The Great Highway Robbery Continues

The Great Highway Robbery Continues

www.zerohedge.com[/ url]

It is not a secret to anyone who has been closely following the FDIC's quasi criminal bank takeover practices over the past year, that acquirors of failed banks end up receiving a massive and risk-free gift in the form of taxpayer benefits via the FDIC when it comes to funding losses on a given bank acquisition. Should there be a short sale resulting in a loss to the full principal (not the cost basis mind you)? Not to worry, Sheila Bair is there to hand out taxpayer money to the hedge funds/banks owning the newly transferred assets.

(visit the link for the full news article)


Related News Links:
[url=http://www.thinkbigworksmall.com/mypage/player/tbws/23088/1287086]www.thinkbigworksmall.com

[edit on 10-2-2010 by mnemeth1]

YOU MUST WATCH THE VIDEO AT THE END

The video is 5 minutes long and highlights how the looting goes down.

This is vitally important!

OneWest is outright looting you for hundreds of thousands on practically every short sale they make!

This is INSANE!

WATCH THE VIDEO!

In the example provided in the video, you'll see how OneWest, which is owned by Goldman Sachs CEO and George Soros, loots you for a half million in tax payer dollars on a short sale that they profited over 100,000 dollars on.


[edit on 10-2-2010 by mnemeth1]