Expose Transgressions and Set Boundaries on Stimulus Packages
Posted: March 17 2010
By:
Bob Chapman
AIG dragged onto the carpet for publishing falsified debt ratings, fines called for when fraud charges should be laid, white collar crime knows no end, books cooked, real estate downside points to deflationary depression, debt continues to grow, borrowing in the debt market again. stimulus packages knowing now boundaries.
The past week the Connecticut Attorney General Richard Blumenthal sued Moody’s Investors Services and Standard & Poor’s over falsified debt ratings. This suit is the first of its kind against rating agencies under the state’s unfair trade practices law. The AG is seeking penalties and fines that could reach into billions of dollars.
We in this publication have asked for three years why no civil or criminal charges were not brought against these raters, but also against the banks, brokerage firms and the Federal Reserve, which colluded with them in this scam that cost investors worldwide trillions of dollars? These bonds are the collateralized debt obligations, which the Fed purchased from financial institutions over the past year to the tune of $868 billion, which the American taxpayer will have to pay the losses on.
Continues: http://www.theinternationalforecaste...mulus_Packages
Freedomizer Radio Interview with Bob Chapman
March 16, 2010
VIDEO Part 1 of 7 (10:56): http://www.youtube.com/user/TheBobChapmanChannel#p/u/6/L0GqC5ktStk