Are we all Madoff's clients now?

[Zebo]

If you thought Madoff was big it aint shit. Posted already Blacks interview how banks are defrauding tax payer with help of Obama and his den of MBA thieves. The current cover up of buying up toxic debt so banks can show 'profits' and the market sucks people back in just may be the Mother of All Madoffs according to Soros and others.

Then we have to ask the question how can we, the taxpayers, pay off these bankers bonuses and non-bailouts as jobs are being cut by the thousands everyday around the nation? As businesses and municipalities go bankrupt leading to less tax payers still? As U6 unemployment reaches 20%? As the bankers we bailed out, as if saying FU dipshits for our mistakes, are raising our interest rates and refusing to lend? Not very stimulative if you ask me?

Billionaire investor George Soros has warned that bailing out banks could turn them into ?zombies? that suck the lifeblood of the American economy, which he predicted is in for a ?lasting slowdown?. He also cautioned that the recent rise in global stockmarkets is a ?bear market rally because we have not yet turned the economy around?.

Soros stressed that restoring health to the ?basically insolvent? banking system and the housing market is key to any recovery. The public-private investment funds introduced to rid US banks of bad debts will work but won?t be enough to recapitalise the banks so they can start lending again, he said.

?What we have created now is a situation where the banks will be able to earn their way out of a hole but by doing that, they are going to weigh on the economy,? Soros said. ?Instead of stimulating the economy, they will draw the lifeblood, so to speak, of profits away from the real economy in order to keep themselves alive.?

Analysts agreed that the financial system remains a problem and thought recent optimism that the worst may be over was overdone. ?The market?s stance on banks had been too optimistic recently,? said Nagayuki Yamagishi, a strategist at Mitsubishi Securities in Tokyo. ?Some large US banks have already passed stress tests, but others haven?t, and given that results are coming up soon, this simply reignited investor uncertainty.?

http://www.guardian.co.uk/busi...rge-soros-zombie-banks

 

[First]

Wells Fargo and Citigroup have reported profits in the billions so the doom and gloom about zombie banks makes little sense unless lending stays this tight, well, forever. Which of course won't happen since banks have every reason to lend out dollars when they see signs that other parts of the economy and jobs are significantly recovering, which could take another 9-18 months. Hard to argue they should let them fail when, for one, letting Lehman fail was an utter disaster, and two, letting these financial institutions fail means letting businesses with legitimate products and in completely unrelated industries fail because they suddenly can't continue to receive their short-term loans. You don't throw the baby out with the bathwater. Though you might if you didn't know where babies come from.

 

[Zebo]

Those billions in profits are all fictional though, brought about by writing down assets (bad loans they made) by selling them to the tax payer whilr keeping the 'good for now' ones. The same tax payer who is losing his job or getting his salary cut 40% who will be unable to pay the current bank loans he has next time around. Then again gets sold to government, and so on, till they can't buy no more 'assets'. It'd an unsustainable PONZI scheme no way around it.

 

[gingermeggs]

Indirectly yes, as someone must! pay for the big end of towns losses- and it sure as hell ain't them! maybe they will be publicly compensated! to shore up wall street......O'cource
maybe a bail out job!

 

[smack Down]

Originally posted by: Evan
Wells Fargo and Citigroup have reported profits in the billions so the doom and gloom about zombie banks makes little sense unless lending stays this tight, well, forever. Which of course won't happen since banks have every reason to lend out dollars when they see signs that other parts of the economy and jobs are significantly recovering, which could take another 9-18 months. Hard to argue they should let them fail when, for one, letting Lehman fail was an utter disaster, and two, letting these financial institutions fail means letting businesses with legitimate products and in completely unrelated industries fail because they suddenly can't continue to receive their short-term loans. You don't throw the baby out with the bathwater. Though you might if you didn't know where babies come from.

AIG getting a fist full of money and then handing it to banks is not profit, that is called fraud.

 

[First]

Originally posted by: smack Down

Originally posted by: Evan
Wells Fargo and Citigroup have reported profits in the billions so the doom and gloom about zombie banks makes little sense unless lending stays this tight, well, forever. Which of course won't happen since banks have every reason to lend out dollars when they see signs that other parts of the economy and jobs are significantly recovering, which could take another 9-18 months. Hard to argue they should let them fail when, for one, letting Lehman fail was an utter disaster, and two, letting these financial institutions fail means letting businesses with legitimate products and in completely unrelated industries fail because they suddenly can't continue to receive their short-term loans. You don't throw the baby out with the bathwater. Though you might if you didn't know where babies come from.

AIG getting a fist full of money and then handing it to banks is not profit, that is called fraud.

No, it's profit, and it wasn't coming from AIG. Read up kiddo.

 

[Nemesis 1]

Originally posted by: Zebo
Those billions in profits are all fictional though, brought about by writing down assets (bad loans they made) by selling them to the tax payer whilr keeping the 'good for now' ones. The same tax payer who is losing his job or getting his salary cut 40% who will be unable to pay the current bank loans he has next time around. Then again gets sold to government, and so on, till they can't buy no more 'assets'. It'd an unsustainable PONZI scheme no way around it.

Well zebo I been watching your post. You really do know something is Bad wrong. My question is this. Knowing what you know. You could play this both ways. You can turn this into a mountain of resources or you can try and help your fellow man . For me this choice came alot harder than one might think.

The choice is right vs. wrong.

If what you been saying the last 6 months is reasonably true. That also means you believe deep inside yourself their is a conspirecy. That would also mean you know these people have the power. Were as we have little. They are protected by secret laws made just for them . A multinational company is actually excused from being charged with treason . BEST EXAMPLE BANKS. If you really want to know and see . Just research the bank of england. You won't have to learn anything Else Know the BEAST!

Point is Zebo. I made my decision . I believe they will bring their one world system . I also believe as they gain power. People who post on the net or talk in public against them . Have forfeited there lives. When they grab power OPENLY!

If everthing you been saying and thinking is true Zebo . Think deeper. If it is true. You maybe putting yourself and family at risk. I love your post and others like it . But beware. If what us corn balls believe is right. YOU are at risk . I just want ya to think about this . Becareful.

 

[Nemesis 1]

Its funny what they teach in school . It really is. ABE. Whats ABE known for really? Slavery issue.

This is just so wrong. Get the facts. Learn about MR. SIR. Honorable ABE. THats about as high of praise I can give a man.

Understand the Money system abe introduced. It was not bad . not bad at all. This would work right know. Except we don't have that Gold that suppose to be in Knox. Bank of England has . Which means Rothschild has the GOLD.

If we had that GOLD. WE wouldn't have this debt. NOW would we.