.

Reaching

A Tipping Point

.

.


Why this below comment is so import is its from

Mervyn King,

Governor-Bank of England.

London is the recognized Banking Capital of the world

[It Should be From Ben Bernanke -  Taibbi]

.

“It is time to do something about the

banking system…

It goes to the culture and the structure of banks: the excessive compensation, the shoddy treatment of customers, the deceitful manipulation of a key interest rate, and today, news of yet another mis-selling scandal.”.

.

Banksta

It’s Not just 411 and a few others shouting

Bankster

.

.

Frequent Commenter

JIM J

is the author of this editorial

Many thanks!

.

The TOO BIG TO FAIL BANKS ARE

CORRUPT, FRAGILE, GROWING AND

IN CONSTANT NEED OF BAILOUTS.

.

.

  • JPM received $29 billion basically 0% loan to buy Bear Stearns. UNPRECEDENTED


  • Too Big to fail JPM has/is getting ANOTHER $400 to 500 billion. UNPRECEDENTED


  • Just the too big to fails that have members on the Fed board have received, like JPM, over $4 trillion. UNPRECEDENTED


  • And the Fed continues to shovel it out to the group that almost destroyed the financial structure of the world UNPRECEDENTED


  • A group that makes hidden trades in  financial WMD’s (Warren Buffett term) UNPRECEDENTED

.

  • An opaque casino market that is over leveraged to the tune of $700 trillion dollars UNPRECEDENTED


  • Too big to fail banks that skim profits in High Frequency trades (see Paul of Barr to explain HFT’s) UNPRECEDENTED


  • Too big to fail banks that, like the mafia (Matt Taibbi) rig the bond market UNPRECEDENTED


  • Too big to fail banks that rig 10′s of trillions in LIBOR related loans for decades. UNPRECEDENTED


  • Too big to fail banks like JPM that lost 30% of its value because no one knew how over leveraged the loss was UNPRECEDENTED

,

  • The banks for years get their own opaque accounting system UNPRECEDENTED

.

Do YOU get the same UNPRECEDENTED treatment?

Does YOUR local small Business get

the Same UNPRECEDENTED treatment?

.

Skimming from our Stock Trades, Bonds, Mortgages

Running over leveraged casino gambling with OUR money

Given continuous special bailout by OUR Fed

Owning our Politicians with Their Contributions

.

.

Today’s reads

.

THE LONG CON – How the Too Big to Fails

have been stealing from for decades

.

THE MICE THAT ROARED How cities/towns

are starting to defy Wall Street Bankstas

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PREDATOR NATION: Corporate Criminals,

Political Corruption, and the Hijacking of America

.

******************

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STOCKS

.

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MORE STOCKS IN NEXT 411

For Now

Long Term Outlook

3+ months

Remains Unchanged

.,

NEUTRAL

.

AS ALWAYS, DO YOUR OWN RESEARCH BEFORE INVESTING

ALL TRADING INVOLVES RISK & POTENTIAL LOSS OF PRINCIPLE

CHECK ALL DATA, I MAKE MORE THAN GRAMMAR  ERRORS

.

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