Showing posts with label banks fraud derivative finance imf. Show all posts
Showing posts with label banks fraud derivative finance imf. Show all posts

Friday, October 8, 2010

More Bailouts: It Will Never End

IMF Calls For A New Round Of Huge Bank Bailouts

Reports Business Insider.

The Banks were involved in a fraudulent derivatives market valued at $700 Trillion. To hide those losses they caused the crisis. The crisis is not a recession or part of a business cycle it is a systemic collapse caused by government policies. The IMF is simply a cover for the derivatives selling banks.

The $700 Trillion hole will never be filled - regardless of bailouts or quantative easing or austerity or any other mechanism that is used to transfer money from the people to finance.

The banks must be brought down as soon as possible before they bring us all down.