Submitted by: Donald Hank
Geithner and the Fed just cheerfully lent Europe $200 billion of your children's money to Europe, and as the article linked below suggests, the Europeans may default on that.
Something to think about: Since it was US banks that triggered the European crisis by selling their banks bad bundled mortgages given by our banks as part of a Marxist plan (supported by Bush, Clinton, etc) to provide housing for everyone, including illegal aliens, then US banks DO owe Europe.
But since you and I did not cause this debacle and did not profit from it, then how come WE owe them?
Trusting scoundrels and then, when it is clear what they did, failing to demand accountability (arrest, arraignment, prison), makes us somewhat guilty too.
Unless, of course, the public wises up and starts demanding accountability, of both banks and government officials involved in this crime. (BTW, if you're not calling it a crime yet, then maybe you will get what you deserve).
Nonetheless, Squeezing tax payers to help deflect blame from the culprits hardly seems appropriate.
Let's start demanding accountability: arrests, due process, prison sentences as appropriate, for those who knowingly bundled and sold bad mortgage securities and thereby plunged the whole world into an economic crisis that is reducing the middle class everywhere.
Because if we don’t demand accountability, then we too are accomplices and will pay -- even more than we have so far.
Know anyone without work?
It's only the beginning.
Don Hank
Step Aside BBC "Trader": Head Of UniCredit Securities Predicts Imminent End Of The Eurozone And A Global Financial Apocalypse
ZeroHedge
Excerpt:
Among the stunning allegations (stunning in that an atual banker dares to tell the truth) are the following: "the euro is "practically dead" and Europe faces a financial earthquake from a Greek default"... "The euro is beyond rescue"... "The only remaining question is how many days the hopeless rearguard action of European governments and the European Central Bank can keep up Greece's spirits."...."A Greek default will trigger an immediate "magnitude 10" earthquake across Europe."..."Holders of Greek government bonds will have to write off their entire investment, the southern European nation will stop paying salaries and pensions and automated teller machines in the country will empty "within minutes." In other words: welcome to the Apocalypse...
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