Anonymous Vs Federal Reserve

Discussion in 'General Discussion' started by SwordofTruth, Jun 13, 2011.

  1. naveman Member

    I'm not pimping Max here it's Dr. Paul Craig Roberts I think it's a good interview
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  2. naveman Member

  3. naveman Member

  4. naveman Member

  5. naveman Member

    [IMG] scumbag row
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  6. naveman Member

  7. naveman Member

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  8. naveman Member

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  9. naveman Member

  10. naveman Member

  11. naveman Member

    Listen to ben say screw savers and people on fix income then at the end say "do no harm". But he does know that bonds rule the world
  12. naveman Member

  13. naveman Member

  14. naveman Member

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  15. naveman Member

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  16. naveman Member

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  17. naveman Member

  18. naveman Member

  19. naveman Member

  20. naveman Member

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  21. adhocrat Member

    I don't think the French revolution is what we want. And never forget that the guillotine was designed to be humane.
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  22. lulzgasm Member

    Hanging's too good for them! Burning's too good for them! They should be ripped apart into itsy bitsy pieces and BURIED ALIIIIIIIIIVVVVVEEEEEEE!!!!!!

    2 guesses which movie I paraphrased that quote from. ;)
  23. adhocrat Member

    don't know but it sound Mel Brooks-ish and the phrase 'drawn and quartered' came to mine.
    Not a pretty image.
    Drawn and quartered is what our PE coach said should happen to the killer of JFK in the moments after we learned of JFK's assassination.
    Odd what we remember from so long ago.
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  24. naveman Member

  25. naveman Member

    Plunging deeper into the farce-hole, the FT reports tonight that Obama's foreclosure settlement with the banks over their improper seizure of tax-paying US citizens' homes will in fact be subsidized by those very same US taxpayers. It is a hidden clause (that has not been made public yet) that allows the banks to count future loan modifications under the $30bn (taxpayer funded) HAMP initiative towards their $35bn agreement to restructure obligations under the new settlement. As the FT goes on to note, BofA will be able to use future mods made under HAMP towards the $7.6bn in borrower assistance it is committed to provide - which means, in a (as TARP inspector general Neil Barofsky describes) 'scandalous' turn of events the bank will receive payments for averting a borrower default and be reimbursed by the taxpayer for the principal write-down. We have much stronger words for how we are feeling about this but Barofsky sums it up calmly "It turns the notion that this is about justice and accountability on its head". Are the Big Five banks truly beyond the law?
  26. naveman Member

  27. naveman Member

  28. naveman Member

    Two state attorney generals are investigating wall street’s bundling of mortgage loans into securities to determine whether they were valid and documented properly. The investigation is being led by Eric T. Schneiderman, the attorney general of New York, and Joseph R. Biden III, his counterpart from Delaware. Schneiderman’s office requested documents from Deutsche Bank AG (DB), Bank of New York Mellon Corp. (BK), and according to the Huffington Post, the Bank of America, which act as trustees for mortgage-bond trusts. Their effort centers on the back end of the mortgage assembly lines — where big banks serve as trustees overseeing the securities for investors — according to two people briefed on the inquiry but who were not authorized to speak publicly on the matter. If the legal steps that guide securitization — like taking mortgage documents from one party to another, a critical step under New York law — were not undertaken, then the investors who bought the bundled loans could force the companies to buy them back, compelling them to eat enormous losses. Bank of America refused to comment when contacted by I-B-Times TV. Spokesmen from Bank of New York and Deutsche Bank, also declined to comment about the investigation, as did representatives from the offices of both attorneys general. Shares of Bank of America are down 0.6 percent in early trading today following the news of the investigation and a report released by the independent research firm – Credit Sights Inc. The report states that B-of-A’s persistent mortgage related problems could cut deeply into its earnings through 2012, costing them between 16 and 36 billion dollars
  29. naveman Member

    In a late, and somewhat underplayed, story from the WSJ, it appears that we may finally get some answers on exactly what former-Treasury-Secretary-to-be Geithner knew and sanctioned in the lead up to the Lehman fail. More specifically how JPMorgan illegally siphoned billions of dollars from Lehman in the final days, potentially via Geithner's FRBNY-overseen tri-party repo market. We discussed this at length almost two years ago as the FRBNY was concerned at the ongoing risk of the market being structurally vulnerable to a repo run and furthermore why Lehman's suit against JPMorgan had grounds. Critically, with Geithner being the man at the helm of the entity that approved repo entry and exit and in the final stages clearly sided with JP Morgan as collateral calls rained down, it makes sense to at least find out what he knew and decided - under oath.
  30. naveman Member

  31. naveman Member

    Though the elites throughout the hemisphere exercise their influence through the mainstream media to obscure reality with platitudes and slogans in an effort to convince the masses that the neoliberal model is the only and best model, the facts speak eloquently. In the 1970s, countries in this hemisphere averaged 4.5% growth in cumulative gross national product. In the 1980s, average growth declined to 3.5%, and in the 1990s average growth declined to 2.5%. (Gross National Product is, at best, an imperfect indicator of improving standards of living - for example, the environmental disaster caused by the grounding of the Exxon Valdez in Alaskan waters added to the GNP of the US for several years because the cleanup generated economic activity. And with increasing concentrations of wealth in the hands of a small elite, growth in GNP correlates even less with the economic well-being of the masses. But as a general marker it gives us an idea of where we're headed. And even by neoliberal standards, we appear to be headed in the wrong direction!)
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  32. naveman Member

  33. hushpuppy Member

    naveman, you need to find a more appropriate forum.
  34. naveman Member Old habits are hard to brake and I get your point. "sorry if I get carried away" will quit.
  35. hushpuppy Member

    well wishes.
  36. Anonymous Member

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