Truth about OWS and The Banker Boys.. and what will come..

Firstly, this is my first post about ows on here.. but something you should all know. Big bankers are backed by FDIC.. that means if Bank of America or etc goes down.. WE get stuck with repaying all that bad debt they have... it means our government has taken responcibility for that bank..

.. More also on the subject of Bank of America.... you have 1 company Bank of America.. another Bank of America Corporation... The corporation is a bunch of the big shot multi millionaire/billionaires... They own Bank of America which is FDIC, they also own Merril llync, which isnt FDIC,,, The "Corporation" part has transferred all of the bad debt from merril llynce TOO Bank of America.. because they KNOW things are going downhill... It isnt going to hurt these big guys one bit. They know how to play this ballgame and they are prepared and welcome it..

pls dont judge my post by my poor spelling or sentence structure because I suck at my proper grammar... research these things yourself and find out the truth on that part.... as far as secret service etc, taking over and voicing up in the ows party and causing the martial law etc scene... I have no idea. but i would guess more towards that being truthful, I think martial law is something they want, so they have control to set in motion their own goals .. which all relates to gaining power and control..

My opinion of ows is that it started for the right reasons... but its a bunch of sheeple, they dont see through to the truth of the situation, big boys had one up on us.

Thx for reading I hope some of you look into what I've talked about and maybe someone else can better explain/ spread the word.

You are right not only BoA transfered all the money from ML but also other big banksters like Citi, Wells fargo did same thinks
They are rushing because next year new law will effect all of them ...will be illegal to do transfers like that.

reply to post by Xagathorn

but something you should all know. Big bankers are backed by FDIC.. that means if Bank of America or etc goes down.. WE get stuck with repaying all that bad debt they have... it means our government has taken responcibility for that bank..

The FDIC backs deposits up to $250,000 .. anything above that is not covered, and no assets/liabilities are covered under the FDIC, nor any bank property or finances.

When a bank "goes under" so to speak, technically speaking the only people who suffer the losses are shareholders and bond holders. During liquidation the rankings of preferred shares, common shares, and bond holders determines the amount of compensation for individual losses. Because BoA is a massive bank, the Government would save them anyways.. but technically, it's not supposed to. The FDIC has no part in this.

.. More also on the subject of Bank of America.... you have 1 company Bank of America.. another Bank of America Corporation... The corporation is a bunch of the big shot multi millionaire/billionaires... They own Bank of America which is FDIC, they also own Merril llync, which isnt FDIC

It's just Bank of America. They have several subsidiaries under them, but Bank of America is incorporated, there is no "Bank of America Corporation" .. BoA already IS the corporation? BoA is backed by the FDIC, but so is Merrill Lynch (up to $250,000) for it's investment accounts. Merill Lynch is also now BoA corporate investment acquisitions department as well, which manages the underwriting and advisories to corporate mergers and acquisitions. A subsidiary of a corporation cannot own the corporation, it's an oxymoron since the corporation owns the subsidiary business....

The largest share holder of Bank of America is the current CEO, and he holds just under 5% of the corporation .. the largest corporate owner is State Street Corp.. at under 5% as well. Technically speaking since State Street and Vanguard (second largest corp owner) are basically giant mutual funds, American workers are the largest owner of BoA, if you combined all the various firms with ownership.

"Corporation" part has transferred all of the bad debt from merril llynce TOO Bank of America.. because they KNOW things are going downhill

Merrill Lynch's liabilities are maintained under ML's balance sheets.. but it doesn't matter, because BoA has to list the assets and liabilities of it's own and it's subsidiaries .... so .. it doesn't matter where the debt is moved to, it still ends up on the master corporations books..

The only liability movement between the banks is from the banks to a subsidiary corporation called "Maiden Lane" which is a subsidiary of the Federal Reserve.. there are Maiden Lane LLC's (5 corporations in total) that are "bad banks".

research these things yourself and find out the truth on that part.

Indeed, we could start with elementary business models.

Banks still suck, true true.. but it's best if we have a proper understanding of these matters. This way we can hate them for the right reasons.

PS: Balance sheet of the Feds
www.federalreserve.gov...