A Truth Journal: Obama Wants To Hand Over Your Money to Big Banks To Gamble As They See Fit? Seriously?

Sen. Warren says, "Not so fast Mr. President; hands off taxpayers' money!" 
calling the $1.01 trillion spending bill 
“the worst of government for the rich and powerful.”  
Source: J. Scott Applewhite/AP

A Truth Journal: Obama Wants To Hand Over Your Money to Big Banks To Gamble As They See Fit? Seriously?:  From Denny:  Forget about being a lame duck, President Obama is now toast with the American people.  Who the hell wants their President to sell them down the road just to make a government funding deal?  Yes, our President has decided, in his infinite wisdom, to give Big Banks everything their greedy hearts desire.  Unbelievable.

Two weeks before Christmas here are President Grinch, and his evil twin, Wall Street Grinch,  demanding that American taxpayers pay dearly for Big Banks to continue down the dangerous road of a constantly growing $800 trillion in out of control derivatives by bailing out the Big Banks when their risky gambling loses.  The U. S. economy only makes about $20 trillion annually.  How are we supposed to pay off this insane level of derivatives when they go bad?  Read on ...

2 Merry Christmas Iphone 6 Tough Case

Check out Santa watching you with a wink and a smile!

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Crooked Deal, No Oversight: Bank America Gets $75 TRILLION Bailout From Taxpayers?

Bank of America Image via Wikipedia

From Denny:  Think you know just how scummy the tactics are on Wall Street?  Wait for it because this week the American taxpayers got skunked yet again - and without Congress getting involved.

What happened to screw over Americans?  You see Bank of America got greedy and shoveled toxic derivatives out of their recently purchased Merrill Lynch and into the part of the bank that is insured by the U.S. government: taxpayers.

That way the Merrill Lynch unit of Bank of America will not be responsible for what could be as much as $75 TRILLION in this toxic dump.  That's how much of this garbage they have in house. To get perspective on this, the annual American economy is only $15 trillion.

Gordon Brown Book: 9 Big Banks Manipulating World Economy

Check out the crooked world of global banking.

From Denny: Former British Prime Minister Gordon Brown brings into focus the world economic meltdown in his latest book "Beyond The Crash: Overcoming The First Crisis of Globalisation." This video clip is the extended interview and also an exclusive one with Jon Stewart on The Daily Show.

Former Prime Minister Gordon Brown Exclusive Interview

The revelations of inept government and banking officials is astounding here. Government leaders around the world assumed that bankers were professionals and actually knew and understood the banking system. According to PM Brown, apparently bankers from renowned global Big Banks admitted to not understanding the concept of how to calculate financial risk. That's like saying you don't understand the concept of burning yourself if you put your hand into the roaring fire. Unbelievable.