Yep, and track how much of that went to Europe and you'd wanna burn something down.

And do you know why it was so much? Because the 4 years running up to the meltdown the banks accounted for 40% of US GDP. 40% is insane. If that vanished then what would happen? If a 10% reduction of GDP is a depression, what's 40%?

 

Just think. Now we will have to continue giving in to the large banks. The reasoning behind giving the banks unlimited amounts of money was because they were too big to fail.
The large banks took all the money we gave them and grew even bigger. Now we are completely in their hands. They can demand anything they want and we will have to continue giving in.
If they were to big to fail back then they sure are too big to fail now. Looks like the U.S. people do not have any choice, if they ever did.

 

Just think. Now we will have to continue giving in to the large banks. The reasoning behind giving the banks unlimited amounts of money was because they were too big to fail.
The large banks took all the money we gave them and grew even bigger. Now we are completely in their hands. They can demand anything they want and we will have to continue giving in.
If they were to big to fail back then they sure are too big to fail now. Looks like the U.S. people do not have any choice, if they ever did.

I don't think we ever did. Congress received emails 300:1 against TARP and still voted for it the 2nd time around. My congressman at the time retired because the people here were ready to lynch him after that mess.

 

Does this remind anyone of those sy-fy movies where the black particle of distruction that will suck in the whole world if it grows too big, is eating electricity/power and traveling the power lines - and the military wants to shoot nuke, etc in and the hero always tells them it will just feed it and make it grow larger that much faster - that the power has to be bled off to contain and kill it.

That's what this sounds like to me.

 

Does this remind anyone of those sy-fy movies where the black particle of distruction that will suck in the whole world if it grows too big, is eating electricity/power and traveling the power lines - and the military wants to shoot nuke, etc in and the hero always tells them it will just feed it and make it grow larger that much faster - that the power has to be bled off to contain and kill it.

That's what this sounds like to me.

That's and interesting picture there.

 

Well, Dexia got a bunch it looks like. And failed anyway.

 

I don't think we ever did. Congress received emails 300:1 against TARP and still voted for it the 2nd time around. My congressman at the time retired because the people here were ready to lynch him after that mess.

After the amount of resistance from the public, I honestly feared that mobs would burn DC to the ground when they passed it anyway. And, I'm truly shocked that Paulson is still drawing breath.....or at the very least, is not behind bars.

One of the big arguments against the Dodd-Frank bill, if you'll recall, was that it did nothing to solve the too-big-to-fail issue....rather, it made the situation worse. To my knowledge, no explanation for that has been given.

 

fortunately the AL group voted against it so I don't have to lynch them.

 

Obama's slush fund-our $$$

 

This is just mindboggling to this smallfry. The real bailout came to 7.7t and was secret.

http://www.bloomberg.com/news/2011-11-28/secret-fed-loans-undisclosed-to-congress-gave-banks-13-billion-in-income.html

Yes, and remember, that's just what the couterfeit money they printed and distributed. That doesn't include the amount that was leveraged, IOW the total liabiliuty. I've seen figures that world wide, it's more like 35-60 trillion.

Yep, and track how much of that went to Europe and you'd wanna burn something down.

And do you know why it was so much? Because the 4 years running up to the meltdown the banks accounted for 40% of US GDP. 40% is insane. If that vanished then what would happen? If a 10% reduction of GDP is a depression, what's 40%?

Uh huh.
And for general info, if people still think it was all about bad mortgages, the total of foreclosures isn't more than 1 trillion. If every home in the U.S. went under, it would be 10 trillion.

Does this remind anyone of those sy-fy movies where the black particle of distruction that will suck in the whole world if it grows too big, is eating electricity/power and traveling the power lines - and the military wants to shoot nuke, etc in and the hero always tells them it will just feed it and make it grow larger that much faster - that the power has to be bled off to contain and kill it.

That's what this sounds like to me.

I like that.




What it means is time to stock up on rice, beans and ammo.

 

This all makes sense when you start to see it for what it is ... a massive money-laundering scheme.

The politicians use their government offices to give money to the banks ... the banks then give money back to the politicians in the form of campaign funds. It's all a racket.

 

This all makes sense when you start to see it for what it is ... a massive money-laundering scheme.

The politicians use their government offices to give money to the banks ... the banks then give money back to the politicians in the form of campaign funds. It's all a racket.

True. The reason we see such large numbers is that each bank and each politician has to take out their share before passing the remaining amount on to others.

 

Pancho, that's what Obama means when he say's "fair share".

 

I haven't heard anything about Congress holding hearings on this.

How Paulson Gave Hedge Funds Advance Word

At the Eton Park meeting, he sent a different message, according to a fund manager who attended. Over sandwiches and pasta salad, he delivered that information to a group of men capable of profiting from any disclosure.
Around the conference room table were a dozen or so hedge- fund managers and other Wall Street executives -- at least five of them alumni of Goldman Sachs Group Inc. (GS), of which Paulson was chief executive officer and chairman from 1999 to 2006. In addition to Eton Park founder Eric Mindich, they included such boldface names as Lone Pine Capital LLC founder Stephen Mandel, Dinakar Singh of TPG-Axon Capital Management LP and Daniel Och of Och-Ziff Capital Management Group LLC.

After a perfunctory discussion of the market turmoil, the fund manager says, the discussion turned to Fannie Mae and Freddie Mac. Paulson said he had erred by not punishing Bear Stearns shareholders more severely. The secretary, then 62, went on to describe a possible scenario for placing Fannie and Freddie into “conservatorship” -- a government seizure designed to allow the firms to continue operations despite heavy losses in the mortgage markets.

Stock Wipeout

Paulson explained that under this scenario, the common stock of the two government-sponsored enterprises, or GSEs, would be effectively wiped out. So too would the various classes of preferred stock, he said.
The fund manager says he was shocked that Paulson would furnish such specific information -- to his mind, leaving little doubt that the Treasury Department would carry out the plan. The managers attending the meeting were thus given a choice opportunity to trade on that information.

http://www.bloomberg.com/news/2011-.../how-henry-paulson-gave-hedge-funds-advance-word-of-2008-fannie-mae-rescue.html

 

I haven't heard anything about Congress holding hearings on this.



http://www.bloomberg.com/news/2011-.../how-henry-paulson-gave-hedge-funds-advance-word-of-2008-fannie-mae-rescue.html

Amazing isn't it? The government has gotten so corrupt I don't even know where to begin to start cleaning sometimes.

 

Wow...money laundering-illegal weapons sales to drug cartels....sounds like a RICO indictment to me..BUT WAIT...this is the US Gov't doing it...HMMMM..yep,still sounds like a criminal enterprise...

 

this is the US Gov't doing it

the Fed had committed $7.77 trillion as of March 2009 to rescuing the financial system

The Federal Reserve is NOT a part of the Govt.
It's a private bank
They don't have to have permission from Congress to make loans.

Nothing has been shown to prove the funds being discussed came from the Govt

The Federal Reserve System has both private and public components, and was designed to serve the interests of both the general public and private bankers. The result is a structure that is considered unique among central banks.
It is also unusual in that an entity outside of the central bank, namely the United States Department of the Treasury, creates the currency used.[11]

According to the Board of Governors, the Federal Reserve is independent within government in that "its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government.

http://en.wikipedia.org/wiki/Federal_Reserve_System

 

LOL... just plain LOL. OK BFF, in your estimation - how much will they place upon your shoulders until you say, "This just ain't right"? There are some that are trumpeting this corruption to the sleepy heads and other that back their plays. I've known something was wrong since the middle of the '90s but was never smart enough to see the big picture, some here are opening my eyes but it really doesn't matter as it will all come out in the wash, I'm willing to trust in Him because it appears that His word has already covered this issue...

 

LOL... just plain LOL. OK BFF, in your estimation - how much will they place upon your shoulders until you say, "This just ain't right"?

As I stated, nothing has been shown that says the funds being discussed were GOVT funds.

What the bank does with IT'S money is none of my business

 

As I stated, nothing has been shown that says the funds being discussed were GOVT funds.

What the bank does with IT'S money is none of my business

And, they are quite happy you feel that way.

 

And, they are quite happy you feel that way.

In fact, they're banking on it. :drum:

 

The Federal Reserve is NOT a part of the Govt.
It's a private bank
They don't have to have permission from Congress to make loans.

Nothing has been shown to prove the funds being discussed came from the Govt



http://en.wikipedia.org/wiki/Federal_Reserve_System

As I stated, nothing has been shown that says the funds being discussed were GOVT funds.

What the bank does with IT'S money is none of my business

I can understand that point of view, that the government or anyone else for that matter, should be concerned what a private bank does.
And if that were 100% true, you'd be right.

Leaving aside the fact that when it was created in 1913, the starting capital for the Fed came from the U.S. Treasury (our money), since that money is ancient history, I'll jump to this century.

It would take about half a day and half this thread to provide and detail all the links that would prove why it is our business, but here's a start.

http://corporate.cqrollcall.com/files/documents/ConferenceSummary_Sample.pdf

Add to that some of your link on TARP from wikipedia and 2 very important pieces of legislation. Make that 3.

The repeal of Glass-Steagall
The Volcker rule.
HR. 1424

There is enough right there to make a very large, boring book, lol.

What happened in 2008 and 2009 was the rules were changed. And in the opinion of the Fed chairman and the Secretary of Treasury, they HAD to be changed. (too big to fail)
At that moment in time, many of the financial institutions that ended up getting TARP funds, simply weren't allowed to borrow money directly from the Fed. Only banks are allowed to do that.
Hedge funds, insurance companies, car finance companies, private mortgage lenders, etc. were legally not allowed to get that money at that low interest rate.
To further complicate things, since the constitution only authorizes Congress to print money, which they abdicated to the Fed, they had to circumvent the constitution in HR 1424 to allow these non-banks to borrow tax payer money, which by printing it causes us inflation, to prop up financial institutions, who were then supposed to loan us (individuals and small businesses) our own money at a higher rate so they could make the profit.
They've been doing this with the commercial banks since 1913. In 2008, it got a whole lot deeper.
I haven't even touched on how the prime rate set by the Fed affects everything from credit card rates, savings interest, COLA for Social security and the income tax rates we all pay. And don't get me started about the whole thing really only being backed by our 1.5 trillion personal and corporate 1040's every year because there isn't enough gold in Fort Knox to even make a minimum payment!
So yes, if it was just a private bank, with none of my backing and it didn't affect me, you, our families, business and the whole country, I'd say "whatever".

 

"Permit me to issue and control the money of the nation and I care not who makes its laws."— Mayer Amsched Rothchild

Here we are.

Even though the business of the huge power behind the banks which are behind the governments HAS become ours, by force and by invitation via contract..... we are far too small potatoes to do anything about it, now.

It does make interesting debate fodder, but you'd better be quietly honing multiple survival skills when no one is looking.

Look at the reality of it..... military and police are there to keep the money elite in power. They aren't there for you. Never have been.

FWIW, the Bible talks about carrying/utilizing just weights and measures. That could easily be taken to mean buy your goods with substance, (gold, silver, copper, ducks, firewood, sweat, etc.) and not with some third party's paper broken promise to pay.
Maybe that admonition was meant to keep us from becoming slaves to the liars by discouraging us from making use of their lie for our benefit.

 

thank god clinton signed the financial reform act of 1999(or 2000) that made the too big to fail banks possible

 

Does this remind anyone of those sy-fy movies where the black particle of distruction that will suck in the whole world if it grows too big, is eating electricity/power and traveling the power lines - and the military wants to shoot nuke, etc in and the hero always tells them it will just feed it and make it grow larger that much faster - that the power has to be bled off to contain and kill it.

That's what this sounds like to me.

But then there's the guy guy who says "Whatever you do, DON'T CROSS THE STREAMS! It would be bad."

Then what do they do when they're backed up against a corner? THEY CROSS THE STREAMS!