Forum Post: Pray for Mercy - OWS
Posted 13 years ago on Oct. 30, 2011, 5:05 a.m. EST by henoktg
(66)
This content is user submitted and not an official statement
The Fed has wrecked the economy. Presently they are backing a BoA plan to transfer 70 TRILLION is junk derivatives from it's Morgan Stanley investment unit to its depository arm. http://current.com/1054ikc
Why? Doing so allow those junk derivatives to be backed by FDIC insurance i.e. the US taxpayer. JP Morgan is planning to do the same with 79 TRILLION is junk derivatives.. Rather than allowing these banks to die victims of their own greed and stupidity (that free-market thingy), Ben is behind a plan to to move them into a brand new mansion while leaving you and I in low income tenement housing (if we're lucky) or in the street.
If there was any such thing as a financial crime against humanity, this would fit the categor
I think that you post needs to get more attention. So I am bumping it up.
See Matt Taibbi's article in the Rolling Stone: http://www.rollingstone.com/politics/blogs/taibblog/owss-beef-wall-street-isnt-winning-its-cheating-20111025
This is a bleedy outrage!!! OWS needs to make a stink over this and protest in front of BOA and JP Morgan. These greedy pack of b's need to be called out on what they are doing.
Boycott these evil greedy banks/investment firms. They need to hear from the people--we are furious over this. God help us!!!