Ratigan: Where's the fraud investigation???

[Weiszcracker]

The Securities and Exchange Commission charged former United Commercial Bank CEO Thomas Wu and vice presidents Ebrahim Shabudin and Thomas Yu with illegally obscuring their bank’s mounting losses. From the sf examiner

[AceOfHeart2012]

The banks are foreclosing on homes the NEVER even owned and then, in conspiracy with the courts and their enforcers, take these properties back at gunpoint. My God America! All I can say is that the municipal fluoridation program is apparently a rousing success. I'd be ashamed to call myself a U.S. Citizen. (Or a Catholic... Let's not forget the kid fucking.)

[AceOfHeart2012]

The fraud starts at the inducement. As I grasp it, the signature on a mortgage note pays for the home in full. The note is then securitized and sold to the FED and listed as an asset on which the FED then loans out yet another 9 times the face value amount of the note. Copies are made and the originals are shredded. This is why the banks can never produce the note in court. There is never a loan made. That;s the secret. The signature creates the funds and is exchanged for the real property.

[gboy1441]

i agree. release all the bank robbers in jail who are still alive. this all boils down to 40 trillion stolen by the top 10% and congress. and now the other 300million population will WORK for scrap for them for their entire lives its that simple. slavery. or having 10% 'nobles' enslaving 90% of peasants, and middle class. dont people get it, its over. you and your kids are now enslaved to those who control the money through theft over 40 years. ENJOY IDIOTS! :). demo or repub, your both dumb.

[fal2grace]

@gboy1441 thanks for commenting

[getabrainasshole]

GEITHNER........HOW,WHY did he get his current position?

[chuckyfunk1]

indeed... where's the fraud investigation for GE? why didn't they pay any taxes this year? Where's the investigation for Franklin Raines? Who let AIG get bonuses (*cough, cough* Sen. Dodd)... this is nothing more than Bread and Circus

[getabrainasshole]

start by getting rid of barney iamaslob franks...................you know about freddie/ fannie well barney did everything he could to allow the corruption to happen!

[patbarkley]

I love Eliot accusing other people of crimes.

[getabrainasshole]

@patbarkley whats even funnier is that the same politicians keep being elected for twenty some odd years and then this happens!!

they so filthy drunk on their power they are going to pass amnesty and then get more votes from the illegals/ head hackering drug dealers and their anchor bombs children!!

i'm watching a powerful nation fall to pieces because of the corruption; waiting to see an exodus of of "legal" immigrant children to their native country!

[rrought317]

How you solve the problem is by ending the FED and the income tax, not by slapping the big banks on the hand and saying "no-no!" National and international banking must fail in order to solve the problem.

[justjacqueline2004]

Again where are the cops?Are the cops so compromised that there is nothing but silence where ther should be a lot of Ivy League oiks doing time,or perhaps the law does not apply to Sumners et al?

[fal2grace]

i agree with you; if a kid walks into a convenience store with a pistol and takes $50, there are police...

[g0sty]

There is police involved, when a child throws a piece of MEAT at the dinner table.... This man steals billions of dollars, from millions of people. The cops sit back and watch. Really shows us how the cops are really protecting those people that have the money, that pay them.

Think about all the millions these banks pay these cops to shut up. Most people would just shut up, but there is good cops out there, with children watching innocent people die for these bloodsucking leaches.

[fal2grace]

Thanks very much for commenting.

[marcusyizong]

mainstream media covered it up and now they are exposing it. .. timing is everything ain't it..

[fal2grace]

hmmm... you could be right. thanks.

[CTOL1]

Woot Thanks for sharing your TV with us and I am glad I let you have control over the remote LOL

[fal2grace]

:) :)

[SirSpoon84]

haha :D

[spoiledbrat1440001]

Elliot Spitzer is the new Elliot Ness.

Good for him! No wonder the big wigs tried to destroy him.

[fal2grace]

exactly!

[vloggercentral1]

i think eliot did plenty on his own to destroy his office.

[skybirdbird]

it is an abomination....it is an Obama Nation.....

finally some truth is coming out.......

as far as I am concerned it IS illegal.......

[fal2grace]

i agree completely! thanks skybird.

[chena3]

i wouldn't let tim gietner brush the dirt off my parsnips.... timmy ... should be made to roll pennies, by hand , 8 hrs a day... until he admits the truth and is willing to deal accordingly .. whack em all ..

[fal2grace]

fabulous chena!!! one of your best ever:)

[skybirdbird]

Thank you chena for this one.....I am still giggling...I needed that

[1mealperday]

sorry, hit 4 by accident. Thank you for posting. Ratigan is one of our new heroes

[fal2grace]

np:) yep i like him.

[debtruth1]

glad to see Spitzer back!!!! great clip, thanks!

[fal2grace]

you're welcome, deb!

[6283125]

There is an error on the screen starting from the beginning it say 12.9million it should say12.9 billion.

[fal2grace]

good catch!