In a speech to a joint session of Congress, President Barack Obama says the money Americans have deposited in U.S. banks is safe and the nation can rely on the continued operation of the financial system. (Feb. 24)
If the banks were being held fully accountable the federal government would let them fail like they should in a free market economy. But I guess if happen to like socialism...
The FED, acting as bartender, gives out free booze to the bankers
The banks in turn have created many fake instruments like derivatives
One quadrillion dollars is the sum of outstanding fake derivatives (fake money pledged by the wealthy banks to buy real things) 1,000,000,000,000,000 on the market, (e.g. a bank with only one real dollar can legally say it owns several billions of real dollars) The total combined assets of the world is only actually a very small fraction of that sum!
rofl! tell da truth! They funded your campaign liar! Do something more than "shame on you" then we might get the fuck out of this mess!
InfoBattleScars01 2 years ago
prove it
BourbonWhiskies 2 years ago
lol, he's like "yeah he's still talkin, it'll be another 45 minutes at least before i get outta here"
gilbertl2000 2 years ago
If the banks were being held fully accountable the federal government would let them fail like they should in a free market economy. But I guess if happen to like socialism...
gilbertl2000 2 years ago
The FED, acting as bartender, gives out free booze to the bankers
The banks in turn have created many fake instruments like derivatives
One quadrillion dollars is the sum of outstanding fake derivatives (fake money pledged by the wealthy banks to buy real things) 1,000,000,000,000,000 on the market, (e.g. a bank with only one real dollar can legally say it owns several billions of real dollars) The total combined assets of the world is only actually a very small fraction of that sum!
sugarpuddin88 2 years ago
No, he's just checking his Facebook page!
jerzeemike 2 years ago
Is Joe Biden texting?
chantdownBABYL0N 2 years ago
Yeah right, I'll believe it when I see it, the banks run this country not the gov't
3dbeing 2 years ago