[quesney]

Dude, where's my country?

[quesney]

It seems like we’re waking up on a daily basis to ever-more evidence the country we all grew up in no longer exists.

[steveab]

Privatize the profit, socialize the losses. The new business model. Watch for new round of money printing.

[Puddleglum]

I may be wrong, but I seem to remember that this has ben known for some time. The home loans to bad credit/no credit customers were bundled and sold upstream to lots of foreign banks and insured by AIG - hence the AIG bailout “bailed out” big foreign banks. The article below gives some perspective - there are probbably more succinct ones out there:

http://www.thenation.com/article/153929/aig-bailout-scandal

[American Constitutionalist]

Hal Lindsey on the FEDERAL RESERVE

[Virginia Ridgerunner]

Explains THIS:

Treasury hiring FOIA officers 'to withhold information from release to public'

[speciallybland]

[Talf]

how much of this,
has been paid back?

[Diogenesis]

Umberto Calvini:
"The government bankers want to control the debt,
And whoever controls the debt, controls everything.
This is the essence of the banking industry,
to make us all slaves to debt."

[tutstar]

should never have happened

[MeneMeneTekelUpharsin]

This simply has to be untrue.

[WashingtonSource]

bump

[anglian]

The beginning of the end game…
Daniel Gros Stefano Micossi
20 September 2008

The largest European banks have become not only too big to fail but also too big to be saved. For example, the total liabilities of Deutsche Bank (leverage ratio over 50!) amount to around 2,000 billion euro, or over 80 % of the GDP of Germany. This is simply too much for the Bundesbank or even the German state to contemplate, given that the German budget is bound by the rules of the Stability pact and the German government cannot order (unlike the US Treasury) its central bank to issue more currency. The total liabilities of Barclays of around 1,300 billion pounds (leverage ratio over 60!) surpasses Britain’s GDP. Fortis bank, which has been in the news recently, has a leverage ratio of “only” 33, but its liabilities are several times larger than the GDP of its home country (Belgium).

Euro Banks Leverage/Ratio (total assets/equity

See authors calculations on data drawn from FT.com
http://www.voxeu.org/index.php?q=node/1669

[PGalt]

“Which Foreigners Got the Fed’s $500,000,000,000?” Bernanke: “I Don’t Know”

http://www.youtube.com/watch?v=n0NYBTkE1yQ

by MarketTruth
on Wed, 12/01/2010 - 17:32
#769946

Thanks to zerohedge poster, MarketTruth for the link.

[GlockThe Vote]

PONZI SCHEME NATION