This article, Power and Politics, discusses the banking system realignments to destroy savings accounts owned by the people. The criminals on Wall Street have taken full control of the US government financial management, with blank checks written by a thoroughly intimidated Congress, deceived steadily and easily. Threats and intimidation are central to the successful coup. The Ponzi Scheme has been revealed, even as the frail and tattered Shadow Banking System has been revealed. The key to the bailouts is its continued "Top Down" approach, which favors the Ruling Elite and denies all but crumbs to the people, who have been subjected to a foreclosure revolving door on mortgage loan assistance. Since nothing has been solved from this approach, a total systemic breakdown is assured, whose climax will be the current Administration and the Wall Street executives in charge of the criminal syndicate riding off into the sunset in retirement with billions of taxpayer dollars.
Bush and his gang's parting gift: a final, frantic looting of public wealth.
US taxpayer money for bail-outs amounts to a strings-free, public-funded windfall for big business, and corrupt Congressional members.
It is a sickening thing to see happening now, this greedy raid all around. American men and women are dying in Iraq and Afganistan and other places around the world, the middle class Americans are losing their homes, savings, retirement funds and jobs, while Washington is engulfed in an obscene grab for the almighty "bailout" dollars".
Inflationary Holocaust - Jim Rogers - Dollar Collapse - America Bailing Out Wallstreet (Incompetents And Crooks) At The Cost of The People
The top-down approach used to by the Bush Administration and to date, by Obama and Congress aids the wealthy bankers, while the homeowners are left to fend for themselves. That aid is promised but rarely if ever arrives. The fundamental problem here is that billions are devoted to shore up insolvent banks, to redeem their worthless (or nearly worthless) bonds, and to give a giant pass to the criminal executives.
Despite Bernanke's efforts, borrowing from revisionist history, his liquidity is nothing more than bailouts at the top for the perpetrators of the housing bubble and mortgage scheme. The bank system benefits little inside the US walls of finance. A bottom-up approach might have had a chance to succeed, but a top-down approach is a sham. To expect a top-down solution that actually relieves the housing inventory log-jam is insane.
The American public has bought this stupid Republican idiocy 'Trickle Down' philosophy for years, learning nothing. Obama during his campaign, promised to "change" the direction of the trickle down legislation. But no change, instead we have the economy on the verge of collapsing. Short-term credit is being denied at key supplier intermediary steps, soon to result in recognized disintegration.
The primary practical objective of this corrupt trio (JPM, GSax, FDIC) is to avoid Credit Default Swap fires, which would bring an end to their reign of terror. The US economy failure is in progress and is unstoppable.
Obama claimed to have had a plan to stop the masters of deceit plan of "Buying the Titanic and Doubling Down on the Hindenburg, "and to put our economy on a track to recovery. However, what we got is; massive unemployment, a collapsing of the economy, Obama on a spending spree, the likes of which this country has never seen, Obama holding our national security hostage until he gets what he wants (amnesty for millions of criminals).
Between Obama, the Democratic Congress and Senate, the Unions, Wall Street, the Labor Department etc., the American people, Liberty, Freedom, the Constitution, or the Bill of Rights don't stand a chance of survival!
Congress