AP study finds $1.6B went to bailed-out bank execs

AP study finds $1.6B went to bailed-out bank execs

news.yahoo.com

Banks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses, and other benefits last year, an Associated Press analysis reveals.

The rewards came even at banks where poor results last year foretold the economic crisis that sent them to Washington for a government rescue. Some trimmed their executive compensation due to lagging bank performance, but still forked over multimillion-dollar executive pay packages.

(visit the link for the full news article)

Couldn't these people be considered as economic terrorists? I think we should seize all their assets just as we have done to so many other people that had terrorist ties.

These people are terrorizing our economy and they need to be punished just as any criminal would be. They have made a mockery of our system and have stolen from the American people.

I wonder what it will actually take for the people of this country to finally get angry enough to do something? Will it take a complete and total collapse of our economy? I actually wonder if that would even do it. I think the people are in fact comatose and are incapable of waking up.

news.yahoo.com
(visit the link for the full news article)

Time for..... Plan B!

OK, This is the course of action we are currently taking:

Let's assume that they will do what they have said and that is "7.4 (7.7) trillion will be printed for the bailout and or credit revival and given to banks" the banks who currently refuse to loan money and extend lines of credit to business.
digg.com...

kenthink7.blogspot.com...

((Nov. 24 (Bloomberg) -- The U.S. government is prepared to provide more than $7.76 trillion on behalf of American taxpayers after guaranteeing $306 billion of Citigroup Inc. debt yesterday. The pledges, amounting to half the value of everything produced in the nation last year, are intended to rescue the financial system after the credit markets seized up 15 months ago))

Then businesses go "out of business" or if they are big enough they go to the government for money because the banks are terminating lines of credit and no longer loan money though they are getting trillions at 0% to 0.25% from the Fed.

Now we want even MORE money printed / created (estimated to be over another trillion) for a stimulus package for consumers because we need consumer spending to revive the economy.

Barack Obama reveals stimulus package that could exceed $1 trillion

www.timesonline.co.uk...

So in essence, we are trying tickle down economics and it isn't working because the banks are keeping the money, investing it overseas, using it to buy out each other and giving themselves massive bonus & payouts. Well everyone, guess what... it isn't working.

Plan #2 (Plan B)

My plan is to borrow mortgage money from the Fed directly at 0.5 % which is double the amount of interest the banks are being charged but a fraction of what we are currently being charged by the banks.

By taking the 0.5% Mortgage "Recapitalization" from the Fed directly, we pay off our mortgages in full to the bank and the bank now has capital of millions of "paid in full" mortgages and cannot complain about mortgage write-offs and defaults (if you haven't looked, go to a mortgage calculator and put in 6% or whatever your mortgage rate is... now try it with 0.5%).

At 0.5 % our monthly mortgage payments are half or less of what they were. (STIMULUS PACKAGE DONE) Now the Fed gets twice the interest that they were getting back from the banks at a 0.25%. "win/win"

Now, The banks get these Mortgage pay offs from millions of mortgages and have all the money they claim they need to alleviate their shortage. (I will provide details if asked on how the process works as it is ingenious.. LOL)

This is not a refinance and does not require surveys and assessments, this is strictly a "mortgage recapitalization" with a hard $200.00 "origination fee".

$50 goes to a bank who is providing the paperwork / processing.
$100 goes to you city / municipality
$50 goes to State
(This helps local / state governments that are in a pinch)


So another 1 or 2 Trillion on another stimulus won't be needed because we are getting a stimulus every month by halving our own mortgages.

Now - Throw in REGULATION to prevent this from happening again and going forward, the banks can pick up mortgage origination again.

Win / Win / Win .... this isn't "trickle up, it is stream up"

OK, Put current plan against "Plan B" side by side. We print less money and get the stimulus needed with Plan B. It is the common sense solution of our "current" problem. Yes, our fiat & debt system is another matter entirely but for our current situation, this buys us a few years.

I daresay that we could do this with student loans & current car loans as well but allot of people seem to be against that.

And I think your a bit short there according to the UK guardian:

www.guardian.co.uk...


Wall Street banks in $70bn staff payout
Pay and bonus deals equivalent to 10% of US government bail-out package

Financial workers at Wall Street's top banks are to receive pay deals worth more than $70bn (£40bn), a substantial proportion of which is expected to be paid in discretionary bonuses, for their work so far this year - despite plunging the global financial system into its worst crisis since the 1929 stock market crash, the Guardian has learned.

Staff at six banks including Goldman Sachs and Citigroup are in line to pick up the payouts despite being the beneficiaries of a $700bn bail-out from the US government that has already prompted criticism. The government's cash has been poured in on the condition that excessive executive pay would be curbed.

reply to post by DarrylGalasso


The "WE" you are referring to are the ones that are benefiting from all the bail-out money. And their friends as well. Why would they want to stop the fleecing of the public?

reply to post by infolurker


Excellent post, stared just for haveing a simple yet effective solution.

Unfortunately, the fed is not government owned, it is private owned with ties to the banking cartel. So why would they deny themself of trillions of free cash, which the tax payers of America will be liable for, also end up paying for with massive interest rates ontop? Your plan makes far too many free people, there plan keep everyone but a elite minority (upper class, politicians, celebrity etc) a slave to the system.

A NWO needs slaves to build and run its empire, it does not need equals who can have any say in the plans or directions of NWO policy! It also needs celebrities to keep the people sedated and compliant.