The 2008 final body count was twenty-five (25) banks and fourteen (14) credit unions. In the first 3.5 months of 2009, the number of failed banks has already been equaled. In addition, two federal credit unions have failed, plus the two largest wholesale corporate FCUs totaling $57 Billion in assets due to losses on mortgage-related securities being much larger than originally thought. FULL ARTICLE
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7 comments ↓
The monetary policies of the fed are definitely driving us all over the cliff. Sad part is that there’s so many people begging for more!
That’s right. More of the same is somehow going to fix our problems. Better be careful what bank you have your money in!
I don’t feel sorry for the banks, however the smaller banks are being nationalized while the big banks are controlling the government. You can protest by not paying your credit cards, or by delaying payment, or by not banking with the big banks. http://www.dontpaycreditcards.com/NWO.html
I’d rather see a protest by not paying the federal government. They’re the ones with the guns and the force. They print the money, they take our incomes, they spend us into oblivion, they wage the wars, they lock up millions of non-violent people…..What do you think about that bgamall?
Well, I don’t think that the populace would do that. They could boycott the banks who apparently are more powerful than the government, having been able to raid the treasury and set up a bad bank at taxpayer expense with the PPIP.
Banks are the source of the evil of war waging, etc. The petrodollar was the primary cause of the Iraq War.
Banks are the source? Oh come on. Banks are bad and they’re clearly ripping us off, but do you seriously think it’s Citibank that’s sending more and more troops around the world to kill and conquer? No sir. That’s George Bush and now, Barack Obama.
Dave, I understand what you are saying. But look, we went into Afghanistan for a pipeline. The Taliban went to Texas in 1997 and refused a 100 million dollar bribe to build a pipeline through Afghanistan. 9/11 was Bush’s opportunity. After all PNAC had called for a new pearl harbor in 2000 and the empire building neocons got what they wanted. So the war in Afghanistan is to protect Daddy Bush’s investments in the Caspian Sea. Money is the Bush Family god. It is the root of their policy. They also make money on war profiteering. Stop the banks and you stop the ability to finance war.
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