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Originally posted by Skippy1138
reply to post by XPLodER
Do you have some links/sources/data for your claim?
Originally posted by whoshotJR
Your title is a lie, see the Madoff case.
In March 2009, Madoff pleaded guilty to 11 federal felonies and admitted to turning his wealth management business into a massive Ponzi scheme that defrauded thousands of investors of billions of dollars. Madoff said he began the Ponzi scheme in the early 1990s. However, federal investigators believe the fraud began as early as the 1970s,[5] and those charged with recovering the missing money believe the investment operation may never have been legitimate.[6] The amount missing from client accounts, including fabricated gains, was almost $65 billion.[7] The court-appointed trustee estimated actual losses to investors of $18 billion.[6] On June 29, 2009, he was sentenced to 150 years in prison, the maximum allowed.[8][9]
Two wrongs don't make a right.
Define this wall street you speak of, is it anyone who invests or just those who make a certain amount oof money? You have very broad statements but who are they really pointed at?
Do you have a job?
if all the money and effort that was spent on evicting pieceful protestors from parks and reserves accross america was spent on Prosecuting wall street we would have quite a few indictment by now, and courts would be hearing cases against finincial traders who defrauded the populace not petitions to evict protestors.
Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts
The list of institutions that received the most money from the Federal Reserve can be found on page 131 of the GAO Audit and are as follows..
Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)
and many many more including banks in Belgium of all places
Originally posted by Skippy1138
reply to post by XPLodER
No-I'm not joking-show me data where "millions" (as you claim in your thread title) are being spent.....did I stutter?
police have received a bonanza of overtime, making up a large part of at least $10.3 million in costs incurred ]by nine cities since the protesters began gathering near Wall Street two months ago.
Originally posted by Skippy1138
reply to post by XPLodER
So no one from Wall Street gets prosecuted? (By the way-I spelled "prosecuted" correctly-unlike you did in your thread title):
www.nbcnewyork.com...
articles.latimes.com...
www.msnbc.msn.com...
dealbreaker.com...
Originally posted by itscocobaby
if all the money and effort that was spent on evicting pieceful protestors from parks and reserves accross america was spent on Prosecuting wall street we would have quite a few indictment by now, and courts would be hearing cases against finincial traders who defrauded the populace not petitions to evict protestors.
I agree with you and I am hopeful that some day soon..we may see some of these offenders prosecuted for the financial coup d'etat perpetrated on not only the American citizens..but of countries around the world..why these thief's should be tarred and feathered.. here's a short list of some of them..visit the links for more reading and info SnF Cheers Coco
Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts
The list of institutions that received the most money from the Federal Reserve can be found on page 131 of the GAO Audit and are as follows..
Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)
and many many more including banks in Belgium of all places
Full article at www.silverbearcafe.com...
Senator Sander’s Article: sanders.senate.gov...
Source: www.gao.gov...
FULL PDF on GAO server: www.gao.gov...edit on 29-11-2011 by itscocobaby because: forgot something
Anyone who wants to defend this group of banksters I have listed above..needs their head examinededit
on 29-11-2011 by itscocobaby because: (no reason given)
Originally posted by whoshotJR
reply to post by XPLodER
You said no money was spent, are you saying none was spent on that case?
do have a job and will ask again, do you?
You say you use no products or services from these giant companies and evil wall street. Your posting on the internet from a phone or PC and I bet you use a ton of things made from the company GE.
So you have no insurance or 401k, no stocks? Since the evil wall street and stock market are made of banks I'm sure you don't use one of those ever. How about any person or company that invests because they are making it possible for this evil to happen.
You should watch the movie too big to fail, highlights an interesting side of the issue.
$16,000,000,000,000.00 had been secretly given out to US banks and corporations and foreign banks everywhere from France to Scotland. From the period between December 2007 and June 2010, the Federal Reserve had secretly bailed out many of the world’s banks, corporations, and governments. The Federal Reserve likes to refer to these secret bailouts as an all-inclusive loan program, but virtually none of the money has been returned and it was loaned out at 0% interest. Why the Federal Reserve had never been public about this or even informed the United States Congress about the $16 trillion dollar bailout is obvious - the American public would have been outraged to find out that the Federal Reserve bailed out foreign banks while Americans were struggling to find jobs.