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From an attorney . . .
New York state officials Thursday sued Bank of America and its former top executives alleging fraud and deception to obtain billions in taxpayer bailout funds to acquire brokerage Merrill Lynch.
Bank of America is expected to go into bankruptcy this year. The nation's 3rd largest bank has been earmarked as a storehouse for toxic waste to be flushed down the bankruptcy toilet.
"And I'm proud to be an American where at least I know I'm fleeced."
After all, "We make money the old fashioned way. We print it. Hand roll it into security bond instruments. Caringly rate it triple A, when it is triple B. Sell it into the open market. We then short it, betting against our own clients, that the bonds will fail. Next we use TARP money to buy up the failed institutions, pick and chose the good stuff from the muck. Then we pass the losses on to the tax-payer to be flushed down the bankruptcy toilet. Yes indeedy, with all such work, we earn every penny."
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
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