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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.
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
"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."
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.
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.
I Highly Reccomend that EVERYONE should pull their card and Lets Internationally Call Them Out On This !
Bailed Out Banks Threaten Systemic Collapse If Fed Discloses Information