[Posted Oct 21, 2009]

Pulling Off The Great Bank Robbery

Praghosa das

Every day a new expose, but no one does anything about it

Boing Boing Oct 19, 2009 - MARK FRAUENFELDER

Investment banks borrow money from gov't at 0%, lend it back to them at 3%

Philip Greenspun explains how Wall Street makes billions -- by bilking taxpayers.

"Because of the Collapse of 2008 financial reforms, the big investment banks are able to borrow money from the U.S. government at 0 percent interest. Then they can turn around and buy short-term bonds that pay 2 or 3 percent annual interest. Now they're making 2 percent on whatever they borrowed. They can use leverage to increase this number, by pledging some of the bonds that they've already bought as collateral on additional bonds." go to story

Related:

The Rich Have Stolen the Economy

Counterpunch PAUL CRAIG ROBERTS Oct 16-19 - The gifts of billions of dollars of taxpayers' money provided the banks with an abundance of low cost capital that has boosted the banks' profits, while the taxpayers who provided the capital are increasingly unemployed and homeless.

Two Economies in America

The Progressive MATTHEW ROTHSCHILD Oct 14, 2009 - One economy is for the rich and the upper middle class. The other economy is for everybody else. And the people running the economy of the rich are the rich themselves. Tim Geithner, the Treasury Secretary, has surrounded himself with people who made a fortune on Wall Street. His predecessor, Hank Paulson, headed up Goldman Sachs. Is it any wonder, then, that they fixed the economy of the rich, and let the other one go? And still today, Congress has not passed a bill outlawing the crazy and crooked trading on Wall Street that got us into this mess. Because Congress consists largely of the rich, or those on retainer for the rich.

Wall Street's Naked Swindle

Rolling Stone Magazine MATT TAIBBI Oct 14, 2009 - A scheme to flood the market with counterfeit stocks helped kill Bear Stearns and Lehman Brothers — and the feds have yet to bust the culprits. Although the SEC issued more than 50 subpoenas to Wall Street firms, it has yet to identify the mysterious trader who somehow seemed to know in advance that one of the five largest investment banks in America was going to completely tank in a matter of days.

The Bhaktivedantas World Sankirtan Party and Inside Nam Hatta are hosted by Hansadutta das, a senior disciple of Srila Prabhupada and trustee of The Bhaktivedanta Book Trust. Participate or learn more about World Sankirtan Party.

Just desserts

Daylight Robbery A.C. Bhaktivedanta Swami

Simply spoiling their time and public money. That's all. Simply spoiling. But public have no eyes to see them. They're also rascal. Therefore my Guru Maharaja used to say that the whole society's now combination of cheaters and cheated. That's all. The cheated want cheaters, and cheaters take the opportunity of the cheated. more

In Cahoots

"Find out what happens when you tell the investment firm that you want to make a huge investment anonymously. It can't be done."

It is important to understand the significance of the above quote - taken from this article - http://www.tvnewslies.org/html/9_11_-_all_the_proof_you_need.html - detailing the 'insider trading' surrounding the events of 9/11 - and this latest bank robbery in the US.

When Larry Silverstein confessed on National Television that the WTC 7 had in fact been "pulled" - crediting the FDNY of all people with having executed one of the finest examples of controlled demolition in the history of structural engineering - he indirectly supplied direct corollary evidence of the shenanigans on Wall Street that proved the existence of prior knowledge of the impending attacks - by a select few who tried to profit off the murderous events of that day.

Make no mistake - the SEC has had in place the means to track any unusual "bets" on not only Wall Street - but every major stock exchange in the G-10 nations of the world for quite a while now. If you recall - the MSM was distracting the world from all THAT insider trading - with the cooked-up charges against Martha Stewart at that time! Shameful.

WHO the culprits are in this latest heist is no secret: the light is on them and has been from the beginning.

HOW will their exposure take place and WHEN is really just a matter of quizzical conjecture.

Our Fallen Leaders

excerpt from Srimad-Bhagavatam 1.12.18, purport by His Divine Grace A.C. Bhaktivedanta Swami Prabhupada

In the modern setup of the democratic states, the people themselves are fallen to the qualities of the shudras or less, and the government is run by their representative, who is ignorant of the scriptural mode of administrative education. Thus the whole atmosphere is surcharged with shudra qualities, manifested by lust and avarice. Such administrators quarrel every day among themselves. The cabinet of ministers changes often due to party and group selfishness. Everyone wants to exploit the state resources till he dies. No one retires from political life unless forced to do so. How can such low-grade men do good to the people? The result is corruption, intrigue and hypocrisy. They should learn from the Srimad-Bhagavatam how ideal the administrators must be before they can be given charge of different posts.

Comments

Sri Guru and Gauranga

"Find out what happens when you tell the investment firm that you want to make a huge investment anonymously. It can't be done." It is important to understand the significance of the above quote ... and this latest bank robbery in the US.