The Looting of America: Billionaire Bailout Society

[eltranced]

fantastic enterview

[AbdallahElMalak]

(mind my grammar errors, i have typed this statement a bit too quick)

[AbdallahElMalak]

Have you anyone realized that every good president that is running any country the world, eventually get poisoned/shot/exploded just for doing good deeds for both their people and their country?

[Cabronosidad]

"I'm surprised at how gutsy Wall St has been. I didn't think they'd come in our face this quickly". How come, since they own all the politicians through campaign contributions ? For a clever man he sounds incredibly naive.

[SwissProsperity]

LEARN THE INSIDER SECRETS OF THE SUPER WEALTHY !!

30billionaireschangingtheworld dot kom

Start empowering the masses

[bniziol]

America has been ripping off the world for years. Now they are ripping off their owm. Good it is about time it came home to rest. Lets see how the the exporters of so called freedom get back their own. Do they have the courage to take back their country. I guess we will find out. Good luck.

[2besavedcom]

Over many years we have all been lied to by our Govts. Not just our Govts but by Religous Leaders. We have been taught things that are not in Scripture & many have swallowed many lies by these false prophets. If you are a truth seeker please visit the web site which is displayed in our user name & take the time to read some of the articles.You will be shocked. THERE IS A GREAT AUDIO FOR YOU TO LISTEN TO. You WILL COME AWAY ASKING MANY QUESTIONS. REAL SHOCKING.

Blessings as you seek truth

[breckandy]

Quotes us little people don't forget:

only the little people pay taxes.--Leona Helmsley

"Let them Eat Cake" - Marie Antoinette

"We're doing God's Work" -Loyd Blankfein

[fpyout]

guns stop billionaires. That's why they all push for anti-gun laws. The only thing left they fear is the common citizen with a gun that will sneak up behind them and their ferrari and put a bullet in their face.

[metalreign81]

Les is forgetting the golden rule:

He who has the gold makes the rules

[ProsperityGlobal]

Les Leopold is an ignorant Communist!, He is against the the Bailouts that saved the US Economy.

If the Government didnt use Taxpayer money to bailout wallstreet, the sky was going to full down, the oceans would have ridden and the Sun would had exploded.

[thomasmoonman]

you start by having the guts to call someone ignorant, yet follow with a comment that literally lowered the IQ of whatever nation you are from. You cannot spend your way out of debt...

[ProsperityGlobal]

it was a joke.

[thomasmoonman]

im glad :)

[drusillalaughs]

that is a propagandist statement and you know it. you're just sprouting poetry for some weird reason..Government, Taxpayer, Sun

[bofors7715]

Les Leopold is a pathetic Obama apologist.

[bobbygnosis]

At what point do we do a sit-in on the Senate floor?

[Relugus]

The Treasury and the Pentagon are nothing more than corporate welfare vendors, siphoning taxpayer money to corporations and banks.

[MrSuperpunch019]

Ronald Reagan fucked everything up.

[Jacobrester]

@MrSuperpunch019 How did Ronald Reagan fuck everything up ?

[wolftreetree]

@Jacobrester Reagan was a normal president, then he was shot, after that the polititians would be talking about world peace,

the economy etc, and he would mention the shoes they where wearing etc, he lost it after the assasination atempt, and washington hid this from the public. I imagine after his injury the powers that be could pass anything they wanted. I also think Nancy did the best she could.

[averageworkinggal]

@MrSuperstench019 -

Ronald Reagan was long gone before the Democrats and their socialist "Housing Goals" agenda mandated and incentivized a flood of risky mortgages on the credit markets and zombiefied the banks.

"Bubba" Clinton, Barney Frank, ACORN and Obama (ACORN's lawyer and Senator) are the guilty ones for running the risky mortgage shakedown of the economy.

[AlmightyJerk]

Don't mind this averageworkinggal aka Avg SHILL.

It's paid to say stupid stuff.

As in...

It still doesn't see anything wrong with 911.

[averageworkinggal]

That's right, Goldman Sachs (GS) is back in the "Liberty and the Free Market" because it ended its defacto nationalization by the US govt. by paying back all of its TARP funds with interest and with the extra premium to pay off the US govt's future warrants on GS stock.

The US govt. made a handsome profit off its forced capital injection of TARP funds to GS.

Now GS is back in the Liberty of the Free Market and can pay its Billionaire Bankers what it wants to.

[666sigma]

Did GS repay the $13 billion backdoored to them through the AIG bailout? Moreover, GS is the one that ran to Tiny Tim at the NY Fed to get AIG bailed out in the first place.

GS promotes flash trading and shorted CDS at the same time they sold them to their clients.

Paulson belongs in jail along with most on Wall Street. The derivatives casino will collape, again, and I wonder if the government will realize that these overleveraged pricks are too big to save.

[averageworkinggal]

@666sigma

Nothing was 'backdoored' to GS from AIG - AIG had a CDS contract with GS - Treasury was in control of AIG and several AIG counterparties, not GS, refused to take haircuts on their AIG CDSs- which meant lawsuits - so instead of trying to manage case by case arrangementsin a financial crisis, Treasury decided it was more efficient to treat everyone the same - so GS got par on their CDSs with AIG even though they would have taken a haircut.

You show your financial crisis ignorance.

[666sigma]

The government had no obligation to honor the obligations of a bankrupt company. AIG wrote $2 trillion worth of CDS that they could not back. GS orchestrated the AIG bail out.

You show your ignorance of blantant corruption between Wall Street and Washington.

[averageworkinggal]

@666sigma

Again you show complete ignorance of the facts of the financial crisis, as is the case with all crackpots.

If AIG was bankrupt, then it should have filed for bankruptcy protection.

But that was simply too systemically risky since this was just as the shockwave of the Lehman disorderly bankrupcy was causing a worldwide credit freeze and economic collapse.

An AIG disorderly bankruptcy would have been far worse than Lehman.

AIG did not write $2T in CDSs.

You're a crackpot.

[666sigma]

Your anger is quite obvious. Did you forget your meds, again.

BTW, I worked at AIG. It's $2 TRILLION,

[averageworkinggal]

@666sigma - you show tremendous financial system ignorance - if those 'overleveraged pricks' go under, so does the economy because they're the ones with the lending power that keeps the economy operating - the Lehman shockwave is the perfect example of what happens when an 'overleveraged prick' fails.

[666sigma]

So you bought the story? Now, who's dumb? The government may have restored some confidence, but it cannot back stop Wall Street's gambling. It's too big. Too big not to fail.

Even if they felt the bail out was necessary, these corrupt pricks should have been thrown in jail so the morale hazard is eliminated. All they had to do was enforce SOX.

The derivatives casino should largely be shut down, not regulated.

[Trekkerjon]

++ if those 'overleveraged pricks' go under, so does the economy because they're the ones with the lending power that keeps the economy operating -+++ I think we missed an opportunity to nationalize the banking system.

[averageworkinggal]

Billionaire Bailout?

How about Blue Collar Bailout - that's far more accurate - the GM and Chrysler bailouts were done for one thing by the Dems - Bailout the Unions - the UAW!

The UAW owns GM and Chrysler now.

Those hundreds of thousands of laid off Wall Street bankers don't feel like bailed out billionaires.

Neither do the stockholders (the real owners of the banks) of those Wall Street banks who saw their equity wiped out when the stock prices of the Wall Street banks collapsed.

[averageworkinggal]

RT, still harvesting US kooks, in this case RT went Left Wing Kook instead of Right Wing Kook this time.

Les Leopold is a far left loony.

[666sigma]

The American taxpayer did not give this money to the Corporate Entitlement Class: Bush, Obama and the Congress did. Hopefully, the average American starts to realize that the Democrats are not looking out for them.

Obama is a scumbag in the pocket of Goldman Sachs. This idiot doesn't know shit.

[averageworkinggal]

Nobody gave the bankers anything.

TARP was a short term direct capital injection to halt a financial panic and it resulted in minimizing the panic and the damage to th economy and was a defacto nationalization of the banks.

The defacto nationalization is still in effect for those firms that have not repaid their TARP funds, e.g. the PAY CZAR tells the TARP banks what they can pay their Billionaire Bankers.

Unsick banks like GS paid back their TARP funds and are back in the Free Market.

[ATOMsMasHER22]

Russia wants us to take out the gov for them.

[snappa52]

the soviet heirarchy has turned into the oligarchy of a supposed democratic russia. gorbachev told the bureau that there would be no real change in the system and that they were trying to lull america to sleep. but maybe what they didnt bargain for is that our oligarchy wants a fascist, socialist state under the model of the chinese state. in reality, there is no opposition between our oligarchy and the russian oligarchy other than a lot of theatre. we have the same financiers

[deltaalpha21074]

Wealthier will be fucked in two and half years.....I promise that.

[farmboycarl]

All experience hath shown that mankind are more disposed to suffer while the evils are sufferable, than righting themselves by abolishing the forms to which they've grow accustomed.

In other words, good luck getting people off the couch, away from their wide screen tv's and their budweiser.

[JessicaBelle81]

omg this wasn't a "Milton Friedman fantacy of deregulation". This guy's a Communist.

It's the Federal Reserves monopoly over money and credit and a fiat dollar that caused the recession.

[uzhasniy]

Proletariat of all countries UNITE!!!!

[doc7474]

'Too connected to fail'..that seems like a very good way to describe these bailed out companies.

[snappa52]

Pres. Obama received more money from wall street than any other candidate. you're right there is a network between washington and wall street

[Dean0000007]

I wouldn't invest in any business without regulation, too big of a gamble with "my" money.

[Redcarpet01]

ROFL! Deregulation was clearly part of the problem

[wildchildplasma]

This guy puts the issue over well.

[meka4996]

See who funded Obama's campaign? how can you regulate the bankers who regulate the Govt's policies themselves??

How can you regulate the politicians who regulate the people themselves??

[sirellyn]

Friedman's deregulation didn't kill any sort of natural progression, but what had happened was selective "deregulation". Opening holes in laws that fantastically wealthy people could move through, and at the same time raising barriers for the middle class and poor.

Now you'll have people rally against deregulation and you've tricked them into asking to be further controlled.

[Plat465]

We share a love for a freedom and a manifest destiny.

[fuhmeregan]

One word: Jews. Deregulation was done by bribed and bought politicians like Phil Gramm. This ALLOWED Jewish top bankers to create worthless products like bundled 'mortgages' which they sucked-in the world into buying. Paulson then gets the government to give the Jews 100's of billions dollars. USA, REGULATE YOUR FUCKING BANKS LIKE CANADA DOES - YOU FUCKING ASSHOLES.

[SvrchovaneCechy]

He is partially right in the description of causes and symptoms of this mess but like any other american marxist he is deadly wrong in suggesting the cure. We are in a deep shit because of the government spending and programs, not thanks to the unfullfilled ideal of capitalism. Obama and his obscure administration are not a holy cows but puppets directly working for the banks. Their task is to destroy the republic and bury remains of free markets and capitalism along with our freedoms.

[KosmicCitizen]

@SvrchovaneCechy BOTH the state and capital are enemies of human freedom.

[SvrchovaneCechy]

How possibly a capital can be an enemy of human freedom?

[NosceTeIpsum11]

I agree!!

[DolphinFilms]

Omg another collectivist that blames the ills of society on capitalism and free markets instead of corporatism, gov't controlled markets and the fed. And the solution is always more gov't control and less freedom.

[unameitltd]

paper and emoney enables economic slavery.

Gold and silver money are the guardians of freedom

READ THE CONSTITUTION: Only gold and silver can be legal tender.

[seanboy80]

Nothing has changed to correct what got the US in the economic bind its in now, and the exact same things are going on between the banks now as before. That's why, as the economy worsens, there will be an eventual revolution, a bloody revolution, in the US similar to the French revolution.

[heydrichmuller]

People think we joke when we speak of a bloodier revolution that the French. The time for 'eating cake is over'. Wake up America! Take back America for Americans!

[bigsteelguy]

the zeitgeist Movement

The option is

Eliminate Money

and make a transition to a Resource based Economy

Research the Venus Project

[rsnboy08]

Zeitgeist all the way, brother!

[LibertaerUeberAlles]

Instead of advocating Libertarianism which stands opposed to bailouts of any sort, we'll advocate Progressivism which brought us the culture of "billionaire bailouts."

Yeah, more Progressivism needed. Quick!

[LibertaerUeberAlles]

I like how people refer to Milton Friedman without actually knowing what he advocated.

Milt supported a monetary system based on Monetarism, not Keynesianism. The banker bailouts are products of the latter. They would not be possible under strict Monetarism. An even better system would be decentralized, competing currencies. No Federal Reserve.

Also, as a Libertarian, Milt is by definition opposed to bailouts. But we won't mention that here.

[AlmightyJerk]

END THE FED!!!

[NylaRossini]

The world looks on as the majority Americans continue to sleep as their country descends ino the pits of hell!

Oh how they love to spout the nonsense 'god bless america, land of the free, home of the brave rubbish'..absolutely disgusting!

Stop wasting time and money invading and destablilising other countries to 'civilise and free' them and tidy up your own house which is in a bloody mess!

WAKE UP YOUR COUNTRY HAS BEEN HIJACKED BY BANKING CRIMINALS!!

[ThePresidentialTouch]

END THE FED!!!

[wdcsucks1]

big bankers are more dangerous then standing armies!!! they are your enemy!!! watch:

"Soros: China Must Be Part Of The New World Order"

these monsters are worse the al-qaida!!!

[wdcsucks1]

END THE FED!!!

[navtel]

when history looks back on the fall of the USA economically and morally, it will be more apparent to those who cannot see it now. so many relate to the health of america thru the Dow and that is so far from the truth.. soon we will see..

[igorvasilevsky]

US is not a nation. They are mass of immigrants.

[matsutakneatche]

i hereby fart on yr' mouth asshole

[SvrchovaneCechy]

Very good point. Americans love to call themselves a nation despite the fact they do not demonstrate any mono-cultural, racial and territorial homogenity. I personally doubt that they even understand the meaning of the definition.

[cruzander]

people love their national myths. America is a big shopping mall. That's all.