The story most don't know about the Wall Street Bailouts

A Credible source has told me the following:

"Hidden inside the AIG Bailout funding package includes a totally corrupt clause permitting the conglomerate financial firms to raid private individual brokerage account funds to relieve their own liquidity pressures. This represents unauthorized loans of your stock account assets. So next, if the conglomerate fails, your stock account is part of the bankruptcy process. In other words this authorizes the raid of your money."

"The runs on US Banks are in progress. Washington Mutual alone could deplete the entire Federal Deposit Insurance Corp fund for bank deposit coverage. Eventually the FDIC will compete for USGovt federal money for bailouts and nationalizations. Eventually, bank deposits will not receive 100 cents per dollar, in a compromise. Next the bank runs will push banks into failure, at a time when bank accounts are under raids, without broad public knowledge."

And my own input on the Paulson Bernanke Bailout Plan is this. It's just another fear tactic of this current administration. Don't buy into it. If the system collapses over top Wall Street fraudsters not getting their way to stick it on the U.S. taxpayers, so be it.

I don't want to have to pay for the government's stupidity of allowing lax lending laws and wall street overleverage of 30 to 1 in all sorts of toxic securities that no one can figure out a price for. This has happened before in U.S. History and we worked through the problem. It may have not put the problem to a complete rest but one thing is for sure. This country has had over 2100%+ of inflation since the Federal Reserve was created in 1913 and national wages have not risen substantially with that. So virtually the middle class has been getting poorer.

From 1700 to 1900 when currencies were backed by gold in the world there was virtually no inflation at all. I would prefer we go back to a currency being backed by gold because then we have more liberty and more independence to fulfill our dreams. Credit is contracting via the standard bank control systems we have in place and as you've read above there is a "run on the banks". And to top it all off... Freddie, Fannie , and AIG are all "nationalized" by the Federal Reserve. Nationalized meaning one of three things in my mind " socialist (if you want to be cute about it), communist (if you want to be dark about it), or fascist (need I say more)."

Merrill Lynch runs for the hills as it gets picked up by Bank of America while earlier this year Bear Stearns disappears into JP Morgan Chase. And next up, Goldman Sachs and Morgan Stanley change from Investment Banks to become Bank Holding Companies. So now they'll have access to the discount window from the Federal Reserve. Is anybody watching this unfold? Wall Street is scared and running from a financial meltdown about to take place here in the United States and they are the fraudsters that brought it upon us all. It's another white collar crime on Wall Street and somebody needs to go to jail for this. The latest I heard is the FBI is going after Wall Street Firms. For all I know they could be in on this too acting like they are going to do justice, meanwhile they are probably going to get paid to take somebody other than the main culprit to jail like they normally do.

The U.S. Treasury's Balance Sheet has just added a hell of a lot more debt due to fear tactics if nothing was done otherwise. So instead of witnessing the destruction of the United States Economy by a Paulson Bernanke Bailout Plan that may makes things better in the short term (Like another band-aid of bailouts) will only make things worse in the long run for the U.S taxpayer. And forget presidential candidate politics for now because both candidates don't know a thing about the markets and they are going to inherit problems in 2009 that no president can handle. A "Classical Distressed Economy".

You think this year was bad, you haven't seen anything yet. Write to your State Senator or Congressman and ask him/her to protect you the taxpayer at all costs and let others know. This is serious business. Take charge.