Editor’s Note: For a deeper look into the Illuminati and its origins, please see Johnny Silver Bear’s treatment of this subject by following this link. )
Analysis by Cody Willard
Here’s a winning formula for our society, wouldn’t you agree? Let’s entrust our politicians to regulate an industry, then have the heads of that industry become the bureaucrats who are entrusted to carry out those regulations, and when things go wrong from all that cronyism, let’s give tons of welfare money to the giant corporations in that industry which can then use that money to donate to their politicians who can then win votes to continue to regulate that now insolvent industry.
The executives and managers at Citigroup (C), Goldman Sachs (GS), Bank of America (BAC), Morgan Stanley (MS) and the rest of the big Wall Street corporations – including Chuck Prince and Hank Paulson – lied to all of us for years about the value of their assets. A lot of those guys who used to run the banks are now charged with regulating and/or doling out trillions of dollars in welfare to their former partners. Yeah, these bankers sucked trillions of dollars in “earnings” built upon those lies out of the economy and instead of saving those trillions for a rainy day when their lies stopped working, they paid themselves and a few of their closest friends most of that money in bonuses and salaries.
And who was “regulating” all of this gamesmanship? Your socialist Republican/Democrats, of course. Including Barney Frank and Chuck Schumer.
These are the same guys that you think are going to fix the mess they and their cronies have created. Why do I call Frank and Schumer and the banking industry a bunch of cronies?
Let’s think this through for a minute here….Charles Schumer has taken in more than $6 million in donations from the bankers on Wall Street. Then Schumer takes a trillion dollars of welfare money that could have gone to feed starving children in West Virginia, and instead, gives that welfare to these same bankers, who I continue to point out should be in prison for either fraud or criminal negligence, who “donated” him $6 million.
Now that Citigroup and the rest of the companies who have destroyed our economy didn’t get shut down and broken apart and punished badly for their crimes, but instead have been able to restock their balance sheets with the welfare they just got, they’ll be able to continue to “donate” millions to the very guys who were supposed to have stopped them from destroying our economy (and should be fighting to punish the crooks now)….
Any donations to any politician from any bank or company or industry that’s gotten welfare payments should be immediately suspended and donated to the US budget deficit. After all, without the welfare from the government these companies wouldn’t be able to “donate” to the politicians who then give them the welfare they’ve just received from the politicians they just donated to.
And then of course there was last night’s puff piece on Barney Frank from CBS’ 60 Minutes last night. Does it make you sleep better at night knowing that yet another Harvard grad who’s spent 14 terms (count ‘em baby!) supposedly regulating the investment banks which have destroyed our economy through their fraud and incompetence is on the job still? Surely it makes you feel better to know, at least, that despite have taken countless donations from Fannie Mae (FNM) and Freddie Mac (FRE) and even having an ex-lover who was a Fannie Mae executive, he was right on top of regulating this company until it shocked him with its collapse this year.
And certainly you’ll sleep better tonight knowing that, according to CBS’s Lesley Stahl that “It’s no wonder that when “saber tooth” the liberal [Frank] took over the committee that oversees banking, Wall Street shuddered. But two years later, even the most hardened Republicans give him good reviews.”
In the two years he’s been overseeing the banking industry, it’s utterly collapsed and been nationalized and we’ve even had to give trillions in welfare to the banking industry itself. Who’s giving this “good reviews”? Oh, that’s right, the same banking industry and its cronies…
Listen to what the financial community says: “Here’s Henry Paulson on Barney Frank: ‘He’s a market savvy pragmatist who looks for areas of agreement because he wants to get things done.’ Here’s a guy from JP Morgan Chase. He said, ‘He hasn’t veered off into crazyland.’ Meaning liberalism. I’ve heard someone describe you this way. You’re liberal on social issues. You’re a pragmatist on economic issues,” Stahl remarks.
The guy at JP Morgan, which just received billions in welfare payments from Barney and Paulson doesn’t think rewarding those crooks like himself who have destroyed our economy with their lies and incompetence doesn’t think that’s “crazyland”. Hellooooo?! Earth to JP Morgan exec!
You guys thought I was joking about calling these bankers and the politicians they obviously own the “Illuminati”. Here’s a definition of Illuminati:
Illuminati – individuals who are part of a secretive, historical organization that is comprised of mostly influential members with political and/or financial clout.
Schumer, Frank, Paulson, Bush, McCain, Palin, Pelosi, Obama and every single other politician and bureaucrat who has taken money from these crooks/insiders/bankers and then gave welfare money to these crooks/insiders/bankers are part of the problem. They are, by definition, part of the Illuminati.
I repeat – Any donations to any politician from any bank or company or industry that’s gotten welfare payments should be immediately suspended and donated to the budget. After all, without the welfare from the government these companies wouldn’t be able to “donate” to the politicians who then give them the welfare they’ve just received from the politicians they just donated to.
(Editor’s Note: If you have any doubt that our “elected government” (with very few exceptions) does what the banks and corporations want rather than the American people……we have this story of widespread “rate-jacking” from the wonderful credit card companies)
(CNN) — It arrived in Rich Stevens’ mailbox a few weeks ago: the notice that Citibank had “rate-jacked” the Visa cards belonging to him and his wife. “In my case, from 9.5 percent to 16.99,” the 54-year-old nurse from the Long Island hamlet of Merrick, New York, told CNN. And his wife’s rate zoomed from 7.95 percent to 16.99 percent, he said.
Stevens said he did not know why the rates had soared; his credit rating is great.
But, like thousands of other credit card customers around the nation, he has been notified his rate is skyrocketing.
“It almost borders on loan-sharking, from my perspective,” he said.
In the blogosphere, writers are livid at the instant rate hikes — called “rate-jacking.”
Citigroup seems to be the target of most bloggers’ venom — partly because Citigroup issues so many credit cards and partly because Citi began sending the notices at about the same time it was getting a $20 billion, taxpayer-financed government bailout.
No one at Citigroup would talk on camera to CNN about the matter. Instead, the company issued a written statement, which said: “To continue funding in this difficult credit and funding environment, Citi is repricing a group of customers.”
Citi told CNN that anyone unhappy with the new rates can opt out and continue paying the lower interest, but they must close their account when their card expires. It’s all in the fine print.
Rep. Carolyn Maloney, D-New York, said she is sick of the fine print.
She agreed that credit card companies get away with whatever they want, as long at they put their desires into the fine print.
“They have this provision that says they can raise the rate — any time, any reason,” she said.
In September, Maloney got the House to pass by an overwhelming margin of 200 votes the “credit card holders’ bill of rights,” which would have stopped rate-jacking and the imposition of other fees by banks.
But the bill has languished in the Senate since September.
“There’s a lot of pushback from the financial industry,” she said.
Critics say that pushback is linked to donations from the banking industry to the politicians responsible for regulating credit cards.
The chairman of the Senate Banking Committee is Christopher Dodd. His staff said the Connecticut Democrat has his own credit card bill containing tough language to stop things like rate-jacking and shortening of billing cycles — two issues that anger consumers.
But even Dodd’s own bill has failed to gain traction — it has sat since July.
Dodd himself received more than $4 million from the financial sector during the last campaign, according to campaign records. His office did not respond to CNN’s questions about that.
It did say that he has tried repeatedly to protect consumers, but added, “legislation has been met with stiff opposition by the credit card industry.”