Dirty Rotten Scoundrels

The Banksters are at it again. Or maybe I should just say they're being caught again as the stealing never really stopped. Barclays who bought up Lehman Bros in 2008 is in the news for fixing interest rate at the European LIBOR. Same people who took down the American Financial Banks are up to no good at Barclays in London.
We here in America have not dodged the bullet.  In the news Chase Bank and JP Morgan Chase lost 6 billion in derivatives trading recently.  The amount of losses changes weekly and varies from 2 billion to 9 billion in estimates. Estimates are always used in the absents of knowing what your doing or unable to tell the truth. The 3 piece suit has become the uniform of a modern day Privateer. Pirates were all Privateers until the King dissolved the agreements and they chose a life of crime on the high seas. One day our King will also dissolve the current banking system and Bankers will return to being common thieves again. New York and its Financial Markets and Rating Agencies will slide into the Atlantic where it belongs.
If you remember Jamie Dimon and Company took over Bear Stearns in 2008 for the same scandal on a larger scale. Bank of America acquired the thieves at Countrywide and Merrill Lynch with funding provided from the corrupt New York Federal Reserve and imaginary instruments such as Maiden Lane LLC were conjured up to solve any accounting problems.
AIG the bag man who wrote unsecured insurance on Bundled Mortgage Securities announced today its suing the government over taxes paid way back in the 90's. You may remember this period as The Savings and Loan Fiasco or Read My Lips. Anyhow AIG who should have been declared bankrupt and liquidated was allowed to survive as an instrument to save what was left of our 2big2fail Banks who insured worthless mortgage securities with AAA ratings from our finest institutions Moody's and Standard and Poors equally corrupt. By funding AIG from funds from the US Treasury, the money would trickle down to Goldman, Chase, BoA, Citi etc etc etc. Even foreign Banks got money from the Fed via AIG.
This may all sound repetitious but, it is not. This is a new round of stealing with the Dodd-Frank Act and SEC watching. We were all promised a new law with greater authority at the Treasury Department would prevent the stealing by the suits. The truth is well documented in the F.C.I.C Financial Crisis Inquiry Commission implemented by Congress. Mitoosense reported on the FCIC back in January of 2011 for those who wish further information.
One cannot address dirty rotten scoundrel without mention to those who make it all possible. Barack Obama and the 112th Congress. Yep, they're all guilty. Starting with Barack Obama I remember back to his campaign of 2008. In the heat of the meltdown. In my memory the campaign of Hope and Change included tossing the Banksters in jail, return of manufacturing jobs from China, investment in green energy, creating high paying jobs with new technology. Ending of the Bush tax cuts and Patriot Act and   Border Control as a high priority to immigration. Stopping the insurance practice of pre-existing conditions and cancellation of policies to name just a few. Four years later the Hope and Change looks bad and smells worse. This is my blog so we work from my memory based upon what I heard and not everything that was said or claimed to have been said,
Not a single banker was thrown in jail. The Dodd_Frank Act was a band aid on a heart attack and regulates the citizens and validates Graham Leach Bliley, 2big2fail TARP and trickle down Reaganomics.
Obama has all but ignored his promise to return jobs from overseas. His administration bought Russian made helicopters and windmills from China. GM built new factories in China with money from TARP and Americans were handed out menial jobs caulking windows in urban homes that should have been razed. Obama pumped a half a billion into Solyndra only to see their products undercut by Chinese knockoffs in unfair US trade practices. Solyndra went belly up. No jobs and we bought windmills from China remember.
Obama extended both Bush Tax Cuts and Patriot Act. He has allowed the Bush Covert Immigration to continue allowing 22 million free ranging criminal aliens access to jobs and entitlements in America. His proposed Dream Act would simply allow citizenship to those who violated our laws the longest and provides for no control of the systemic issues. Obama and Attorney General Holder have sued states attempting to control the infestation and Fast and Furious gun walking sales of weapons to drug lords has made all of America unsafe.
The Obama Care is a failure on all levels. Beginning with being employer based, mandatory and unconstitutional in my mind. Americans should always have the rights to option out of bad program entitlements. If Social Security were optional the benefits would increase and cost would plummet if the money was chocked off by the consumer. Ditto for Health Care and Auto Extortion.
I'm sure that everyone is tired of reading this garbage and I am tired of writing about the garbage. The reason of coarse is nothing is done about the garbage. Same corruption year after year and nothing get done because we have more people stealing than working. Eventually the garbage will pile up to a level it cannot be contained. Economist agree we will slide of a cliff December 31, 2012. Comforting to note the Mayans were only off in their calendar by 10 days
Burma Shave