Edit Preferences
Logout
PhilipTaylor's Comments (26853)
View Comments:
Sort:
1 - 25 of 26853
Doug Hampton: Ensign Should 'Resign Immediately,' C Street Protecting Him (VIDEO)
Commented Nov 24, 2009 at 22:57:32 in Politics
“Isn't it TIME to B1ow the LID 0FF C Street in the MEDIA?
This EL1T1STS Group has proved to be both S1CK and Corrupt!”
This EL1T1STS Group has proved to be both S1CK and Corrupt!”
Insurance Industry Antitrust Fight Headed To Conference Committee
Commented Nov 24, 2009 at 22:02:06 in Politics
“Corporate Dominance or For the People and Real Capitalism!”
HMDMSR replied on Nov 24, 2009 at 22:45:27
“No--only "for the people."”
Reid Sees More Problems Than Solutions In Using Reconciliation
Commented Nov 24, 2009 at 18:12:17 in Politics
“THE SIX THINGS STEALING OUR DEMOCRACY AND TRUE CAP1TALISM (VAMP1RE BANKSTERS)
1. Our Corrupting V0TE Selling Campaign Funding System where Wall Street and Corporations OWN our Government!
2. The BANKSTER OWNED FED Reserve System manipulated by Foreign and Wall Street Banksters
3. Distorted TAX system - Go Back to 50 year Tradition= TOP TAX Rate of 63% to 94% on incomes over $550,000! Apply to Hedge Fundsters = NO MORE Capital Gains TAX!
Graph = http://pol.moveon.org/budget10/chart/?id=15734-8599887-MahjTHx&t=1
4. This CROP of Wall Street CR00KS CAN NOT BE REHAB1L1TATED, FAR T00 C0RRUPTED BY THE EASY SCAM, and MUST GO! Same goes with Summers/Ge!thner!
5. Do away with any Product/De rivative/S wap that can NOT be put on an OPEN EXCHANGE because it is too complex. Do away with “TOO-COMPL EX-TO-EXIS T”
6. Use the added Revenue from #3 to build a NEW Manufacturing Economy that creates EXPORT WEALTH and SOLVES our ENERGY IMPORTATION from Our Enemies.
Chine #1 Creditor Nation!
US #1 Debtor Nation!
Overcome these SIX Problems and A Functional Democracy by the People and for the People will blossom.”
1. Our Corrupting V0TE Selling Campaign Funding System where Wall Street and Corporations OWN our Government!
2. The BANKSTER OWNED FED Reserve System manipulated by Foreign and Wall Street Banksters
3. Distorted TAX system - Go Back to 50 year Tradition= TOP TAX Rate of 63% to 94% on incomes over $550,000! Apply to Hedge Fundsters = NO MORE Capital Gains TAX!
Graph = http://pol.moveon.org/budget10/chart/?id=15734-8599887-MahjTHx&t=1
4. This CROP of Wall Street CR00KS CAN NOT BE REHAB1L1TATED, FAR T00 C0RRUPTED BY THE EASY SCAM, and MUST GO! Same goes with Summers/Ge!thner!
5. Do away with any Product/De rivative/S wap that can NOT be put on an OPEN EXCHANGE because it is too complex. Do away with “TOO-COMPL EX-TO-EXIS T”
6. Use the added Revenue from #3 to build a NEW Manufacturing Economy that creates EXPORT WEALTH and SOLVES our ENERGY IMPORTATION from Our Enemies.
Chine #1 Creditor Nation!
US #1 Debtor Nation!
Overcome these SIX Problems and A Functional Democracy by the People and for the People will blossom.”
Wisconsin Dave replied on Nov 24, 2009 at 18:24:38
“OFF-TOPIC ---- PURE CONFUSION”
freethinkergirl replied on Nov 24, 2009 at 18:19:01
“Yes!!!”
In Crazy New Landscape For Banks, Taxpayers Are The Big Losers
Commented Nov 24, 2009 at 17:56:49 in Business
“REPAIR DISTORTED TAX SYSTEM AND USE RESULTING REVENUE TO BUILD MANUFACTURING AND PAY FOR 0BAMA'S WAR!
Distorted TAX system - Go Back to OUR 50 year Tradition
From 1932 to 1982 the TOP TAX Rate was 63% to 94% on incomes over $550,000 (adjusted for 2009)!
Note: 1981 Top Tax Rate was 70% on income over $212,000!
Apply to Rate to Hedge Fundsters' $Billion Incomes = NO MORE Capital Gains TAX!
Graph = http://pol.moveon.org/budget10/chart/?id=15734-8599887-MahjTHx&t=1
Use the added Revenue to build a NEW Manufacturing Economy that creates EXPORT WEALTH and SOLVES our ENERGY IMPORTATION from Our Enemies.
__________ __________ _
Each Individuals Discretionary Income should be used as the BASE for FLAT Income Tax of 35% to 50% with ZERO deductions!
Tax all Income above basic Middle-Class Subsistence!
So a Family of 4 making $60,000 = $0 Discretionary Income!
A family of 4 with $12 Million = $11,940,000 in Discretionary Income!”
Distorted TAX system - Go Back to OUR 50 year Tradition
From 1932 to 1982 the TOP TAX Rate was 63% to 94% on incomes over $550,000 (adjusted for 2009)!
Note: 1981 Top Tax Rate was 70% on income over $212,000!
Apply to Rate to Hedge Fundsters' $Billion Incomes = NO MORE Capital Gains TAX!
Graph = http://pol.moveon.org/budget10/chart/?id=15734-8599887-MahjTHx&t=1
Use the added Revenue to build a NEW Manufacturing Economy that creates EXPORT WEALTH and SOLVES our ENERGY IMPORTATION from Our Enemies.
__________ __________ _
Each Individuals Discretionary Income should be used as the BASE for FLAT Income Tax of 35% to 50% with ZERO deductions!
Tax all Income above basic Middle-Class Subsistence!
So a Family of 4 making $60,000 = $0 Discretionary Income!
A family of 4 with $12 Million = $11,940,000 in Discretionary Income!”
Hello There replied on Nov 24, 2009 at 18:33:14
“Do we live in a bee colony yet? I want to go to work and watch my TV and not worry...just stay busy. oops. You forgot one thing...we're not insects
maybe you can be(e) one by yourself?”
maybe you can be(e) one by yourself?”
vonmises2012 replied on Nov 24, 2009 at 18:04:14
“so I guess you live in the woods and eat canned food?”
In Crazy New Landscape For Banks, Taxpayers Are The Big Losers
Commented Nov 24, 2009 at 17:43:31 in Business
“THE SIX THINGS STEALING OUR DEMOCRACY AND TRUE CAP1TALISM (VAMP1RE BANKSTERS)
1. Our Corrupting V0TE Selling Campaign Funding System
2. The BANKSTER OWNED FED Reserve System manipulated by Foreign and Wall Street Banksters
3. Distorted TAX system - Go Back to 50 year Tradition= TOP TAX Rate of 63% to 94% on incomes over $550,000! Apply to Hedge Fundsters = NO MORE Capital Gains TAX!
Graph = http://pol.moveon.org/budget10/chart/?id=15734-8599887-MahjTHx&t=1
4. This CROP of Wall Street CR00KS CAN NOT BE REHAB1L1TATED, FAR T00 C0RRUPTED BY THE EASY SCAM, and MUST GO! Same goes with Summers/Ge!thner!
5. Do away with any Product/Derivative/Swap that can NOT be put on an OPEN EXCHANGE because it is too complex. Do away with “TOO-COMPLEX-TO-EXIST”
6. Use the added Revenue from #3 to build a NEW Manufacturing Economy that creates EXPORT WEALTH and SOLVES our ENERGY IMPORTATION from Our Enemies.
Chine #1 Creditor Nation!
US #1 Debtor Nation!
Overcome these SIX Problems and A Functional Democracy by the People and for the People will blossom.”
1. Our Corrupting V0TE Selling Campaign Funding System
2. The BANKSTER OWNED FED Reserve System manipulated by Foreign and Wall Street Banksters
3. Distorted TAX system - Go Back to 50 year Tradition= TOP TAX Rate of 63% to 94% on incomes over $550,000! Apply to Hedge Fundsters = NO MORE Capital Gains TAX!
Graph = http://pol.moveon.org/budget10/chart/?id=15734-8599887-MahjTHx&t=1
4. This CROP of Wall Street CR00KS CAN NOT BE REHAB1L1TATED, FAR T00 C0RRUPTED BY THE EASY SCAM, and MUST GO! Same goes with Summers/Ge!thner!
5. Do away with any Product/Derivative/Swap that can NOT be put on an OPEN EXCHANGE because it is too complex. Do away with “TOO-COMPLEX-TO-EXIST”
6. Use the added Revenue from #3 to build a NEW Manufacturing Economy that creates EXPORT WEALTH and SOLVES our ENERGY IMPORTATION from Our Enemies.
Chine #1 Creditor Nation!
US #1 Debtor Nation!
Overcome these SIX Problems and A Functional Democracy by the People and for the People will blossom.”
Jamie Dimon, Treasury Secretary? Evaluating The Rumors
Commented Nov 24, 2009 at 17:36:35 in Business
“A MUST READ:
Powerful Indictment of Goldman by many sources!
Where is our Criminal justice System?
Tell me again why are they still in Business?
http://www.marketwatch.com/story/15-signs-wall-street-pathology-is-spreading-2009-11-24?”
Powerful Indictment of Goldman by many sources!
Where is our Criminal justice System?
Tell me again why are they still in Business?
http://www.marketwatch.com/story/15-signs-wall-street-pathology-is-spreading-2009-11-24?”
textynn replied on Nov 24, 2009 at 21:23:41
“Tonight on PBS at 9 pacific is a show entitled "Card Game" about credit cards. I got really interested because I recently learned that our government is outsourcing food stamp and welfare intake to India call centers. Which is beyond the pale, but the kicker is JP Morgan Chase owns these call centers. During a food stamp or welfare intake process applicants reveal every last detail about their financial situations and all sensitive info like 401ks, bank accounts, everything a person owns and everything anyone in the household owns or earns or has, car titles, you name it. etc. Then I hear this guy in the show talking about how the poorest people who have credit card debt is where the big money in the credit card business is. They simply get them on the hook for more and more through late fees and higher interest rates and penalties etc, then sue them. Seeing how this is all working hand in hand is starting to actually freak me out. I feel that something bigger and more oppressive is coming. Im really flabbergasted by this whole arrangement. Then this story pops up. What do you think it means.
http://consumerist.com/2009/04/were-outsourcing-food-stamp-jobs-to-india.html
http://www.pbs.org/wgbh/pages/frontline/creditcards/”
http://consumerist.com/2009/04/were-outsourcing-food-stamp-jobs-to-india.html
http://www.pbs.org/wgbh/pages/frontline/creditcards/”
In Crazy New Landscape For Banks, Taxpayers Are The Big Losers
Commented Nov 24, 2009 at 17:35:34 in Business
“A MUST READ:
Powerful Indictment of Goldman by many sources!
Where is our Criminal justice System?
Tell me again why are they still in Business?
http://www.marketwatch.com/story/15-signs-wall-street-pathology-is-spreading-2009-11-24?”
Powerful Indictment of Goldman by many sources!
Where is our Criminal justice System?
Tell me again why are they still in Business?
http://www.marketwatch.com/story/15-signs-wall-street-pathology-is-spreading-2009-11-24?”
PhilipTaylor replied on Nov 24, 2009 at 17:43:31
“THE SIX THINGS STEALING OUR DEMOCRACY AND TRUE CAP1TALISM (VAMP1RE BANKSTERS)
1. Our Corrupting V0TE Selling Campaign Funding System
2. The BANKSTER OWNED FED Reserve System manipulated by Foreign and Wall Street Banksters
3. Distorted TAX system - Go Back to 50 year Tradition= TOP TAX Rate of 63% to 94% on incomes over $550,000! Apply to Hedge Fundsters = NO MORE Capital Gains TAX!
Graph = http://pol.moveon.org/budget10/chart/?id=15734-8599887-MahjTHx&t=1
4. This CROP of Wall Street CR00KS CAN NOT BE REHAB1L1TATED, FAR T00 C0RRUPTED BY THE EASY SCAM, and MUST GO! Same goes with Summers/Ge!thner!
5. Do away with any Product/Derivative/Swap that can NOT be put on an OPEN EXCHANGE because it is too complex. Do away with “TOO-COMPLEX-TO-EXIST”
6. Use the added Revenue from #3 to build a NEW Manufacturing Economy that creates EXPORT WEALTH and SOLVES our ENERGY IMPORTATION from Our Enemies.
Chine #1 Creditor Nation!
US #1 Debtor Nation!
Overcome these SIX Problems and A Functional Democracy by the People and for the People will blossom.”
1. Our Corrupting V0TE Selling Campaign Funding System
2. The BANKSTER OWNED FED Reserve System manipulated by Foreign and Wall Street Banksters
3. Distorted TAX system - Go Back to 50 year Tradition= TOP TAX Rate of 63% to 94% on incomes over $550,000! Apply to Hedge Fundsters = NO MORE Capital Gains TAX!
Graph = http://pol.moveon.org/budget10/chart/?id=15734-8599887-MahjTHx&t=1
4. This CROP of Wall Street CR00KS CAN NOT BE REHAB1L1TATED, FAR T00 C0RRUPTED BY THE EASY SCAM, and MUST GO! Same goes with Summers/Ge!thner!
5. Do away with any Product/Derivative/Swap that can NOT be put on an OPEN EXCHANGE because it is too complex. Do away with “TOO-COMPLEX-TO-EXIST”
6. Use the added Revenue from #3 to build a NEW Manufacturing Economy that creates EXPORT WEALTH and SOLVES our ENERGY IMPORTATION from Our Enemies.
Chine #1 Creditor Nation!
US #1 Debtor Nation!
Overcome these SIX Problems and A Functional Democracy by the People and for the People will blossom.”
In Crazy New Landscape For Banks, Taxpayers Are The Big Losers
Commented Nov 24, 2009 at 17:02:08 in Business
“Wall Street has Power-hungry need to control government using Trojan Horses!
Jamie Dimon = Trojan Horse for Wall Street = Last HOPE!”
Jamie Dimon = Trojan Horse for Wall Street = Last HOPE!”
dianhow replied on Nov 24, 2009 at 17:17:39
“Wall St was given unparelled power through Reagans 1981 toxic deregulation policy that legalized fraud and unethical practices ' Junk securities ' and labeled them as Triple A
sold all over the globe- to UN suspecting investors.
Prior to 1981 Reagan - we had safe guards in place to prevent these horrible abuses
of power Both Bush's- Greenspan & CO kept that policy going and them some -
W added trillions in fat cat tax cuts- 2 wars - Iraq based on lies- ALL OF IT FINANCED BY OUR CHINESE ATM . Clinton left a huge surplus- but W spent that in record time
Obama is the GOP 'S & Cheneys FALL GUY FOR THE GOP 's 30 yrs of FAILURES.
Wages flat or down the last decade.”
sold all over the globe- to UN suspecting investors.
Prior to 1981 Reagan - we had safe guards in place to prevent these horrible abuses
of power Both Bush's- Greenspan & CO kept that policy going and them some -
W added trillions in fat cat tax cuts- 2 wars - Iraq based on lies- ALL OF IT FINANCED BY OUR CHINESE ATM . Clinton left a huge surplus- but W spent that in record time
Obama is the GOP 'S & Cheneys FALL GUY FOR THE GOP 's 30 yrs of FAILURES.
Wages flat or down the last decade.”
gmailliw replied on Nov 24, 2009 at 17:03:22
“Jamie Dimon = Arugula”
Jamie Dimon, Treasury Secretary? Evaluating The Rumors
Commented Nov 24, 2009 at 16:34:02 in Business
“Mississippi, Chicago, and 5 other municipal bond issuers have filed two class action suits in federal court against:
1. BofA, JPM, and 35 other banks, brokers, insurance companies, and investment advisory firms
2. Charges that issuers hurt by widespread price fixing and bid-rigging in multimillion-dollar municipal derivatives industry since 1992.
3. Charge firms conspired to fix the muni derivatives market in violation of federal antitrust laws
4. One of longest-running, most economically pervasive antitrust conspiracies is US History
5. Govs. were deprived of extra money from municipal bond investments for public works projects; roads, buildings, and mass transit.
6. Suits come as Justice Department, SEC, and IRS are conducting criminal and civil investigations
7. Charges also include antitrust and anticompetitive practices in the municipal market
http://www.bondbuyer.com/issues/117_50/-285448-1.html
[Thanks CarolAB]”
1. BofA, JPM, and 35 other banks, brokers, insurance companies, and investment advisory firms
2. Charges that issuers hurt by widespread price fixing and bid-rigging in multimillion-dollar municipal derivatives industry since 1992.
3. Charge firms conspired to fix the muni derivatives market in violation of federal antitrust laws
4. One of longest-running, most economically pervasive antitrust conspiracies is US History
5. Govs. were deprived of extra money from municipal bond investments for public works projects; roads, buildings, and mass transit.
6. Suits come as Justice Department, SEC, and IRS are conducting criminal and civil investigations
7. Charges also include antitrust and anticompetitive practices in the municipal market
http://www.bondbuyer.com/issues/117_50/-285448-1.html
[Thanks CarolAB]”
Jamie Dimon, Treasury Secretary? Evaluating The Rumors
Commented Nov 24, 2009 at 16:25:57 in Business
“
Laws on books - LACKING IS AN HONEST ADMINISTRATION TO PROSECUTE!
“Misrepresentation” during SALE is contract law concept, meaning false statement of fact made by one party to another party, which has effect of inducing that party into a contract. For example, false statements/promises made by seller of goods regarding the quality/nature of the product that the seller has may constitute misrepresentation.
“Insider Trading” is trading securities by individuals with access to non-public information about product/company. Taking advantage of non-public information by an insider during performance of insider's duties, or in breach of fiduciary duty/relationship of trust/confidence.
“PREMED1TATED MANUFACTURED 1NSIDER TRAD1NG”
a. Make SureFailMo rtgageProd ucts knowing they will fail
b. Buy Massive A1G CreditDefaultSwaps Betting “SURE FAIL Products” will FAIL!
Make it to fail&bet it will fail: "Manufactured-Insider-Trading" 100% Sure BETS!”
Laws on books - LACKING IS AN HONEST ADMINISTRATION TO PROSECUTE!
“Misrepresentation” during SALE is contract law concept, meaning false statement of fact made by one party to another party, which has effect of inducing that party into a contract. For example, false statements/promises made by seller of goods regarding the quality/nature of the product that the seller has may constitute misrepresentation.
“Insider Trading” is trading securities by individuals with access to non-public information about product/company. Taking advantage of non-public information by an insider during performance of insider's duties, or in breach of fiduciary duty/relationship of trust/confidence.
“PREMED1TATED MANUFACTURED 1NSIDER TRAD1NG”
a. Make SureFailMo rtgageProd ucts knowing they will fail
b. Buy Massive A1G CreditDefaultSwaps Betting “SURE FAIL Products” will FAIL!
Make it to fail&bet it will fail: "Manufactured-Insider-Trading" 100% Sure BETS!”
Jamie Dimon, Treasury Secretary? Evaluating The Rumors
Commented Nov 24, 2009 at 16:25:47 in Business
“HOW HIDDEN FEES IN DERIVATIVES SCAMS WERE USED TO STEAL THE FUTURE - Following what FBI investigation of JPM found!
Having worked with CPA's and Managers Building Complex Math Models all my life I have some insight into what Bankers and their PhDs did in creating LUCRATIVE DERIVATIVES! Retired now!
Question Bankers had was how to increase Salaries/Bonuses to $Tens/Hundreds of Millions using Derivatives.
Buying&Rep ackaging&S elling mortgages could not provide enough PROFIT MARGIN for MASSIVE INCOMES!
Bankers decided to "STEAL the FUTURE" using statistica l+mathema t ical Projections of Housing Hyper-Inflation (2003-06 PEAK)!
__________ __________ _____
HOW Banksters stole OUR FUTURE!
Look under the HOOD of a Derivative= a bunch of mortgages sliced and packaged together+HIDDEN FEES
1. Used Math Models to Project Housing Hyper-Inflation 2003-2006 forward TEN+Years.
2. Add Projected Growth in Fees to Cost of Derivative s-Capturin g FUTURE GAINS.
3. SKIM off FEES into Executive/Employee Incomes!
4. Sell FEE Laden High Risk Derivatives as Fake Rated "AAA" Low Risk paper.
Derivative begin life at say 50% of FACE VALUE (projected hyper-inflated future value)
Reason Derivatives are worth Near ZERO after housing dropped less than 50%.
Derivatives should be worth 50% but NO! NEAR ZERO!
Simple Models to STEAL AMERICA'S FUTURE resulted in Hidden “Off-Balance-Sheet” Toxic Derivatives”
Having worked with CPA's and Managers Building Complex Math Models all my life I have some insight into what Bankers and their PhDs did in creating LUCRATIVE DERIVATIVES! Retired now!
Question Bankers had was how to increase Salaries/Bonuses to $Tens/Hundreds of Millions using Derivatives.
Buying&Rep ackaging&S elling mortgages could not provide enough PROFIT MARGIN for MASSIVE INCOMES!
Bankers decided to "STEAL the FUTURE" using statistica l+mathema t ical Projections of Housing Hyper-Inflation (2003-06 PEAK)!
__________ __________ _____
HOW Banksters stole OUR FUTURE!
Look under the HOOD of a Derivative= a bunch of mortgages sliced and packaged together+HIDDEN FEES
1. Used Math Models to Project Housing Hyper-Inflation 2003-2006 forward TEN+Years.
2. Add Projected Growth in Fees to Cost of Derivative s-Capturin g FUTURE GAINS.
3. SKIM off FEES into Executive/Employee Incomes!
4. Sell FEE Laden High Risk Derivatives as Fake Rated "AAA" Low Risk paper.
Derivative begin life at say 50% of FACE VALUE (projected hyper-inflated future value)
Reason Derivatives are worth Near ZERO after housing dropped less than 50%.
Derivatives should be worth 50% but NO! NEAR ZERO!
Simple Models to STEAL AMERICA'S FUTURE resulted in Hidden “Off-Balance-Sheet” Toxic Derivatives”
Jamie Dimon, Treasury Secretary? Evaluating The Rumors
Commented Nov 24, 2009 at 16:24:51 in Business
“THIS GREAT RECESSION WAS CAUSED BY A CRISIS OF OVERCHARGING USING HIDDEN FEES!
JAMIE DIMON and JPM ALREADY HAVE FAILED:
JPM0RGAN $81TRILLION in Toxic Derivatives!
http://www.occ.gov/ftp/release/2009-72a.pdf
It is on page 23!
JPM+G0LDMAN routinely Hides fees for Derivative Contracts public records show.
__________ __________ ___
JPM CAUGHT RED-HANDED BY FBI FOR USING DERIVATIVE TO STEALING FROM SCHOOLS AND CITIES:
Link: http://www.bloomberg.com/apps/news?pid=20601014&sid=aIL9gsK5wG40
Example 1: JPM made more money than it paid out for Erie, Pennsylvania School District=
School Got = $755,000 and JPM collected $1.2 million in fees.
Example 2: JPM made over $4 Million on Philadelphia Intern Airport $6.5 Million Derivative
In SEC testimony “They're about getting fees and getting the most fees they can get.” that is 10 X Cost of a bond issue. JPM bankers then gave $280,000 to Airport Executive’s school district for signing Contract.
Five JPM derivative bankers are targets in investigation of banks conspiracy to overcharge local governments!
How Fees Are Hidden: JPM locked in FEES selling a Mirror-Image Swap Contract on open market for MUCH Higher Amount.
FEES are hidden in Derivatives and then skimmed into the pockets to maximize Employee incomes?
JPM made that a common practice (FBI Case) and we know G0LDMAN does it also!
JPM+G0LDMAN routinely Hides fees for Derivative Contracts public records show.””
JAMIE DIMON and JPM ALREADY HAVE FAILED:
JPM0RGAN $81TRILLION in Toxic Derivatives!
http://www.occ.gov/ftp/release/2009-72a.pdf
It is on page 23!
JPM+G0LDMAN routinely Hides fees for Derivative Contracts public records show.
__________ __________ ___
JPM CAUGHT RED-HANDED BY FBI FOR USING DERIVATIVE TO STEALING FROM SCHOOLS AND CITIES:
Link: http://www.bloomberg.com/apps/news?pid=20601014&sid=aIL9gsK5wG40
Example 1: JPM made more money than it paid out for Erie, Pennsylvania School District=
School Got = $755,000 and JPM collected $1.2 million in fees.
Example 2: JPM made over $4 Million on Philadelphia Intern Airport $6.5 Million Derivative
In SEC testimony “They're about getting fees and getting the most fees they can get.” that is 10 X Cost of a bond issue. JPM bankers then gave $280,000 to Airport Executive’s school district for signing Contract.
Five JPM derivative bankers are targets in investigation of banks conspiracy to overcharge local governments!
How Fees Are Hidden: JPM locked in FEES selling a Mirror-Image Swap Contract on open market for MUCH Higher Amount.
FEES are hidden in Derivatives and then skimmed into the pockets to maximize Employee incomes?
JPM made that a common practice (FBI Case) and we know G0LDMAN does it also!
JPM+G0LDMAN routinely Hides fees for Derivative Contracts public records show.””
PhilipTaylor replied on Nov 24, 2009 at 16:34:02
“Mississippi, Chicago, and 5 other municipal bond issuers have filed two class action suits in federal court against:
1. BofA, JPM, and 35 other banks, brokers, insurance companies, and investment advisory firms
2. Charges that issuers hurt by widespread price fixing and bid-rigging in multimillion-dollar municipal derivatives industry since 1992.
3. Charge firms conspired to fix the muni derivatives market in violation of federal antitrust laws
4. One of longest-running, most economically pervasive antitrust conspiracies is US History
5. Govs. were deprived of extra money from municipal bond investments for public works projects; roads, buildings, and mass transit.
6. Suits come as Justice Department, SEC, and IRS are conducting criminal and civil investigations
7. Charges also include antitrust and anticompetitive practices in the municipal market
http://www.bondbuyer.com/issues/117_50/-285448-1.html
[Thanks CarolAB]”
1. BofA, JPM, and 35 other banks, brokers, insurance companies, and investment advisory firms
2. Charges that issuers hurt by widespread price fixing and bid-rigging in multimillion-dollar municipal derivatives industry since 1992.
3. Charge firms conspired to fix the muni derivatives market in violation of federal antitrust laws
4. One of longest-running, most economically pervasive antitrust conspiracies is US History
5. Govs. were deprived of extra money from municipal bond investments for public works projects; roads, buildings, and mass transit.
6. Suits come as Justice Department, SEC, and IRS are conducting criminal and civil investigations
7. Charges also include antitrust and anticompetitive practices in the municipal market
http://www.bondbuyer.com/issues/117_50/-285448-1.html
[Thanks CarolAB]”
PhilipTaylor replied on Nov 24, 2009 at 16:25:57
“
Laws on books - LACKING IS AN HONEST ADMINISTRATION TO PROSECUTE!
“Misrepresentation” during SALE is contract law concept, meaning false statement of fact made by one party to another party, which has effect of inducing that party into a contract. For example, false statements/promises made by seller of goods regarding the quality/nature of the product that the seller has may constitute misrepresentation.
“Insider Trading” is trading securities by individuals with access to non-public information about product/company. Taking advantage of non-public information by an insider during performance of insider's duties, or in breach of fiduciary duty/relationship of trust/confidence.
“PREMED1TATED MANUFACTURED 1NSIDER TRAD1NG”
a. Make SureFailMo rtgageProd ucts knowing they will fail
b. Buy Massive A1G CreditDefaultSwaps Betting “SURE FAIL Products” will FAIL!
Make it to fail&bet it will fail: "Manufactured-Insider-Trading" 100% Sure BETS!”
Laws on books - LACKING IS AN HONEST ADMINISTRATION TO PROSECUTE!
“Misrepresentation” during SALE is contract law concept, meaning false statement of fact made by one party to another party, which has effect of inducing that party into a contract. For example, false statements/promises made by seller of goods regarding the quality/nature of the product that the seller has may constitute misrepresentation.
“Insider Trading” is trading securities by individuals with access to non-public information about product/company. Taking advantage of non-public information by an insider during performance of insider's duties, or in breach of fiduciary duty/relationship of trust/confidence.
“PREMED1TATED MANUFACTURED 1NSIDER TRAD1NG”
a. Make SureFailMo rtgageProd ucts knowing they will fail
b. Buy Massive A1G CreditDefaultSwaps Betting “SURE FAIL Products” will FAIL!
Make it to fail&bet it will fail: "Manufactured-Insider-Trading" 100% Sure BETS!”
PhilipTaylor replied on Nov 24, 2009 at 16:25:47
“HOW HIDDEN FEES IN DERIVATIVES SCAMS WERE USED TO STEAL THE FUTURE - Following what FBI investigation of JPM found!
Having worked with CPA's and Managers Building Complex Math Models all my life I have some insight into what Bankers and their PhDs did in creating LUCRATIVE DERIVATIVES! Retired now!
Question Bankers had was how to increase Salaries/Bonuses to $Tens/Hundreds of Millions using Derivatives.
Buying&Rep ackaging&S elling mortgages could not provide enough PROFIT MARGIN for MASSIVE INCOMES!
Bankers decided to "STEAL the FUTURE" using statistica l+mathema t ical Projections of Housing Hyper-Inflation (2003-06 PEAK)!
__________ __________ _____
HOW Banksters stole OUR FUTURE!
Look under the HOOD of a Derivative= a bunch of mortgages sliced and packaged together+HIDDEN FEES
1. Used Math Models to Project Housing Hyper-Inflation 2003-2006 forward TEN+Years.
2. Add Projected Growth in Fees to Cost of Derivative s-Capturin g FUTURE GAINS.
3. SKIM off FEES into Executive/Employee Incomes!
4. Sell FEE Laden High Risk Derivatives as Fake Rated "AAA" Low Risk paper.
Derivative begin life at say 50% of FACE VALUE (projected hyper-inflated future value)
Reason Derivatives are worth Near ZERO after housing dropped less than 50%.
Derivatives should be worth 50% but NO! NEAR ZERO!
Simple Models to STEAL AMERICA'S FUTURE resulted in Hidden “Off-Balance-Sheet” Toxic Derivatives”
Having worked with CPA's and Managers Building Complex Math Models all my life I have some insight into what Bankers and their PhDs did in creating LUCRATIVE DERIVATIVES! Retired now!
Question Bankers had was how to increase Salaries/Bonuses to $Tens/Hundreds of Millions using Derivatives.
Buying&Rep ackaging&S elling mortgages could not provide enough PROFIT MARGIN for MASSIVE INCOMES!
Bankers decided to "STEAL the FUTURE" using statistica l+mathema t ical Projections of Housing Hyper-Inflation (2003-06 PEAK)!
__________ __________ _____
HOW Banksters stole OUR FUTURE!
Look under the HOOD of a Derivative= a bunch of mortgages sliced and packaged together+HIDDEN FEES
1. Used Math Models to Project Housing Hyper-Inflation 2003-2006 forward TEN+Years.
2. Add Projected Growth in Fees to Cost of Derivative s-Capturin g FUTURE GAINS.
3. SKIM off FEES into Executive/Employee Incomes!
4. Sell FEE Laden High Risk Derivatives as Fake Rated "AAA" Low Risk paper.
Derivative begin life at say 50% of FACE VALUE (projected hyper-inflated future value)
Reason Derivatives are worth Near ZERO after housing dropped less than 50%.
Derivatives should be worth 50% but NO! NEAR ZERO!
Simple Models to STEAL AMERICA'S FUTURE resulted in Hidden “Off-Balance-Sheet” Toxic Derivatives”
Spitzer: "Geithner's Disgrace"
Commented Nov 24, 2009 at 16:19:26 in Business
“I said frequently since July and I will say it again:
The transfer of Wall Street debt to the Future Debt of the Average American Family will reach between
$6,000,000 and $7,000,000
Unless they force the five largest Wall Street Banks into a CONTROLLED BANKRUPTCY where they are split up and the stakeholders take the HIT using Glass-Steagall style RULES!
__________ __________ ____
SOURCE: Wilbur Ross Wall Street Billionaire Trader said:
"We are in the Midst of what will turn out to be by future economic historians to have been an epic moment, namely the most MASSIVE transfer of liabilities (DEBTS) from the private sector (Banking and Corporations) to the public sector (Government and the People) that the world has ever seen. And I think that is going to be a painful and relatively slow process..(taking many years)."
Debt from WS Banks to Government = Wealth from Government to WS Banks!
$600 Trillion / 100 Million Families = $6,000,000/Family or
$700 Trillion Toxic Derivatives “OFF-BALAN CE-SHEET”/ 100 Million Families=$7 Million/Family
http://www.cnbc.com/id/15840232?video=1174574949&play=1
Skip 2/3rds of way to 7:58 mark!
Almost $700 Trillion in TOXIC Derivatives hidden "Off-Balance-Sheet" by Wall Street and Related Institutions!
Wall Street wants to DUMP $7 Million per Families FUTURE onto Americans to COVER THEIR SCAM and refill the CASH Registers they drained into their GREEDY POCKETS!”
The transfer of Wall Street debt to the Future Debt of the Average American Family will reach between
$6,000,000 and $7,000,000
Unless they force the five largest Wall Street Banks into a CONTROLLED BANKRUPTCY where they are split up and the stakeholders take the HIT using Glass-Steagall style RULES!
__________ __________ ____
SOURCE: Wilbur Ross Wall Street Billionaire Trader said:
"We are in the Midst of what will turn out to be by future economic historians to have been an epic moment, namely the most MASSIVE transfer of liabilities (DEBTS) from the private sector (Banking and Corporations) to the public sector (Government and the People) that the world has ever seen. And I think that is going to be a painful and relatively slow process..(taking many years)."
Debt from WS Banks to Government = Wealth from Government to WS Banks!
$600 Trillion / 100 Million Families = $6,000,000/Family or
$700 Trillion Toxic Derivatives “OFF-BALAN CE-SHEET”/ 100 Million Families=$7 Million/Family
http://www.cnbc.com/id/15840232?video=1174574949&play=1
Skip 2/3rds of way to 7:58 mark!
Almost $700 Trillion in TOXIC Derivatives hidden "Off-Balance-Sheet" by Wall Street and Related Institutions!
Wall Street wants to DUMP $7 Million per Families FUTURE onto Americans to COVER THEIR SCAM and refill the CASH Registers they drained into their GREEDY POCKETS!”
In Crazy New Landscape For Banks, Taxpayers Are The Big Losers
Commented Nov 24, 2009 at 16:16:36 in Business
“I said frequently since July and I will say it again:
The transfer of Wall Street debt to the Future Debt of the Average American Family will reach between
$6,000,000 and $7,000,000
Unless they force the five largest Wall Street Banks into a CONTROLLED BANKRUPTCY where they are split up and the stakeholders take the HIT using Glass-Steagall style RULES!
________________________
SOURCE: Wilbur Ross Wall Street Billionaire Trader said:
"We are in the Midst of what will turn out to be by future economic historians to have been an epic moment, namely the most MASSIVE transfer of liabilities (DEBTS) from the private sector (Banking and Corporations) to the public sector (Government and the People) that the world has ever seen. And I think that is going to be a painful and relatively slow process..(taking many years)."
Debt from WS Banks to Government = Wealth from Government to WS Banks!
$600 Trillion / 100 Million Families = $6,000,000/Family or
$700 Trillion Toxic Derivatives “OFF-BALANCE-SHEET”/ 100 Million Families=$7 Million/Family
http://www.cnbc.com/id/15840232?video=1174574949&play=1
Skip 2/3rds of way to 7:58 mark!
Almost $700 Trillion in TOXIC Derivatives hidden "Off-Balance-Sheet" by Wall Street and Related Institutions!
Wall Street wants to DUMP $7 Million per Families FUTURE onto Americans to COVER THEIR SCAM and refill the CASH Registers they drained into their GREEDY POCKETS!”
The transfer of Wall Street debt to the Future Debt of the Average American Family will reach between
$6,000,000 and $7,000,000
Unless they force the five largest Wall Street Banks into a CONTROLLED BANKRUPTCY where they are split up and the stakeholders take the HIT using Glass-Steagall style RULES!
________________________
SOURCE: Wilbur Ross Wall Street Billionaire Trader said:
"We are in the Midst of what will turn out to be by future economic historians to have been an epic moment, namely the most MASSIVE transfer of liabilities (DEBTS) from the private sector (Banking and Corporations) to the public sector (Government and the People) that the world has ever seen. And I think that is going to be a painful and relatively slow process..(taking many years)."
Debt from WS Banks to Government = Wealth from Government to WS Banks!
$600 Trillion / 100 Million Families = $6,000,000/Family or
$700 Trillion Toxic Derivatives “OFF-BALANCE-SHEET”/ 100 Million Families=$7 Million/Family
http://www.cnbc.com/id/15840232?video=1174574949&play=1
Skip 2/3rds of way to 7:58 mark!
Almost $700 Trillion in TOXIC Derivatives hidden "Off-Balance-Sheet" by Wall Street and Related Institutions!
Wall Street wants to DUMP $7 Million per Families FUTURE onto Americans to COVER THEIR SCAM and refill the CASH Registers they drained into their GREEDY POCKETS!”
Lion24 replied on Nov 24, 2009 at 16:23:24
“Would you mind repeating that?
Never mind.
Philip Taylor for president!”
Never mind.
Philip Taylor for president!”
Nomoney replied on Nov 24, 2009 at 16:21:32
“Well then don't expect me to pay a dime. I am still in line for my Obama cash. Otherwise time for a revolt. I least help me block traffic to the court house. We all head down there at the same time on the same day. They still can't figure it out!!!!”
vonmises2012 replied on Nov 24, 2009 at 16:19:58
“Agreed but kind of long to the point.”
gmailliw replied on Nov 24, 2009 at 16:17:54
“And I'm sure you are going to say it again....and again....and again.....and again......”
Obama's Afghanistan Decision: 34,000 More Troops And An Exit Strategy, Reports Say
Commented Nov 24, 2009 at 14:06:29 in Politics
“REPAIR DISTORTED TAX SYSTEM AND USE RESULTING REVENUE TO PAY FOR WAR AND BUILD MANUFACTURING!
Distorted TAX system - Go Back to OUR 50 year Tradition
From 1932 to 1982 the TOP TAX Rate was 63% to 94% on incomes over $550,000 (adjusted for 2009)!
Note: 1981 Top Tax Rate was 70% on income over $212,000!
Apply to Rate to Hedge Fundsters' $Billion Incomes = NO MORE Capital Gains TAX!
Graph = http://pol.moveon.org/budget10/chart/?id=15734-8599887-MahjTHx&t=1
Use the added Revenue to build a NEW Manufacturing Economy that creates EXPORT WEALTH and SOLVES our ENERGY IMPORTATION from Our Enemies.
_____________________
Each Individuals Discretionary Income should be used as the BASE for FLAT Income Tax of 35% to 50% with ZERO deductions!
Tax all Income above basic Middle-Class Subsistence!
So a Family of 4 making $60,000 = $0 Discretionary Income!
A family of 4 with $12 Million = $11,940,000 in Discretionary Income!”
Distorted TAX system - Go Back to OUR 50 year Tradition
From 1932 to 1982 the TOP TAX Rate was 63% to 94% on incomes over $550,000 (adjusted for 2009)!
Note: 1981 Top Tax Rate was 70% on income over $212,000!
Apply to Rate to Hedge Fundsters' $Billion Incomes = NO MORE Capital Gains TAX!
Graph = http://pol.moveon.org/budget10/chart/?id=15734-8599887-MahjTHx&t=1
Use the added Revenue to build a NEW Manufacturing Economy that creates EXPORT WEALTH and SOLVES our ENERGY IMPORTATION from Our Enemies.
_____________________
Each Individuals Discretionary Income should be used as the BASE for FLAT Income Tax of 35% to 50% with ZERO deductions!
Tax all Income above basic Middle-Class Subsistence!
So a Family of 4 making $60,000 = $0 Discretionary Income!
A family of 4 with $12 Million = $11,940,000 in Discretionary Income!”
PaiaGirl replied on Nov 24, 2009 at 14:10:29
“Good idea.”
Obama's Afghanistan Decision: 34,000 More Troops And An Exit Strategy, Reports Say
Commented Nov 24, 2009 at 13:49:40 in Politics
“Let the WAR Profiteers pay for their VENTURES!
Payment for this = Same ones benefiting from the OPERATION
At $500 per gallon for gas
$100 for a bag of laundry
$40 for a Cafeteria Breakfast, lunch or dinner
$1,000,000 per troop
A $Million School will cost $100 Million and come out of Americans' Pockets
So let the Industrial and Infrastructure companies and the R1CH pay for this!”
Payment for this = Same ones benefiting from the OPERATION
At $500 per gallon for gas
$100 for a bag of laundry
$40 for a Cafeteria Breakfast, lunch or dinner
$1,000,000 per troop
A $Million School will cost $100 Million and come out of Americans' Pockets
So let the Industrial and Infrastructure companies and the R1CH pay for this!”
Garybot replied on Nov 24, 2009 at 13:58:55
“Phil - the Pr ez said everyone making $30,000 and up would be funding it in new taxes.”
Obama's Afghanistan Decision: 34,000 More Troops And An Exit Strategy, Reports Say
Commented Nov 24, 2009 at 13:39:07 in Politics
“Payment for this = Same ones benefiting from the OPERATION
At $500 per gallon for gas
$100 for a bag of laundry
$40 for a Cafeteria Breakfast, lunch or dinner
$1,000,000 per troop
A $Million School will cost $100 Million and come out of Americans' Pockets
So let the Industrial and Infrastructure companies and the R1CH pay for this!”
At $500 per gallon for gas
$100 for a bag of laundry
$40 for a Cafeteria Breakfast, lunch or dinner
$1,000,000 per troop
A $Million School will cost $100 Million and come out of Americans' Pockets
So let the Industrial and Infrastructure companies and the R1CH pay for this!”
dresdengirl replied on Nov 24, 2009 at 13:46:20
“And from what I heard the schools are empty. Taliban is preventing kids from attending.
All this wile American schools are crumbling.”
All this wile American schools are crumbling.”
Emerald1943 replied on Nov 24, 2009 at 13:41:13
“Absolutely! What ever happened to our laws against "war profiteering"???
Halliburton/KBR is happy today!”
Halliburton/KBR is happy today!”
Obama's Afghanistan Decision: 34,000 More Troops And An Exit Strategy, Reports Say
Commented Nov 24, 2009 at 04:14:04 in Politics
“TRAIN BABY TRAIN!
The arithmetic of W@R is wiping out America!
$1,000,000 per soldier per year!
$2,000 per Afghan Soldier per year and they want to stay there!
So 500 Afghan Troops = Cost of 1 US Troop
Only TRAINING and Advisor Forces in Afghanistan!
$40 cafeteria meals and $100 for a bag of laundry and $500 for a gallon of gas!
Get our GUYS off the edge of Battle!”
The arithmetic of W@R is wiping out America!
$1,000,000 per soldier per year!
$2,000 per Afghan Soldier per year and they want to stay there!
So 500 Afghan Troops = Cost of 1 US Troop
Only TRAINING and Advisor Forces in Afghanistan!
$40 cafeteria meals and $100 for a bag of laundry and $500 for a gallon of gas!
Get our GUYS off the edge of Battle!”
Obama's Afghanistan Decision: 34,000 More Troops And An Exit Strategy, Reports Say
Commented Nov 24, 2009 at 04:12:23 in Politics
“That is it BUCKLE UNDER Republicans' and Generals' pressures!”
PhilipTaylor replied on Nov 24, 2009 at 04:14:04
“TRAIN BABY TRAIN!
The arithmetic of W@R is wiping out America!
$1,000,000 per soldier per year!
$2,000 per Afghan Soldier per year and they want to stay there!
So 500 Afghan Troops = Cost of 1 US Troop
Only TRAINING and Advisor Forces in Afghanistan!
$40 cafeteria meals and $100 for a bag of laundry and $500 for a gallon of gas!
Get our GUYS off the edge of Battle!”
The arithmetic of W@R is wiping out America!
$1,000,000 per soldier per year!
$2,000 per Afghan Soldier per year and they want to stay there!
So 500 Afghan Troops = Cost of 1 US Troop
Only TRAINING and Advisor Forces in Afghanistan!
$40 cafeteria meals and $100 for a bag of laundry and $500 for a gallon of gas!
Get our GUYS off the edge of Battle!”
Obama's Afghanistan Decision: 34,000 More Troops And An Exit Strategy, Reports Say
Commented Nov 24, 2009 at 04:10:36 in Politics
“Jump Fer!”
Obama's Afghanistan Decision: 34,000 More Troops And An Exit Strategy, Reports Say
Commented Nov 24, 2009 at 04:09:35 in Politics
“You are getting close to what is called a Democracy!
Love it or leave it!”
Love it or leave it!”
patrickgarret replied on Nov 24, 2009 at 04:45:01
“Morons we're not a democracy, we're a Republic. I would NEVER want a true democracy in this country. Can you IMAGINE every thing being put to a popular vote? Oh heck no! Death camps, with the terrorists, etc. Can you imagine the general public with a 6th grade reading level voting on every measure. I love my REPUBLIC!”
Zaphod Beeblebrox replied on Nov 24, 2009 at 04:16:41
“Guess that answers my question about the potshots.”
onwardsandupwards replied on Nov 24, 2009 at 04:15:35
“The country might be approaching a democracy - if it wasn't for all those who wish to remain in the 18th century.”
Obama's Afghanistan Decision: 34,000 More Troops And An Exit Strategy, Reports Say
Commented Nov 24, 2009 at 04:07:17 in Politics
“The Afghan people, esp the WOMEN want us to leave NOW.
Google "RAWA and WAW" - both Afghan WOMEN's orgs.
We cannot afford to stay.
Karza! and his bro are both cor.rupt and unwanted.
Let Afghans clean up Afghan mess as they would rather do it themselves. We are in the WAY!”
Google "RAWA and WAW" - both Afghan WOMEN's orgs.
We cannot afford to stay.
Karza! and his bro are both cor.rupt and unwanted.
Let Afghans clean up Afghan mess as they would rather do it themselves. We are in the WAY!”
Obama's Afghanistan Decision: 34,000 More Troops And An Exit Strategy, Reports Say
Commented Nov 24, 2009 at 04:05:07 in Politics
“Republicans LOVE RUSH limbaugh and tom DELAY:
Why do Republicans want to RUSH any W@R DECISION?
Why do Republicans want to DELAY indefinitely anything for the American People?
Why do Republicans want to DELAY indefinitely any REGULATIONS of WALL STREET?”
Why do Republicans want to RUSH any W@R DECISION?
Why do Republicans want to DELAY indefinitely anything for the American People?
Why do Republicans want to DELAY indefinitely any REGULATIONS of WALL STREET?”
Obama's Afghanistan Decision: 34,000 More Troops And An Exit Strategy, Reports Say
Commented Nov 24, 2009 at 04:04:49 in Politics
“Republicans LOVE RUSH limbaugh and tom DELAY:
Why do Republicans want to RUSH any W@R DECISION?
Why do Republicans want to DELAY indefinitely anything for the American People?
Why do Republicans want to DELAY indefinitely any REGULATIONS of WALL STREET?”
Why do Republicans want to RUSH any W@R DECISION?
Why do Republicans want to DELAY indefinitely anything for the American People?
Why do Republicans want to DELAY indefinitely any REGULATIONS of WALL STREET?”
AliMB replied on Nov 24, 2009 at 04:16:59
“"Why do Republicans want to RUSH any W@R DECISION"
Three months is an 'extra-ordinary' deliberation... Two months were sufficient. Just my opinion.”
Three months is an 'extra-ordinary' deliberation... Two months were sufficient. Just my opinion.”
Obama's Afghanistan Decision: 34,000 More Troops And An Exit Strategy, Reports Say
Commented Nov 24, 2009 at 04:04:23 in Politics
“SIMPLE MINDED DECISION = ONE TERM PRESIDENT
A longer war than NAM and he is following the LBJ path to perfection!
JUST LIKE LBJ was a Coward and afraid to say NO to Republicans and Generals!”
A longer war than NAM and he is following the LBJ path to perfection!
JUST LIKE LBJ was a Coward and afraid to say NO to Republicans and Generals!”
Zaphod Beeblebrox replied on Nov 24, 2009 at 04:09:10
“You just posted that. I replied below.
How many times are you going to post that on the one page? It gets a bit silly.”
How many times are you going to post that on the one page? It gets a bit silly.”
1 - 25 of 26853
