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  #1 Joe Peterson on 19 May 12

   

  Surely even Tim Geithner can't prevent a straw boyfriend or two from being sent to the big house. At minimum, the public would be able to yell vociferously at our television screens as real investigations were opened, and Congress questioned the executives in the large banks and insurance coverage houses under penalty of perjury. If Roger Clemens found himself on the receiving end of perjury charges as a consequence of congressional testimony, we could expect nothing less for any billionaire bankers. Alas none of this occurred. Instead, the executives were called to Capitol Hill to do in a dog together with pony show. Congressmen and women would bark at the kind of Jamie Dimon in an effort to demonstrate to their constituents the feigned anger deep within them, while all the while almost no one ever intended to punish anyone, for anything, at anytime.
  
  So, the poor and middle class are left to fix up the mess left by those so brilliantly trained at Harvard Business School and Wharton. It would be devastating if what we heard of most on the major news networks were the extent in the disaster - foreclosures and massive underwater equity in residential real-estate mortgages. Millions of Americans owe more on the homes than its truthful market value, nearly every cent of which is a direct result of the fraud perpetrated with the large banks and their mortgage originator bagmen. Millions face foreclosure due to unemployment or the failure in the banks to refinance their own mortgages and reduce principal due. Because of new, albeit still paltry, capital requirements implemented by Dodd-Frank, the banks are reticent to write down the value of their own mortgage portfolio, making much more foreclosures likely. If Ford and GM worked up a scheme to help overcharge us for each motor vehicle by fixing prices, each company may be held to account for any amount we overpaid. However, if some bright bankers do the identical and force up lodging prices, it is ascribed to the ever mystical "market forces. " All the even though, the major media does nothing to halt the filthy narrative that a lot of Americans spent the a long time between 2002 and 2006 eating caviar on the HELOCs, knowing precisely that which you were doing.
  
  But that's only a few...
  
  The giant bubble created by the magnificent morons of money has left behind an even larger crater in the budgets of the us government, as well as your states and municipalities. The American people have been paying the tab work up by bankers and the Federal Reserve with excessive unemployment and underemployment. This high unemployment consequently has drastically shrunk nearby and state revenues -- abdominal muscles tax revenues that fund the programs that those relating to the very edge economically depend upon for basic survival. We have paid like higher state university together with community college tuitions for the children. We have payed off through school closures together with increased class size. We have paid with overcrowded and unsafe prisons and jails. Our neighborhoods have end up less pleasant and much less picturesque as ever more of us lose homes and become increasingly desperate in the means by which the money needed make sure that survival is acquired. Our parks stick to the verge of increasingly being shuttered. City budgets are slashed. economics

   

  <div class="cArrow"> </div><div class="cContentInner">Surely even Tim Geithner can't prevent a straw boyfriend or two from being sent to the big house. At minimum, the public would be able to yell vociferously at our television screens as real investigations were opened, and Congress questioned the executives in the large banks and insurance coverage houses under penalty of perjury. If Roger Clemens found himself on the receiving end of perjury charges as a consequence of congressional testimony, we could expect nothing less for any billionaire bankers. Alas none of this occurred. Instead, the executives were called to Capitol Hill to do in a dog together with pony show. Congressmen and women would bark at the kind of Jamie Dimon in an effort to demonstrate to their constituents the feigned anger deep within them, while all the while almost no one ever intended to punish anyone, for anything, at anytime. <br /> <br /> So, the poor and middle class are left to fix up the mess left by those so brilliantly trained at Harvard Business School and Wharton. It would be devastating if what we heard of most on the major news networks were the extent in the disaster - foreclosures and massive underwater equity in residential real-estate mortgages. Millions of Americans owe more on the homes than its truthful market value, nearly every cent of which is a direct result of the fraud perpetrated with the large banks and their mortgage originator bagmen. Millions face foreclosure due to unemployment or the failure in the banks to refinance their own mortgages and reduce principal due. Because of new, albeit still paltry, capital requirements implemented by Dodd-Frank, the banks are reticent to write down the value of their own mortgage portfolio, making much more foreclosures likely. If Ford and GM worked up a scheme to help overcharge us for each motor vehicle by fixing prices, each company may be held to account for any amount we overpaid. However, if some bright bankers do the identical and force up lodging prices, it is ascribed to the ever mystical "market forces. " All the even though, the major media does nothing to halt the filthy narrative that a lot of Americans spent the a long time between 2002 and 2006 eating caviar on the HELOCs, knowing precisely that which you were doing. <br /> <br /> But that's only a few... <br /> <br /> The giant bubble created by the magnificent morons of money has left behind an even larger crater in the budgets of the us government, as well as your states and municipalities. The American people have been paying the tab work up by bankers and the Federal Reserve with excessive unemployment and underemployment. This high unemployment consequently has drastically shrunk nearby and state revenues -- abdominal muscles tax revenues that fund the programs that those relating to the very edge economically depend upon for basic survival. We have paid like higher state university together with community college tuitions for the children. We have payed off through school closures together with increased class size. We have paid with overcrowded and unsafe prisons and jails. Our neighborhoods have end up less pleasant and much less picturesque as ever more of us lose homes and become increasingly desperate in the means by which the money needed make sure that survival is acquired. Our parks stick to the verge of increasingly being shuttered. City budgets are slashed. <a rel="nofollow" href="http://confidentsource.com/?cid=23">economics</a></div>

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