TV News LIES

Wednesday, Sep 28th

Last update05:20:13 AM GMT

You are here News Editorials The $200 billion bail-out for predator banks and Spitzer charges are intimately linked

The $200 billion bail-out for predator banks and Spitzer charges are intimately linked

E-mail Print PDF

Indeed, the feds actually filed a lawsuit to block Spitzer’s investigation of ugly racial mortgage steering. Bush’s banking buddies were especially steamed that Spitzer hammered bank practices across the nation using New York State laws.

Spitzer not only took on Countrywide, he took on their predatory enablers in the investment banking community. Behind Countrywide was the Mother Shark, its funder and now owner, Bank of America. Others joined the sharkfest: Goldman Sachs, Merrill Lynch and Citigroup’s Citibank made mortgage usury their major profit centers. They did this through a bit of financial legerdemain called “securitization.”

More... 


Most Recent Related Stories...


Alex Baer: The Excellence of Less

El-cap-oIt was a complete surprise when I got word from the Trump campaign that I had...

Alex Baer: Stay Calm, We Have a White Flag

droneAdd another quote, maybe, to the lexicon of our self-confusion:  "We have met the enemy, and...

Alex Baer: Let's Pretend Words Still Have Meaning

words have meaningWhen there are no major upheavals on the scene, and things are percolating along on a...

Alex Baer: Tales of the Orange Piñata

Trump as pinataAnother day, another passel of brain cells slaughtered by Reality.Take Trump, for example -- please.  And...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!