Forum Post: ** A little History of what got us here... (Published in 2009)
Posted 13 years ago on Oct. 18, 2011, 1:18 p.m. EST by Marlow
(1141)
This content is user submitted and not an official statement
.. and nothing has changed..THAT's What the OWS is working to fix.
"...March , 2009
New York Attorney General Andrew Cuomo, building on his investigation of American International Group Inc.'s bonuses, subpoenaed data on credit derivatives to determine whether Goldman Sachs Group Inc., Deutsche Bank AG and other banks improperly received taxpayer funds. "Our investigation into corporate bonuses has led us to an investigation of the credit-default swap contracts at AIG," Cuomo said yesterday in a statement. "CDS contracts were at the heart of AIG's meltdown. The question is whether the contracts are being wound down properly and efficiently or whether they have become a vehicle for funneling billions in taxpayer dollars to capitalize banks all over the world." AIG's Financial Products, the unit that sold credit-default swaps blamed for crippling the company, has been under fire after paying out $165 million in retention bonuses this month while its parent company was taking taxpayer bailouts valued at $182.5 billion. Lawmakers led by Elijah Cummings, a Democrat from Maryland, in a letter dated March 25 called for a federal probe into whether banks received more funds than necessary from the AIG bailout. The banks got about $50 billion in payments tied to swaps. Nobel Prize-winning economist Joseph Stiglitz also has said AIG's settlement of credit-default swaps following its bailout by the U.S. Government looks like "grand larceny."..
....The hedgefund, Silver Point, ISEG, Finra, Cincinnati Banking Group, Nasdaq, and the REST of them,
Violating the Laws at every turn.
Had the Last two Administrations investigated
The Worldcom and Enron , Then..Abramoff crimes..
Overstock would not have had to fight for their
Business.. The SEC would have done a better job, Congress would have pulled their Heads our of their collective 'Sun don't Shines'..AND..
The Sub prime Debacle would have been a foot note in history.
But They DIDN'T.. They became PART of the Problem by Attacking the Wrong Country so that Haliburton Could become Richer, making CHENEY Richer.. And Giving them Sole Bidding on Govn't Contracts..
( Corruption..)!
It began at the TOP.. And the Crooks saw an opportunity to take a Free ride on the
'CRIME TRAIN!' Heck.. No one Stopped them until the Harm was done..
EVEN today!.. We see Congress Playing Dumb!
Investors4Justice.net Editor has been speaking with Financial message board Posters who for years, has been outraged regarding the lack of the SEC doing their job..and trying to make a difference.." This Was published along with a List of ''FACTS" about Goldman Sachs and the Crimes of the Big Ten Banks, in 2009.
There is Now a Petition authored by the Editor and other researchers that have experienced first hand the Crooks trying to stop Independent On Line Retail Investing. Seems we have Cut into their Profits!~...
The OWS is working to get this Petition to the Protestors... in All States... (TY OWS.. for Everything! ..Marlow/Sky
http://www.thepetitionsite.com/8/stop-the-corruption-on-wall-street/
Thank You Munny! Here is another Tid bit that this forum and the World should know about.. it connects how, and Why we have been kept in the Dark.. I will Post it as a thread in Title, if need be... ..
.."Anyone making over 250k, should pay More..
Yearly taxes for the 1% Wealthy is to us ..the same as buying a Mars Bar.
Here's some Back up info: Reagan stopped free tuition to State and Community college. Education was one of the First Cut Backs in a dwindling economy.
Next was the Lobbying by the Health Insurance Creeps to HMO everything, allowing the door to open to Medicare Scams..
Then, medicare Premiums were raised due to those scams.. by nearly 50%.
A short time later.. the Housing Bubble was Created to Bring in piles of money to the GS Coffers and all their Banks.. while Bankrupting the Mortgage companies and Reeming Investors.
See the Pattern for World Government Control?
Keeping the commoners uneducated, obliged to the wealthy for ANY Job, In the state of physical deterioration.. and homeless.
..It's as if Someone has a list they are checking off to fulfill a Certain Goal!
(Note**) For those in favor of keeping the Cuts for the Wealthy, think about this:
The Rich grow Richer off the Backs of the poor. Which USED Be the Middle Class.
(Posted on the Siri Finance Message Board 2010, which Yahoo Censored... By Marlow/ sky_s_clear)
* ! Second Demand AFTER we get the Bank's involvement with Mortgage Fraud by swapping the mortgages for Insurance Profits... is:
To Get those Investment Banks REGULATED!. Insider Trading is rampant. ! AND, to Remove the the Goldman Sachs Private Trading Program installed at the NYSE..which is even MORE Control by Graft and Collusion of market Feeds to the Streets.. REMOVING THE TRADING PROGRAM.. will allow the UpTic Rule to re-instated in FULL!
...THESE are NOT just 'ideal'..THESE Demands were Once a Part of our Society's HONOR in Fair Trading!
Greed Breeds Insanity!
Bump for informed comments...
Bumpers!
I've bookmarked it. Others should do the same.
Tried to Thank you on a reply above...
Bump for those who missed this... ( the 'Petition' Link)
Looking for Replies here..... I KNOW you have a minute to read it..!