Lee Ross The Fed has given the banks $5 trillion in stimulus money. The bailout cost $3 trillion. The amount of illegal transactions in the system total $15 trillion according to courts in New York. Shadow banking transactionsare not included in recorded deposits, taxed or tracked.Deregulation became law in 04. Wells purchased Wachovia in 06. Wachovia used dummy companies like MortgageIt, to generate mortgages illegally, particularly in non-judicial states like CA. from 06-09. MortgageIt was a subsidiary of Deutsche and was prosecuted successfully by courts in New York for fraud in 08 regarding Fannie and Freddie mortgages. Deutsche and HSBC helped Lehman in the use of LIBOR to hid a weak balance sheet from regulators and ratings agencies as they were going through bankruptcy. The partnership was orchestrated by Henry Paulson. While he was Secretary of the Treasury, Paulson was also the Chief Negotiator for Lehman during their bankruptcy. The transaction with the Mexican cartel went down in 08. Between 05-08, the banks were assessed fines in the following order. B of A $637 billion, JP Morgan $460 billion, Goldman $121 billion Morgan Stanley $96 billion. This equals $1,314 billion or $1.3 trillion and Wells is not even included. The national debt is chump change. Personal accounts held off shore by individuals totals $35 trillion. Check congressional records. You seem to have some access. Read, ajsanford-honestyproject.
Posted on: Thu, 13 Feb 2014 21:21:28 +0000
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