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Review of Politics, Economics, Constitution, Law and World Affairs by Attorney and Doctor Orly Taitz


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When the people fear their government, there is tyranny.
When the government fears the people, there is liberty.

-- Thomas Jefferson

During times of universal deceit, telling the truth
becomes a revolutionary act.
 -- George Orwell

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 -- Mahatma Gandhi


When millions of americans lost their life savings, a few banks and a few billionnairs made billions on foreclosures: making triple profits on mortgages, on selling promissory notes as derivatives and by getting tax payer dollars to supplement the money they supposedly lost in bad loans

Posted on | August 20, 2013 | 1 Comment

Buffett Scores Billions on Bank of America Investment

Warren Buffett has made a huge amount of money betting on banks in the wake of the financial crisis.

Comments

One Response to “When millions of americans lost their life savings, a few banks and a few billionnairs made billions on foreclosures: making triple profits on mortgages, on selling promissory notes as derivatives and by getting tax payer dollars to supplement the money they supposedly lost in bad loans”

  1. Rich
    August 20th, 2013 @ 9:38 am

    The banks were intimidated and threatened with law suits by democrats. Fannie Mae Freddie Mac was used by democrats to create the opportunity for the corruptions. The only time Republicans held the presidency and both houses, Dodd filibustered their attempts to fix it before it blew up in our faces. The democrats are the source and cause of derivative corruption. They made it possible and threatened banks to get involved or face law suits. Obama and others were given the power to issue banks money as well. Who do they blame? The Fed, the banks. Do any of the banks who refused to take part get credit? No, they find a way to bash them too.

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