FINANCIAL WEAPONS OF MASS DESTRUCTION

>>>>The "dirty little secret" that Geithner is going to great degrees to obscure from the public is very simple. There are only at most perhaps five US banks that are the source of the toxic poison causing such dislocation in the world financial system. What Geithner is desperately trying to protect is that reality. The heart of the present problem, and the reason ordinary loan losses are not the problem as in prior bank crises, is a variety of exotic financial derivatives, most especially credit default swaps.

In the Bill Clinton administration of 2000, the Treasury secretary was Larry Summers, who had just been promoted from number two under former Goldman Sachs banker Robert Rubin to be number one when Rubin left Washington to take up the post of Citigroup vice chairman.

As I describe in detail in my new book, Power of Money: The Rise and Fall of the American Century, to be released this summer, Summers convinced president Clinton to sign several Republican bills into law that opened the floodgates for banks to abuse their powers. The fact that the Wall Street big banks spent some US$5 billion in lobbying for these changes after 1998 was likely not lost on Clinton. <<<

>>>This is a situation that is deliberately being allowed to run out of (responsible government) control by Treasury Secretary Geithner, Summers and ultimately the president, whether or not he has taken the time to grasp what is at stake. <<

Read entire story at above (red) link.

Friends, we the American people have been SOLD OUT, by first BILL CLINTON (on his last fing day COngress met in a lame duck session passing the WALL STREET GREED BILL which was actually repealing the commodities trading act....in place for almost 100 years) then BUSH....most assuredly that idot savant Greenspan, Giethner, Summers. Bernanke.....the f'ers are the CORE of OBAMA's NEW HOPE?? administration? WTF?

NOTHING has been done to FIX the drivitive mess. NOBODY knows how much is out there, maybe $50 Trillion.....of "BUCKET SHOP" bets.

AIG covered some of those bets....WE the PEOPLE bailed them out for at least $180Billion......Over $2 Trillion and counting the lot of them, the BIG 5 banks all got money...and now they're getting HUGE BONUSES as the AVG JOE is lucky to have a part time job.

These Goldman Sach's and friends Banks sold TOXIC mortgages to us and the WOLRD and banked BILLIONS of profits and bonuses...then HANK PAULSON wrote on a NAPKIN as SEC Treasurer a plan to bail them out and "save the world"....how cool is that?

SO I Guess what we had to do, cause an EX GS guy told us, is leave the landscape so a few banks will rule the financial world....using this CRISIS to make them EVEN STRONGER, giving them access to FED 0% money so they were guaranteed profits....and them letting these crooks keep ON THE BOOKS the toxic crap at 90% on the dollar when they suspended the MARK TO MARKET RULE.....so basically I dont trust any of these banks reported earnings.

A shell game, musical chairs, and the little guy gets screwed again and doesnt even know how or why....he just wants a job.

SO MANY DUPLICITE in the ROBBING, SCREWING of the american public......it
is well SICKENING.

Link to 60 MINUTES FINANCIAL WEAPONS OF MASS DESTRUCTION, MUST SEE>

And please don't wonder why I get disgusted.....as the IN CROWD gets away with murder and our money.

D