YES! - The Bankster CEO's, focused only on quick profits, are making a killing while ruining the banks themselves.
54%
NO! - The "Too Big to Fail" banks will not be allowed to collapse.
46%
Comments
Thom's Blog Is On the Move
By webmaster
Hello All
Thom's blog in this space and moving to a new home.
Please follow us across to hartmannreport.com - this will be the only place going forward to read Thom's blog posts and articles.
Images of Thom
Mueller's favorite place to pray (written about in "Prophet's Way"), and the roof of the room where the Last Supper is reputed to have happened.
From Screwed:
"I think many of us recognize that for all but the wealthiest, life in America is getting increasingly hard. Screwed explores why, showing how this is no accidental process, but rather the product of conscious political choices, choices we can change with enough courage and commitment. Like all of Thom’s great work, it helps show us the way forward."
From Screwed:
"If we are going to live in a Democracy, we need to have a healthy middle class. Thom Hartmann shows us how the ‘cons’ have wronged this country, and tells us what needs to be done to reclaim what it is to be American."
From Screwed:
"Once again, Thom Hartmann hits the bull’s eye with a much needed exposé of the so-called ‘free market.’ Anyone concerned about the future of our nation needs to read Screwed now."
The big banks will collapse eventually leaving just one of them standing. I have no inside knowledge just an educated guess. Like a big merger, only it affects everyone's life (think empire, monarchy, monopoly, oligarchy, it doesn't matter what its called). The trick is in controlling dissent. If they can control dissent then they can steer us wherever they wish, which more than likely is more consolidation of power.
The majority of people will get sick of bailing out banksters eventually. The banksters know this too, and probably have plans A, B, C, D to try and hold onto their power. The real question is what plans do you have to take your own power back?
That's the whole crux of this issue. The "too big to fail" means just that. When they are allowed to become this big, they cannot be allowed to go down and take the world's economy along with them, so countries bail them out, over and over. They knew this and it is one of the reasons they created these monolithic banks. It is also why Glass-Steagall was created in the first place and had it still been in force we may not have been in this global economic meltdown. It's like the governments of the world have sold the people into slavery to these crijminals.
Evidence of more pre-programmed/auto-pilot trading.
Moody's waited until after markets closed on Thursday before announcing the downgrades so as not to encourage any mid-day knee-jerk reactions. Which was thoughtful considering the markets were already having a down day based on Fed announcements of the previous day.
What's interesting is that after having overnight to digest the double down-grades there were enough investors to collectively collude (by virtue to the trades they effected on Friday) in trade traffic to give the impression that credit ratings don't matter - or
Friday's trades were decided and set in motion ahead of time and no events, real or imaginary, were going to change those plans.
So who can check to see if the portfolios of those sycophantile committee members happened to have done especially well as a result of Friday's trades?