Wednesday, November 20, 2013

CRONY CAPITALISM: OBAMA'S LOOTING PARTNERS at J P MORGAN OFF SCOT FREE! US government lets JPMorgan off the hook for mortgage fraud

US government lets JPMorgan off the hook for mortgage fraud


OBAMA and his bankster J P MORGAN LOOT AMERICA 

In reality, the settlement falls far short of holding JPMorgan accountable for its fraudulent sale of mortgage-backed assets, which netted the bank tens of billions of dollars in profits while exacerbating the sub-prime mortgage crash that led to over ten million foreclosures in the US and a global economic downturn that thrust many millions more into unemployment and poverty.

Rather than Hope and Change, Obama is delivering corporate socialism to America, all while claiming he’s battling corporate America. It’s corporate welfare and regulatory robbery—it’s Obamanomics.

“Records show that four out of Obama's top five contributors are employees of financial industry giants - Goldman Sachs ($571,330), UBS AG ($364,806), JPMorgan Chase ($362,207) and Citigroup ($358,054).”

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