bankruptcy is Miami's best HOPE ... and Los Angeles too?

Mish Shedlock talks states ans cities bankruptcies
recorded on May 27th 2010

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[huskerbird1]

@xmenrus You blame the unions? get real!!!, unions did the cdo's? I think not,unions made the created the nasdaq bubble? the housing bubble? the commercial real estate bubble? and comin to a neighborhood near you, the medical employment bubble!, and anything else that is artificially balooned. Yep unions have their problems, but to let the wall street banksters off the hook, huge problem. Sorry, get off the workin stiffs back. I know, I was one.

[xmenrus]

@huskerbird1 What's taking it all down are the totally incompetent government beaurocrats. They blame the banks for the RE balloon but don't see it was US congress that was pushing banks for more and more loans, forget about due deligence, Freddie Mac, Fannie May will buy and they did. The congress and Fannie May and Freddie Mac new they were buying CRAP but to hell with consequences. Now we are all fucked! Thank you US Congess!

[huskerbird1]

@xmenrus brothers a bank vp and spends time with the big banks, I owed him some money from a real estate trans, lost my job, asked him to give a couple of months to catch up, he said sell your house, took the money from a retirement account, paid the bastard off. and hes no longer family to me. proved he was a banker first, a brother second

[xmenrus]

@huskerbird1 To be fair to all involved. I separate people who work for banks from those who control banks.  Most bank workers have absolutely no clue about about the truths you and I have discovered.

[huskerbird1]

@xmenrus I understand, I am aware of many conspiracies, and,,, WE ARE ON THE SAME PAGE. I have only feelings for the common man. Dad sells ins. brothers a banker, I'll come to the aid of one of them, can you guess which one?

[xmenrus]

@workwillfreeyou Yes, the problems are immense because the peoples representatives have been bought off and allowed government to become our masters and made us serfs to an uncaring master. Most people know there is something wrong but don't know what it is. We are living in a matrix: Things are not as they appear.

[xmenrus]

@huskerbird1 (continued)The courts have ruled that FDR notes are NOT dollars. Dollars per definition have to be secured with GOLD/SILVER. The courts have ruled FDR Notes as "debt drafts". It is the largest SCAM by a government over its citiizens in the history of the world. There are many other scams that if you knew about them would blow your mind. But enough that through the fiat/debt bank drafts, Fed Notes, all americans have been made debtors for all their lives.

[xmenrus]

@huskerbird1 Unions are corrupt. They work hand in hand with corrupt politicians. Banksters are corrupt, they are allowed by corrupt politicians to operate under clearly unconstitional "Congressional Policy": March 6, 1933 when congress removed Gold and silver as legal tender, as required by the constitution, and placed Federal Resreve Notes or fiat money (monitizing debt). .

[xmenrus]

@huskerbird1 Europe is toppling due to socialized transfer of payments from the producers to the leaches. The leaches to a great extent are the Unions. Look at Obama. Because the unions spent $millions toward his election, he is now giving them $billions to ensure that their retirement and benefit plans, worthy of potentate, and that no regular working slob sees as going to heave. This is the kind of stuff that is driving this country to bankruptcy.

[huskerbird1]

@xmenrus you cry about the unions when the real thieves are wall street, wash, big pharma, and endless military empire. wake up