|
.
|
|
|
Dodd-Frank's Mass Murder Mandate Is Treason:
Crush It!
Kill Dodd-Frank Before It Literally Kills You! Reinstate Glass-Steagall; Pass H.R. 129 and S. 985!
May 26 (LPAC)Whether your Congressman and Senator know it or not, Wall Street and the City of London's too-big-to-fail banks have been given the keys to your savings account, and will steal every penny that you think you own, the minute they get into trouble and need another bailout. This is not some wild futuristic nightmare. This has been the reality ever since Congress passed the Dodd-Frank Act (The Wall Street Reform and Consumer Protection Act of 2010) and President Barack Obama signed it into law. This is pure treason! Under Title II of the Dodd-Frank Act, the leveraged gambling debts of the too-big-to-fail banks are put at the front of the bail-out line. Household and business depositors are defined as unsecured creditors, and will lose all but the FDIC-insured portion of their deposits. What this means is that the 'bail-in' program that looted depositors' funds in the two largest banks in Cyprus earlier this year has already been in place in the United States under Dodd-Frank. After the 2008 Wall Street fiasco, in which the toobigto-fail banks were given tens of trillions of dollars in taxpayers' funds in the biggest bailout in history, it was obvious that no more taxpayer bailouts were possible. Instead, the bankers and their Congressional allies opted for bail-in. If a too-big-to-fail bank gets into trouble, the FDIC steps in, in the form of an Orderly Liquidation Authority to oversee the restructuring. In the process, the bank is savedat the expense of the depositors... |
|
|
|
Glass-Steagall
Economics
Strategy
International
- Hopes for Syria Peace Hanging by a Thread
The U.S. and Russia, the key players in bringing about a peace agreement in Syria, face significant obstacles to the success of the scheduled June 10-11 Geneva II conference, aimed at reaching a diplomatic solution to the two-year conflict.
|
|
|
Subscribe to EIR Online
For all questions regarding your subscription to EIR Online, or questions or comments regarding the EIR Online website's contents or design, please contact eironline@larouchepub.com.
All rights reserved © 2013, EIRNS |
|
|