Bob Chapman the Bankers made outsized profits via fraud

Bob Chapman on A Marines disquisition, 28 oct 2010

Bob Chapman wrote in the International Forecaster of the 27th Oct 2010 ...."...Bankers made outsized profits via fraud. The question now is, who is going to jail? Government will jail the little guys as always and the big fish will swim away. Let’s hope this time it is different.

Even the NY Fed wants to financially pursue Bank of America and Fannie Mae and Freddie Mac want to pursue Wells Fargo for burying them with toxic waste known as CDOs, ABS and MBS. If many mortgages are forced back to the creators, that will force the banks into insolvency or another public bailout, we will call TARP2. This kind of action will send the public into spasms and it could lead to major demonstrations. They are sick and tired of the financial world being bailed out and the public getting nothing. ...."

UFOs Going After Nukes?

The more than 120 retired military personnel warn of "ongoing and alarming intervention by unidentified aerial flying objects as Nuclear Weapons Sites. Former Air Force officers held a News Conference today in Washington DC. RT Correspondent Cedric Moon explains that these retired air force members are claiming aliens are watching us and they want the government to acknowledge this does exist but that it's nothing to be alarmed about, actually quite the opposite.

Fed Strategy The Wrong Way For Growth

An excerpt from Bob Chapman's weekly publication.
October 27 2010: Financial follies continue, more bank closures this year than last, pension liabilities exceed revenues, continued troubles in the economy, no real interventions in currency market, PIMCO predictions.

As the Friday Night Financial Follies continues regulators on Friday shut down two small banks in Florida and two in Georgia, lifting to 136 the number of U.S. banks that have fallen this year as soured loans have mounted and the economy has sputtered.

With 136 closures nationwide so far this year, the pace of bank failures exceeds that of 2009, which was already a brisk year for shutdowns with 140. By this time last year, regulators had closed 106 banks.
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