Perhaps the great manipulation “programme” is the method and theatrics needed to panic the market.

However, after the recovery we might indeed want to consider adjusting incentives (or disincentives) on a variety of economic or financial activities.

What does he mean by “the high cost of pricing on the loan side”?

Russia Reports Massive $18 Trillion Theft Of US Funds By Israeli Backed Network

A stunning FSB report circulating in the Kremlin today states that the largest theft in World history has been engineered by the Israel Security Agency (ISA) under the direction of current Israeli Prime Minister Benjamin Netanyahu, Australian media oligarch Rupert Murdoch and the US investment bank giant Goldman Sachs that has stolen from American mutual and pension fund account holders over $18 Trillion through a device known as “the Doomsday box”.

According to these reports, Israeli opposition leader, and former Mossad agent, Tzipi Livni has turned over to the Obama administration the “complete dossier” of the ISA’s crimes against the American government and people after having the leadership of Israel “stolen” from her by Netanyahu, who through the ISA’s use of intimidation and massive bribes forced upon the Israelis the most right-wing government they have ever known.

These reports have come to light since last weeks arrest of a Mossad agent named Sergey Aleynikov by the United States, who these reports say stole from Goldman Sachs the most “complex and secretive stock manipulating programme ever created” and turned it over to Livni, and who in turn then gave copies of it to Russia, China and Germany.

Western news reports on the arrest of Aleynikov state that upon learning of the theft of their “Doomsday Programme”, Goldman Sacks ordered the US Government to arrest him, but as noted by the Bloomberg News Service, “what was Goldman doing with this programme to begin with”?

“Never let it be said that the Justice Department can’t move quickly when it gets a hot tip about an alleged crime at a Wall Street bank. It does help, though, if the party doing the complaining is the bank itself, and not merely an aggrieved customer.

Another plus is if the bank tells the feds the security of the U.S. financial markets is at stake. This brings us to the strange tale of Goldman Sachs Group Inc. and Sergey Aleynikov.

Aleynikov, 39, is the former Goldman computer programmer who was arrested on theft charges July 3 as he stepped off a flight at Liberty International Airport in Newark, New Jersey. That was two days after Goldman told the government he had stolen its secret, rapid-fire, stock- and commodities-trading software in early June during his last week as a Goldman employee. Prosecutors say Aleynikov uploaded the program code to an unidentified Web site server in Germany.

It wasn’t just Goldman that faced imminent harm if Aleynikov were to be released, Assistant U.S. Attorney Joseph Facciponti told a federal magistrate judge at his July 4 bail hearing in New York. The 34-year- old prosecutor also dropped this bombshell: “The bank has raised the possibility that there is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways.”

How could somebody do this? The precise answer isn’t obvious — we’re talking about a black-box trading system here.”

To the power that the ISA led Goldman Sachs bank has had over the US in allowing them to steal nearly the entire wealth of that Nation has been devastatingly detailed by the Rolling Stone Magazine News Service in their report titled “The Great American Bubble: How Goldman Sachs Has Engineered Every Major Market Manipulation Since The Great Depression”.

Even worse for Americans is that their new President Barak Obama has so filled his administration with former Goldman Sachs executives and lobbyists that Russian economists are now calling Wall Street the “Fourth Branch Of The US Government”, and which includes their current Treasury Secretary, his Chief of Staff, the former Treasury Secretary under President Bush (who engineered the $700 Billion bailout of US banks), and the former Treasury Secretary under President Clinton (who allowed the deregulation of US banks allowing them to loot the American public of their wealth in the first place).

Most important to note in this report are the details describing how Goldman Sachs “Doomsday Programme” was “created” by ISA programmers working under the Chairman of the Israeli National Security Council, Dr. Uzi Arad, his wife, Dr. Ruth Arad, Vice President and Chief Risk Officer of Bank Leumi, and Jacob Ezra Merkin, who bought the Bank Leumi from the Israeli government headed by then Prime Minister Ariel Sharon and finance minister Ehud Olmert, who became Israel’s Prime Minister after Sharon but was forced to step down while under corruption charges allowing Netanyahu to steal the Premiership from Livni.

Loans are falling at all three, with a small upward rise in the first quarter.

I hate to point out something that refutes the premise of this article because I do think that the banks are picking our pockets but if I look at the numbers in the table, they do not back up your statement.

While JPMorgan is down in both categories and CITI is down significantly in consumer lending, BankAmerica is up in both categories and CITI is up significantly in corporate lending. This is just basic math.

Presumably this is just a typo, because otherwise it means that you didn’t read the numbers that you posted because that is how the wingnuts work and we are better than that.

You can’t refute axioms with syllogisms. And most people in this country just know, from some place prior to all empirical evidence, that folks who can make billions in our economy are the only people who know what they’re doing, the people who have to be allowed to dictate relevant public policy if we are to have competent governance of our economy. No amount of evidence of self-dealing by these Masters of the Universe can refute this religious belief, because a consequence of the axiom that the wealthy got that way via superior competence, is that it still makes sense for us to follow their lead no matter how much they steal, because this economy that lets us all be born on third base compared to the third world is that way because we give these folks free rein.

CRL doesn’t lose because it’s outgunned. If the ammo in this fight were empirical evidence, no matter what the handicap in staffing, the CRL would be butchering the industry because the industry’s soldiers would be out of ammo. The problem is a way of thinking prior to the evidence, a state religion that has most of us worshipping Mammon, and imputing infallibility on the favored children of Mammon as evidenced by their earning ability. It’s a self-sealing delusion that will only be shattered when the world it has built founders. Things won’t change until the great god Mammon fails. It’s going to have to get much worse, world-ending worse, so bad that people in this country can no longer believe that we were born on third base, before CRL will start winning arguments in Congress.