The below linked film trailer is a glimpse of what was happening, and is still happening in banks today as they literally rob you of your sustenance -- instead of going to jail as you would had you done the same.
This film is about Lehman Brothers, but most major banks did at least some of this. What did they do, you say? When it became apparent that the housing market was going to crash and their mortgages would be worthless, they bundled them in "securities" and sold them with a few good ones in the top tranche, a few medium grade in the middle tranche, and the vilest, most worthless ones in the bottom tranche, creating a deadly cocktail destined to poison the world's securities market. The net result? Look around you. Know anyone who can't find a job?
And what did government do, in view of trillions upon trillions of newly created debt that exceeded the GDP of the entire world?
First, they robbed you to pay the fraud perpetrators (bailout).
Then they fined some of the worst offenders, instead of charging the authors of the crash with the crime of fraud that they had indeed committed.
The government-business coalition we now call "corporatism" was once more aptly named "fascism." The ideology behind it, which led banks to lend to the insolvent without requiring a down payment or proper credit documentation (Clinton and Bush pushed this idea very hard, strong-arming lenders into "helping underserved communities"), is now called "distributism" instead of the older denomination "communism."
Think about it, Americans: You keep saying this is a free country.
It can start being free. If you stop saying that and help get the word out. And while you're at it, stop saying communism is dead. Thank you.
Our entire world is teetering on the brink of insolvency and a sly coterie of unscrupulous bankers and their enablers in government made it happen.
Are you mad yet?
Mad enough to do some study and forward the results to your friends?
A good place to start your study is a subscription to FedUpUSA daily alerts. There is more in one issue than in a 10 year subscription to the feel-good Wall Street Journal.
Don Hank
Coming in October, 2011. While they don’t come right out and say it, this is the story of the collapse of Lehman Brothers. A must-see for anyone who wants to further understand the massive and immense amount of fraud that took place in our financial industry over the past decade (and is still taking place today).  |
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