Thursday, October 20, 2011

Corruption in America meets the Light of Day

Today it appears the good guys are winning, two main financial stories involve BofA malfeasance being brought to light, from Reuters and Bloomberg, with commentary at Zero Hedge and Washington's Blog. There were a number of articles regarding the GAO report on the internal working on the Fed, one from Naked Capitalism which highlights the interconnection of those working at the Fed and banks receiving loans from the Fed. There were also articles outlining how Wall Street protestors should target the Fed and Bank of America over the transfer of derivative liabilities to the federally insured subsidiary from the non-insured entity.

Another article at Zero Hedge reports about the Massachusetts Supreme Court decision on Tuesday against the mortgage industry. It points out an interesting fact that 2/3 of all real estate transactions over the past five years were foreclosure related, the majority of those were cash deals. The article goes on the explain who is buying the property and how the middle class is being disenfranchised.

This ends one of two ways, in a society based upon individual freedom, or a police state based upon a totalitarian government. Until the fraud which caused the GFC of 2008 is prosecuted, and the TBTF elites are treated like the criminals they are, the protests on Wall Street and around the country, indeed, around the world, will continue. There are two many conflicts of interest, primarily in the US Congress for the current balance to be maintained. The federalists, central bankers, and globalists need to be thrown out of organized government, and held accountable for the ruin and destruction they've wrought world wide.

No comments:

Post a Comment