What did I post yesterday?

Thread: Obama authorizes unemployment extension for 2012 - It's about time baby (Page 8)

Time for a real world lession in economics.

Unemployment extensions are a bank bailout. The unemployed will continue to make mortgage payments.

On the banks.
Most of the money "given" to the banks was a bridge loan. That money stayed at the fed. The real cost of bailing out the failed banks has fallen on the stockholders of the surviving banks. For example: Bank of America stock holders are paying off the liabilities of Country Wide Financial and Merrill out of stock holders equity.

It is fun and easy to point at BAC, JPM and WFC and claim that they are owned by the Rothschild’s and Rockefellers and that they are trying to conquer the world, but it is not true. BAC is owned (mostly) by middle class Americans. It was formed through the merger of all the best regional and super regional banks under the management team of Nations Bank of North Carolina. (I'll grant that Hugh McColl the CEO at the time was/is CFR)

The large Publicly traded domestic banks are vassals to the fed and treasury through regulation. And who owns the Fed (as in controls) -> probably the corp. of THE UNITED STATES OF AMERICA. (but even Ron Paul can't find out.) According to the original federal reserve act, the U.S. gov. had the right, at any time, to buy the fed for what would have been pennies on the dollar decades ago. Don't get suckered into raging at a false target. Pay attention to who placed that target in your path and find out who they work for.

Spelling and grammer checked for all those fans of E.B. White.