Showing posts with label Banks robbing us. Show all posts
Showing posts with label Banks robbing us. Show all posts

Wednesday, July 27, 2011

INSTEAD OF SOMEONE ROBBING BANKS ARE THE BANKS ROBBING US?

Submitted by: Donald Hank


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?