Racketeering 101: Bailed Out Banks Threaten Systemic Collapse If Fed Discloses Information

Once again we get more and better information from (in this case) an anonymous consortium of bloggers than we do from financial MSM even though a financial MSM outlet is the source of the lawsuit.

Ever heard of "The Clearing House"? Neither have I until this filing in regards to the Bloomberg FOIA case.

From Zero Hedge

And so the guns come out blazing. The Clearing House Association, another name for all the banks that were bailed out over the past year with the generous contributions from all of you, dear taxpayers, are now threatening with another instance of complete systemic collapse if Bloomberg's lawsuit is allowed to proceed unchallenged, let alone if any of the "Audit The Fed" measures are actually implemented.

In a nutshell - the banks want their complete opacity cake and eat it too, or else, the racket goes, the transparency that will somehow promote massive rumor mongering will again destroy capitalism. In the meantime, the Ken Lewises of the world can continue touting how stable their businesses are based on optimistic future projections, while implicitly, they continue to survive merely thanks to the cash granted them by you, taxpayers.

The article at Zero Hedge mentions that ABN Amro, Bank Of America, The Bank Of New York, Deutsche Bank, HSBC, JP Morgan Chase, US Bank and Wells Fargo are the components of "The Clearing House". I believe that several more banks are a party to it as well, but I'm still researching that.

Once again the banksters are threatening "Systemic Collapse" if transparency is forced upon them. We know from TARP last year that our elected officials will bend us over and spread our cheeks for these guys. Do we truly have an independent judiciary? I think this case will give us an idea if the judiciary is as corrupted as the legislative branch, executive branch, and state-corp run media in regards to the high crimes and treason going on within the financial system.

Here's a list for ya...

Any names look familiar??? :shk:

The Biggest bunch of Crooks in the World...all sitting at the same table playing "Monopoly" with our Futures/Money...

TCH Board
www.theclearinghouse.org...

The Senior Executives of owner institutions serve on the TCH Board of Directors. The Board provides strategic direction and leadership.

James Dimon
(TCH Board Chairman)
Chairman & CEO
JPMorgan Chase

Kenneth D. Lewis
CEO and President
Bank of America

Kelly S. King
CEO
BB&T Corporation

Robert Kelly
CEO
The Bank of New York Mellon

Masaaki Tanaka
President & CEO
Union Bank of California, N.A.

Vikram Pandit
CEO
Citigroup

Ellen Alemany
Chief Executive Officer
RBS Americas & Citizens Financial Group

Ralph W. Babb Jr.
Chairman & CEO
Comerica Incorporated

Seth Waugh
CEO
Deutsche Bank Americas

Paul J. Lawrence
President & CEO
HSBC Bank USA

Henry L. Meyer III
Chairman, President & CEO
KeyCorp

James E. Rohr
Chairman & CEO
PNC Bank

Teresa M. Ressel
CEO, UBS Securities LLC
UBS Investment Bank

Richard K. Davis
President & CEO
U.S. Bancorp

John G. Stumpf
President & CEO
Wells Fargo Bank

Translation:

Please don't tell the tax payers that we're robbing them or we'll sink this ship and take the life boats.

What $^%&#$^*&$^*#%!!!

Okay I am really angry! Super Angry!

How DARE they say that! It's like saying, "Oh! You cant put water on this burning building Mr Fireman! If you do we will take the load bearing beams and hit them with sledge hammers!"

What $@^#%^%&^*&%*(!!!


I am fricking Angry!

Edit: Star and flag this now or I wont punch these tards in the face.

[edit on 8/28/2009 by Tentickles]

Criminals, the whole lot of them. They don't want us to look at their books so we can see the crimes they have committed so they threaten the country with economic collapse.

If they don't fit the description of domestic terrorist, then why are ex military, Ron Paul supporters, militia members etc considered domestic terrorists? Oh, right, they really didn't mean to say that, I forgot. They said it, they meant it and there is no way they can take it back.

We need to clear out the government that does whatever it can to help these banks(they are too big to fail, uh huh, sure) and put all the bankers on trial for criminal acts like trying to hijack this country with threats like this.

I tell ya, I just get sicker everyday with this crap. How the bankers and the Fed get away with this is insane.

"The laws of a country ought to be the standard of equity and calculated to impress on the minds of the people the moral as well as the legal obligations of political justice. But tender laws, of any kind, operate to destroy morality, and to dissolve by the pretense of law what ought to be the principle of law to support, reciprocal justice between man and man; and the punishment of a member who should move for such a law ought to be DEATH."

Great Article Written By Thomas Paine

This should be interesting considering that the votes on both H.R. 1207, and S. 604 are just around the corner I believe.
According to Senator Mike Crapo (R), Idaho -

"The Senate Banking Committee, on which I serve, is beginning the process of reviewing the Federal Reserve in the context of modernizing our financial regulatory structure. I intend to support and push for reforms that increase the transparency and Congressional oversight of the Federal Reserve"

He co-sponsored the legislation currently being debated along with Ron Paul, so maybe there are some conservative republicans coming on board all over. The fact that they are just now beginning the process (according to correspondance dated Aug. 24) really sort of makes you wonder what the hell these people do all day.
But I will believe it when I see it.

Originally posted by projectvxn
Translation:

Please don't tell the tax payers that we're robbing them or we'll sink this ship and take the life boats.

That pretty much sums it up that way for me also. They are afraid of being found out. Nothing makes someone more nervous than to have their name known to the lynch mobs. If I was these people there's no way in hell I'd want the taxpayers to know what I did with all that money.

"Corporations have been enthroned .... An era of corruption in high places will follow and the money power will endeavor to prolong its reign by working on the prejudices of the people... until wealth is aggregated in a few hands ... and the Republic is destroyed." Abraham Lincoln


"Let me issue and control a nation's money, and I care not who writes its laws" - Meyer Amchel Rothschild, the largest shareholder, initiator and owner of the Federal Reserve Bank.


"The money powers prey upon the nation in times of peace and conspire against it in times of adversity. The banking powers are more despotic than a monarchy, more insolent than autocracy, more selfish than bureaucracy. They denounce as public enemies all who question their methods or throw light upon their crimes. I have two great enemies, the Southern Army in front of me and the bankers in the rear. Of the two, the one at my rear is my greatest foe.” Abraham Lincoln

[edit on 28-8-2009 by JBA2848]

Its obvious for those with a brain...they have some naughty things to hide!!! othersie, why would they be afraid of thei transparancey exposure? Its jsut like an honest media station trying to put the cameras ona bunch of thugs and thieves IN action on prime time news!
They afraid, cause they know they will loose business..money, paper, afterall, will cause brother to kill brother, man to kill man, and to steel form his own kind. Thier basically admitting fraud, theft and laundering. It just hasnt gone to court yet or so much mainstream news. I hope the credit card companys fall down like dominos, if this starts.

Thier admiitng openly, basically, thier on BAD business, and business is nOT honest. Looks like the fed is in business up too thier scalp!

reply to post by JBA2848
Great Quotes!!!

Funny isn't it...how wise our Founding Fathers and real men of character were in days gone by...

Not so Funny is...how easy it was for the Banksters to take over with a few well placed *Panics* over their Fiat Currencies...I think Jesus had it right even back then...

Moneychangers Destroying America--And Christians Don't See It
www.chuckbaldwinlive.com...

"And the Jews' passover was at hand, and Jesus went up to Jerusalem, And found in the temple those that sold oxen and sheep and doves, and the changers of money sitting: And when he had made a scourge of small cords, he drove them all out of the temple, and the sheep, and the oxen; and poured out the changers' money, and overthrew the tables." John 2:13-15 (KJV)

The moneychangers of Jesus' day were the equivalent of the international bankers of our day. With the consent and approbation of the Jewish leaders, these bankers set up shop in the Temple. Their purpose was to exchange whatever currency the Jewish worshipper brought with him or her into Jewish currency, which would then be used to purchase whatever sacrifice the worshipper required. Of course, the exchange rates benefited only the bankers and Jewish leaders (and Caesar, who collected a tax on the exchange, of course). For everyone else, the system was nothing more than legalized extortion.

When Jesus saw what the bankers were doing, He was incensed. And throughout the Gospel narratives, this is the only occasion where Jesus is recorded as resorting to violence. He made a scourge (or whip) and drove the bankers out of the Temple by force and destroyed their tables, along with their records, receipts, etc.

#### 'em all, let them.

I'm sick and ####### tired of these puppeteers, their extortion, their blackmail, and their BS.

Sink the ship. I don't care. Let the country collapse - what the hell is there left to save?

I can't relay how much vile I have over this - these jerkoffs... they keep pushing, and pushing...

####### morons.

The world just isn't right.

A cleansing is needed in the same way you need to scrub fungus from shower crevices.

b

I can't relay how PO I am.

And those treasonous, traitorous jackals in washington have the nerve to call dissenters terrorists! What the hell do you call this?

Pure 100% terrorism, hyjacking the damn country for the world to see and dance in the daylight in front of us with our cash in their pockets - and we're supposed to watch, clap, and go on with our daily lives while the jokers on the hill pretend to contemplate on which way they'll choose.

What ever happened to NOT negotiating with terrorists?

Frigging cowards, the whole lot.

And I'd rather be a wolf in sheep's clothing than one of these gutless wonders strolling around with their junk tucked back between their legs.

And America will sit back and take it.

Why?

Because 50% don't understand it, 40% are in denial and 9% are directly profiteering from it.

The remaining 1% are here feeling sick about it but knowing they've already lost this fight because of the other 99% who couldn't give a crap or are in on the game.

...and the answer is,...let it burn !

There is a difference between political terrorist and financial terrorist:

A political terrorists acts because they are politically powerless in a system that they did not create. The political terrorist commits an act of terror as a final(especially if its a suicide) act of frustration against the structure of the sytem in which they are forced to exist

A financial terrorist acts because they are the creators of the system which empowers them. The financial terrorist needs the system to stay intact for it is the system from which they derive all of their power

When a financial terrorist threatens to blow up the system, it is similar to a hostage situation. They can threaten to shoot the hostages(economy), but ultimately the hostage economy is their power base

Yes, some will be hurt by any financial collapse, but none more than the power elite of the financial structure; wallstreet, banks,accounting firms

The other choice is to negotiate with the financial terrorist, which may save many from being hurt, but ultimately only empowers the financial terrorist.

A slow meltdown will allow regular folks to continue to play at the casino of life, where some win and some lose, but it is the house that makes all the rules and takes all the power.

There still remains a risk with either eventuality, meltdown or crash:

A poor working slave may end up a poor working slave in the new economic structure, that is the risk

but a poor working slave has much better odds at remaining a poor working slave in the current economic structure

It comes down to playing the trend(current economy) low risk & low return, or playing the odds(new post crash economy) high risk & high return

So, are you feeling lucky today ?

I wonder what our resident Liberals will say to this especially since Pelosi has been trying to stall the vote on HR1207. Hmmmm I wonder the majority of the Republicans have signed on but the majority of the Dems have not? I wonder which party is more corrupt and whom is really for the people. You have to realize bankers love debt and the Dems are doing a damn good job at building up debt right now. Hell I bet D. Rothschild is creaming in His pants over the possibility of government funded healthcare. I guess its all good especially when You don't have to pay for it right?

reply to post by orderedchaos


We are the terrorists

Would someone with the means please print up a bankster deck of playing cards

surely 52 names and faces could easily fill the deck

#####RETARDS
#####CRIMINALS

reply to post by jefwane


Now if people can get arrested for inciting a riot by using just words alone and no physical actions...........

How come these people aren't arrested for some type of treason, terrorism or some other means of imprisonment and treated like the aixs of evil? They should all be arrested and beaten severley to within an inch of their lives.

I Highly Reccomend that EVERYONE should pull their card and Lets Internationally Call Them Out On This !

I hope the banks actually do it and I guarantee they don't have the balls, because if they did... their cushy little existence as they know it would cease to exist.



[edit on 28/8/2009 by Revealation]

[edit on 28/8/2009 by Revealation]

Bailed Out Banks Threaten Systemic Collapse If Fed Discloses Information

OK. Um, is that suppose to be a threat? Do it already. Collapse.

The people of this country will survive with or without a bank to put their money in or to draw credit from. The banks will not. Sure, it'll put a dent in society and the way that live our daily lives, but are the elite so stupid that they think it'll cause harm?

What kind of threat is that?!

That's like me telling a police officer, "if you want to look through my home, I'm going to shoot myself in the head".

We lived without their credit system for 5,000+ years ... and we'll live without it long after they're gone.