American Banking is Really Blackmail and Extortion

[lib2DaBone]

I was just contemplating our fearless leader's giveaway of cash to 9 U.S. Banks today. $250 Billion that will eventually be sucked out of our wallets (one way or another) in the form of higher taxes. I reflected on the fact that $25 Billion of this largess will be going to J.P. Morgan Chase. Here's an outfit that has done nothing legal in the last 30 years and is staffed by CEO's who should all be wearing prison orange jumpsuits.

But I digress. So the theory in this free cash give away to the banks,(and it's the theory that we are expected to believe,) is that if we throw cash at them , somehow , this will encourage banks to start lending again and this will magically cancel 30 years of abuse and get the economy back on track. (BTW.. there is no mention of the tiny fact that there are no jobs left in America because Bush sent them all to China)

I may not be the sharpest tool in the shed, but it seems to me the Banksters have a real sweet con game going here? All they have to do is stop lending long enough to turn on the "free money faucet" and then generously offer to resume lending when enough ransom has been paid.

In the meantime, the CEO's and politicians party like rock stars at fancy hotels while we eat beans for dinner. Seems to me, that you and I are in the wrong business. Crime DOES pay.. and pay well.

[PDJane]

1. If the general populace knew........

How the banking game works and how much damage unbridled capitalism does to the environment and our abilities to produce food for ourselves, the world would be in revolt.

[leftofthedial]

2. this bailout is like giving a meth addict a pound of the stuff for christmas

it will fund another binge of insane excess for the connected, encourage yet more credit buying and fuel the inflation that official economic statistics like to pretend doesn't exist. The next President will have an even worse mess on his hands when this latest supply-side binge is over.

[ixion]

3. yes, at a minimum they should no longer be able to charge bogus

service fees for everything, and in fact should go ahead and do away with insufficient funds charges, since we're bailing out their ass now.

[underdoggie]

4. BANKSTERING

It has been said...

WHY ROB A BANK?
CAUSE THAT'S WHERE THE MONEY IS.

THE BEST WAY TO ROB A BANK IS TO OWN ONE