Tag Archives: Banks

Spain- the leaden housing bubble now accused of sinking Eurozone economy

Another housing bubble and another huge bank bailout being demanded by the world’s superrich! And the working people being asked to take the blame once again, tighten even further their belts, and ‘cut back’ from their already low standards of living. This time its Spain; last time it was Greece; and before that Iceland. The superrich once again say that if the common folk do not agree to their forced diet (austerity program), that things will get even more horrible for them! But with an unemployment rate already at 25% how much worse could it get for the average Spaniard? And who will the superrich come to take down next after they put their murderous programs in place in Spain? Spanish Banks Need $46 Billion, I.M.F. Says in Audit

Remember Fred Thompson and his Little Red Pickup?

The one that he had somebody deliver to a short driving distance from his rallies, so he could pretend to be “jes plain folks”?
He’s doing Bankster Commercials. Yep. Working for an investment group, who are hawking a “reverse mortgage”. While being a Republican and therefore supporting their loud cries for the Government to cut off any loan guarantees, he smoothly lies to the people and says it’s a Government Backed Guarantee. What a hypocrite.
Fits right in. If I had any doubts of whether the now-privatized program is unsound, that settled the doubt.
Why it sounded fishy before, first, it’s not really backed by any actual cash. And it was always administered through the private investment bankers. Like AIG who had to be bailed out because they’re just such wonderful stewards of other peoples money.
Then there’s the idea that while their customers are walking over the grass, and the grass ain’t walkin’ over them, they can’t be evicted. The ones whose Social Security and Health Care are on the chopping block, in a charge led by… the banksters and their new spokesfreak.
Gentle Readers, if you’re already invested in this, whenever the Banker comes around to visit, don’t eat or drink any gifts he brings.

Pueblo Bank “refuses to take Bailout money” explained

What they don’t tell you in the commercial, with the president of the bank loudly saying tough-talking anti-“socialist” trash… is that the money they’re refusing to “take” is not money targeted to the bank itself, but the people whose mortgages are owned by the bank. The bottom line is that the money is specifically Targeted, “earmarked” to people the Banker considers not worthy of the title human, he would prefer the terms “deadbeat” or “Loan thief” to describe those at the bottom of the heap, those taken in by the slick-dick advertising promoted by, among others, officials of his bank. “Why didn’t they read the anywhere between 8 and 21 page documents, mostly single spaced small-type sentences and paragraphs filled with phrases like “party of the second part agrees to indemnify party of the first part”? in the 25 minutes alloted to the sales pitch? OUR HIGHLY EXPERIENCED HIGH PRESSURE SALES AGENTS WHO

HAVE DECADES OF TRAINING AND EXPERIENCE IN HANDLING COMPLEX FINANCIAL INSTRUMENTS DON’T SIGN ANYTHING WITHOUT READING IT COMPLETELY FIRST AND CONSULTING LAWYERS AND ACCOUNTANTS ON ANY ISSUE THEY FIND QUESTIONABLE! So why do these Peasants who have been held in wage-slavery for their entire lives without any hope of ever learning about Financial Instruments not be prepared and bring THEIR accountants and legal representatives, like we do? Let them eat Cake!”

Yes, How DARE those Peasants ever dream of a better life, even though the bulk of Capitalist Propaganda is geared to telling them if they just work harder, longer hours, save more of their dwindling-in-value but seldom increased Minimum Wage to buy lots of stock in corporate enterprises, like those born to wealth did, they too could increase their wealth the same way those born to wealth did, minus of course the Work and Scrimping and Watching Their Families starve, die from lack of health care and forced to live in substandard Slum housing?

Slumlords like Douglas Bruce are especially vicious with that line of attack. Also not very zealous of his own stance of Tort Limitations when it comes to TENANTS who owe money to their Lords of the Land. The slumlords, like the “freedom loving” banker will sic their Tame Pet Police and Judiciary on the poorest of the poor to recover whatever the Richest of the Rich consider to be their own just and due payments.

Question of Nationalism v. Imperialism …again

nuff saidEU officials not allowing Washington to monitor their economic transactions, Washington upset. So, does Washington allow the EU or Mexico or Cuba or Iran or who-the-hell-ever a similar privilege of monitoring United States bank transactions?

Nationalism that doesn’t grant equal sovereign rights to every nation isn’t nationalism, it’s Imperialism. That’s the stated British Empires propaganda excuse for The Great War. While and at the same time they were doing to Ireland, India, China, Kenya. etc etc etc etc etc precisely what the King’s Cousin the Hapsburg Emperor of Austria and Hungary was doing to Serbia.

“Down from the trees, and onto your knees” White Man’s Burden, Our Fledgling Civilization is better than yours, which was thriving when our ancestors were living in mud huts. (Hitler actually told Himmler that about his constant harping on Aryan Supremacy, his personal tastes ran more toward Rome)

Speaking of Rome, the “Oderint Dum Metuant” policy that Bush made our official foreign relations Nightmare seems to be raising its ugly head once again.
I was hoping, ever the optimist, that the hubris of the Bu’ush Regime would end when the Bu’ush Regime ended. Apparently not.
There was absolutely NOTHING about the Bush administration or their annointed Replacement Palin/McAncient that indicates a moral or especially Intellectual superiority that they could use to justify their claim to having a right, indeed, a DUTY, to run the rest of the world.

The Right wing can, and do, claim a tit-for-tat same-back-at-you about Presidents Obama and Clinton.