The people in this show seem to be mainly Chosenites, from the book author mentioned, probably the speaker (associate professor of law and economics, University of Missouri at Kansas City), most of those names regarding the conference etc. (Name spellings herein approximate as often indistinct).
This is a reprise of Black's push to blame the bank executives rather than the deeper forces underlying the massive expansion of credit and its subsequent contraction and to a lesser extent the takedown of the regulatory environment mainly under Clinton.
Title of the show is taken from book Mark Meyer's book 'The Greatest Bank Robbery Ever: the collapse of the savings and loan industry'.
Rimini, Italy, First Italian Grass Roots Economic Conference on Modern Money Theory produced by Italian journalist Paulo Barnard.
Mr Black says the current crisis is 70 times larger than the s&l debacle (11trillion -vs- 150bn) in which 1,000+ senior executives were prosecuted/jailed for felonies, 3000+ convictions...
((Unnamed) Brooksley B(j)orn(e) head of CFTF overruled by Alan Greenspan. Commodity Futures Modernisation Act of 2000 removed financial derivatives from regulation. Reinventing Government movement led by Al Gore under Clinton promoted idea that efficient markets excluded possibility of fraud so government had no place to intervene. Black calls this insanity (others may call it conspiracy). The banks were to be the regulators' clients not the USA or its people under the new regulatory regime. Summers, Rubin Treasury Secretaries. See 2003 Annual Report of Federal Deposit Insurance Corporation for photo of head of Office of Thrift Supervision holding a chain saw and others shearing away red tape.
Black reveals himself when he laments that liars loans were pushed to the impoverished, the elderly and minorities 'to do this to'. Blame the white shoe boys!
The liars loans borrowers didn't have to lie.
The first Bush Presidential era prosecuted the Savings and Loans debacle in 1990 when 30000 annual prosecution referrals were made by the regulator, the Office of Thrift Supervision.
The Federal Reserve regulated the non-FDIC insured entities but despite FBI and industry experts including ACORN (?) warning against fraud neither Greenspan nor Bernanke used its authority till July 2008 after the event.
Inflation of property appraisal values was firm evidence of officer fraud against the institutions making the loans. Washington Mutual's blacklist of honest appraisers who would not inflate home values.
The banks also assisted in the ENRON fraud and were not prosecuted. FASB was ordered to amend its accounting regulations for the industry so banks were no longer required to recognise losses on fraud tainted assets like liars loans. The Bank stress tests cooked up under Geithner are a farce. Fannie May and Freddie Mac among others passed them weeks before they failed. The tests also allow banks to ignore the sovereign loan asset risks which is what the European banking crisis is all about.
Parmelot Italian food company a fraud vehicle; Citibank's vehicle to assist called in Italian "blackhole". Supreme Court(?) holds only SEC/Justice Dept can sue banks etc in this situation, not pensioners. Amiraquest another corporate fraud. Mario Droghi Italian central banker decrying democracy, calling for more austerity aka poverty for proles, cutbacks in social spending, lowered wages, easier hire/fire.
Bankers and politicians now assume the general public is so enured to fraud and government abuse they can do anything in plain sight without fear of comeback. If people get outraged their outrage is attacked - not the reasons why they get mad. Lay on the anger management!
Lawyer Lenin (Jew - mother: Blanck) said the best way to attack a society is to begin by debauching its currency. Myron Fagan (Jew) in his CFR talk from 1967 and his Red Stars over America talk will reveal that "Republican" Ronald Reagan was a happy assistant in the process of massively expanding US public debt. Wife: Davi(e)s.
See! "It's not all Jews."
Check out the 'Library of Political Secrets' series of booklets at resist.com or (better) archive.org, plus some in other sites. Absorbing their message will give a better take on identifying the players in all sectors.
Does anyone have a show summary?
ReplyDeleteGlobal financial crisis of 2007-08.
ReplyDeleteThe people in this show seem to be mainly Chosenites, from the book author mentioned, probably the speaker (associate professor of law and economics, University of Missouri at Kansas City), most of those names regarding the conference etc.
(Name spellings herein approximate as often indistinct).
This is a reprise of Black's push to blame the bank executives rather than the deeper forces underlying the massive expansion of credit and its subsequent contraction and to a lesser extent the takedown of the regulatory environment mainly under Clinton.
Title of the show is taken from book Mark Meyer's book 'The Greatest Bank Robbery Ever: the collapse of the savings and loan industry'.
Rimini, Italy, First Italian Grass Roots Economic Conference on Modern Money Theory produced by Italian journalist Paulo Barnard.
Mr Black says the current crisis is 70 times larger than the s&l debacle (11trillion -vs- 150bn) in which 1,000+ senior executives were prosecuted/jailed for felonies, 3000+ convictions...
((Unnamed) Brooksley B(j)orn(e) head of CFTF overruled by Alan Greenspan. Commodity Futures Modernisation Act of 2000 removed financial derivatives from regulation. Reinventing Government movement led by Al Gore under Clinton promoted idea that efficient markets excluded possibility of fraud so government had no place to intervene. Black calls this insanity (others may call it conspiracy). The banks were to be the regulators' clients not the USA or its people under the new regulatory regime. Summers, Rubin Treasury Secretaries. See 2003 Annual Report of Federal Deposit Insurance Corporation for photo of head of Office of Thrift Supervision holding a chain saw and others shearing away red tape.
Black reveals himself when he laments that liars loans were pushed to the impoverished, the elderly and minorities 'to do this to'. Blame the white shoe boys!
The liars loans borrowers didn't have to lie.
The first Bush Presidential era prosecuted the Savings and Loans debacle in 1990 when 30000 annual prosecution referrals were made by the regulator, the Office of Thrift Supervision.
The Federal Reserve regulated the non-FDIC insured entities but despite FBI and industry experts including ACORN (?) warning against fraud neither Greenspan nor Bernanke used its authority till July 2008 after the event.
....continued....
ReplyDeleteInflation of property appraisal values was firm evidence of officer fraud against the institutions making the loans. Washington Mutual's blacklist of honest appraisers who would not inflate home values.
The banks also assisted in the ENRON fraud and were not prosecuted. FASB was ordered to amend its accounting regulations for the industry so banks were no longer required to recognise losses on fraud tainted assets like liars loans. The Bank stress tests cooked up under Geithner are a farce. Fannie May and Freddie Mac among others passed them weeks before they failed. The tests also allow banks to ignore the sovereign loan asset risks which is what the European banking crisis is all about.
Parmelot Italian food company a fraud vehicle; Citibank's vehicle to assist called in Italian "blackhole". Supreme Court(?) holds only SEC/Justice Dept can sue banks etc in this situation, not pensioners. Amiraquest another corporate fraud. Mario Droghi Italian central banker decrying democracy, calling for more austerity aka poverty for proles, cutbacks in social spending, lowered wages, easier hire/fire.
Bankers and politicians now assume the general public is so enured to fraud and government abuse they can do anything in plain sight without fear of comeback. If people get outraged their outrage is attacked - not the reasons why they get mad. Lay on the anger management!
www.neweconomicperspectives.org
www.democraziammt.info (???democraziamnt???)
Lawyer Lenin (Jew - mother: Blanck) said the best way to attack a society is to begin by debauching its currency. Myron Fagan (Jew) in his CFR talk from 1967 and his Red Stars over America talk will reveal that "Republican" Ronald Reagan was a happy assistant in the process of massively expanding US public debt. Wife: Davi(e)s.
See! "It's not all Jews."
Check out the 'Library of Political Secrets' series of booklets at resist.com or (better) archive.org, plus some in other sites. Absorbing their message will give a better take on identifying the players in all sectors.
Black or Blague?