Tag Archives: Banksters

Banksters buying debt again, another bucket of bailout bait?

So one credit card (not debit, which is money you do have, but credit which for some reason is money you DON’T have, God they’ve screwed up the English language) offers a 5% cash rebate for up $300 a quarter (I think) in purchases. Or, $15 back. Which another card issuer, Chase, as in Salmon P Chase, the fellow on the non-circulating $1000 bill and Lincoln’s Secretary of Treasury, but Chase is offering the same deal up to $1500 dollars, and points out that it’s 5 times as much, you can get $75 back… on a much bigger credit card debt. As the RepubliCan’t Party points out, as though it’s the Poor being freeloaders, more than half of Americans don’t make enough money to owe taxes. $20,000 a year for a family of four. So you go into debt for approximately a months wages + a few bux, and get $75 back. And some really steep fees for as long as you’re paying that one debt off.
And while they’re screaming on FOX that the Poorer People are irresponsible and can’t do math (yeah, right! Like FOX still believing that selling bonds for ten percent annually wouldn’t double the War Debt in ten years as opposed to simply funding it through higher taxes at the start) and Wall Street, you remember them, Chase used to use the word Manhattan in it’s name… Wall Street in other words… they’re selling massive debt to those who can least afford it, and to people who really CAN’T do math and you can tell because the targets are told that a $75 rebate on what’s more than 2 grand worth of debt (they’re hoping that people don’t know what the term “interest” means) is a special deal.
Then they’re bundling the debts…

They’re bundling them and selling them the same way they bundled and sold mortgages. They marketed the original Product the same way, telling people in Seminars and Books-on-Tape and Infomercials for all of those get rich quick WITH GOV’T GUARANTEES of payment. What they didn’t tell the people, that you get a Fanny Mae Freddy Mack loan to buy a house with “little or no money down”, do some cheap cosmetic repairs and resell it for enough of a profit to settle your part of the FM/FM mortgage, buy two more houses the same way and the Government meaning, the American People would be required to back you up in case anything went wrong.
Well, a LOT went wrong. The people you’d end up selling to would be people who were investing in Real Estate to try to get out from under a massive debt load, that load coming from working at wages that were less than what it cost you to produce your labor. Again, a top-down, Trickled Down Reaganomics decision. So you’re in hock, left holding the bag when the GreedHeads manipulating the entire scam manage to tank the economy of the whole world, and you discover that YOUR investment isn’t the one that’s “backed by Federal Government Guarantees”… It’s the banks, like Chase, Morgan-Stanley, Wells Fargo, Bank of America etc… who got the money from the Taxpayers… after investing what amounts to less than nothing in the scam. The only people who actually invested were whatever people they could convince to bankroll their scam until it inevitably folded.

Like the stupid bastards who backed the ReagBush-Oh, NO!-mics and actually believed that when Bush sold twice as much Taxpayer Debt, merely deferred for a decade, and BECAUSE it was deferred, to finance a war that was blatantly a gift to the richest people in the world.

How Much, for instance, do you believe Erik Prince of Blackwater or Richard Cheney of Halliburton, invested of their OWN money into the war? Even though they got paid handsomely for it. Helps, too, that the Richest Corporation in the world had their CEO as Vice President of the United States giving blank-check, open-ended no-bid contracts to his own company? But the people who still believe in their stupid little brains that it’s the POOR people who crashed the economy worldwide believe that the deal was actually “No Tax Increase”. In a way it was, No Tax Increase for THEM.

The EuroZone economy crumbling, was it indeed from Socialized Medicine and subsidized tuition as the Right Wing Retards wish we were stupid enough to believe? How about their costs (since so many of them were also in NATO and in the Koalition of the Killing) that Their Taxpayers had to pony up to support the War? But we’re not supposed to ever mention that. Convenient, for the Thieves.

Example, Britain became a debtor nation right after WW ONE… actually during, and at a time when their empire ruled “the sun never sets on our empire” worth of the World. Yeah. BEFORE they gave up Hong Kong, or India, or even world war 2, BUT… more than 3 decades BEFORE National Health Care went into effect, while Child Labor laws weren’t yet instituted, before “the Dole”, before Women Got The Vote, before the end of the Gold Standard, Before Every Single MuFU event the Right Wing Propagandists declare to be the turning point in British and American Economic History

There’s a long string of lies that get unraveled by that last statement. Anybody who still believes anything the Right Wing in any incarnation tells, shame on you for being stupid and shame on your parents for not insisting on getting you educated BEFORE you were legally old enough to sign contracts or make political decisions that effect everybody else.

Meanwhile, Chase is creating more debt which is being bundled, and sold, like it was real cash, by the same Federally Guaranteed “Too Big To Fail” fatcat Wall Street bankers. Car loans too. Got too much car debt, like so many do? Sell the fucker for scrap metal and SCREW the Repo-man and the Banksters.

They’ve done it to us. For that matter, Bank fixin’ to foreclose on your house? Burn the fucker to the ground.

Or, in an alternative plan, Occupy! in the fullest sense of the word. Park your cars in the middle of the street and walk away, take those Hoff & Leigh signs that are everywhere around town, on mostly foreclosed homes and businesses, and SQUAT. There’s some in every neighborhood of the city (Colorado Springs, but I bet you readers in other cities have the same issue) and enough that those suddenly struggling to get a “legitimate” home after being turned out of their fomer, Take The Houses, Take The Business Buildings. Pull up the lawns and plant vegetable gardens.

Think it’s not possible or sustainable? There’s communities created like that all over Spain which have existed since the Spanish Civil War began and which have withstood 9 decades worth of official repression. It’s one of the two most likely ways the Bankster Theft Problem will be resolved, the other is absolute fealty to a Corporate State.

Shocking USAToday headline: Most supercommittee members have ties to lobbyists

Say it ain’t so, Joe. The USAToday chain actually crawling up to the bar and saying what everybody knew since the SuperCommittee was announced at the end of July? In other news Might-Makes-Right Wing former favorite (Hey, the RNC paid his back due child support, alimony and property taxes) Samuel Wurzlbach, the Fake Joe Fake Plumber, famous for lying, is running for congress. His former sponsor in crime, Sarah Palin, announced that she won’t run for president. Said “family considerations come first” which is a new concern for her. Probably has a lot to do with the majority of supporters of her running on either the Republican or Tea Party tickets were Democrats.
All in all a productive news day.

Bank of America to Americans: “You gonna be our bitch”

Yes, our old friends who took a billion dollar gift from America, paid no taxes…
Got us again. Seems they’re going to make the consumers pay for regulations which prevented them from unannounced and hidden fees.
The smug perfectly manicured bastard interviewed by NBC news said: “People should complain to their congressmen” because Congress told them they’re not allowed to steal (sometimes not allowed) from us and thus they “lost” MONEY THE THIEVING BASTARDS DIDN’T ALREADY HAVE, IT WAS STILL OUR MONEY AND THEY WERE PROHIBITED FROM STEALING IT.
Yes, by those calculations, anybody who buys a watchdog or installs a burglar alarm Owes The Burglars Compensation.
The Smiling Smug with the hands that never touched a shovel said “Well, somebody’s got to make up the cash, it’s just going to have to be the Consumers” .. Like he ever gave two shits about the well being of consumers. Watch as they give out another billion in year end bonus payments, and sneer at us Mere Peasants who dare to believe we shouldn’t be ripped off.
And they wonder why people throw airplanes at their buildings.

I put “Ron Paul 2012” in the tags just because so many Tea Bag Morons are looking for it and it’ll show up in their google search.

why centipedes are called centipedes and millipedes, millipedes…

Not that they have a hundred or a thousand legs but because it’s really common for people to stop counting once they’ve gotten to 36.
 
Such as a fellow who calls himself an “American Patriot” and links his comment name to a Fox website. Mentioned in the Pizza thread some really stupid number of “50” people in the People’s Parade against the Wall Street Thieves. Apparently the fellow is rather upset that anybody would blaspheme against his god Capital and wishes to sneer it away. Much like the assmunch Banksters leaning over their balconies, drinking champagne and sneering, protected by the NYPD. The fact that they were so heavily guarded and the protesters peaceful allowed those sneers. Here’s a screenshot of part of a video from the protest. there’s more than 50 people in the first column of people not counting the cops. Now, if the THOUSANDS of people had been of a mind to do so, they could have overwhelmed the more than 50 cops and just dragged the smug Wall Street Thieves off their balconies and given them a collective enema with their own champagne and caviar. Which, given the recent history of Europe, bankrupted not by their “socialist giveaways” but by their backing of the Very Expensive War Of Conquest which benefits only the Wealthiest, and that only temporarily….

The bloody parts of the riots against the Wealthy, after stealing the entire treasury of each his own particular country, like Greece, England… actually the entire treasury of the European Union has gone down the tubes for the benefit of Wall Street banksters. Same as our treasury. And with all that, they sit on balconies drinking champagne and mocking the peaceful protests against their demands that the Working Class, and not themselves, should be forcibly placed on Austerity.

Franklin Roosevelt bought off a revolution that would have made Red October look like a High School promenade. Bought it off with higher taxes on the Rich which so far hasn’t happened during this current privileged-class created market crash. He was considered a traitor to “his class” but as much as they bitterly resented having to pay their fair share in life, they at least weren’t dragged from their mansions, hanged by their own intestines in their own immaculately trimmed trees and then lit on fire while still alive.

Their subsequent machinations of the past eight decades to strip the Workers of their hard earned cash, benefits and other pay, have succeeded to the point they believe they’ll be able to survive without us.

They are of course wrong, they didn’t gain their wealth by the sweat of their own brow, (as prescribed in the Book of Genesis) but by the sweat of OUR brow.

The police on whom they depend for protection, also working class and, in NYC, union. They’ve already told the police they’ll be cutting their benefits and pay as well. Rather foolish, that.

What will they be able to pay the guardians of their castles, once their wealth is reduced to exactly anything that fits within the walls of those castles? What would keep their guardians, the ones on whom they place so much contempt and disrespect, from merely killing them and taking the entirety of their hoards? Fealty, perhaps? Devotion to a legal system which their Masters discarded long ago?

The truly amazing part is they actually believe their own hype, get high on their own supply, all the rules that keep regular mid-level thieves alive and mostly out of jail, they’ve discarded such rules.

They actually believe that they’re so smart and the rest of us so stupid they’ll be able to roll over us forever. Poor stupid bastards. They don’t even have the physical courage or characteristics needed to employ brutality on their own part, they’re so used to having others fight for them.

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.