Sanders "Wall Street Is The Most Powerful & Dangerous Entity In The United States

"Wall Street" aka our Capital Markets helped make this country the #1 economic power on the planet. Obama and the Libs are trying to destroy it and frankly you can go fuck yourselves.

here's my deal, cancel FinReg and Government insurance and we'll put up our money and take our chances and its none of your business anympore
 
"Wall Street" aka our Capital Markets helped make this country the #1 economic power on the planet. Obama and the Libs are trying to destroy it and frankly you can go fuck yourselves.

here's my deal, cancel FinReg and Government insurance and we'll put up our money and take our chances and its none of your business anympore
Once upon a time Wall Street financed productive industries.

Since millions of US jobs have been outsourced to China, Wall Street finances Collateralized Debt Obligations.

"Washington - Global banking giant Citigroup has agreed to pay $285 million to settle charges that it misled investors about a complex financial instrument tied to the now-crippled housing market, the Securities and Exchange Commission said Wednesday...

"The SEC alleged that Citigroup's main broker-dealer subsidiary duped investors who had bought portions of a $1 billion offshore deal known as a collateralized debt obligation. CDOs are bundles of bonds tied to the performance of mortgages and other loans.

"The deal in question was precisely the kind of engineered financial product that blew up in 2008 and nearly brought down the global financial system..."

Take your chances with Citigroup and you won't have any money left.

Citigroup Settles for $285 Million; No Wall Street Executive Jailed Yet | Truthout
 
Tens of billions of dollars lost by investors via Wall Street scandals and some people still treat Wall Street like it's the Holy Grail? Amazing, simply amazing.
You would think conservatives would take exception to property crimes on this scale...

"This is F%$#ing criminal.

"Only the biggest bastard banks with the biggest fastest computers with models created by the biggest bunch of immoral MBAs in the history of the planet can get away with it. How much of Goldman's profit came about this way?

"Why isn't the SEC doing something about it. This is fraud. Why isn't that blathering fool Barney Frank outraged by this? Why isn't Schumer and Dodd up in arms? You know why. Because they want the banks to make money any way they can. Geithner is applauding this news.

GOLDMAN, CITI, JP MORGAN & BOA ARE CRIMINALS - James Quinn - Seeking Alpha
 

Forum List

Back
Top