MONSTER RIPOFF
Almost no one in Congress understands Wall St., central banking or the money markets. The people we pay to actually know about this stuff, like the SEC chairman, know not much more. Our Treasury Sec'y is acually a mole for the liberal Democrat swindlers in NYC. That's why I deeply fear what is going on right now. Realize a few things-
1) Goldman Sachs is at the center of this whole thing. Goldman is not a legitimate business, it is a massive criminal conspiracy. It has been engaged in Ponzi schemes and insider dealing since the 1020s. It pays off politicians right and left to get business. John Corzine, Robert Rubin, Hank Paulson are the bagmen. For a small amount of campaign dough, one of their guys is always inside the White House. They have reaped billions.
2) Goldman is supremely greedy, they seem to have bid up these bad mortgages, then bid up oil this year. Lehman and other firms have done the same thing. Warren Buffet says he didn't make such stupid and risky investments, and is going to finance Goldman. Don't believe him. He is a liar and another liberal Democrat greed head. He's part of what's going on.
3) Commercial credit and money market funds are fine. So are most banks. The ones in trouble, WAMU and Wachovia, were the idiots who went whole hog on bad mortagages. Fannie and Freddie are in the the hands of the government. If they are simply badly but prudently run, most of the their mortgages will be paid back as housing comes back in a year or two. Oh, and since we already have taken them over, thats most of the supposedly bad mortgages Paulson is now saying we have to buy again.
4) So why the crisis? I think there are many fat cats on Wall St. who have lost their personal fortunes trading stupid mortgages and bidding up oil to $150. Paulson, and his best buddy, Chuckie Schumer, are trying to use another trillion in tax money to bail them out. Oh, and since its their game, no pathetic Congressional oversight is going to catch on when Warren and Hank and Bob get their billions and millions.
5) It will look fairly routine and, of course, the last people in the world to understand the rip-off going on will be the FBI and DOJ. If you are a moron druggie bank robber watch out, these guys may catch you. But if you walk in the front door of the Congress and throw some campaign money around, you can stick up the federal reserve bank for a trillion dollars and look like a hero! Poor Willie Sutton and his ilk never new just what amateurs they were!
1) Goldman Sachs is at the center of this whole thing. Goldman is not a legitimate business, it is a massive criminal conspiracy. It has been engaged in Ponzi schemes and insider dealing since the 1020s. It pays off politicians right and left to get business. John Corzine, Robert Rubin, Hank Paulson are the bagmen. For a small amount of campaign dough, one of their guys is always inside the White House. They have reaped billions.
2) Goldman is supremely greedy, they seem to have bid up these bad mortgages, then bid up oil this year. Lehman and other firms have done the same thing. Warren Buffet says he didn't make such stupid and risky investments, and is going to finance Goldman. Don't believe him. He is a liar and another liberal Democrat greed head. He's part of what's going on.
3) Commercial credit and money market funds are fine. So are most banks. The ones in trouble, WAMU and Wachovia, were the idiots who went whole hog on bad mortagages. Fannie and Freddie are in the the hands of the government. If they are simply badly but prudently run, most of the their mortgages will be paid back as housing comes back in a year or two. Oh, and since we already have taken them over, thats most of the supposedly bad mortgages Paulson is now saying we have to buy again.
4) So why the crisis? I think there are many fat cats on Wall St. who have lost their personal fortunes trading stupid mortgages and bidding up oil to $150. Paulson, and his best buddy, Chuckie Schumer, are trying to use another trillion in tax money to bail them out. Oh, and since its their game, no pathetic Congressional oversight is going to catch on when Warren and Hank and Bob get their billions and millions.
5) It will look fairly routine and, of course, the last people in the world to understand the rip-off going on will be the FBI and DOJ. If you are a moron druggie bank robber watch out, these guys may catch you. But if you walk in the front door of the Congress and throw some campaign money around, you can stick up the federal reserve bank for a trillion dollars and look like a hero! Poor Willie Sutton and his ilk never new just what amateurs they were!
posted by frank friday at 3:46 PM
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