Wake up call!!!!!! Watch who you vote for!!!! (Clinton, Obama, politicians)

[ABklynDude]

Granted OWS was 99% retards and 1% knew what they were talking about, I still had to agree with part of their msg against the banks. Sadly not all the unions got in on it especially the PBA since the cops would be affected by banks also. I'm a finance guy, and even I had to agree with some of the things they were fighting for. Heres an article I read recently, which would affect all of us, from our 401k's, pensions and other various funds in which we put aside for ourselves and our children. No wonder Corzine can't explain where the 1.2 Billion went.


MF Global and the great Wall St re-hypothecation scandal



This article was hidden away. Basically, BIG banks can and will use our savings as collateral against their bets, and our politicians are in on it, from Democraps to Retardicans. As we can see from the recent EU meeting and how UK bascially fought and alienated itself from the rest of Europe, it is because they have one of the most LAX banking systems, and Germany (strongest economy in europe) wants banks to be held more accountable.

[lifelongMOgal]

Originally Posted by ABklynDude

Granted OWS was 99% retards and 1% knew what they were talking about, I still had to agree with part of their msg against the banks. Sadly not all the unions got in on it especially the PBA since the cops would be affected by banks also. I'm a finance guy, and even I had to agree with some of the things they were fighting for. Heres an article I read recently, which would affect all of us, from our 401k's, pensions and other various funds in which we put aside for ourselves and our children. No wonder Corzine can't explain where the 1.2 Billion went.


MF Global and the great Wall St re-hypothecation scandal



This article was hidden away. Basically, BIG banks can and will use our savings as collateral against their bets, and our politicians are in on it, from Democraps to Retardicans. As we can see from the recent EU meeting and how UK bascially fought and alienated itself from the rest of Europe, it is because they have one of the most LAX banking systems, and Germany (strongest economy in europe) wants banks to be held more accountable.

Yes, this has not exactly been hidden away though. It came out about a month ago that Merrill Lynch transfered its toxic derivatives into Bank of America so that the FDIC would insure those losses. It will be the depositors that get shafted and Merrill/BAC is not the only investment bank/depositors bank doing this. More and more it would appear that the repeal of Glass Stegal was a calculated manouver by the powers that be to help steal money from the average taxpayer and investor rather than this fall-out bing merely the law of unintended consequences.

There is some speculation MF Global was doing the bidding of the Treasury in propping up the EU by buying their bonds. Certain high net worth investors got the heads up weeks in advance to move their money out of MF Global and the CME. In the end the winner was again Soros, the master currency crasher. Soros is highly connected to the Clinton/Obama machine. Conicidence?

[ABklynDude]

Sadly, this affects all of us, but I wish this would get out to more people. I didnt even know about this article until recently, even tho it has been out for a month. Not a lot of people in media talked about this hypothecation, altho it has such drastic consequences.

Originally Posted by lifelongMOgal

Yes, this has not exactly been hidden away though. It came out about a month ago that Merrill Lynch transfered its toxic derivatives into Bank of America so that the FDIC would insure those losses. It will be the depositors that get shafted and Merrill/BAC is not the only investment bank/depositors bank doing this. More and more it would appear that the repeal of Glass Stegal was a calculated manouver by the powers that be to help steal money from the average taxpayer and investor rather than this fall-out bing merely the law of unintended consequences.

There is some speculation MF Global was doing the bidding of the Treasury in propping up the EU by buying their bonds. Certain high net worth investors got the heads up weeks in advance to move their money out of MF Global and the CME. In the end the winner was again Soros, the master currency crasher. Soros is highly connected to the Clinton/Obama machine. Conicidence?