How….did Chris Dodd do it?
He cheated— accepted bribes?
Seems fair we prosecute those involved for setting up the banks and financial institutions to defraud the people. Warren-Frank-Dodd!
Also establish a policy of going back 50 years to collect for the ill-gotten gains as a result of violating their fiduciary responsibilities. Retrieve losses from estates of those who passed on.
When you read this think of Dodd-Frank bill. Remember Elizabeth Warren’s role.
Russian Roulette: Taxpayers Could Be on the Hook for Trillions in Oil Derivatives
Posted on December 20, 2014 by Ellen Brown
The sudden dramatic collapse in the price of oil appears to be an act of geopolitical warfare against Russia. The result could be trillions of dollars in oil derivative losses; and the FDIC could be liable, following repeal of key portions of the Dodd-Frank Act last weekend.
Senator Elizabeth Warren charged Citigroup last week with “holding government funding hostage to ram through its government bailout provision.” At issue was a section in the omnibus budget bill repealing the Lincoln Amendment to the Dodd-Frank Act, which protected depositor funds by requiring the largest banks to push out a portion of their derivatives business into non-FDIC-insured subsidiaries.
Warren and Representative Maxine Waters came close to killing the spending bill because of this provision. But the tide turned, according to Waters, when not only Jamie Dimon, CEO of JPMorgan Chase, but President Obama himself lobbied lawmakers to vote for the bill. (more…)
Citigroup Written Bankster Legislation Moves Through the House of Representatives
Posted on October 29, 2013 by Michael Krieger
Submitted by Michael Krieger of Liberty Blitzkrieg.
Five years after the Wall Street coup of 2008, it appears the U.S. House of Representatives is as bought and paid for as ever. Unsurprisingly, the main backer of the current bankster bill in Congress is notorious Wall Street whore Jim Himes (D-Conn.), a former Goldman Sachs employee who has discovered lobbyist payoffs can be just as lucrative as a career in financial services. The last time Mr. Himes made an appearance on these pages was in March 2013 in my piece:Congress Moves to DEREGULATE Wall Street…
Read the rest here.
Tagged with: Bailouts, Crony Capitalism, derivatives, dodd-frank, Jim Himes, Oligarchs,
Is Homeland Security Preparing for the Next Wall Street Collapse?
Posted on October 8, 2013 by Ellen Brown
Reports are that the Department of Homeland Security (DHS) is engaged in a massive, covert military buildup. An article in the Associated Press in February confirmed an open purchase order by DHS for 1.6 billion rounds of ammunition. According to an op-ed in Forbes, that’s enough to sustain an Iraq-sized war for over twenty years. DHS has also acquired heavily armored tanks, which have been seen roaming the streets. Evidently somebody in government is expecting some serious civil unrest. The question is, why? (more…)
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