Obama’s $25 and some Billion Bankster slap on the wrist incentivizes yet another Financial Crisis.

First let me get this out.  It is b.s. when Bernanke and gang go “yea but, they are paying or having paid some of it back” when responding to questions about the $780 Billion dollar White House Bail Out and the $16 Trillion dollar Federal Reserve Bail Out.  And the same goes for GE, McDonalds, GM, etc who also got Taxpayer money.  No matter who got some of the money we are talking about e banking, investment and finance shenanigans here.  Oftentimes all it takes for them to make money is a credible promise to get cash without ever having actual receipt of the cash.  And when you are talking about the nature of this heist the goal of the heist was substantially achieved the very second they got to use the cash.  Whether or not they had to pay it back doesn’t amount to all that much in the profit equation – especially when it was let to them at 0%.  If they are able to simply use the money for any amount of time the theft has been substantially achieved and they can breath easy even if in fact that do at some point give the money back.  So, don’t give me the “yea but” they are going to pay or have paid or are paying it back schtick.  The world of putting money to use to earn money runs 24 hours a day 7 days a week.  And with leverage they were achieving it is not inconceivable the Bail Out funds – even if returned the next day – made a butt load a cash or more cash even than they were given by the Taxpayers.

The Finance, Insurance and Real Estate Industry made an estimated $9 Trillion dollars in cash profit over the course of the Mortgage debacles run up and fall out.  On top of that they got use, and sadly mostly keep, $16 Trillion dollars from the Federal Reserve plus another $780 Billion from the White House.  All for the tidy pittance of $25 and some odd billion dollars and a couple billion in bribes to Politicians. 

And for the Taxpayer’s trouble (giving them the $780 B + $16 T) the Banksters incidentally wiped out some $12 Trillion in homeowners’ wealth as well as Greece, Italy, Iceland, etc., etc. entire societies turned on their heads.  No skin of the bankster’s back side though.  Besides they can afford the inflation that we are experiencing.  This inflation, budget austerity, deficits, etc. it all hurt’s the middle and low income American’s the hardest – that makes it a LABOR ISSUE.

I ask you: Why the hell wouldn’t the banksters do it again?!  It’s like the fines and penalties assessed against the oil and gas industry for spills and deaths.  Break the law and pay for the crime it’s the most profitable alternative even with the campaign contributions taken into account.

And with the legal maneuvering available to the banksters and other partners in crime the practical reality of Obama’s stipulations to the $25 B fine represent zero, ziltch, nadda, in the way of a liability. 

Worse still, Obama had the audacity (“the unmitigated gall” as the Grinch would say) to come to this settlement during the same time in which he is campaigning for re-election. 

If you don't believe that Obama's stipulations and intents behind the wording amount to any significant additional liability$$$ read the "Management's Discusssion and Analysis" sections of the subject banks financial statements filed at SEC.gov. 

When you do, and you read first hand that the perps themselves know they are scott-free for pittance$$ - so confident in fact that they are putting a statement to that effect in their financial statements -  think back to who in the Democratic echo chamber who told you otherwise.  I'm not going to mention any names but you'll be SHOCKED at the so called "friends of the People" who misinformed you.