>>Culture of Corruption?
"Moses has been up on that mountain an awful long time; he and his God must be dead - so hey, let's throw all our Gold into the fire and worship what comes out!"
It's a Ba'al out, get it? Badumpump.
Posted on 06/16/2010 6:06:52 AM PDT by SonOfDarkSkies
Edited on 06/16/2010 6:08:26 AM PDT by Admin Moderator. [history]
Those prescient enough to have bought gold at $280 welcome this brilliant stroke...
If you would have told me this would happen 4 years ago I would have said you are insane!!
So I take it they can’t soak investors any more, and so they are only left with taxpayers to soak.
Game over.
BTW, AIG is a similar situation. Most of the muni bonds and other bonds in the US are insured with AIG and if AIG goes belly up, you can't have these bonds floating around with no insurance. Sorta like when you cancel the insurance on your house with a bank loan still pending. They call the loan.
I was just commenting on Fannie and Freddy, but if you look at the debt clock.org, we already are on the hook for more money than is available on the Earth. It just hasn't come due yet. Our obligations are somewhere in the $100 trillion neighborhood. If Fanny and Freddie goes, we would have to refinance most of the real estate loans in the US. Heaven forbid if more people quit paying for their homes. You have to ask yourself what are the odds of people continuing to pay for a $300k home that appraises for $225k? I wouldn't.
Against Barney Frank? It's his fault but I doubt he has enough money to make it worthwhile.
FYI your info.
Maggief has some good data here.
The usual criminals.
“Consider how many shares are outstanding and what has happened to their value over the last two years. 1.2 Billion shares of which 15% are held by institutions have been turned to trash by OUR government! Their should be a moster class action shareholders’ lawsuit.”
Good! Shares of frauds and ponzi schemes shouldn’t be sold in the open market.
The left wing socialists and their mediot buddies will blame all of this on Bush.
About ten years ago, I sold all of our PimpCo funds which supported these frauds, and any of their so called AAA bonds. I also sold any mutual funds with a large % of these so called AAA bonds from Freddie and Fannie.
The Fannie and Freddie scams make Madoff look like a piker in the first grade of $crewthe Dumb American investors school.
Liberal frauds posing as investment advisors on tv and radio were pushing these bonds up to the meltdown and some probably even after the meltdown.
” The Fannie and Freddie scams make Madoff look like a piker in the first grade of $crewthe Dumb American investors school.
Liberal frauds posing as investment advisors on tv and radio were pushing these bonds up to the meltdown and some probably even after the meltdown.”
EXACTLY
“Franklin Raines should spend the rest of his life in the cell next to Bernie madoff.
Jamie Gorelick should be on the other side.
Add Blarney Maggot Frank and Liar Dodd to that list.
Put the five of them in the same cell and allow the various prison gangs to have their way with them 24/7 except for Blarney Maggot Frank, he would enjoy that. So he would have watch from inside a small but strong cage.
If most politicians and the other people you mention in your post were held to actual legal standards, they would all be in prison. However, Goldman Sachs gets laws passed that the government borrows money and gives it to Goldman Sachs, and it's all quite legal.
“If most politicians and the other people you mention in your post were held to actual legal standards, they would all be in prison. However, Goldman Sachs gets laws passed that the government borrows money and gives it to Goldman Sachs, and it’s all quite legal.”
Amazing isn’t it. Of course anybody caught stealing a pack of lunchmeat from a 7-11 will go to jail.
They believed that their investment was backed by the full faith and credit of the American Government that could print money to meet it's obligations in ANY event!!! The "Money Talk" guru Bob Brinker talked and talked about this "save haven" for years and years!!!
Nailed it GD—F&F=fornicating US thru Fraud
Are there no investigators left? What about the FBI? How can this go on and nobody do anything about it?
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