Thursday, December 8, 2011
Quelle Surprise! Banks Lied About Bailout Funds and Got $13 Billion in Profit from Them « naked capitalism
Quelle Surprise! Banks Lied About Bailout Funds and Got $13 Billion in Profit from Them « naked capitalism
Yes will not really much of a surprise here because it is clear that the banks lie at will to the government and to the American Public and they never suffer any consequences from their actions. As this article shows the banks actually profit from their fraudulent activity and lies. We have seen countless million dollar payouts and bonuses that were paid for by the American taxpayer and we have seen how the banks just keep rolling and just keep sucking up more and more public funds. The bailout of Europe is just another TBTF bank bail out for the US banks who are over their head in European Debt. Our country is run by criminals who are told what to do by the banking establishment and it has become nearly impossible to get a foot hold for any group discussing the change that is need for the USA to be a real democratic country. We are far from it now.
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this story continues to be unbelievable. It becomes more and more clear that the banking system is corrupt as Enron was if not more so. However, there are people in federal prison for crimes committed at Enron that were not nearly as egregious as what has gone on in the banking/governmental complex.
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