Showing posts with label scam. fraud. Show all posts
Showing posts with label scam. fraud. Show all posts

Tuesday, March 22, 2011

US government turning into corruption machine

We are seeing it more and more everyday.  The government is becoming a virtual cesspool for criminal activity.  The current adminstration is behaving more like an organized crime ring that a government for the people by the people and of the people.  The Adminstration, along with banksters, seem unconcerned about any shady or underhanded activity.  It is as if they know they have immunity for anything they do to stick it to the American Middle class. 

Everyday they get more and more brazen.  Evidently they are lost in their own elitist world and beleive they can get a way with anything these days.  America voted in change they could believe in with the smooth talker who has never been a leader, never been challenged and extremely inexperienced.  We have seen lack of leadership and lack of direction since day one.  As we were suffering catastrophic job loss Obama pushed hard on health care instead of getting jobs for suffering people.  Whether you are for or against health care reform, it has to be a back seat to growing the economy and giving people jobs. 

Both the Republicans and democrats succeeding in destroying the American Dream of millions of Americans.  But that was not enough because now they are working on destroying the American dream for future generations and quite possibly for good. 


Here is a blurb from the full story at Naked Capitalism.  See below for link to the site. 
"Sleaze Watch:
NY Fed Official Responsible for AIG Loans Joins AIG As AIG Pushes Sweetheart Repurchase to NY Fed

The corruption in high places is getting more and more brazen with every passing day. The only thing that separates the US from conventional banana republic status is that no one leaves keys to new luxury cars on the desks of officials to secure their cooperation. It’s just not enough of an inducement to get anyone to take action.
Masaccio at FireDogLake was suitably outraged at this spectacle of a regulator getting a job with the biggest lobbying group in the industry he regulates…..and staying in his current oversight role:"
READ More on the Government Sleeze Factor Here at Naked Capitalism















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Sunday, March 13, 2011

A Reason to Stop Banking with Wells Fargo « naked capitalism

A Reason to Stop Banking with Wells Fargo « naked capitalism

This is a great story and certainly lays out a great case for not banking with Well or with anyone TBTF bank. All the TBTF banks are full of hypocrites and liars who never get questioned by the media or the government. The scam that was called a bailout of AIG was a complete fleecing of the taxpayer to benefit all large banks including JP Morgan , BOFA, Wells, Goldman Sacs and on down the line. We bailed out the banks once and then lined their pockets with more cash when we bailed out AIG so they could pay all the CDS they over sold to the TBTF banks. Now the banksters won't even work with homeowners that want to stay in their homes and they say it wouldn't be fair. EXCUSE me! What was fair about the bailouts that every single major bank took, even the ones that said the "didn't need it" of course. The allowance of accounting trickery to let the banks survive and dump all the burden of capital losses on to the homeowners. Congress failed to stand up to the banks and now it looks like the AGs are going to let the banksters off the hook too.


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