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Predatory Lenders' Partner in Crime

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Predatory Lenders' Partner in Crime

Post by sbraney on Sat Aug 20, 2011 8:10 pm

This video was originally posted in March of 2008 BEFORE Crash #1 - you'll see the relevance, but with all the evidence in our face why aren't any of the big players in prison?

Well, the horse is out of the barn on this one, but Brasscheck TV was the ONLY news outlet to point out that in spite of being a horse's ass, Elliott Spitzer was doing the right thing on predatory lending and that's why he was politically assassinated with the help of the FBI. Here is a link to the actual piece that was published in the Post. It's extraordinary.

It's one of the most amazing displays of journalistic incompetence and malpractice in recent memory. The US news media failed to draw the obvious connection between the bizarre federal law enforcement investigation and leak campaign about the private life of New York Governor Spitzer and Spitzer's all out attack on the Bush administration for its collusion with predatory lenders. (Frankly, I always thought and especially after reports of what was done to anybody else that didn't share their view, Spitzer should have expected them to be sending spooks around! Dumb ass like Clinton and they were just waiting for the day to discredit Weiner after he called them hypocrits on the House floor:

While the international credit system has ground to a halt because of a superabundance of bad mortgage loans made in the US, the news media failed to cover the details of Spitzer's public charges against the White House.
Yet when salacious details were leaked about alleged details of Spitzer's private life, they took that information and made it the front page news for days. From the 9/11 fiasco, the Iraq War, the travesty of the federal response to Hurricane Katrina, and the shredding of the US Constitution, we can now add a deliberate and reckless undermining of the credit and banking system of the US to the list of Bush administration "accomplishments."

No external enemy, or group of external enemies, could have done as much harm to the nation as this group has in less than eight years.

Hey, do you think it's a coincidence that a Bush was involved the last time the US banking industry fell into a black whole because of White House-facilitated fraud?

There's actually a lot of money to be made blowing up banks. Here's how Bush Sr. and his friends in the Mafia and CIA profited from it the last time:

Banking - Bush style

Regular Brasscheck TV viewers know that throughout its second term, the Bush administration actively interfered with states that attempted to enforce their own state lending laws.

Bush & Co. used the Office of the Controller of the Currency to sue states like New York to stop them from going after predatory lenders.

Bush Jr. is not the first Bush to get "hands on" involved in shaping the lending industry to his will.

Many know that one of this brothers, Neil, was part of a spectacular Savings & Loan failure in the 1980s.

What far fewer people are aware of is how deeply the CIA, organized crime and, George Bush Sr. were involved in the Savings & Loan disaster which caused US taxpayers an estimated trillion dollars plus. (Some even suggest that Sr. shifted attention to Operation Desert Storm in order to distract the public, just as Jr. did when he and Cheney were both under investigation for alleged insider trading.)

Regardless, the term of art for these kinds of operations is a "bust out" and the scam works as follows: an organized crime group takes over a business, borrows as much as it can in the business' name, fails to pay vendors and then disappears with all the cash.

The Bush family and its associates in organized crime and the CIA have figured out how to run this scam on a multi-hundred billion dollar level using the entire US banking system as its playground. Junior took it global.

When you consider that Reagan was probably out of it from Day One of his term and that Bill Clinton is a close associate of George Bush Sr., the Bush crime syndicate has been influencing when not outright running the executive branch continuously since 1980, which, perhaps not so coincidentally, marks the earliest days of the credit bubble the economy is now having serious trouble digesting.


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