Apparently the Fed and the Treasury have their panties in a wad over the New York prosecutor exposing the British bank, Standard Chartered, for hiding transactions to Iran.
Whatever your position on Iran happens to be, you would likely want the issue with that country resolved without war. At least most of us would want that. I know President Obama wants that which makes me wonder if he even knew of this odious Standard Chartered behaviour
But whatever the case, the fact that the Fed and Treasury are upset with Benjamin Lawsky, an American hero who stood up to alleged predatory acts of the British bank without their approval, is disturbing. That, to me is simply traitorous. I have always believed that the Fed and the Treasury are working for the Square Mile. Their behaviour in this situation belies that fact.
The private Fed bank and the Treasury run by the private Fed bank mole, Tim Geithner are not working in the interest of the United States. The response of the Brits was to question who American think they are? The Brits clearly believe they rule the world and I view the Square Mile as being an enemy to all bank regulation, and therefore an enemy to MainStreet USA.
After the HSBC money laundering fiasco and the Barclay’s bank LIBOR fiasco haven’t Americans suffered enough at the hands of the British? If the Fed and Treasury are incapable of acting in the interest of our nation those people need to be tried for high treason. We have had enough!
Perhaps, as some have said, this is just a turf war. But I think that is being too generous. This is a war for patriotism and we aren’t seeing it from the Fed. Any agency, like the Fed, who turned a blind eye while toxic liar loans were imported from the UK cannot be trusted to be patriotic at all. Everything financial that is bad comes from the UK Square Mile, which doesn’t even answer to the parliament of the UK. Even citizens of the UK who want this monstrosity reined in have no voice.
Maybe a warship off the coast of Great Britain would give the US some dignity. Otherwise, we apparently are just a subservient lackey of the Square Mile, and that must stop. That has to change. We have the power to change it. Our leaders need to stand up to the financial system and regulate US bank behaviour in the Square Mile, something the antihero Jamie Dimon testified he doesn’t want.
I talked to a realtor the other day in Las Vegas and she said the British are buying up everything. We need to wake up. This shadow banking system wants to blow another housing bubble. The self certified loans that became popular in the UK turned into liar loans in the US housing bubble. A lot of people got hurt and wealth was transferred to those the Fed and Treasury were loyal to, and they were as much a part of the Crown (not the Queen) of England as they were Americans.
I guess that bailing out hedge funds in the Cayman Islands, a territory of the Crown is somehow patriotic when Bloomberg had to pry that information out of the hands of the Fed! It is time the Fed became honest with the American people, or the Fed needs to go away. With the complexity of business, I think a central bank is important, however, not if it is going to continually screw with Americans. We can nationalize the Fed and kick the bankers out.
There are a lot of angry people in the United States who believe we are being sold out by our central bank. It is time that this central bank provide proof that this is not the case. No more housing bubbles from the UK would be a great start in reassuring the American citizens.
Remember, to the banker at Standard Chartered Bank, we are just F**king Americans.
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