Exceeding all parameters of reason, the current Administration has taken advantage of the financial assault on Americans by banks and financial institutions, to build a glorifying legacy that makes Bill Clinton jealous. For an additional measure of abuse, . . . the billions came from taxpayers.
The losses from mortgage-backed securities alone were estimated at between $750 billion and $1 trillion, and 7 million people lost their homes. How much restitution have YOU received on your losses and harm inflicted by the fraudulent activities of banks? Ask yourself, did you or anyone you know receive restitution for losses incurred? Did you, or anyone you know receive any of the billions Obama has collected from the banks? Why not?
A river of cash slipped by your home on its way to Obama’s gulf of allies, his pet projects, his deification, his legacy, . . . . and the MSM ignored the torrent of redirected billions. To add insult to injury, few of the funds ever reached the victims, and billions of dollars cannot be accounted for, are not being accounted for, and will never be accounted for.
Imagine yourself for a moment in the position of CEO of one of these banks. You and your comrades received billions in bonuses. You and your comrades have manipulated your agency, The Fed, to wash cash through your coffers at near zero interest rates. The helicoptered cash has flooded the stock markets and your public share values have hit historical highs. You and your comrades created complex mortgage backed derivatives bundled and sold to large funds and governments. You knowingly pushed the distribution of mortgages onto household which could not afford them, (sure, they should have known, and buyer beware, but really? You were just doing what Bill Clinton’s Admin had pushed you into?). Some governments, such as Iceland’s, bought your false sales pitches and eventually had to declare bankruptcy. Millions of Americans suffered, many were evicted, many slid into bankruptcy, and your impact on the economy created millions of unemployed. You had full knowledge of all major decisions made within your institution. The numbers were enormous, and you and your comrades profited more than anyone has ever profited in the history of America.
Now along comes the Obama Administration to take advantage of this historical event.
The Obama Administration offers you a deal you can’t refuse. The deal is simple — you’re safe from personal charges, and safe from charges on such things as racial profiling your mortgage clients and so are your senior executives, and the cherry on your cake, . . . you get to keep the billions you took in bonuses and stock options prior to, during, and after the financial crisis.
All you have to do is agree to have your bank cough-up billions of dollars in fines and fees. No courts involved so there will be no embarrassing thrashing in public, your privacy is assured, you will not have to admit to criminal wrongdoing, and no one will come after you. The toxicity of your decisions will be smothered and will vanish from collective consciousness. And one more minor thing, . . . each dollar you funnel to an organization of the Admin’s choosing, wipes seven dollars off your total fine — a 1 for 7 deal. The Obama Administration will tell you where and when that money is to be shelled-out. How can you refuse?
(Excerpt) Read more at floppingaces.net ...
