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Financial Crisis: Who’s to Blame?

Joe Knight uses thrift store characters to explain the financial crisis & who is to blame.

rt.com NEWS news.google.com -”Grecian debt crisis has Wall Street connection” NewsOK.com – Malcom Burko – ‎Feb 27, 2010‎-Goldman Sachs (GS — 6.35) was paid 0 million to help Greece hide 0 billion of its debt so it could join the EU … Cleaning up Greece’s Augean Stable Huffington Post (blog) – ‎Feb 24, 2010‎ We also learn with Wall Street’s increasingly notorious Goldman Sachs bank reportedly helped Greece hide its debts through opaque financial derivatives … FACTBOX – Debt derivatives deals in weak euro zone states Reuters – Harry Papachristou, Andrei Khalip – ‎Feb 22, 2010‎ SWAPS: In 2001, the government did cross currency and interest rate swaps with Goldman Sachs (GS.N) converting debt into a stream of future liabilities; … Complete Crisis Coordination Gold Seek – Jim Willie Cb – ‎Feb 17, 2010‎ Goldman Sachs is on the hot seat not only for its AIG pressured fraudulent tactics, but now again for its concealed misrepresentation of European sovereign …

The Stench of Truth (260).mp4 Audit the Federal Reserve survives a committee vote in the House which lays the way for it to be voted on in the full house. I don’t see the bill getting anywhere because there is too much to hide especially with this administration. BUT we have to do what we can to agitate for it! Call your rep.’s and senators and tell them to vote for it!!! There is no difference between democrats and republicans and while one might take the stance of voting the bums out often …

President Obama announced the introduction of the new consumer financial protection agency, which will execute a plan for regulation reform that would improve the current “patchwork system” full of outdated regulations and lax oversight that helped lead to last year’s crisis,” and “stand up, not for big banks, not for financial firms, but for hard-working Americans.” Such changes, he says, would prevent consumers becoming victims of “predatory practices of some in the financial industry …

Harry Markopolos testified before the House Financial subcommittee that his warnings as early as 2000 and on four subsequent occasions to the Securities and Exchange Commission about Bernie Madoff’s fraud went unheeded, despite his having given them evidence. They could have confirmed as easily as asking Madoff for trade certificates to prove that he was actually making the trades he was representing to his clients – and discovering that he didn’t have any. Markopolos said of the SEC …

Max Keiser talks to Stacy Herbert about China reneging derivatives contracts recorded on September 5th 2009 中国= China 孫子= Sun Tzu . 温家宝got the US by the balls . MADE IN CHINA . on EBAY search for Fiat Paper Money and you’ll find the book of RALPH T. FOSTER facinating reading of his research . G20 finance ministers and central bankers have agreed a series of measures to curb excessive bank bonuses, including spreading payments over a number of years, inserting clawback provisions in …

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