US to sue Major Banks, do the math, it's a sick joke

Earlier today we Posted, Goldman Sachs slapped again, and still no one goes to jail
which was actually a re post from Zero Hedge  that we commented on.  Our last paragraph was,

  No my friends, for taking the taxpayers trust, dollars, esteem, livelihood, homes and jobs fines do not get it.  We would prefer hangings in the middle of wall street as an example to the rest of whores that work there.  We are not going to get that since they can pay off the politicians that direct the justice apartment. So make it at least look like punishment, or better yet, how about fair???

We gave them taxpayer money.  They did not do right by the taxpayer.

TAKE THE FREAKING MONEY BACK!!!!!!!

Then at 10:20 this eve. A New York Times Alert Hits my E-mail:  

U.S. Is Set to Sue a Dozen Big Banks Over Mortgages

Can this mean that somebody, somewhere in Government grew a set big enough to actually take this step???? We don't know because we are reading it as we post it. We will see together I reckon (emphasis ours).

By NELSON D. SCHWARTZ

Published: September 1, 2011

 The federal agency that oversees the mortgage giants Fannie Mae and Freddie Mac is set to file suits against more than a dozen big banks, accusing them of misrepresenting the quality of mortgage securities they assembled and sold at the height of the housing bubble, and seeking billions of dollars in compensation. 

The Federal Housing Finance Agency suits, which are expected to be filed in the coming days in federal court, are aimed at Bank of America, JPMorgan Chase, Goldman Sachs and Deutsche Bank, among others, according to three individuals briefed on the matter.


The suits stem from subpoenas the finance agency issued to banks a year ago. If the case is not filed Friday, they said, it will come Tuesday, shortly before a deadline expires for the housing agency to file claims.


The suits will argue the banks, which assembled the mortgages and marketed them as securities to investors, failed to perform the due diligence required under securities law and missed evidence that borrowers’ incomes were inflated or falsified. When many borrowers were unable to pay their mortgages, the securities backed by the mortgages quickly lost value.

Fannie and Freddie lost more than $30 billion, in part as a result of the deals, losses that were borne mostly by taxpayers.

In July, the agency filed suit against UBS, another major mortgage securitizer, seeking to recover at least $900 million, and the individuals with knowledge of the case said the new litigation would be similar in scope.

(our note: Sept 2008 Using our money to bail out UBS? Bad idea!
House GOP Whip Eric Cantor, who also got $10,000 from UBS which, while not a TARP recipient, got $5 billion in bailout funds as an AIG "counterparty." "This certainly appears to be a case of TARP funds being recycled into campaign contributions," says Brett Kappel, a D.C. lawyer who tracks donations. (A spokesman for Cantor did not respond to requests for comment. A spokeswoman for Hoyer said it's his "policy to accept legal contributions."

900 million???????)

Goldman Sachs slapped again, and still no one goes to jail

Apparently besides being "to big to Fail" many of our corporations are to big to go to jail.  Well how can a whole corporation go to jail you might ask?  Simple, Citizens United vs. the FEC declared corporations "individuals" with individual rights.  Therefor they should be treated as the rest of us lowly individuals who can not afford a stable of whores, excuse me I meant attorneys, who would go to jail in heartbeat for fraud and theft!

From Zero Hedge:

Corporations screw us silly and our servants advocate no more minimum wage

O.K. so we like totally ripped this off from Think Progress.  But the link is there.  We just figured why should we continue to bust our ass banging the same ol freaking drum when now there can be no individual  left in America that does not know they are being totally screwed and totally allowing it.  But the funniest still, and yes funny is the word, we can no longer use sad because hell, if you lay down and allow someone to walk on you chances are they will continue to do it till YOU stand the fuck up and tell get the fuck off me! But GE aka General Electric aka home of the Obama's Job Czar Jeffery Immelt once again gets off scott free.

But bless thee, and God watch over thee Tea Party Republicans that were divinely inspired as to how to solve the suffering imposed upon us by dat bad ol Obama who fucked up de holy land inherited from dat kindly ol Georgie Bush.  Yes Lord, how wise was it of you to instill within those who claim your righteousness to figures out dat de best way to solve de pain and suffering caused by those bad old banks and corporations is to do away wit dat bad ol minimum wage stuff.  Cause we know too that in all da wisdom you have imbued dem wif, dey too will work for less than minimum wage. But it maybe lord dat dey jus misunnerstood cause we heard your son say,

Mathew 10:34 and Revelations 6:4:

"Do not suppose that I have come to bring peace to the earth. I did not come to bring peace, but a sword.

and

Then another horse came out, a fiery red one. Its rider was given power to take peace from the earth and to make men slay each other. To him was given a large sword.

And there will be no guarded vaults or gated communities with mercenary chauffeurs and nanny's and cooks to grill your gluttony that can save you from paying your dues.  There will be no politicians to hide behind because they are easy and will be first to go.  Your money will not buy you safety for we will not need it. Your larders and houses of storage will be pillaged for the goods you have hidden away for time we will come. Your army will not protect you because it is not your army, it is ours!  And they are sworn to protect us, not traitors who would watch a nation of poor souls crumble beneath them when the souls have nothing left to give!

Yeah right!

Visit msnbc.com for breaking news, world news, and news about the economy

REPORT: 25 Corporations Paid More To Their CEO Last Year Than They Paid In Taxes

By Pat Garofalo on Aug 31, 2011 at 9:20 am

Last year, as Americans across the country grappled with the widespread effects of the Great Recession, tax dodging by corporations and the wealthy cost the average U.S. taxpayer $434, even as corporate profits soared 81 percent. In fact, according to a new report from the Institute for Policy Studies, “corporate tax dodging has gone so out of control that 25 major U.S. corporations last year paid their chief executives more than they paid Uncle Sam in federal income taxes”:

– Of last year’s 100 highest-paid corporate chief executives in the United States, 25 took home more in CEO pay than their company paid in 2010 federal income taxes.
– These 25 CEOs averaged $16.7 million, well above last year’s $10.8 million average for S&P 500 CEOs. Most of the companies they ran actually came out ahead at tax time, collecting tax refunds from the IRS that averaged $304 million.
– CEOs in 22 of these 25 firms enjoyed pay increases in 2010. In 13 of these companies, CEO paychecks ratcheted up while the corporate income tax bill either declined or the size of the corporate tax refund expanded.

Included amongst the 25 are well-known corporate behemoths like General Electric, Boeing, Verizon, and Ebay. Prudential CEO John Strangfeld, in one example, made $16.2 million last year while his company reaped a $722 million tax refund. Bank of New York Mellon CEO Robert Kelly received $19.4 million, after his bank got a $670 million tax refund.

Eighteen of the 25 companies that the IPS studied operated subsidiaries in offshore tax havens. In fact, “the firms, all combined, had 556 tax haven subsidiaries last year,” including 128 for just one company (the reinsurance corporation Aon).

Currently, corporate taxes have plunged to historic lows, with many of America’s largest companies literally paying no federal income taxes. Meanwhile, according to researchers at Northeastern University, corporate profits accounted for 88 percent of real national income growth since 2009, while wages and salaries made up less than 1 percent. In 2010, executive pay grew by 27 percent while wages grew by only 2 percent.

The IPS also found that “of the 25 companies that paid their CEO more than Uncle Sam, 20 also spent more on lobbying lawmakers than they paid in corporate taxes. Eighteen gave more to the political campaigns of their favorite candidates than they paid to the IRS in taxes.”Add to Technorati Favorites

This 9-11 thing stinks and how I know this

you see any guards anywhere?

First off suggested readings,CIA – Osama bin Laden controversy andWho Is Osama Bin Laden? Also a theme that was echoed in,
 
Blackwater: The Rise of the World's Most Powerful Mercenary Army a book written by independent journalist Jeremy Scahill, published by Nation Books in 2007, as a history and analysis of Blackwater USA, now Xe Services. It won a George Polk Book Award.^[1]

Al Qaeda, U.S. Oil Companies, and Central Asia

Of course there are endless articles on this subject. But regardless of the controversies we know at least two things as fact:

Mujahideen know how to fight, and
They have no problem finding money and volunteers with which to fight. 

The Smoking gun-WTC-7- is it to late for America to wake up,

This site has long advocated for critical thinking. Fact based solutions to governmental/economic problems and learning how to look for what it is you do not see as opposed to what you do. However WTC7 is so in your face it is impossible not to see unless one just chooses not to.

Bikers have long argued the statistical garbage put out by NHTSA. The general world population has accepted global warming and declining energy resources as fact.  Then there are those in this country that have no problem believing that illegal immigrants are "The Problem."  Paying for three wars since 9-11 is often times not even mentioned in economic discussions, as the focus is placed on entitlement programs as the "sole" reasons for the current state of the economy. Never mind the fact that since 9-11 the Banks were allowed to run rampant unregulated while the "regulation of the individual" has dramatically increased.

With little actual proof, millions beleive in UFO's.  Yet despite mountains of data no one wants to beleive that the governments explanation of WTC 7 is totally Bogus!  We can only suspicion that there is one overwhelming reason why  people turn their heads to the "FACTS" of WTC 7. 

If the greater truth of the World Trade Center destruction were known, we would have no choice but to pick up our rifles and march on Washington.  We suspect most would rather head to the beach on Memorial day, knocking back a few cold ones, while listening to some game, any game, on the radio.

At 3:52 seconds into this video listen to one of the stupidest statements ever uttered in the guise of a scientific explanation. Feel free to offer data that contradicts that provided. Which will be hard to find with head up ass!Add to Technorati Favorites