Posts Tagged ‘bailouts’

the-economist-banksters

STORYLEAK: NBC Report Confirms Bankers Really Do Fund Drug Cartels, Terror Groups

 

 

 

 

 


 

 

Outstanding leadership. Iceland flipped the finger to the banksters of the world in 2008, and did the exact opposite of the US and Europe. And I want to go live there.

“We were wise enough not to follow the traditional prevailing orthodoxies of the Western financial world in the last 30 years. We introduced currency controls, we let the banks fail, we provided support for the poor, and we didn’t introduce austerity measures like you’re seeing here in Europe.

…Why are the banks considered to be the holy churches of the modern economy? Why are private banks not like airlines and tele-communication companies and allowed to go bankrupt if they have been run in an irresponsible way? The theory that you have to bail-out banks is a theory that you allow bankers enjoy for their own profit their success, and then let ordinary people bear their failure through taxes and austerity. People in enlightened democracies are not going to accept that in the long run.“

 

iceland

 

I’ve posted a lot on the financial gangsterism of the FED and the Congress and White House.  The bought and paid for lackeys of big finance who funnel the future wealth of the nation into the accounts of todays monsters.  Here’s a quick list of the recipients of this stolen treasure, a theft which continues without restraint.  It makes a mockery of us all, and yet it continues as if this was business as usual.

From Richard Clark on OpedNews, Are Banksters & the Fed Becoming the Fourth Branch of Our Government?:

After years of making bad loans with artificially low interest rates, and foreclosing on millions of American homes, the Fed bailed out the following banks with at least $16.9 trillion according to page 131 of the first GAO audit:

Citigroup: $2.5 trillion ($2,500,000,000,000)

Morgan Stanley: $2.04 trillion ($2,040,000,000,000)

Merrill Lynch: $1.949 trillion ($1,949,000,000,000)

Bank of America: $1.344 trillion ($1,344,000,000,000)

Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)

Bear Sterns: $853 billion ($853,000,000,000)

Goldman Sachs: $814 billion ($814,000,000,000)  

Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)

JP Morgan Chase: $391 billion ($391,000,000,000)

Deutsche Bank (Germany): $354 billion ($354,000,000,000)

UBS (Switzerland): $287 billion ($287,000,000,000)

Credit Suisse (Switzerland): $262 billion ($262,000,000,000)

Lehman Brothers: $183 billion ($183,000,000,000)

Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)

BNP Paribas (France): $175 billion ($175,000,000,000) …

:)

Posted: August 6, 2012 in -
Tags: , , , , , ,

Credited to Anthony Freda and Daniel Zollinger by way of Washington’s Blog by way of Counterpunch.

You’ll also want to read this:

$26 Trillion of Bankster Fraud & Theft According to Ron Paul, Alan Grayson and Bernie Sanders

P.S. — Whose country is it?

Coming Soon

From michaelmoore.com / youtube

‘CAPITALISM: A LOVE STORY’ – In Theaters October 2nd

“It’s a crime story. But it’s also a war story about class warfare. And a vampire movie, with the upper 1 percent feeding off the rest of us. And, of course, it’s also a love story. Only it’s about an abusive relationship.
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