be 311 trillion and 40 Billion years. The cycles are said to repeat like the seasons, waxing and waning within a greater time-cycle of the creation and destruction of the universe. 

So are the holy receptacles of the amerikan people's money like unto the lotus of Vishnu, he of 1000 names....


Thu, 09/01/2011 - 23:12 | 1624970 I did it by Occident
I did it by Occident's picture

"In order to save the village, we need to destroy it"

Where have I heard that before...hmm?

Thu, 09/01/2011 - 23:37 | 1625053 Freddie
Freddie's picture

Loot the banks...again.  Fannie and Freddie plus hussein's gang and the bernake are the evil ones.  The banks are just being looted by them for their allies and cronies.

Thu, 09/01/2011 - 22:48 | 1624836 whthewrld
whthewrld's picture

The Fed is just paying them self back - Enter QE3 Stage Right


Thu, 09/01/2011 - 22:44 | 1624816 Slartebartfast
Slartebartfast's picture

Willing to bet Barry and CONgress are sitting on their hands and watching this from the sidelines just like an episode of The Muppets.  

It's either a standard "roundup the usual suspects", farce; or the rumors of an ongoing war amongst the Oligarchs may be boiling to the surface of reality.  Can only wait and see how things shake out.  It was certainly timed to kick off this fall, just like a number of bloggers have been predicting all summer.

Thu, 09/01/2011 - 23:50 | 1625087 Kali
Kali's picture

Glad I bought more phyzz today......shoulda bought more maybe.

Thu, 09/01/2011 - 23:12 | 1624969 RmcAZ
RmcAZ's picture

This can only mean one thing... TARP 2, QE3^9, ARRA 2, etc. This is pretty standard... make it look like the government is going to do something right, and then turn around and bail everyone out.

Either way, going long FAZ.

Thu, 09/01/2011 - 23:15 | 1624983 Cdad
Cdad's picture

I can feel it.  I can feel it.  Stop Dave.  Dave stop.

Fri, 09/02/2011 - 01:24 | 1625258 tickhound
tickhound's picture

Dave's not here, man.

Thu, 09/01/2011 - 23:47 | 1625080 LongBalls
LongBalls's picture

Come on guys....wipe the shit off your goggles. This is a psy-op. Obama is floundering in the polls because he is focused on job creation like a lazer (sarcasm intended). He looks like a hero to the sheeple (but offers no substance to the systemic probs) and the damn banks get more free cash due to liquidity stress. They are loosing the info war. This attempts to tackle both issues.

Study French Revolution history you scum sucking traitors. We are coming for you.

Fri, 09/02/2011 - 05:37 | 1625419 scatterbrains
scatterbrains's picture

and do they drop all charges/fines after the election victory kinda thing ?

Thu, 09/01/2011 - 23:54 | 1625102 Popo
Popo's picture

I detect a hand-slap coming...


There will be no major penalties for the annointed ones.

Fri, 09/02/2011 - 01:16 | 1625252 agrotera
agrotera's picture

i saw obummy wearing his special bat man costume,  i thiink he wants to be thought of as gotham city's herio, i think i would have  been better as skoobiedo

Fri, 09/02/2011 - 01:39 | 1625276 zebra
zebra's picture

it is impossible... government is acting normally?


Fri, 09/02/2011 - 01:39 | 1625277 zebra
zebra's picture

it is impossible... government is acting normally?


Fri, 09/02/2011 - 01:50 | 1625284 Michael
Michael's picture

Barry and the Shit Bags need to raise money to pay for big bloated government anywhere they can get it at this point.

Chapter 7 banks don't need to be bailed out, they need to be liquidated.

Fri, 09/02/2011 - 09:38 | 1626101 chunga
chunga's picture

More political grandstanding? Yeah...probably. Who cares. If it motivates more individuals to delve into the grime in their own personal RMBS home (and act/sue accordingly) that's great. Death by millions of cuts.

These fucking lousy bankers are squatting in their ivory towers. Kick their asses out.

Thu, 09/01/2011 - 22:33 | 1624757 max2205
max2205's picture

Sure makes cents. Sue them then TARP it back. Rinse repeat

Thu, 09/01/2011 - 23:04 | 1624927 TheFourthStooge-ing
TheFourthStooge-ing's picture

I'd much prefer pushing them off a cliff, dragging their carcasses back to the top, and then pushing them off again. No rinse, but repeat as necessary.


Thu, 09/01/2011 - 23:50 | 1625086 Larry Darrell
Larry Darrell's picture


The reality is, fuck the money.  I'd just like the criminals to be properly executed.

Thu, 09/01/2011 - 22:33 | 1624760 j0nx
j0nx's picture

Oh and btw Tim Rood: FUCK YOU, you cocksucker.

Thu, 09/01/2011 - 22:33 | 1624764 GottaBKiddn
GottaBKiddn's picture


Long, rope and pitchforks.

Thu, 09/01/2011 - 22:49 | 1624840 Stoploss
Stoploss's picture

Boiled rope. If you don't boil the rope first, you risk a rats nest snag from the fibers, and also sparks (possibly fire) from the friction. Boiling the rope heat shrinks the fibers back into the twist, and brings the wax deposits to the surface, creating a very smooth and lubricated rope surface. Boiled rope is also very stiff after treatment. Same as a lasso.

Also long boiled rope, pitchforks, and other implements.

Thu, 09/01/2011 - 22:59 | 1624895 Id fight Gandhi
Id fight Gandhi's picture

You've put a scary amount of thought into this haven't you.

Thu, 09/01/2011 - 23:07 | 1624946 TheFourthStooge-ing
TheFourthStooge-ing's picture

You've put a scary amount of thought into this haven't you.

"Chance favors the prepared mind." - Louis Pasteur


Fri, 09/02/2011 - 00:43 | 1625195's picture

"Moo." -- Elsie

Fri, 09/02/2011 - 00:01 | 1625121 iDealMeat
iDealMeat's picture

meh..  probably a proficient mariner. Rope burns are a f'n bitch.. Scuffs up your boat too..

Fri, 09/02/2011 - 00:33 | 1625175 NZ Watcher
NZ Watcher's picture


Now I understand why I stuffed it up every time

Fri, 09/02/2011 - 01:08 | 1625241 Hapte
Hapte's picture

More like an appropriate amount of thought...

Thu, 09/01/2011 - 22:35 | 1624770 101 years and c...
101 years and counting's picture

Remember this line to Rick Perry: "i'm from Bank of America.  We'll help you".  I'm guessing o saw it and wasn't very happy.  he's hitting back.

Thu, 09/01/2011 - 22:44 | 1624813 john39
john39's picture

obummer is not even a glorified puppet. and both parties are totally owned. no way any of this happens without the banker cabal issuing the order.  so lets see what they really are up to.

Thu, 09/01/2011 - 22:54 | 1624865 PaperBugsBurn
PaperBugsBurn's picture

i think we are about to find out what Jennings meant by about being nailed on a cross of gold and it is the banksters (some of them, including the most powerful ones from outside the US) managing the transition.

Thu, 09/01/2011 - 23:52 | 1625095 anonnn
anonnn's picture

Wm J Bryan:

 ""Having behind us the producing masses of this nation and the world, supported by the commercial interests, the laboring interests and the toilers everywhere, we will answer their demand for a gold standard by saying to them: You shall not press down upon the brow of labor this crown of thorns, you shall not crucify mankind upon a cross of gold."

Thu, 09/01/2011 - 23:21 | 1624998 I did it by Occident
I did it by Occident's picture

Maybe a Leveraged Buyout via private equity "partners", but need to decimate the stock prices first.  and if taken private they won't have to answer to the SEC anymore.  Then the fun can really begin...

Thu, 09/01/2011 - 23:31 | 1625029 gmj
gmj's picture

This is incomprehensible.  In my world view, the federal government is a rubber stamp for the Wall Street banks.  Look at the personnel revolving door between them.  I have no idea what to think of this.  Maybe the feds will take a few CEO scalps and somehow leave the banks relatively unscathed.  But then why did they let Tangelo Mozilo off with a slap on the wrist?  I'm amazed they are doing anything, since the sheeple have no awareness of the MBS issues.  Maybe this is a way of imposing haircuts on the TBTFs, and helping to fund mortgage relief.  I wonder if the political interpretation is correct.  This could stir the GOP up like a hornet's nest.  They would be forced to reveal their true masters just before the election.  The problem is that the Democrats serve the same masters.  Maybe the Dems and the GOP got together and decided to do a purge and accept the heat before the next TBTF hits the fan.  The problem with that is that DC is completely polarized to the point of national paralysis.  Aargh.

Thu, 09/01/2011 - 23:57 | 1625108 Popo
Popo's picture

All they really need to do is use this to reinstate Glass Steagall.


...And wipe out the shareholders of the banks.


...And clawback bonuses earned by banking executives, which were based upon fraudulently generated profits.



Fri, 09/02/2011 - 10:13 | 1626287 TheFourthStooge-ing
TheFourthStooge-ing's picture

All they really need to do is use this to reinstate Glass Steagall.

...And wipe out the shareholders of the banks.

...And clawback bonuses earned by banking executives, which were based upon fraudulently generated profits.

...and torch the fucking Hamptons.


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