Emergency manager acknowledges bank deals pushed on Detroit were likely illegal
By Thomas Gaist
6 January 2013
During testimony last Friday in US bankruptcy court in Detroit, the city’s emergency manager acknowledged that financial schemes Wall Street banks foisted on the city in the mid-2000s were probably illegal. The swaps deals with Bank of America-Merrill Lynch and Swiss-based UBS cost the city hundreds of millions of dollars and have been cited as a major cause of the city’s financial crisis.
CRONY
CAPITALISM – THE INCEST BETWEEN BARACK OBAMA AND JP MORGAN’S JAMIE DIMON
FOLLOWING
THE MONEY…. right into Obama’s pockets!
“I’m not
here to punish banks!” Barack Obama – State of the Looted Union Message.
OBAMA and
his bankster J P MORGAN LOOT AMERICA
It’s corporate welfare and regulatory
robbery—it’s Obamanomics.
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).”
JP
MORGAN
BARACK OBAMA’S BANKSTER-BOUGHT REGIME of CORRUPTION SERVING
CRIMINAL BANKSTER DONORS, BILLIONAIRES, the 1% and LA RAZA ILLEGALS! …..the rest of us get the tax bills for
their crimes and looting!
more here:
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.
JP MORGAN –
IMAGE
BARACK OBAMA
– JP MORGAN’S RENT BOY? OR SIMPLY A SERVANT OF WALL STREET’S BIGGEST CRIMINAL
BANKSTERS, ALL OF WHICH END UP WORKING IN THE CORRUPT OBAMA WHITE HOUSE!
THE OBAMA ASSAULT on AMERICANS for WALL STREET - Obama lays
out program to slash higher education funding - WHILE HIS CRONY CRIMINAL
BANKSTERS at JP MORGAN LOOT STUDENTS
PROBABLY THE ONLY TRUTH OBAMA
EVER TOLD THE AMERICAN PEOPLE WAS THAT HE WAS “NOT HERE TO PUNISH BANKS!”…
NOPE, AND HE NEVER HAS. THEIR CRIMES, LOOTING AND PROFITS HAVE SOARED UNDER
OBAMA.
YOU WOULD NOT HAVE FOUND
OBAMA’S DOJ GOING AFTER OBAMA’S PALS AT JP MORGAN. HOLDER IS TOO BUSY
HISPANDERING FOR LA RAZA, SUING AMERICAN STATES AND SABOTAGING OUR LAWS AND
BORDERS SO THE OBAMANATION CAN BUILD HIS LA RAZA PARTY BASE of ILLEGALS.
“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).”
OBAMA’S OLD PALS J.P.MORGAN STILL mUCKING OVER CONSUMERS… IT’S LIKE OLD
TIMES FOR THE BANKSTERS!
Headline:
California lawsuit alleges illegal collection practices by JPMorgan Chase
THE
LONG HISTORY of BARACK OBAMA and HIS CRIMINAL BANKSTER DONORS JP MORGAN… STILL
LOOTING AMERICA AND THE WORLD!
more at this link –
This is the unadulterated voice of finance capital
speaking. It should be recalled that JPMorgan is deeply implicated in the
speculative operations that have devastated the lives of hundreds of millions
of workers around the world. In March of this year, a US Senate committee
released a 300-page report documenting the criminal practices and fraud carried
out by JPMorgan, the largest bank in the US and the world’s biggest dealer in
derivatives. Despite the detailed revelations in the report, no action will be
taken against the bank’s CEO, Jamie who enjoys the personal confidence of the
US president.
banks, student loans,
crony books
NO ONE KNOWS HOW TO
ORCHESTRATE AN ASSAULT ON THE AMERICAN PEOPLE MORE THAN BARACK OBAMA and a PACK OF HIS CRIMINAL BANKSTERS!
… now expanded to pillaging of
AMERICAN STUDENTS
more at this link
ONLY OBAMA WOULD
LEVEL YET ANOTHER CON JOB ASSAULT ON THE AMERICAN PEOPLE, ON BEHALF OF HIS WALL
STREET PAYMASTERS, AND THEN TELL US IT IS FOR OUR OWN GOOD!
THE ONLY ONES THAT
WILL EVER BENEFIT FROM THIS FREAK OBAMA ARE ILLEGALS AND WALL STREET
CRIMINALS!..... WELL, AND MAYBE MUSLIM DICTATORS HE PUMPS BILLIONS INTO!
DID OBAMA PUNK US OR IS HE SIMPLY A
FAILED PRESIDENCY?
OBAMA, THE MAN THAT NEVER VOTED DURING THE BRIEF PERIOD HE
WAS IN THE SENATE, OWNED AND OPERATED BY BIG BANKSTERS, IS NOTHING BUT A CON
JOB CALLED “CHANGE”… OR DICTATOR IN THE MAKING.
more at this link – post on your Facebook and email broadcast
EITHER WAY HE IS THE MOST FAILED PRESIDENCY IN MODERN
AMERICAN HISTORY.
BANK
PROFITS soar under Obama just as FORECLOSURES have!
YES, UNDER THE BANKSTER-OWNED PRESIDENT OBAMA, LIFE IS GOOD
FOR HIS CRIMINAL BANKSTER DONORS. THEIR PROFITS and CRIMES ARE SOARING AND SO
ARE FORECLOSURES.
more at this link – post on your Facebook and email broadcast
“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).”
A CASE OF INCEST! OBAMA PARTNERS WITH WALL STREET’S BIGGEST
CRIMINAL BANKSTERS, MOST OF WHOM NOW WORK IN THE OBAMA ADMINISTRATION!
CRONY CAPITALISM: OBAMA PROTECTS JP MORGAN, THE BIGGEST
BANKSTER CRIMINALS IN AMERICAN HISTORY, AND ONE OF OBAMA’S BIGGEST BANKSTER
DONORS!
Nearly five years after the greatest financial crash since
the Great Depression, triggered by rampant illegality and fraud on the part of
the major banks, not a single major institution or leading bank executive has
been indicted, let alone tried, convicted and jailed.
The criminal charges are part of an attempt by the Obama
administration to create the appearance that it is cracking down on Wall Street
criminality, while it continues to shield top executives and allow banking
fraud and criminality to continue unabated.
“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 ($358,054).”
CRONY CAPITALISM: JP MORGAN’S RENT BOY, BARACK OBAMA HAS HELPED HIS
CRIMINAL BANKSTERS LOOT AMERICA BIG TIME!
more at this link – post on your Facebook and email broadcast
…no
filthy politician in American history has taken more loot from looting
banksters than the WALKING CON JOB BARACK OBAMA… and not one bankster has gone
to prison! HOW’D THAT
HAPPEN?$?$?$?$?$?$?$?$?$?$?$?$?$?$?$?$?$?$?$?$?$?$?$?$?$?$?$?
“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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