But anyway, obama is pulling his cool act right now … acting like everyone is overreacting. this is a ploy and test for us. they will continue acting like it is no big deal until we make it a big deal by getting out and being heard and being disruptive. this movement against these crooks … that obama has apparently decided to ally himself with becoz they got big money … needs some some synergy and this is our opportunity. So, I urge everyone to read my previous post and get out there on and demand change … or otherwise we will not be taken seriously and continue to be marginalized. We need to create change not listen to someone pontificate about it whose obviously got no damn intention of bringing enough of it about.

Z

The Real AIG Scandal !!!

It’s not the bonuses. It’s that AIG’s counterparties are getting paid back in full.

By Eliot Spitzer

Everybody is rushing to condemn AIG’s bonuses, but this scandal is obscuring the real disgrace at the insurance giant: Why are AIG’s counterparties getting paid back in full, to the tune of tens of billions of taxpayer dollars?

http://www.slate.com/id/2213942/

Z

As for getting us out of this mess, IMHO, getting rid of the Federal Reserve Bank would be the biggest and best step forward. For a private bank they wield entirely too much power and make decisions that burden the taxpayers without approval from any authority or regulating body.

I thought DOJ is the branch charged with interpreting the law.

This is not only my thinking, the very successful trader and economist, Rogers, has stated the same thing.

I know Congress delegated the power of regulating the banks to the Fed. What kind of sense does that make? Did Congress have the right to delegate interpretation of the banking laws to a private bank? In 1986, the Federal Reserve Board interpreted Sec. 20 of Glass Steagall in a new way which allowed the banks to engage in investments if totaled no more than 5% of their principle. There is no oversight on the Fed, and no regulators to ride herd on them. Fed answers to nobody.

The Fed should not allow lobbyists, but they do. And who lobbies them? Their Big Buddy Fellow Bankers, who else. So, the rules get relaxed, secrets are kept hidden, all to the disadvantage and cost to the taxpayer.

Thanks for listening…I’m fed up like just about everybody else.

I’m serious. Just like Frank Abagnale Jr. the master forger starting working for the FBI and a bank security expert after he was finally busted.