Did you happen to catch Mid South Bank President and CEO R.J. “Rusty” Clouthier on CNBC’s Squawk Box this morning?
This 5 minute and 21 second clip may contain more practical wisdom about the roots of the banking crisis than would an entire semester at the Wharton School of Business.
Clouthier who served six years on the Fed’s [...]
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Tags: Alan Greenspan·CNBC·Gramm Leach Bliley·Hank Paulson·New Federal Reserve Powers·R. J. "Rusty" Clouthier·Ron Paul HR 1207
President Obama met with the top Brokedick Bank CEO’s today. And the talking points about America’s next trillion dollar suppository… a.k.a. the “Bad Bank” plan are now out.
My friends, it’s that time again…
Bend over, grab your ankles, and assume the position. Because here’s how the “Bad Bank” plan is going to work:
First, the Fed is [...]
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Tags: Alan Greenspan·Bad Bank Plan·Glass Steagall Act·Gramm-Leach-Bliley Financial Services Modernization Act·Hank Paulson·Robert Rubin
Bye-bye American Pie,
Greenspan blew a bubble,
Paulson told Congress a lie.
Banksters stole your money,
Left your family high and dry.
Now you can’t find a job,
No matter how hard you try.
Say good-bye to your dreams in the sky,
Say good-bye to your piece of the pie.
– SliderOnTheBlack
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Tags: Alan Greenspan·Bye-bye American Pie·Hank Paulson·SliderOnTheBlack
We tried…
We called our Senators.
We faxed our Congressman.
And we encouraged our friends, family, and co-workers to do the same.
But, in the end…
We was robbed.
Because they waited.
They waited…
– until the US Dollar imploded.
– until Oil prices exploded.
– until inflation skyrocketed.
– until home values collapsed.
– until the economy rolled over.
– until the stock market crashed.
– until unemployment [...]
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Tags: $750 Billion Dollar Bailout·Alan Greenspan·Ben Bernanke·credit crisis·Hank Paulson·Paulson Bailout·Stop The Wall Street Bailout·US Dollar collapse
There should be no mercy for Alan Greenspan for his role as chief architect in this historic collapse . He should never be able to show his face in public again without being verbally attacked, and ridiculed by both the public, and the press.
Greenspan’s crimes against the people go back to the S&L crisis…
He has been a shill [...]
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Tags: AIG·Alan Greenspan·Broker Dealer Collapse·Economic War Criminal·Empire of Debt·LEH·Lehman Brothers·market meltdown·None Dare Call It Conspiracy·S&L Crisis