Matt Taibbi Shows Bank Of America Is Too Crooked to Fail!
In the current issue of Rolling Stone Magazine, writer Matt Taibbi has contributed a very strong investigative piece on everyone’s favorite banking institution Bank Of America. The article is
“Bank Of America: Too Crooked To Fail“. Around here we affectionately refer to the bankster company as “Bank Of The UNIVERSE”, for obvious reasons.
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We agree with Taibbi’s assessment as presented with facts found in the public record. Bank Of America is a professed criminal operation. It has admitted being innovator of, initiator of, and participant in, fraudulent banking acts for years.
We believe more consumers as well as investors should be outraged by this incident of unprecedented, in your face, banking malfeasance. We believe those responsible must be made accountable; not necessarily by doing jail time–but through deprivation of the benefits of our modern society; ship them off to Africa; perhaps to some other continent or third world island nation with indescribable poverty …Haiti sounds an ideal just reward. Send them without any money or support systems to a place where they are forced to get by without their connections and manipulations of laws and government officials.
Perhaps this seems too extreme. Consider the damage these individuals, with a controlling interest in these companies, have caused. The harm far exceeds the injury, pain and suffering caused by a mass murderer of 50 or even a hundred people.
Tens of millions of people’s homes are in jeopardy. Hundreds of millions Americans have had their livelihood negatively affected; many have lost their house, their job, their livelihood, their family, and sometimes even their life. The lives of the children have been irreparably disrupted. And injury, pain and suffering to America and its citizens is not even the end of it. The whole entire world, markets and families in Europe, Asia, Africa, South and Central America, is suffering all because of these marauders. Their predatory actions are despicable and dishonorable .
The only injustice, of banishing the individuals responsible to a third world country, is the damage to the third world country. They’d be forced to accept them, but what is that compared to being bombed or invaded. We’re pretty sure any country would prefer to accept our banksters to live in the worst of their conditions to being bombed or invaded. It’s a small price a small price to pay really given the alternative–we will either steal your oil, (or other precious natural resource), or you will accept Timothy Geitner, whatever.
Just as in that popular board game, those executives “Do not pass GO!”, “Do not collect $200!”; no clean slate unless the consumers and investors who’ve been damaged are given a clean slate, too. It’s not a new idea…it’s been done in the history of the world many, many hundreds of times in order to begin anew.
When it comes to setting the really low, low low, rock-bottom, sleazy standard for corrupt business practices Bank Of America has the dubious distinction of being a leader in its field. The other really big U.S. banks such as Goldman Sachs, Morgan Stanley, JPMorgan Chase, Citigroup, and Wells Fargo, are “monkey see, monkey do entities”. Or another way to describe the bankster enterprise in the 21st Century is, “as goes Bank Of The UNIVERSE, so goes the other financial crooks”.
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