W. House Knows 700b Bankbailout and 787b Stimulus a Scam & Fraud
The International Institute of Nonviolence
By: Rev. Jermano
See after article Story Update: This article was written in March, update is November 2009.
The White House knows the 700$illion Bank bailout and the 787$illion Stimulus package is a fraud and scam...big time. We thought 911 was one of the biggest crimes committed in the Nations financial district...well this crime just seems to be snowballing into a bigger and bigger boulder with unstoppable speed.
What is really clear is the fact that the 700 billion bank bailout and 787 billion stimulus is nothing but a scam and fraud in itself. Just what are the securites backing up those loans? Are they putting the White House property up for collateral? How about the Lincoln Memorial, or the Louisiana Purchase? It is nothing but rhetoric.....
...and all that money, nobody knows where it is, or who is getting what... And getting what is a real question...because how can they get something from nothing? The banks failed....and the government is giving them a loan based on what?
Where did 700 billion sum come from? How do they know that figure? They must have added up all the fake securites they pawned off and knew the real fall-out all along. Congress, and the Senate? Nothing but Con-Men in their own little club. The rules to be a member is be able to lie cheat and steal, and committ murder...
And what was this failed banking scam really all about? Pretty slick they think. But not slick enough for the Rev. So they created this manufactured banking crisis to put the pro-verbial pressure on Obama, tying his hands so he has no money to indict Bush and Cheney. They loaded up so many problems onto his docket he must take care of the American people first, so the entire Corporate Mongoose will not suddenly crap on them.
Pretty easy eh? Jack up housing prices, ok loans no matter who can't qualify, repackage loans and spread the virus to every financial institution in New York. Things will tank, but since they are the govenment they will come to the rescue. It is the same bs they pull around the world. Create the problem, don't take responsibility for it, and then come to the false rescue. Just like they did with Saddam. Give him all those WMD, entice him to use them, then have the government come in to the rescue....killing a million innocent Iraqis, and blame some boogey man goatherder in Afghanistan...because after all the Oil fields are the real banks in the world aren't they. Not Wall-Street.
ABC News: America's Bad Corporate News is reporting that the White House...whoever they are, whether Obama and his pal Tim Geithner and their ghost-operatives of the Bush crowd controllers are now talking about having the US Treasury buy up all the toxic debt. How convenient for AIG right? The very bums Obama was criticizing for getting their outlandish bonuses being paid by the American taxpayer, Obama now is offering one of the Corporate Mongooses the money in bonus's anyway by buying up their toxic debt. What a fiasco, a farce, a pompous jest.
According to administration and industry officials, the plan would rely on the Federal Reserve and the Federal Deposit Insurance Corp. to supplement the government's $700 billion bailout fund. The uproar over the millions of dollars in bonuses for employees at troubled insurance giant American International Group Inc. has dimmed prospects for getting more bailout money from Congress.
All they do is come up with one plan after another don't they? First it was a tax stimulus offered by the Bush Administration...a tax refund I never got. Then they said bailing out the banks would work, until Obama said, "well now we need a 787$illion stimulus." Now new Treasury Secretary Tim Geithner is saying they need to create a Toxic Bank, to buy up all the bad assets. This long list is evident this whole series of fixes they are staging is nothing but proof their bailout and stimulus are not going to work...making them a scam and fraud to the American people.
Geithner's plan will have three major parts:
—a public-private partnership to back private investors' purchases of bad assets. The $700 billion bailout fund would provide the backing. The government would match private investors dollar for dollar and share any profits equally.
-expanding a recent Fed program that provides loan for investors to buy securities backed by consumer debt. It's an effort to make it easier for people to get auto, student and credit card loans. The Term Asset-Backed Securities Loan Facility (TALF) program is getting up to $100 billion from the bailout fund; that money then is being leveraged to support up to $1 trillion in Fed loans. Under Geithner's plan for the toxic assets, part of that $1 trillion would now go to support purchases of banks' troubled assets.
—using the FDIC, which guarantees bank deposits, to purchase toxic assets. Officials said the agency would create special investment partnerships and then lend them money to buy up troubled assets.
These so called politicians in the White House just can't seem to find the real target from this concocted Republican Conspiracy. The target is Bush and Cheney. How about a loan Barack to forge ahead legal challenges to the Bush crooks and bring them to trial? Think maybe that if we put some bite in from the Justice system in order to make the financial system run; it would functionally get better?
From there we will see how Enron discharged, and by following the money trail, we can let those who have failed who helped Enron...stay in the dust bin for good. Because that is where they belong. What gets me is Obama is trying to save damn crooks, and he thinks that is fixing the problem. He is dead wrong. We need to kill the problem, not nurture them back to health so they can do more damage in the future.
If Obama does not recognize this...we are going to be witnessing the end to this happy go lucky hopeful lying Jester.. giving us his lies. and more of the Bush regime crimes.
Going forward is to create: The National Debt Insurance Complex. This complex works by getting US people to support NDIC . This Insurance uncovers the crimes committed and exposes the fraud, so Americans see the truth....
Obama needs to support NDIC. People who agree to this will be voluntarily providing monetary support to this Insurance company. Essentially we will divert Unemployment Insurance to this NDIC Insurance because NDIC purpose is to eliminate debt so jobs are created. If we have jobs a legal right by all Americans, what need to have Unemployment Insurance?
I also know FDIC.....is a farce, because where is the revenue that comes in to support it? In fact this Fake Insurance Shell or Shill of a Company is just a madeup organization...based upon bs rhetoric to get people to feel safe about their money deposited in the banks. If the people do not pay for it, how does it benefit them? It certainly did not stop the failed bank fallout.
How does FDIC help people when the Banks have collapsed?. It has no teeth...it is utter cacaphonous bunkum.
But NDIC is real, because people will be putting their money where the road meets the pavement....and this means security and a working force that prevents collapse and bank failure.
Creating a bank system that buys up failed banks is the wrong thing to do. They need to allow those banks to be buried.
We need to create new banks with NDIC. We start by Nationalizing all American property, which will establish a new real value economy. Whoever wants a loan it is based upon a planned repayment schedule. This assures the loan will be repaid. There is no risk involved.
When that asset is established we remove that value from the Nationalized Property values list. People who take out the loan need not pay interest but now pay what is called the premium to NDIC.
Banks will no longer have interest payments to make, but will have NDIC premiums to make. That money from the banks is no longer used as a profit maker, but used to work toward National Debt Reduction and National Debt Eliminiation.
That is the goal for banks to achieve Debt Reduction.
No Longer will the US suffer to the constraints of corrupt politicians, or letting banks have a free for all to destroy the values and lives of people who have worked their entire lives to build economic strength in the USA. No longer will the USA be subject to an economic down turn, or Recessionary or Depressionary Economic Conditions.
We now have the blueprint for America's Economic Stability in the world.
So Obama, you are either with us or against us.
How about it Mr. Geithner?
Or .................... more of the same American song and dances, like a dog chasing his own tail.
Story Update: Today is Nov. 21, 2009.
Tim Geithner and others regret passing the 700 billion bank bailout....fraud is what its called, and now they have 200 billion left over. Well give it back to the people...it's their money.