Saturday, July 23, 2011

Michael Rivero of What Really Happened, Wrote the Best Explanation I have Seen Anywhere of Why the Banks are Getting away with FRAUD!

Michael Rivero wrote on his site WhatReallyHappened  (which is a Great alternative Real News Site) today the best explanation I have seen on why the Banks are getting away with the FRAUD that they are!

He wrote this in regards to a video he has above it about how the members of Congress have seen their own personal income/wealth increase hundreds of percentage points in the last few years.  The video is inserted below Michael's remark of it.

Michael Rivero's Explanation of the Bank Fraud and why they are getting away with it:


What happened is simple. Congress members were invested in the Wall Street Firms behind the Mortgage-Backed Securities Fraud; the biggest financial swindle since the Great South Seas Bubble of 1721. Congress passed an $8000 first-time home-buyer credit to lure more suckers into the scam, to front load the fraud with fresh mortgages of questionable worth, and raked in huge profits from the "tulip mania" sales of the MBS. 

Then the scam fell apart. Foreign banks and investment companies (and indeed entire nations) were brought to the edge of ruin by the fraud and demanded that Wall Street refund their money. Wall Street does not like to surrender profits, even ill-gotten ones, and neither does the Congress. So Congress voted for the "bailouts", which are actually buy-backs, to use public money (and more funds borrowed from the Federal Reserve) to purchase back the bad paper and cover the credit swaps, dropping the costs of the scam onto the American people. This was done despite 90% of the American people opposing the use of tax money to save the bankers form their own reckless behaviors. (Can you say "Taxation without representation?") 

At the same time, in 2008, the White House set a policy that nobody on Wall Street was going to be investigated or charged for this fraud, because inevitably the scandal would envelope all the members of the Congress who had their personal fortunes tied up in the swindle. Obama had Tim Geithner go up to New York to intercede with NY Attorney General Andrew Cuomo to make certain no Wall Street CEOs were investigated in connection with the mortgage-backed Securities scam. (That is obstruction of justice). 

During the Bush administration, and accelerating under Obama, tax incentives were created for corporations that encouraged the offshoring of high-paying jobs to other countries. Americans, stripped of their ability to pay their mortgages, became easy prey for banks, who needed the entire value of the foreclosed homes on their balance sheets to stay solvent as the cash flowed out the door to buy back all the fraudulent investment bundles. 

In other words, the government took your jobs so the banks could take your homes to save themselves from going to prison for the crimes that made themselves and Congress incredibly rich.
Any questions?


Video he was remarking about:

16 comments:

  1. Do any of you know where I can find plans for a guillotine?

    ReplyDelete
  2. Screw a guillotine. Use a $10 hardware store machete. Building a guillotine sounds like some gubberment taxpayer work project that includes cost over-runs & EPA approval.

    ReplyDelete
  3. No violence works or should be taken against those who are in government.

    What needs to keep happening is people getting educated about the truth. The Truth will set people free!

    Those who are asleep NEED TO WAKE UP! All of the government officials are all working for the banks and corporations and not the people.

    ReplyDelete
  4. "In other words, the government took your jobs so the banks could take your homes to save themselves from going to prison for the crimes that made themselves and Congress incredibly rich.
    Any questions?"
    ----

    What a load of rubbish.

    Rivero hasn't a clue about it.

    Let's just test the first claim?

    Rivero claims that:

    ----
    Congress members were invested in the Wall Street Firms behind the Mortgage-Backed Securities Fraud"
    ----

    WHAT CONGRESS MEMBERS?

    WHAT INVESTMENTS?

    WHAT WALL ST FIRMS?

    Come on, let's have the 'facts'?

    ReplyDelete
  5. The Constitution does say to hang those who have committed treason. This is the truth!!

    ReplyDelete
  6. the_last_name_left is a moron.

    Let's all trust the word of the very people suspected to be a part of a profitable conspiracy.

    Lol, throw your conspiracy theorist charges out there too.

    Though Michael Rivero is a bit too left wing for my taste (giving from the producers to the consumers doesn't work economically), he has a better handle on government corruption than stooges/morons like yourself.

    It's a if you have no idea what a clever lie really is. That is the tell that you are either supporting such behavior or just to gullible to see it.

    ReplyDelete
  7. the_last_name_left...

    if you want the facts, the answer to your attempted obfuscation question, just go to his website where the "facts" have been for years.

    Not to mention the "fact" that this short 4 minute video right here in this blog article answers most of that for itself.

    ReplyDelete
  8. the last name left

    I just figured was one of those government paid people that go around the internet protecting their masters and not a moron. But most likely he/she is both. But you have to be pretty much a moron to work for the government like that anyway. Always protecting the lies and trying to cover up the truth.

    ReplyDelete
  9. Pelosi and hubby had $12 million in AIG which was about to tank. Pelosi and Frank got Paulson, or Paulson got himself to threaten economic chaos and rioting if his pals and others were not bailed out at once (He did not use the term, 'my pals'). Democrat party sympathizers (Lehman bros.)were allowed to fail and within minutes the congressional marshall law declared by Pelosi Friday night defecated a bailout which saved Pelosis' investment when declared driven home Monday morning by Barney Frank. That's Smellosi having an orcashim next to Frank over being in power to personally embezzle America for $12 million. Congress voted it down until they could add their own pork to the feast and pass it the following Friday. And 'No' the repayments are not in as high quality assets as the labor to pay taxes to cover this mess.
    Which makes it doubly insulting.

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    Sign here, meathead.

    ReplyDelete
  10. This video is very naive to think that politicians publicly list all of their assets. When you run for Congress, AIPAC gives you a written test to see exactly where your loyalties lie. Then you have to schedule a visit to Israel, where they set up a numbered Swiss bank account, where you check your account balance after every important vote. Congress sends billions to Israel and Israel kicks back a set percentage.

    A Jewish rabbi, Dov Zakheim, was put in charge of the Pentagon. He stole over 4 trillion dollars. He would classify a fleet of F-16 fighter jets as junk and sell them to Israel as scrap metal. Keep in mind that the defense budget was about $250 billion at the time. When Pentagon accountants caught them red-handed, terrorists flew a airliner into their office. Congress did nothing except to vote in the Patriot Act without even reading it. Cha-ching.

    ReplyDelete
  11. Aside from personal attacks nobody said anything.

    Let's have THE FACTS.

    ------


    Congress members were invested in the Wall Street Firms behind the Mortgage-Backed Securities Fraud"
    ----

    WHAT CONGRESS MEMBERS?

    WHAT INVESTMENTS?

    WHAT WALL ST FIRMS?

    ReplyDelete
  12. Last man -

    LOL Watch the video, go to the website in the video - many of your questions will be answered!
    It is all Fraud! The government is protecting the FRAUD! Look at Florida, they just fired the 2 attorneys in the AGs office, which broke the mortgage foreclosure FRAUD wide opened!

    Just look at the FACTS yourself, they are all over the net and if you can't see the truth, then just go back to your sheep pen with the rest.

    ReplyDelete
  13. last name do your own research, you entitlement people make me sick. You are not entitled to have others do a simple 10 second search.

    I'll get you started..

    http://www.opensecrets.org/news/2011/11/goldman-sachs-congress-investors.html

    ReplyDelete
  14. The one thing that i remember the most clearly over the past 40 years of my school days at Brandeis University in 1970's are my student adviser's words that when he was growing up that his grand parents and parents used the term "‘goyishe kup,’" meaning that the "Non-Jews are Stupid"

    Later in life I learned that the exact translation of "GOYISHE KUP" means that the "Cattle are STUPID"..

    I remember him recalling whatt his father told him when he was growing up in Eastern Europe. One of them being that when his father was in high school he and a group of friends would skip school early on Fridays and go over to his friend's father's butcher shop. That they would buy at cost any cows , that had not been butchered by the end of the day on Friday before the start of shabat . They would take the cow home and wash it and then the boys would procede to "beat the udders of the cows so that they would swell up and turn pink" so as to sell them to the "GOYISHE KUP" as milk producing cows.

    The part that I remember him asking me if the East Europeans are so naive, so gullible and so stupid to buy old "non milk producing cows" from a bunch of young Jewish Boys.

    So thinking of it now I agree with the Jewish saying that the "GOYISHE KUP" are indeed" Stupid" as they believe that a Bunch of Arab Moslem Kids who were not able to Fly a Cessna Airplane took it upon themselves to FLY a Jumbo 747 and outwitted the US Militaryand Civilian authorities. The "Jewish Lightning Insurance Scam" of the 1960's is still alive and well has been put to good use by Larry Silverstein in putting 15 million down and comming out with 7 billion dollars for buidings that no one wanted to buy because it would have cost a billion dollars to remove the asbestos from. Then on top of that the people in America actually believe that they actually decide who is elected President or for that that actual VOTE is really counted and makes a difference in deciding who represents them in the White House and congress.

    http://www.youtube.com/watch?v=5dfc5F2pQeg


    http://www.bing.com/videos/search?q=911+missing+links+watch+movie&view=detail&mid=51A7141F33FBB715D84C51A7141F33FBB715D84C&first=0&qpvt=911+missing+links+watch+movie

    http://www.youtube.com/watch?v=rVTXbARGXso


    http://www.911missinglinks.com/

    bollyn.com


    http://www.youtube.com/watch?v=3Rzlb4Zwl74&feature=related


    http://www.youtube.com/watch?v=8YaFGSPErKU&feature=related


    http://www.youtube.com/watch?v=5vAR-AaEroA&feature=player_embedded

    http://www.youtube.com/watch?v=DxnpujfanUM

    http://www.dailypaul.com/253111/new-9-11-truth-documentary-among-most-watched-on-pbs-this-week

    http://www.youtube.com/watch?v=ltP2t9nq9fI&feature=youtu.be

    whatreallyhappened.com rense.com

    http://www.brasschecktv.com

    http://www.youtube.com/user/ae911truth

    Yeh I agree that the AmericanNon-Jews are indeed American "GOYISHE KUP" or "STUPID CATTLE"!

    ReplyDelete
  15. Thanks Mike.......

    "To feed all people, you must first get rid of some of the people"... Ponce

    ReplyDelete

Thank you for commenting. I moderate the comments due to a mass amount of spam, even though there is a word verification needed. I also moderate them due to some very foul and violent comments at times. Thank you for understanding. I am not at the computer constantly so sometimes it takes a little longer for the comment to show up. I appreciate hearing from you and you adding your voice to the conversation. Sherrie