Outrageous - Taxpayers Bail Out Bear Stearns; JP Morgan Buys for $2 / Share
Posted March 17th, 2008 by lastmovement
output
Outrageous - Taxpayers Bail Out Bear Stearns; JP Morgan Buys for $2 / Share
In the past 72 hours, the ultimate financial scam has been perpetrated on the American public. On Friday, the Federal Reserve back-doored a loan to an investment banking firm. And today, a bank bought the investment banking firm for pennies on the dollar - all largely subsidized by you, the taxpayer.
Commentary By: Richard Blair
A couple of months back, I wrote the following:
The unprecedented wealth transfer from poor and middle income families to the uber rich is nearly complete. The folks at the bottom of the GOP-led financial pyramid scheme are nearly bled dry, and the pyramid is about to collapse. To sustain itself a little longer, the folks at the top of the pyramid will have to start an Amway-style ritual of financial cannibalism amongst themselves. I think that (to an extent) this is exactly what we’re seeing in the stock markets and big financial houses as the true meltdown begins…
On Friday, it was announced that JP Morgan Chase Bank was acting as an intermediary to bail out the financial investment bank Bear Stearns, and essentially funneled billions of dollars from the U.S. Federal Reserve (read: you and me) to those who had entrusted their investment fortunes to Bear Sterns.
I don’t even know where to start on this one. How about here?
http://thelastmovement.bl...
Im Starting a .com please donate $1
http://widget.chipin.com/...
Bookmark/Search this post with:
should
should i be expecting a dividend?
Rockefeller power play
Fortune Favors the Bold
With the media able to spread panic rumors, they can now create a run on any institution they want so they can buy them out at a basement price.
Perhaps
This crisis was specifically orchestrated to make us pay for Bear Stearns and other banks/companies. Did you hear about us having to pay $1.2 trillion to Fannie Mae? :croaks:
JP Morgan
Is now making us all pay $10.00 instead of $2 for Bear Stearns.
Let's hope it doesn't continue going up....
The Fed & JP Morgan Are Fearful Of A Law Suit.....
The Federal Reserve Bank, being a privately owned bank is fearful of a law suit and in particular, the discovery phase that could very well reveal that JP Morgan Bank and Rockefeller family through Chase own shares of stock in the Federal Reserve Bank. This could possibly make them complacent in this fraudulent scheme and open them up to past envolvements dating back to 1913.
The whole purpose of taxes is to take your money.....
without a mask and a gun, and put into someone else's pocket.
Just discusting.
Banks make huge profits and screw us.
They run their business badly and demand our money for a bailout.
Then they buy each other to increase their wealth.
AND they pretend they are independently owned.
Screw 'em. Nationalize the bastards.
The we can just go to Washington and drag the politicians out since it's them that caused this!
***************************************************
http://www.youtube.com/wa...
http://www.youtube.com/wa...
Watch and feel the power!!!!!!!!!!!!!!!!!
Two more banks downgraded today.
Leamen Brothers & Goldman Sachs.
Financial Guaranty Insurance is toast as well.
It gets worse everyday. Im
It gets worse everyday.
Im Starting a .com please donate $1
http://widget.chipin.com/...
http://Blog4paul.Blogspot...
http://TheHypeReport.Blog...
http://RealRapNewz.Blogsp...
http://BoxingInsider.Blog...
http://TheLastMovement.Bl...
http://WarOnYou.Blogspot....
The Shoe's Are Dropping Faster Everyday
Right after these next shoe's drop, look for a number of big builders to go under, then a few Hedge Funds to roll over, a few Pension Funds after that, followed by Insurance Companies.
Strange...
what I read is that it doesn't matter what the news is... it matters what the market's reaction to the news is.
Given that shoes drop every other week, and the Dow Transports fail to confirm, the market's reaction seems to be positive.
Remember "The White House Economic Working Group" ?
Remember Dr Paul referencing "The White House Economic Working Group" in a question to Mc Insane during a recent debate?? The Senator didn't really know who was in this group or what they really did but RP knew that this group is real and it works directly out of the White House. Everything about this group is supposed to be secret and you will never heard of it referred to on or in the MSM. Another name for them on Wall Street is "The Plunge Protection Group". They control most all investment markets, interest rates and produce false or disinformation for public consumption. A good example of this would be the falsified CPI, PPI, weekly and monthly unemployment numbers, as well as the monthly rate of inflation, to name but a few.
One market that they don't control but can influence is the Hedge Fund Industry.
The good news is that they are losing control of a number of these markets and it is quickly turning into a "everyman for himself" sum game.
Our economy is dying from
Our economy is dying from loss of blood, and what is the prescription from witchdoctor Bernanke? "Bleed the patient more!" NOTHING is being done to benefit or heal the economy long-term ("long-term"? What the Hell does THAT mean?), and everything these bastards are doing will just delay the inevitable and make it that much worse when the feces finally hits the fan. It's so insane, I am almost to the point of believing that it all IS planned! And NOT for OUR benefit!
Are we catching on?
It's good to see. It's all done to precipitate the NAU. You can deny it all you want but when it happens who will be saying "I told you so"?
I Think That You Are Onto Something Here
Could this coming Financial collasp be planned, you bet it could.
When we stop and think that WWII was planned so that Rothschild and Schiff families working through Rockefeller and others could purchase most all of the large Japanese and German Companies at the end of the war. The Marshall plan even put up the money for those who wanted to help Japan and Germany rebuild. They were able to be the first ones in there with the cash in hand to purchase most all of the large companies for pennies on the dollar using American tax payers money and then this plan gave them the money to rebuild their factories and supplied them with working capital how sweet is this deal. One example of this is the Sony Company. S.O.N.Y., stands for Standard Oil Of New York.
The list goes on and on through out history. This same blue print has been used over and over at the cost of 100's of millions of lives lost and sadness beyond imagination.
BS Not Done Deal Yet
Remember, never trust the media over anything.
I'm glad the IRS defines me as a "non-taxpayer"
I'm just not benevolent enough to bail out these criminal syndicates.
So I bought Bear Stearns
for JP Morgan? What a world, what a world....
Suing The Fed Because....
You might think about suing the Federal Reserve Bank. Why I say this is two fold; First the Federal Reserve Bank, as you may alreay know, is a privately owned bank corporation, it is not a Government agency. Therefore, you should have the right to file a law suit against them. Secondly, you could suit based on the fact that the sale to JP Morgan Chase was an illegal "sweet-heart deal" because JP Morgan Chase own four of the ten shares of stock that the Federal Reserve Bank Corporation issued and sold to them at the Fed's formation in 1913. This law suit will more than likily be settled quickly, in that they will offer you all of your money back, plus a good size profit and pay all attorney fee's in return for you dropping the case and for you future silence. The one thing that they do not want is to be forced to disclose, through the discovery phase of such a suit, is to reveal the names of the owners of the company. This would prove your claim and then put pressure on the IRS to disclose why the Fed has never filed or paid corporation taxes. In addition, this would open up the historical relationship between the two and other sweet-heart deals would come into play. It could then prompt criminal charges.
RIGHT ON THE MONEY!
Zona dude has got the picture and we need to BUMP this. Let's get smart. Get to the April 15th rally and any other coming events. I am doing the FED session on April 15th!!!!.
a great idea, we need this
a great idea, we need this organized. We could all files as plantiffs.
Theres a few thousand of us just on this board.
Thanks, But We Need.....
Thanks, but I would think that only those who were Bear Stearns stock holders of record at the moment the Fed stepped in and made this secret Sunday night deal with JP Morgan-Chase have the legal right to file a law suit, but I could be mistaken. The stock holders obviously, have been financially harmed by this illegal action. I would guess that anyone else bring a suit would need to bring a bunch of money to the table to get any good attorney to take the case. Remember, you have the right to sue whom ever you wish.
It seems to me that every
It seems to me that every taxpayer in this country would have a right to file suit. The taxpayers are paying for the bailout.
You Are Correct But....
You are correct but I would think that it would be difficulty and costly to build a case one block at a time to prove the various connections required to make an argument. If you recall, it is my understanding that they allowed JP Morgan-Chase Bank to borrow the money from the Fed window in order for them to make BS a deal that they couldn't refuse. They also, someway added what I would think is an illegal garantee to JP Morgan that if the stock holders refuse to go along with this transaction, JP will be able to purchase the BS building at majorly discounted amount off of the estimated 1 1/2 billion apprasial value. Also, they put the Fed (tax payers) on the hook for any liability up to $30 billion dollars, which basically is all of the liability. Here again, everything is done in secret, on a Sunday and they structure it in such a way that in order to defeat their fleet of high priced, top notched attorney's and with their connections to the Federal courts I would think that it would be a major undertaking.
LOL! Took me a minute to
LOL! Took me a minute to figure just which meaning of "BS" you meant here! I guess both of them apply.
JP Morgan seem to be
manuvering nicely in this market turmoil.
"Visa, which is currently owned by a consortium of banks, has planned the offering since October 2006 when it spun off Visa Europe as a separate entity.
The IPO, led by JP Morgan Securities, counts Goldman Sachs, Banc of America Securities, Citibank, HSBC Securities (USA), Merrill Lynch, UBS Investment Bank and Wachovia Securities as joint bookrunners with respect to the offering.
The IPO is priced between 37 and 42 US dollars per share, which would raise 18.75 billion US dollars. Shares will trade under the ticker "V." "
http://www.channelnewsasi...
Has Ron made a video on the current
situation on Wall Stree? It seems like he should be out front, engaging a NEW audience on the economic realities.
Hey you think...
the Fed will pay off the debt that some citizens owe the IRS, I doubt it.
Added time? Yes, the Fed is going to hold a bunch of
worthless, or nearly worthless, mortgages for 28 days. What happens at the end of that time? Do they really expect that the mortgages will be worth more at the end of that time? Do they expect that the banks will want them back? The whole buyout is just another part of a collapse that is going to take place. The Fed is doing exactly what the French tried in the late 18th century and it brought on hyperinflation and eventual collapse of the currency at that time. The U.S. taxpayers better bend over and grease up because they're going to be stuck with further bailouts.....like Carlyle Group? This is just the beginning. And what about all of the bonuses paid to those wonderful people at Bear-Stearns who made these smart investment choices? Do you suppose that the deal will require them to be repaid? If they had been forced to file for bankruptcy, then those billions in bonuses (paid in January) could become the subject of the bankruptcy proceeding. Instead, they were bought-out by JPMorgan, so the bonuses are safe. Thanks MSM, thanks GOP-neocons, thanks Fed. Dr. Paul told you what was coming and most of the U.S. turned their backs on him. Now they will be able to ponder their decisions in leisure.
Hey at least we got it at a good price.
Better than $52
"PunJab! Bring me my checkbook!"
It was a two for one deal.
It was a two for one deal. JP Morgan gets to steal Bear Sterns, at our expense, and the U.S. Government gets some added time before the whole credit market goes belly up. It's highly likely that the intervention by the Fed helped to stave off a complete market collapse for now. Monday the markets will more probably hit the skids in a big way.
Funny... JP Morgan... Dint he take part in this entire fraud....
Years ago...
In the world's broad fields of battle. In the bivoac of life. Be not like dumb driven cattle...be a HERO in the strife.
www.RingsideRevolution.co...
In 1907...
JP is attributed with starting a rumor which led to the banking panic that year, which in turn, ultimately, was the pretext for the formation of the Federal Reserve System in 1913.
Also, in 1912, two weeks before the Titanic sailed, he bought White Star Lines, and it's alleged that the captain Smith deliberately ran that ship into an ice field (he had made the Atlantic crossing 80 times before that night) for the purpose of destroying the ship on its maiden voyage.
Of course, this sounds like the ultimate crazy conspiracy story—until we get to the part where we find out that three of America's richest and most powerful men: Isidore Strauss, Daniel Guggenheim and John Jacob Astor were on board; they all died that night. What those three had in common was they were dead set against the formation of the Federal Reserve System...
This struggle has been going on a very long time...
Go Ron Paul | Go Grassroots
Wow, fascinating
Wow, fascinating connections! I never put all that together, but the scenario you outline is intriguing and plausible. I always thought about the astronomical odds of three of the richest ten men in the USA all dying in the same accident.
At least they, unlike the hybird weasel-sharks of industry today, had the honor to go down with the ship.
that's
very interesting
yes it is
want more?
http://TheLastMovement.Bl...
http://TheLastMovement.Bl...
http://WarOnYou.Blogspot....
http://Blog4paul.Blogspot...
http://TheHypeReport.Blog...
http://RealRapNewz.Blogsp...
http://BoxingInsider.Blog...
http://fightnet.Blogspot....