AT two-minutes into this video (part II of 3 in his appearance on the Jay Leno show last week), PRESIDENT Obama ADMITS: "MOST of the stuff that got us in trouble WAS LEGAL."
"MOST" Mr. President, IS NOT ALL!! YOU KNOW that there is FRAUD in those big banks' use of those BAILOUT BILLIONS, but you REFUSE to PROSECUTE A DIME of it!
(text Here- http://www.huffingtonpost.com/2009/03/20/what-obama-said-last-nigh_n_177401.html )
Indeed, in an display of sheer INSANE aloofness if not sheer arrogance, President Obama REFUSES TO RUN A SINGLE AUDIT, of a SINGLE bailed out bank - even though we, the taxpayers, NOW OWN _80%_ of AIG!!
Obama's being BLINDSIDED by AIG BONUSES, is a DIRECT RESULT of his _CRIMINAL NEGLIGENCE_ in REFUSING to DEMAND TOP-DOWN, BOTTOM-UP AUDITS of a company that he is now (in effect, as president of the United States), the CHAIRMAN of a WHOLLY OWNED SUBSIDIARY COMPANY of!
Mr. Obama, THREE TRILLION DOLLARS of TAXPAYER DOLLARS used to BOLSTER BANK BALANCE SHEETS, when the "BAILOUTS" were SOLD to Congress as a means to "BUY OUT TROUBLED ASSETS," - - - IS FRAUD!
NOW - FIVE MONTHS LATER, YOUR Treasury Secretary, Tim Geithner, is TAKING UP where BUSH's Treasury Secretary Left off - TELLING US he is going to use TAXPAYER BILLIONS to "BUY TROUBLED or "toxic" assets in order to "get credit flowing" by BAILING OUT FAILED BANKS - when the US Government could simply take those BILLIONS, and hand them to CREDIT UNIONS and other smaller banks, as loan GUARANTEES, and start credit flowing TODAY!
(Bush's Treasury Secretary, Hank Paulson, called his BAILOUT program when he requested $700 billion of the Pelosi Congress the "TROUBLED ASSETS RELIEF PROGRAM") - Now FIVE MONTHS LATER, President Obama ADMITS that NOT A DIME has been used to BUY OUT "TROUBLED ASSETS" as advertised!
THIS_IS_FRAUD, which is only the TIP of the ICEBERG of MASSIVE FRAUD, in the WIPING OUT of TRILLIONS of DOLLARS of taxpayer, citizen, worker, and investor savings - which on the Leno show Mr. Obama treats as the subject for a friendly laugh and shake of his head!
