Felonius Funk Pops IN Unexpectedly

Sixteen Trillion.   The next time you have nothing better to do, go home, get on your computer, and Google "16 trillion".   A provision in the Dodd-Frank Financial Reform Bill called for a partial audit of the Federal Reserve (Ron Paul had been trying to get a full audit for the last thirty years) to determine who got what money during the 2008 derivatives driven banking meltdown.  The numbers are astounding.  They come to sixteen trillion dollars of your money and mine being given away to the global financial oligarchy (I don't know what else to call it that would be accurate).  The only person of interest listed on Google as having an opinion is Vermont Senator Bernie Sanders.  I quote Bob Dole from 1995, "Where's The Outrage?"  The GAO report is right there in plain sight, and if you scroll down to page 131, you see a list of the tyrants who garnered and probably squandered our money.  Where's the media?  Where's Congress?  What really happened to our sixteen trillion dollars?

Our current government has assured our European counterparts that we would be the "lender of last resort" if push came to shove over its own banking crisis.  Pardon me, but I didn't know we had those kinds of reserves on hand after 2008.   Derivatives play just as big a part in today's problems in Europe as they played in our own back yards in 2007 and current.    I will suggest to you that similar circumstances to what caused Orange County, California to declare bankruptcy in 1994 also caused Jefferson County (Birmingham), Alabama to declare bankruptcy in 2011.  Some things never change:  they just get bigger and more out of control.

Those poor people representing "Occupy 'this' or Occupy 'that'!   The vast majority of them have no idea what they really should be protesting.  The American public also remains affixed to that degree of cluelessness.

It's The Derivatives, Stupid! 

Posted via email from gary w oakes's posterous