Sunday, March 07, 2010

LOSERS SCHOOL OF GOVERNANCE ROLES ON IN WASHINGTON, D.C.—especially in Response to Banking and Finance Abuse and Crimes this past Decade

LOSERS SCHOOL OF GOVERNANCE ROLES ON IN WASHINGTON, D.C.—especially in Response to Banking and Finance Abuse and Crimes this past Decade

By Kevin Stoda


Parasitic financial firms like Goldman Sachs are still making money off of sleazy bank and financial instruments. I was listening to the COUNTER-SPIN story with Mary Bottari on the first congressional bill to try and do something this weekend demanding that a variety of credit-default swaps, currency swaps, and other derivative & treasonably fungible activities in finance and banks in America be banned ASAP.

http://www.fair.org/index.php?page=4036

Apparently, Goldman Sachs, which helped create the debt crises some years ago only to then make billions by betting on the COLLAPSE of housing market (i.e. house of cards) through the what-should-be-illegal derivative swapping, is continue to make big money in Greece by betting on that country’s financial collapse. It is doing so with the same sort of derivative-swapping that the US Congress and Obama Administration have done nothing to prohibit over the past two years.

http://www.prwatch.org/taxonomy/term/725

In her blog, Mary Bottari has noted, “The steady stream of revelations regarding the role Goldman Sachs has played in the fleecing of Europe should reinvigorate efforts in Congress to rein in the reckless trading that could send the global economy into another tailspin.” However, on Counterspin, Bottari was very skeptical about the U.S. doing what is right to protect those badly hurt by treasonous activities of a company, like Goldman Sachs.


“To recap, Greece and a number of other European Union countries are dangerously in debt. EU rules say member countries cannot have budget deficits that exceed 3 percent of their gross domestic product (GDP). The Greek government recently revealed that its debt is closer to 12 percent of GDP. Other countries including Spain, Ireland, Italy and Portugal are also in trouble. Like our behemoth banks, these countries are “too big to fail.” A default by any one of them would put an end to talks of “green shoots” and could lead to a double dip recession.” In short, the USA’s neglect to punish BAD & EVIL BANKERS is continuing to stop global recovery.
What a Loser Government, eh?

Not only should the U.S. be protecting its citizens and worldwide economic recovery, but it should be punishing, fining and arresting bad banks. Don’t you agree?

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