Wall Street was certainly an eager participant in and is partially responsible for the financial collapse, but by no means did they do it alone. Your piece above pretends that housing bubbles come out of nowhere like rouge waves – without any identifiable cause. Housing bubbles can’t happen without the means to buy houses, and in this case the means was cheap, plentiful money provided initially by the Federal Reserve to banks, which act as the distribution system. At the same time, there was a disconnect between those working with the public to lend the money, and those who bear the risk of the loan. They were lending other people’s money – which turned out to be taxpayer money – and were making money themselves based on how many loans they made, regardless of whether the borrower could pay back the money.

Then, the lard-ass from Massachusetts and the rest of his crew lowered underwriting standards so everyone could play. Finally, the rating agencies totally and utterly failed and should be chased out of the country as they are corrupt idiots. By the time it all got to Wall Street, it was already a disaster. Wall Street misrepresented the junk assets they were securitizing and turned out to be too incestuous to adequately spread the risk but it would have fallen apart with or without them. They just made a ton of money off the whole deal which is why everybody hates them.

But they couldn’t of done it without you, and you and you too. Sorry, Charlie.

So who owns them?

No American citizen should vote for any of these liars and frauds. We elect no one and that LIE is a gigantic diabolical deception. They fear the day we STOP VOTING!!!! Dylan Ratigan had a guest on his show at election time who wrote a book Don’t Vote For Any Of The Bastards. That is what will let the liars know we all know the whole system is RIGGED. .

These MULTINATIONAL BANKSTERS are NOT who many perceive them to be. We all need to take a closer look. They are very deceptive indeed. Chase, BofA, and all others are percieved as being American owned, that is an absolutely , destructive, diabolical LIE, that is a giant deception. Wake Up America..

It looks rather diabolical. It also looks like we are all living in the revived Roman Empire. If it looks like a dictatorship and it smells like a dictatorship than…………my God, I think we’ve got it.

After all, stealing our money is one way to gain power, ruining what can’t be stolen would be another.

Kinda like the ancients who, in times of siege, would catapult human bodies with the plague into fortresses… or salt or poison the water supplies.

Puncture the veil enough times (actually only once) and it’s no longer a REMIC… it’s just a trust and therefore all the income that WAS Deposited into it bears the requirement of taxable income!

So for hypothetical purposes… we’ve got a $1 Billion REMIC that lost half it’s value in the “Fall” of 2008
Down to $ 1/2 a Billion now.

The REMIC shield is removed!

The trust now owes 30% (hypothetical… I don’t know current rates) of the original $1 Billion or $300,000 in Taxes.

Now that same Trust (once $1 billion) is now only $200,000.

Since the Judge’s retirement funds are the owners of a lot of these Trust Certificates, you’d think they’d be pissed.