Friday, April 23, 2010

Villagers allowed in the Treasury Room

In my opinion, as the story line of The Wall Street Fraud advances, Americans will know more about our financial structures then citizens of any other country in the world.

At this time, the fraud is boiling strong bubbles with deceit and intrigue as the main ingredient. There is nothing Americans enjoy more then talking -gossiping- about deceit and intrigue. This is what we were raised on; like Pablum.

This is perhaps the first time we Villagers will see the gates of our Treasury Room flung open wide for all to enter taking a look-see, including the seriously curious and just plain nosy. One could call it Christmas in April, courtesy of the Obama administration.

I note…..
A treasury is any place where the currency or items of high monetary value (rubies, diamonds, etc.) are kept. The term was first used in Classical times to describe the votive buildings erected to house gifts to the gods, such as the Siphnian Treasury in Delphi or many similar buildings erected in Olympia, Greece by competing city-states to impress others during the ancient Olympic Games.
Read more at:
http://en.wikipedia.org/wiki/Treasury

I reference this post….
A Glass Half-Full Won't Douse The Oligarchs' Raging Bonfires
by bobswern
Excerpt:
In the United States it will always be easy for regulators to look the other way, even when the ultimate consequences prove to be disastrous. By contrast, cracking down on politically connected banks is difficult for regulators. The banks' executives will call their friends in the administration and Congress to complain about the crazy regulator who is trying to keep them from running their business.
And, you can be sure that the banks will have a story. They pay smart people lots of money to develop those stories. The banks' mouthpieces will make a conscientious regulator look like a crazed vigilante who just doesn't understand modern finance. Just ask Brooksley Born, the head of the Commodities Futures Trading Commission who was stopped in her effort to regulate credit default swaps back in 1998.

And
"The Wall Street banks are the new American oligarchy- a group that gains political power because of its economic power, and then uses that political power for its own benefit……..”
Read more at:
http://www.dailykos.com/storyonly/2010/4/22/859611/-A-Glass-Half-Full-Wont-Douse-The-Oligarchs-Raging-Bonfires

As always,
BB

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