Swampyville's - Pickpocketing for Who's Prosperity?
March 11, 2012
Swampyville's: Reading Between the Lines!
WHEN THE "LIL MICE" ARE ALL ASLEEP, THAT IS WHEN THE "BIG CATS" CREEP;
"Pickpocketing" is a form of larceny that involves the stealing of money or other valuables from the person of a victim without their noticing the theft at the time. "It requires considerable dexterity and a knack for misdirection". (Wikipedia)
Houston (AP) - March 7, 2012! Texas tycoon R. Allen Stanford spent more than 20 years charming investors, who handed him billions of dollars they had spent their lives accumulating through hard work and saving.
Stanford promised them safe investments that would help fulfill their dreams of being able to retire comfortably or pay for their children's college tuition. All the while, he was pulling their money out of his Caribbean bank to pay for a string of business failures and a jet-setting life style.
A civil trial was conducted in which prosecutors hope to seize about $300 million from Stanford controlled bank accounts in countries, such as Switzerland, Britain and Canada.
MY QUESTION IS? WHEN IS OUR JUSTICE DEPARTMENT GOING AFTER THE BANKS (INCLUDING U.S. BANKS), WHO IN MY OPINION, WERE WELL AWARE OF WHAT WAS GOING ON? (Why Not? The government would be killing the Geese that lay their Golden Eggs.)
Several years ago, a now defunct bank was caught doing what they weren't supposed to do. This bank was accused of and agreed to pay a couple hundred million dollar fine for involvement in laundering approximately 400 billion of South American/Mexican drug cartel funds. (They gained several billion in profit for looking the other way and paid a meager 160 million in fines (after admitting no guilt)).
This same bank was charged with negligence in not taking any action against companies engaged in "Personal Identity" theft. They were well aware of it because they were receiving transaction funds from these companies.
To purchase this defunct bank, a larger financial institute was granted a huge tax break by the Internal Revenue Service so that they would had sufficient funds to buy this failing bank. (Now you can see where most of your tax money goes.) (It didn't stop there. Other big financial institutes were given tax funds also to purchase failing smaller financial entities.)
Another scheme that the financial interests are playing on the American Tax Payers: Several years ago, this same, now defunct financial institute (remaining assets purchased by a larger financial institute with tax money), was caught with their pants down. It wasn't our fabulous government that caught them. It was one of those who was scammed that went public with it.
This business person tired of his current business, sold it at a profit. His tax bill was for several million. This now defunct bank approached him about investing this tax money in one of their schemes. He was told that eventually this investment would result in a huge profit, in that he had a several year period to pay this tax obligation. The bank took his and others tax obligations, combined them, and leased an European small village's water/sewer works. The village officials were paid several hundred million of tax payer's money for this lease. The officials of this village took a few million for their personal accounts and funneled the remainder into this financial institute's overseas subsidiary bank. The lease was subsequently defaulted on and the bank, as well as the investors of these funds, declared a loss and paid no taxes. The American Tax Payers were left with the loss! (Other big banks were guilty, but were never charged with corruption?).
AS YOU CAN VERY WELL SEE; "IF THERE IS ANY LINGERING DOUBT - THEN IT IS TIME TO GET THE HECK OUT"!
I'm assuming most have forgotten about the Savings and loan crisis and the Mexican bail outs in the 1980s and the 1990s when the American Tax Payers were forced to guarantee/pay for them. Today's economic problems are eerily similar to then!
In my opinion, that is where most of the TARP and Stimulus (Tax Funds) went. To the financial interests/corporations through governmental culpability for their investments overseas and they will keep the profits they make!
"AD NAUSEUM" (To the point of making one sick)