The $200 billion bail-out for predator banks and Spitzer charges are intimately linked

[AlphaOmega7]

Got this from Michael Savage.com. It seems like Savage and Glenn Beck are the only ones who are not in denial about what is going on. Really good stuff. Stuff you won't see on the golfer's radio program, or wallbanger, or the leprachaun's as well

The $200 billion bail-out for predator banks and Spitzer charges are intimately linked

by Greg Palast

Global Research, March 14, 2008
GregPalast.com

While New York Governor Eliot Spitzer was paying an "escort" $4,300 in a hotel room in Washington, just down the road, George Bush's new Federal Reserve Board Chairman, Ben Bernanke, was secretly handing over $200 billion in a tryst with mortgage bank industry speculators.

Both acts were wanton, wicked and lewd. But there's a BIG difference. The Governor was using his own checkbook. Bush's man Bernanke was using ours.

This week, Bernanke's Fed, for the first time in its history, loaned a selected coterie of banks one-fifth of a trillion dollars to guarantee these banks' mortgage-backed junk bonds. The deluge of public loot was an eye-popping windfall to the very banking predators who have brought two million families to the brink of foreclosure.

more...http://www.globalresearch.ca/index.php?context=va&aid=8336

[Waiting...]

I just don't get it. And the market surges over 200 points today. So far, it seems that someone is propping up the markets and will "never" let them crash. False security continues.

[SummerSailing81]

You know, I have just decided that I am not going to waste my time or lose sleep to go and vote in November. ALL politicians are corrupt - ALL of them - they have to be because that's the nature of the beast. They are there for the highest bidder and the citizens of this country have only one meaning to them and that's to get votes from us so they can be put in office and rake in the money and drown themselves in the power! They will sacrifice the middle and working class and walk over our dead bodies to make the rich - and they're ALL included in this group - even richer. They'll also do anything to keep these crooks out of jail. I'm sick of this! I'm sick of the greed in this country where people will do ANYTHING to anyone to make a buck!! I CANNOT WAIT FOR JESUS TO CALL US HOME! I am so ready to leave this evil mess behind!!!!

[Issachar]

So SummerSailing81, how do you really feel? :)

Mankind is born corrupt and when they grow up and don't know Christ, they remain corrupt.

The NWO construct is in full gear.

Issachar

[Waiting...]

So SummerSailing81, how do you really feel? :)

Mankind is born corrupt and when they grow up and don't know Christ, they remain corrupt.

The NWO construct is in full gear.

Issachar

That is what I was thinking Issachar. Someone has to be leading all of this (more likely controlling).

[I'm all 67X]

That is what I was thinking Issachar. Someone has to be leading all of this (more likely controlling).

It does seem too perfect, doesn't it? I'm not voting either, because there will be no need at this rate. It seems like it's time to dig in. Let's see what the weekend brings...

[Kelly4C]

Here's a letter by Spitzer written last month about this very thing:


Predatory Lenders' Partner in Crime
How the Bush Administration Stopped the States From Stepping In to Help Consumers

By Eliot Spitzer
Thursday, February 14, 2008; Page A25

Several years ago, state attorneys general and others involved in consumer protection began to notice a marked increase in a range of predatory lending practices by mortgage lenders.....Some were misrepresenting the terms of loans, making loans without regard to consumers' ability to repay, making loans with deceptive "teaser" rates that later ballooned astronomically, packing loans with undisclosed charges and fees, or even paying illegal kickbacks. These and other practices, we noticed, were having a devastating effect on home buyers. In addition, the widespread nature of these practices, if left unchecked, threatened our financial markets.


http://www.washingtonpost.com/wp-dyn/content/article/2008/02/13/AR2008021302783.html

[inhisglory2007]

You know, I have just decided that I am not going to waste my time or lose sleep to go and vote in November. ALL politicians are corrupt - ALL of them - they have to be because that's the nature of the beast. They are there for the highest bidder and the citizens of this country have only one meaning to them and that's to get votes from us so they can be put in office and rake in the money and drown themselves in the power! They will sacrifice the middle and working class and walk over our dead bodies to make the rich - and they're ALL included in this group - even richer. They'll also do anything to keep these crooks out of jail. I'm sick of this! I'm sick of the greed in this country where people will do ANYTHING to anyone to make a buck!! I CANNOT WAIT FOR JESUS TO CALL US HOME! I am so ready to leave this evil mess behind!!!!

Well, that's the nature of a capitalist economy. Greed is the motivator of a Capitalist society. Learned that in economics when I was in college.

[logosone]

SummerSailing81, Thank You! couldn't say it better. It's all a thinly veiled guise. Just a casual glance at Hillary Clintons over-the-top motivations is enough to make anyone violently ill.

[DavidNR]

Here's a letter by Spitzer written last month about this very thing:


Ahhh, Eliot. Had you only not had your "problem" with women...