Archive
More LIES Being Spewed By the “Southern Poverty Law Center” (SPLC) About What’s Behind OWS. “Radical Right” They Claim…
[TWG: Oh, LOOKY! The racist, hate-mongering bigots at the "Southern Poverty Law Center" (aka "SPLC") have stated that the OWS anarchist terrorists are "Radical Right"! Laughable, coming from the cabal that refers to Veterans, American Patriots and TEA Partiers as "Domestic Terrorists". ESPECIALLY laughable, considering the fact that OWS is financed, operated and supported by the obama klan, the communist party, the socialist party, the NAZI party, the KKK, islamic terrorists around the world and the democrat party as a whole. The fact that SPLC has been given credence by the obama regime, which recruited that cabal of hate-mongerers to "consult" with DHS on matters of national security and terrorism here in the United States, all law-abiding citizens of this Nation should be very concerned. The SPLC has created quite the enemies list for obama's thugs. I suggest you do some homework on that group to see what they've been up to.]
Did you know that the Occupy Movement is actually a part of the “radical right”? The movement, which received favorable comments from the commanding heights of the American left — President Obama, Nancy Pelosi, the New York Times, and MSNBC — has now shown itself to include very violent elements, including actual terrorists, who began a bomb plot in Cleveland, only to be apprehended before carrying out their program of terror.
The media has done its best to ignore the Occupy terrorists, but have now confessed. Perhaps drawing inspiration from Rep. Debbie Wasserman Schultz, who can lie with an utterly straight face about reality (what she said on tape about the Israeli ambassador, what happened on the floor of the DNC when the words Jerusalem and God were excised and then restored to the platform), the Southern Poverty Law Center has stepped in to solve the problem for the left. Re-define the Occupy movement as “radical right.”
Take a look at the latest from the “Hatewatch” page of the SPLC’s website:
The Southern Poverty Law Center has built-up a lucrative fundraising business enabling it to pay lavish salaries to those who drum up money on the basis of fighting racism and “hate groups.” The awkward fact that anti-black racial violence has diminished has not stopped it from developing other lures to keep this donations coming. The new favorite is to label supporters of traditional marriage as “hate groups.”
Now, the SPLC has gone one step further in its logic. If it is violent and bad, it must be right wing.
The progressive movement in America has slipped the bounds of reality and is living in an entirely reality-free make believe world.
[TWG: Now, let's take a look at the vermin advocating for and financing the OWS terrorists. These aren't "right wing" groups. They are marxists, nazis, socialists, racists, islamic terrorists, democrats, dictators, tyrants, murderers and a plethora of other anti-American terrorists. They're everything the "right wing" detests. The SCUM over at SPLC need to be defunded, arrested and put on trial for their lies and for aiding and abetting the enemies of this once great Nation.]
The 99%: Official list of Occupy Wall Street’s supporters, sponsors and sympathizers
The Occupy Wall Street movement has received so much media coverage in recent weeks that it’s nearly impossible to keep abreast of all the developments. So many endorsements and criticisms coming from all directions enter the news cycle in such rapid succession that even the most dedicated news junkies may have missed out on many of the pronouncements. Supporters and detractors of OWS both might find it useful to have a handy all-inclusive list of who has endorsed or embraced the protest.
To satisfy that demand, we hereby present a list of groups, organizations, individuals and entities that have expressed their support for, sponsorship of, or sympathy for the Occupy Wall Street movement.
Note: All entries on this list are real and verified. Below each entry you will find a series of source links documenting the support for OWS. We have striven in almost all cases to reference either first-hand statements by the groups or individuals themselves, hosted on their own Web sites; or videos of the people in question voicing their support for OWS at various Occupations; or news reports from reliable mainstream networks; or articles by publications or organizations sympathetic to the Occupy movement; or indisputable evidence, whatever the source. As a result, it cannot be claimed that these statements of support were made up or distorted by detractors of the Occupy movement.
As each new controversial endorsement has appeared over the last month, OWS supporters have dismissed them one by one as “isolated examples” that don’t reflect any overall trend toward extremism. But when viewed in aggregate like this, it becomes much more difficult to dismiss any individual endorsement as an aberration; instead, an undeniable pattern emerges.
This list is obviously incomplete; we hope to update it over the upcoming days and weeks.
If you think we’ve left out any well-known endorsers for which there is solid evidence, then please post suggestions and evidentiary links in the comments section; but please try to supply links that will stand up to any potential claims of misrepresentation.
If you disagree with the inclusion of any of the entries on this list, please post your reasoning and any contravening source links in the comments section, and we will take the evidence into account when updating the list.
Members of the media, bloggers, activists, OWS supporters and detractors as well are all free to repost this list, in whole or in part, without any restrictions. Do note, however, that it may be updated over time, so make sure to get the latest version.
And without further ado, here is…
The 99%: Official list of Occupy Wall Street’s supporters, sponsors and sympathizers
 |
Communist Party USA
|
 |
American Nazi Party
Media Matters, American Nazi Party, White Honor, Sunshine State News |
 |
Ayatollah Khamenei, Supreme Leader of Iran
|
 |
Barack Obama
|
 |
The government of North Korea
Korean Central News Agency (North Korean state-controlled news outlet), The Marxist-Leninist, Wall Street Journal, Times of India |
 |
Louis Farrakhan, Nation of Islam
video statement (starting at 8:28), Black in America, Weasel Zippers, Philadelphia Weekly |
 |
Revolutionary Communist Party
Revolutionary Communist Party, Revolution newspaper, in-person appearance |
 |
David Duke
|
 |
Joe Biden
|
 |
Hugo Chavez
|
 |
Revolutionary Guards of Iran
|
 |
Black Panthers (original)
|
 |
Socialist Party USA
|
 |
US Border Guard
White Reference, www.usborderguard.com, Gateway Pundit, Just Another Day blog |
 |
Industrial Workers of the World
|
 |
CAIR
|
 |
Nancy Pelosi
Talking Points Memo, video statement, ABC News, The Weekly Standard |
 |
Communist Party of China
People’s Daily (Communist Party organ), Reuters, chinataiwan.org, The Telegraph |
 |
Hezbollah
almoqawama.org, almoqawama.org (2), almoqawama.org (3), wikipedia |
 |
9/11Truth.org
|
 |
International Bolshevik Tendency
|
 |
Anonymous
|
 |
White Revolution
|
 |
International Socialist Organization
|
 |
PressTV (Iranian government outlet)
|
 |
Marxist Student Union
Marxist Student Union, Big Government, marxiststudentunion.blogspot.com |
 |
Freedom Road Socialist Organization
|
 |
ANSWER
|
 |
Party for Socialism and Liberation
Liberation News (1), pslweb.org, The Daily Free Press, Liberation News (2) |
Brandon Darby: Anarchists Plan to Take Down Emergency Medical Services at RNC
[TWG: Soooooooooo...... the ows marxist shitstains are going to play terrorists again. Nothing new there. They've been trying to terrorize American citizens for years now. I just hope the police are ready for those vermin this time. I wonder how long those terrorists can pull this crap before Conservatives and other Patriotic Americans start putting them all in a cardboard box and shoving them down the sewer, where they belong. Below this article I've included the list of maggots behind the ows terrorist klan as well as an interesting read about that terrorist group, written by Thomas Sowell.]
Brandon Darby: Anarchists Plan to Take Down Emergency Medical Services at RNC
by John Sexton 25 Aug 2012
Yesterday, I interviewed my co-worker Brandon Darby as he was traveling toward the Republican National Convention in Florida. The interview focused on strategies used by anarchist protesters at the 2008 Republican National Convention and how those strategies will be used once again next week by the Occupy movement.
In addition to trying to shut down bridges to prevent delegates from reaching the convention center next week, Brandon has learned that a subgroup of Occupy is looking to shut down EMS communications throughout the city.
The video that goes along with this interview is one Brandon took at the RNC convention while working undercover for the FBI in 2008. Some of it is a bit jumpy, but you’ll see some of the street blocking tactics as well as several instances of individuals throwing items onto a freeway from an overpass.
Both the audio and video have been edited for content and brevity. What follows is the seven minute interview/video and a complete transcript of Brandon’s comments as they appear in the clip:
Brandon Darby: The video I gave you is interesting because it’s a video surveillance I took of one section of the Republican National Convention welcoming committee. Several of the clips of video were used in the prosecution of David McKay and Bradley Neal Crowder.
What happened at the Republican National Convention in ’08 is that the overall liberal, Democratic protests were organized by a group called United for Peace and Justice. Now these were the mainstream liberal protesters, not the ones who would violate the law or violate a police order or anything crazy. Now what was interesting is that the same group of people organizing the mainstream liberal protests also organized a breakaway group called the RNC Welcoming Committee and it was 500 to 1,000 anarchists. And their goal was to shut down the Republican National Convention by any means necessary.
Now they had meetings for a long time before and what they ultimately decided to do—and it was folks like Lisa Fithian leading the training, and I know because I was in the training…undercover —but what they did is they mapped out the city, maps with corporate targets, business leaders home addresses, and Republican delegates home addresses, and also where the hotels were the delegates were going to be staying in. And they handed out these maps and then they showed people videos of Molotov cocktails and various other criminal behavior and asked everyone to be creative and feel free to use what they called a diversity of tactics and to make sure the Republican National Convention can’t occur, you know, can’t happen.
In a later planning session they mapped out the area around the convention center; they divided it into several sections. Then each group of anarchists of their RNC Welcoming Committee—which we now call Occupy—each group was responsible for a different sector. They had organized everyone into three groups of people. There was the red, the yellow, and the green. What they decided was that the yellow group was going be the group that would be arrestable. They were the ones who were going to get arrested. They were going to chain their arms and hands together in PVC pipe so that the cops couldn’t cut ‘em out without injuring them. But they were going to chain themselves across the major arteries so that the delegates could not get to the convention center.
Now, Lisa Fithian and the organizers, they realized that the police were not going to allow a group to set up and do that, allow the yellow group to do that. So they figured they could use the green group, the green group being the mainstream liberal and Democratic protesters who would never violate the law intentionally. So the organizers would manipulate the green group to get into the street and protest. The green group’s not realizing that they’re being used to cover illegal behavior that’s interfering with the rights of other Americans to assemble. And then when the police told the green group to get out they would slow the green group down and try to keep them from getting out of the road. Well eventually the green group would get out of the road. And if that didn’t give the yellow group enough time to finish locking down across the road, then the red group—which are the black mask wearing anarchists would come in—and the red group would actually begin to attack police.
Last time they made riot shields that they had made out of stolen traffic barrels and the riot shields had protruding sharpened deck screws from them. And they had their signs where, their protests signs were made out of heavy, heavy sticks so they could actually have a weapon against police but police couldn’t take them or else they were violating their rights to free speech.
And they would send the red group in to attack the police and then the red group would flee and then that would give the yellow group enough time to lock down and shut the RNC down. Well what was interesting about it, is that when the red group fled then the police would treat the protesters—because they’re all one protest—they would treat them as though they had just been attacked, because they had been. Well then the green group would look like they were innocent protesters who were getting attacked and in their minds they were because they didn’t realize that Lisa Fithian and the leaders were using them as part of this effort to violently attack police and attack conservatives.
So the buses that did get through when they were held up by the yellow group, then the red group would come back and the red group threw bricks and flagstones through the windows, they slashed the tires of the buses, they threw bleach and urine in the delegates faces and they attacked the buses and the people on the buses. And that’s what they’re going to do this time.
So that was…the red, yellow, green concept is very important for people to realize that that’s what’s occurring. So people have to remember, this isn’t a bunch of unorganized and disorganized kids. This is Lisa Fithian, she’s the one who led the unions and the anarchists to shut down Seattle at the ’99 World Trade Organization protest in Seattle. It’s not something to play around with because when this is all said and done the FBI informants will have stopped bomb plots just as they and I did last time. And when that happens conservatives need to rally around because the left media and the entire left establishment who claims they have nothing to do with these anarchists, they will defend them and dirty the name of anybody who exposes them just as they did to me and just as they did to Andrew. They will defend their darlings and attack the character of anyone who holds them accountable and calls them out. And that’s what’s going to happen this time. We need to stand up as a movement, recognize what the threats are, and we need to defend the people who are keeping us safe and hold accountable and demand accountability for the people who are trying to interfere with our rights to assemble.
The other thing that they’re trying to do is that they have a coms group—and this is breaking news you need to know this—they have a coms group that is trying to shut down the EMS communications structure for the city. That’s really happening. They’re trying to shut down the communications structure for the city for law enforcement and emergency medical personnel.
People don’t realize that these demonstrations, they have a sophisticated communications structure. Like before they have one of these demonstrations, whether it’s this one or whether it’s WTO or whether it’s, whatever it is, whether it’s IMF…When these people when this global movement of anarchists that protests these things they have to rent space and have extra cooling systems and have massive cable networks and they have to have to have a lot of communications equipment, a lot of computer equipment. It’s not like a bunch of people are going to show up and talk on their cell phones. They have some massive computer equipment and their goal is to shut us down.
And no, they’re not going to do the same thing at the DNC, that’s the thing, is because the radicals feel like the average liberal is confused but they have dehumanized completely the conservative. And so they feel they are entitled to take our rights away when they’re not going to do that at the DNC. That’s the difference.
Article: Occupy Wall Street, By Thomas Sowell
The 99%: Official list of Occupy Wall Street’s supporters, sponsors and sympathizers
The Occupy Wall Street movement has received so much media coverage in recent weeks that it’s nearly impossible to keep abreast of all the developments. So many endorsements and criticisms coming from all directions enter the news cycle in such rapid succession that even the most dedicated news junkies may have missed out on many of the pronouncements. Supporters and detractors of OWS both might find it useful to have a handy all-inclusive list of who has endorsed or embraced the protest.
To satisfy that demand, we hereby present a list of groups, organizations, individuals and entities that have expressed their support for, sponsorship of, or sympathy for the Occupy Wall Street movement.
Note: All entries on this list are real and verified. Below each entry you will find a series of source links documenting the support for OWS. We have striven in almost all cases to reference either first-hand statements by the groups or individuals themselves, hosted on their own Web sites; or videos of the people in question voicing their support for OWS at various Occupations; or news reports from reliable mainstream networks; or articles by publications or organizations sympathetic to the Occupy movement; or indisputable evidence, whatever the source. As a result, it cannot be claimed that these statements of support were made up or distorted by detractors of the Occupy movement.
As each new controversial endorsement has appeared over the last month, OWS supporters have dismissed them one by one as “isolated examples” that don’t reflect any overall trend toward extremism. But when viewed in aggregate like this, it becomes much more difficult to dismiss any individual endorsement as an aberration; instead, an undeniable pattern emerges.
This list is obviously incomplete; we hope to update it over the upcoming days and weeks.
If you think we’ve left out any well-known endorsers for which there is solid evidence, then please post suggestions and evidentiary links in the comments section; but please try to supply links that will stand up to any potential claims of misrepresentation.
If you disagree with the inclusion of any of the entries on this list, please post your reasoning and any contravening source links in the comments section, and we will take the evidence into account when updating the list.
Members of the media, bloggers, activists, OWS supporters and detractors as well are all free to repost this list, in whole or in part, without any restrictions. Do note, however, that it may be updated over time, so make sure to get the latest version.
And without further ado, here is…
The 99%: Official list of Occupy Wall Street’s supporters, sponsors and sympathizers
|
Communist Party USA
|
|
American Nazi Party
Media Matters, American Nazi Party, White Honor, Sunshine State News |
|
Ayatollah Khamenei, Supreme Leader of Iran
|
|
Barack Obama
|
|
The government of North Korea
Korean Central News Agency (North Korean state-controlled news outlet), The Marxist-Leninist, Wall Street Journal, Times of India |
|
Louis Farrakhan, Nation of Islam
video statement (starting at 8:28), Black in America, Weasel Zippers, Philadelphia Weekly |
|
Revolutionary Communist Party
Revolutionary Communist Party, Revolution newspaper, in-person appearance |
|
David Duke
|
|
Joe Biden
|
|
Hugo Chavez
|
|
Revolutionary Guards of Iran
|
|
Black Panthers (original)
|
|
Socialist Party USA
|
|
US Border Guard
White Reference, www.usborderguard.com, Gateway Pundit, Just Another Day blog |
|
Industrial Workers of the World
|
|
CAIR
|
|
Nancy Pelosi
Talking Points Memo, video statement, ABC News, The Weekly Standard |
|
Communist Party of China
People’s Daily (Communist Party organ), Reuters, chinataiwan.org, The Telegraph |
|
Hezbollah
almoqawama.org, almoqawama.org (2), almoqawama.org (3), wikipedia |
|
9/11Truth.org
|
|
International Bolshevik Tendency
|
|
Anonymous
|
|
White Revolution
|
|
International Socialist Organization
|
|
PressTV (Iranian government outlet)
|
|
Marxist Student Union
Marxist Student Union, Big Government, marxiststudentunion.blogspot.com |
|
Freedom Road Socialist Organization
|
|
ANSWER
|
|
Party for Socialism and Liberation
Liberation News (1), pslweb.org, The Daily Free Press, Liberation News (2) |
Occupy Wall Street (by Thomas Sowell)
Thomas Sowell
Occupy Wall Street by Thomas Sowell
Adam Corolla Explains The Mentality Of The OWS Mobs……. EXACTLY RIGHT.
[TWG Note: Adam Corolla hits it out of the park with this one, folks. As for me, I blame the schools for creating those evil, filthy little beasts, but more than that, I blame you parents for allowing it to happen to your own children. If you have children in the public schools, being indoctrinated into this crap, then YOU are the one to blame. You hand your own children over to these monsters in the indoctrination camps (aka public schools), YOU DESERVE EXACTLY WHAT YOU GET. How could ANY parent allow their own children to be destroyed like this? You "parents" DISGUST me.]
If you feel no one has quite captured how you may feel about the ‘Occupiers’, look no further than this. There are seriously no words for how much awesome is packed into this 9 minute rant. That’s really all that can be said about it.
That and I guess we should warn you there’s some foul language contained throughout.
Enjoy as Adam verbally rips them to shreds, explains the problem, then provides us with a solution. (Language Warning…once again for good measure)
Listen to Adam Carolla’s brilliantly to-the-point synopsis here: http://biggovernment.com/mrctv/2011/11/30/adam-carolla-explains-the-ows-generation/#more-383416
Who Is Behind OWS?
The 99%: Official list of Occupy Wall Street’s supporters, sponsors and sympathizers
The Occupy Wall Street movement has received so much media coverage in recent weeks that it’s nearly impossible to keep abreast of all the developments. So many endorsements and criticisms coming from all directions enter the news cycle in such rapid succession that even the most dedicated news junkies may have missed out on many of the pronouncements. Supporters and detractors of OWS both might find it useful to have a handy all-inclusive list of who has endorsed or embraced the protest.
To satisfy that demand, we hereby present a list of groups, organizations, individuals and entities that have expressed their support for, sponsorship of, or sympathy for the Occupy Wall Street movement.
Note: All entries on this list are real and verified. Below each entry you will find a series of source links documenting the support for OWS. We have striven in almost all cases to reference either first-hand statements by the groups or individuals themselves, hosted on their own Web sites; or videos of the people in question voicing their support for OWS at various Occupations; or news reports from reliable mainstream networks; or articles by publications or organizations sympathetic to the Occupy movement; or indisputable evidence, whatever the source. As a result, it cannot be claimed that these statements of support were made up or distorted by detractors of the Occupy movement.
As each new controversial endorsement has appeared over the last month, OWS supporters have dismissed them one by one as “isolated examples” that don’t reflect any overall trend toward extremism. But when viewed in aggregate like this, it becomes much more difficult to dismiss any individual endorsement as an aberration; instead, an undeniable pattern emerges.
This list is obviously incomplete; we hope to update it over the upcoming days and weeks.
If you think we’ve left out any well-known endorsers for which there is solid evidence, then please post suggestions and evidentiary links in the comments section; but please try to supply links that will stand up to any potential claims of misrepresentation.
If you disagree with the inclusion of any of the entries on this list, please post your reasoning and any contravening source links in the comments section, and we will take the evidence into account when updating the list.
Members of the media, bloggers, activists, OWS supporters and detractors as well are all free to repost this list, in whole or in part, without any restrictions. Do note, however, that it may be updated over time, so make sure to get the latest version.
And without further ado, here is…
The 99%: Official list of Occupy Wall Street’s supporters, sponsors and sympathizers
|
Communist Party USA
|
|
American Nazi Party
Media Matters, American Nazi Party, White Honor, Sunshine State News |
|
Ayatollah Khamenei, Supreme Leader of Iran
|
|
Barack Obama
|
|
The government of North Korea
Korean Central News Agency (North Korean state-controlled news outlet), The Marxist-Leninist, Wall Street Journal, Times of India |
|
Louis Farrakhan, Nation of Islam
video statement (starting at 8:28), Black in America, Weasel Zippers, Philadelphia Weekly |
|
Revolutionary Communist Party
Revolutionary Communist Party, Revolution newspaper, in-person appearance |
|
David Duke
|
|
Joe Biden
|
|
Hugo Chavez
|
|
Revolutionary Guards of Iran
|
|
Black Panthers (original)
|
|
Socialist Party USA
|
|
US Border Guard
White Reference, www.usborderguard.com, Gateway Pundit, Just Another Day blog |
|
Industrial Workers of the World
|
|
CAIR
|
|
Nancy Pelosi
Talking Points Memo, video statement, ABC News, The Weekly Standard |
|
Communist Party of China
People’s Daily (Communist Party organ), Reuters, chinataiwan.org, The Telegraph |
|
Hezbollah
almoqawama.org, almoqawama.org (2), almoqawama.org (3), wikipedia |
|
9/11Truth.org
|
|
International Bolshevik Tendency
|
|
Anonymous
|
|
White Revolution
|
|
International Socialist Organization
|
|
PressTV (Iranian government outlet)
|
|
Marxist Student Union
Marxist Student Union, Big Government, marxiststudentunion.blogspot.com |
|
Freedom Road Socialist Organization
|
|
ANSWER
|
|
Party for Socialism and Liberation
Liberation News (1), pslweb.org, The Daily Free Press, Liberation News (2) |
Nazis, islamics and Communists Throwing Support To The Obama Regime And His OWS Mobs
Nazis are national socialists. Communists are international socialists. islamic Terrorists are… well… TERRORISTS. Not surprising they ALL support the obama regime and are hooking up with the glassy eyed IDIOTS in the parks…
TICK TOCK TICK TOCK TICK TOCK TICK TOCK……
READ THE STORY HERE: http://www.thegatewaypundit.com/2011/10/figures-nazi-party-throws-support-behind-occupy-wall-street-movement/
Obama’s Communist Party Thugs In Charge Of Orchestrating OWS Chaos
On a balmy autumn afternoon, a stroll along lower Manhattan to Liberty Plaza, or another American city or even in squares and plazas around the world, is likely to take you to an encampment of mostly-young, mostly cheerful, determined citizens who’ve come together for the long haul to challenge and oppose a list of anti-social deeds, from government support of venal businessmen to excessive CO2 emissions. Under the banner of “Occupy Wall Street,” a local-turned-global protest movement strives to bring your attention to injustice.
The panoply of complaints, seen by some observers as a childish litany, is cited by others as an important renovation: Cornel West, a fiery academic activist who advised President Obama’s 2008 campaign, says, “It’s impossible to translate the issue of the greed of Wall Street into one demand, or two demands. We’re talking about a democratic awakening.”
The visible protest is by and large a data point on a historic timeline of young people confronting a tired old regime; in that sense, it’s a periodic renaissance, the refreshment that society needs to move from one epoch to another.
In the present instance, however, there’s an undercurrent moving in the opposite direction, a careful manipulation of participants by a deeply non-democratic band. Behind the current Occupy Wall Street protests is a “red army” of radicals seeking no less than to provoke a new, definitive economic crisis, with their goal being the full collapse of the U.S. financial system, with the ensuing chaos to be rebuilt into a utopian socialist vision.
!!! HOLY BAILOUT !!! – Federal Reserve Now Backstopping $75 Trillion Of Bank Of America’s Derivatives Trades
[Geeee.... I wonder how the glassy eyed, filthy idiots at OWS would feel if they actually paid attention enough to know what their messiah and masters are up to. They need to pack up their crap and head on over to 1600 Pennsylvania avenue. THAT is where they belong.]
Hat tip, Peggy Hutt, for forwarding this on. Thanks Peggy!
This story from Bloomberg just hit the wires this morning. Bank of America is shifting derivatives in its Merrill investment banking unit to its depository arm, which has access to the Fed discount window and is protected by the FDIC.
This means that the investment bank’s European derivatives exposure is now backstopped by U.S. taxpayers. Bank of America didn’t get regulatory approval to do this, they just did it at the request of frightened counterparties. Now the Fed and the FDIC are fighting as to whether this was sound. The Fed wants to “give relief” to the bank holding company, which is under heavy pressure.This is a direct transfer of risk to the taxpayer done by the bank without approval by regulators and without public input. You will also read below that JP Morgan is apparently doing the same thing with $79 trillion of notional derivatives guaranteed by the FDIC and Federal Reserve.
What this means for you is that when Europe finally implodes and banks fail, U.S. taxpayers will hold the bag for trillions in CDS insurance contracts sold by Bank of America and JP Morgan. Even worse, the total exposure is unknown because Wall Street successfully lobbied during Dodd-Frank passage so that no central exchange would exist keeping track of net derivative exposure.
This is a recipe for Armageddon. Bernanke is absolutely insane. No wonder Geithner has been hopping all over Europe begging and cajoling leaders to put together a massive bailout of troubled banks. His worst nightmare is Eurozone bank defaults leading to the collapse of the large U.S. banks who have been happily selling default insurance on European banks since the crisis began.
By the way, if you took 79 trillion dollars and divided it up between 307 million people (the population of the U.S.) you could give every man, woman and child in America $257,329.00 (over a quarter of a million dollars each).
Who and What is OWS Protesting?
Who, indeed! They need to pack up their dreadlocks and bongo drums and head on over to 1600 Pennsylvania Avenue to take a crap.
A Look At OWS…
NO SURPRISES HERE. THIS IS HOW THE COMMIES, GLASSY EYEDS AND MARXISTS ROLL. SCUM.
YES, THAT'S AN AMERICAN FLAG HE'S CRAPPING ON...
