(TODAY's news, on top of our below "bailouts" news!)
Investors could only lose in Goldman's Caymans deals
Well, someone actually read all 1,279 pages of "Democrat" Congressman BARNEY FRANK, and President
THIS particular bailout ATROCITY is... IN ADVANCE! It is a FOUR TRILLION dollar GIFT CARD, "purchased" by Congressman Frank and the Emanuel/obama White House ON THE TAXPAYER's tab, that INVITES Goddamn-Sachs, JPMorgan-Chase, and Citi-bank to WRECK the markets and economy AGAIN, so they can once again BUY UP the broken pieces for pennies on the dollar.
And this particular "Right-Wing corporate whore Republicans POSING as DEMOCRATS" bailout ATROCITY, is in ADDITION to the UNLIMITED BILLIONS that President Obama has OBLIGATED TAXPAYERS to make good on Fannie Mae & Freddie Mac's trillion-dollar losses (see graph below) with UNLIMITED new bailouts!
< Speculators poured into shares of Fannie Mae and Freddie Mac on Monday, the first day of trading after the Obama administration in effect gave the companies BLANCK CHECKS of checks of federal support. >
the COWARDLY "Democrat" Congress, and "Democrat" White House, TRULY ARE TRYING to TURN AMERICAN TAXPAYERS into wage slaves, indepted for trillions, to stuff FRAUDULENT BANKSTERS ill-gotten coffers, and no shame bonus billions for-fraud-and-failure banksters.
Bankers Get $4 Trillion Gift From Barney Frank
by David Reilly, Bloomberg news
H.R. 4173, the financial-reform legislation passed earlier this month by the House of Representatives [is] ...the baby of Financial Services Committee Chairman Barney Frank. [The] House bill is meant to address everything from too-big-to-fail banks to asleep-at-the-switch credit-ratings companies to the protection of consumers from greedy lenders.
[In House Financial Services Committee Chairman Frank's bill] There are huge giveaways insuring the government will again rescue banks and Wall Street if the need arises.
-- [It] supports the biggest banks. It authorizes Federal Reserve banks to provide as much as $4 TRILLION in emergency funding THE NEXT TIME Wall Street CRASHES. So much for “no-more-bailouts” talk. That is more than twice what the Fed pumped into markets this time around. The size of the fund makes the BRIBES in the Senate’s health-care bill look minuscule.
-- The bill also allows the government, in a crisis, to back financial firms’ debts. Bondholders can sleep easy -- there are more bailouts to come.
(continued at) - http://www.bloomberg.com/apps/news?pid=20601039&sid=a48c8UpUMxKQ