An argument against Wall Street protests is that the protesters are socialists.
Ha ha. The protest is all about big banks investing in socialism in the Euro zone and also accepting socialist benefits from the George Bush/Goldman-Sacks(Sachs?) era of the Colorado fello who's name we can't even remember.
Everyone needs to join the capitalist movement, i.e. we love winners and hate losers. Banks are losers and crooks. Be a capitalist! Support the movement against those who have been fooled but be compassionate to those who don't have intellect at the present time.
Friday, October 7, 2011
How to Hide Euro Debt from US Bank Regulators - Short Course
If we were unscrupulous individuals (we are not,) then we might think in the following way:
1. Send some US$ to a holding company, one layer out of site is probably OK, maybe two.
2. Instruct the holding co. to buy Euros with the US$s you deposited.
3. Use the Euros to "safely?" obtain higher interest rates in Europe.
4. Meantime, don't bother to lend in the US (your charter) just try to sleeze by.
5. When the regulators take a look, everything seems fine.
6. Unless and until entire socialist nations default one by one in Europe.
7. At that time, ask for the US tax-payers to bail you out again.
8. If that doesn't work, see if the Fed can print enough money to help you while everyone else gets screwed.
Simple. Plan A and Plan B, one of them should work.
The best part? If you get caught, just make sure there is no clear trail to the top, i.e. just blame someone else!
1. Send some US$ to a holding company, one layer out of site is probably OK, maybe two.
2. Instruct the holding co. to buy Euros with the US$s you deposited.
3. Use the Euros to "safely?" obtain higher interest rates in Europe.
4. Meantime, don't bother to lend in the US (your charter) just try to sleeze by.
5. When the regulators take a look, everything seems fine.
6. Unless and until entire socialist nations default one by one in Europe.
7. At that time, ask for the US tax-payers to bail you out again.
8. If that doesn't work, see if the Fed can print enough money to help you while everyone else gets screwed.
Simple. Plan A and Plan B, one of them should work.
The best part? If you get caught, just make sure there is no clear trail to the top, i.e. just blame someone else!
Bank of America - Next to be Broken up by Regulators
The bank has no capital. It's been selling assets, at a loss, to raise capital. It has huge losses in US mortgages and in poorly managed European risk.
Just go to any branch. Unless you agree to put your own money at risk to the tune of $500,000.00, the bank will not even cash a check until it has first been paid by other banks that don't trust BofA and rightly so. See if you can cash a Chase check with BofA... ha ha!
These people have put the FDIC at risk with Euro investments.
Our advice... withdraw and find a solvent bank... quickly.
Just go to any branch. Unless you agree to put your own money at risk to the tune of $500,000.00, the bank will not even cash a check until it has first been paid by other banks that don't trust BofA and rightly so. See if you can cash a Chase check with BofA... ha ha!
These people have put the FDIC at risk with Euro investments.
Our advice... withdraw and find a solvent bank... quickly.
CNBC Trashes Protesters - Supports Bank Bailout by Taxpayers!
Anyone who supports $1T plus to payoff bankers who can't perform, i.e. fail at running their businesses, is either dimwitted or a crook. We don't like either one.
There is no democrat/republican issue here, just a result issue. Banks have failed and will soon fail again. We only focus on results, not misguided rhetoric.
That's how we make money. We focus on results and we call a loser a loser. Bankers are and have been losers. Their business is to make money from collective deposits, not to lose money and default on the deposits.
Let's get real CNBC.
There is no democrat/republican issue here, just a result issue. Banks have failed and will soon fail again. We only focus on results, not misguided rhetoric.
That's how we make money. We focus on results and we call a loser a loser. Bankers are and have been losers. Their business is to make money from collective deposits, not to lose money and default on the deposits.
Let's get real CNBC.
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