banks circumventing the system

[lamboguy]

as usual, these pencil swindlers have figured out how to get us some more.

the way the banking system is set up, it is called fractional banking. meaning for every $1 in assets that they have, deposits and mortgages, they can borrow $10 from the the federal reserve system meaning us. so what they are doing is when a property is forclosed they come in and bid the property for 100% or more of what is owed. that way they don't have to revalue their assets and lose their fractional banking edge. meanwhile they are prolonging the the forclosure problem in this country for decades and we that pay these bloodsuckers lose the value of our properties.

the only way to stop these animals is to get rid of them, unfortunately they completly own our system, they have the money, the laws are made and paid for by them, the politions we have are paid for by them too. get rid of all these lowlifes and our gasoline prices will fall, the interest rates we pay will go down, every thing we buy will cost less, and we will be able to bail out our financial system that is ready to collapse.

[DJofSD]

Banks: no better example of a necessary evil.

10:1 ain't bad when you consider that some were extended 40:1 if not more at the beginning of the down fall.

[Robert Goren]

The problems began when the banks got away from the business of lending and into the business of investing. They have gotten the business of investing in high reward, high risk investments. The officers of the bank get huge bonuses when the high reward pays off. The tax payers and the shareholder get stuck when the high risk comes do. Sure the officers might get fired, but they have already got theirs. Why do you they sweating Greece so much. Greek bonds are paying 18%. When you can borrow the money to buy them for little or nothing, it is good deal to show a paper profit and get a fat bonus. No risk for the guy doing the trading at the bank. The worst that can happen is that he will get fired and either find another bank or retire with millions. Chances are all that going to happen is he will have go a year without his bonus and the next year he can go back to his old tricks. It is an even better deal than training horses for high profile(rich) owners.

[lamboguy]

the problem with banks is easy, the bankers are to yellow to steal and to lazy to work.

they want to privatize their profits and socialize their losses.

[HUSKER55]

YOU hit that nail on the head. Someone needs to rein these guys in.

How about this idea. They foreclose on a house because they issued a bad loan they have to tear down the house and pay to have it salvaged as much as possible.

The vacant lots go up for sale at the last tax assessment after they put in new sewer and water lines..


That would generate jobs, (rebuilding) and stop them greedy bastards on wall street. They would have to eat the loss.

[GameTheory]

We will never have a stable economy until we get rid of the Federal Reserve altogether.

[Robert Goren]

We will never have a stable economy until we get rid of the Federal Reserve altogether.Google "ecomonic panics" and see how stable the ecomony was before there was a Fed.

[GameTheory]

Google "ecomonic panics" and see how stable the ecomony was before there was a Fed.It is necessary, but not sufficient. Your argument is specious.

[sammy the sage]

ya'll should ACTUALLY re-study yore history...Thomas Jefferson fore-told all this (as have MANY others including Eisenhower)...put a STOP to it during his time...but that changed in 1913....

[lamboguy]

ya'll should ACTUALLY re-study yore history...Thomas Jefferson fore-told all this (as have MANY others including Eisenhower)...put a STOP to it during his time...but that changed in 1913....amazing how all those people around 200 years ago were smarter than all of us. it looks like the federal resere system is in a big mess right now.

[Tom]

http://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/0912986395/ref=sr_1_7?s=books&ie=UTF8&qid=1308797555&sr=1-7

This will give a warm fuzzy......

[Hank]

as usual, these pencil swindlers have figured out how to get us some more.

the way the banking system is set up, it is called fractional banking. meaning for every $1 in assets that they have, deposits and mortgages, they can borrow $10 from the the federal reserve system meaning us. so what they are doing is when a property is forclosed they come in and bid the property for 100% or more of what is owed. that way they don't have to revalue their assets and lose their fractional banking edge. meanwhile they are prolonging the the forclosure problem in this country for decades and we that pay these bloodsuckers lose the value of our properties.

the only way to stop these animals is to get rid of them, unfortunately they completly own our system, they have the money, the laws are made and paid for by them, the politions we have are paid for by them too . get rid of all these lowlifes and our gasoline prices will fall, the interest rates we pay will go down, every thing we buy will cost less, and we will be able to bail out our financial system that is ready to collapse.

Therein lies the conundrum,our only[legal] means if ridding ourselves of these parasites[congress] is owned and controlled by the parasites.They have trapped us into a rigged game were they get to create money out of thin air and the only thing that gives their new money valve is the money we have worked our ass off for,the inflation that they cause by creating money out of thin air robs us all, by devaluing the money that we have already earned. We are essentially their slaves.We must unite against these blood suckers,they can only keep bleeding us if they keep us divided.

[Tom]

What color was that moon last night? Blue?

Well put, Hank!

[Robert Goren]

What Fed does with our money supply might be a great topic for another thread. But it has nothing to with people running our banks or the Fed's regulation of them.

[Hank]

What color was that moon last night? Blue?

Well put, Hank!

Thanks Tom.

[lamboguy]

Thanks Tom.
very good hank, i would say you have a real good handle on this thing, i suspect you know alot more than myself.

the politions have managed to split us up for sure, and when they go behind closed doors they are all best of friends figuring out how to fleece us the fastest possible way. that is why when one argues that conservetives are a better way to go that liberals are more than likely eating up the bull they feed us like ice cream.

[chickenhead]

I am not convinced that an economic system fed heavily by the use of high leverage at all levels can ever be stable. Disruptions and shocks will always occur naturally. Leverage will always amplify those shocks.

Leverage is needed, credit is needed, lf we actually wanted a more stable system we would reduce leverage at all levels to something more like 5-1. It would cause a depression and slow growth, but it would be sustainable and more predictable. The wild amplified swings are almost solely caused by the economy leveraging up and down, up and down.

[Tom]

Jesse James was a hero.