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	<title>Robert ManDrake.com &#187; Wachovia</title>
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		<title>Stealing from the American people</title>
		<link>http://robertmandrake.com/stealing-from-the-american-people/</link>
		<comments>http://robertmandrake.com/stealing-from-the-american-people/#comments</comments>
		<pubDate>Thu, 13 Aug 2009 06:37:53 +0000</pubDate>
		<dc:creator>Robert Mandrake</dc:creator>
				<category><![CDATA[Banking]]></category>
		<category><![CDATA[Investing]]></category>
		<category><![CDATA[Money]]></category>
		<category><![CDATA[8 Years]]></category>
		<category><![CDATA[Banking Institutions]]></category>
		<category><![CDATA[Billions Of Dollars]]></category>
		<category><![CDATA[Brink]]></category>
		<category><![CDATA[Degenerates]]></category>
		<category><![CDATA[Downsizing]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[Free Money]]></category>
		<category><![CDATA[Going Out Of Business]]></category>
		<category><![CDATA[Government Doesn]]></category>
		<category><![CDATA[Informative Article]]></category>
		<category><![CDATA[Interesting Things]]></category>
		<category><![CDATA[Lehman Brothers]]></category>
		<category><![CDATA[Money Troubles]]></category>
		<category><![CDATA[Silver Platter]]></category>
		<category><![CDATA[Tough Times]]></category>
		<category><![CDATA[Travel Retail]]></category>
		<category><![CDATA[Wachovia]]></category>
		<category><![CDATA[Wamu]]></category>
		<category><![CDATA[Wells Fargo]]></category>

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		<description><![CDATA[Are you or someone you know experiencing tough times? Money troubles&#8230; job losses, cutbacks, etc. ? Are you cutting back, cutting expenses, not eating out as much, downsizing, etc. to save money and tighten your belt to ride out the tough times, or do you know anyone who is in this situation? WHY? &#8211; Why [...]


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			<content:encoded><![CDATA[<p>Are you or someone you know experiencing tough times? Money troubles&#8230; job losses, cutbacks, etc. ? Are you cutting back, cutting expenses, not eating out as much, downsizing, etc. to save money and tighten your belt to ride out the tough times, or do you know anyone who is in this situation?</p>
<p>WHY? &#8211; Why not just STEAL THE MONEY FROM THE AMERICAN PEOPLE?<br />
Why not just get the government to steal the money from the American people and hand it to you on a silver platter like the banks just did?</p>
<p>Don&#8217;t understand what I am talking about? By all means, let me explain&#8230;</p>
<p>I was quite shocked to hear that the banks that were on the brink of bankruptcy just a few months ago, were suddenly making BILLIONS of dollars in profit&#8230; yes, the same banks like B of A, Wells Fargo, Goldman, etc. that were likely to go out of business like Lehman Brothers, Wachovia, WaMu, and the rest of the hundreds of banks that actually did go under or were bought by these new mega banking institutions&#8230; they are now making a PROFIT again&#8230; wow, that was FAST, real fast.<br />
Then, after reading a very informative article written by Ben Stein, I went out and did a little research, and I found some very interesting things about how these wonderful caring banks made all this money&#8230;</p>
<p>For starters, the government gave banks money&#8230; they were GIVEN &#8211; yes, GIVEN BILLIONS of dollars(your money that is, since the government doesn&#8217;t have any of its own money&#8230; ALL of the government&#8217;s money is the United States Taxpayers money&#8230; in other words, the governments money comes from you the taxpayer)  in exchange for stock in their companies to help keep them from going out of business from all the bad loans that these degenerates wrote over the past 8 years&#8230; nice, very nice&#8230; too bad furniture, travel, retail, and every other business in this country didn&#8217;t get a similar deal&#8230; FREE MONEY to stay afloat.</p>
<p>NEXT, the banks were then given access to the FEDERAL RESERVE lending window and were allowed to borrow BILLIONS, yes BILLIONS of dollars at near ZERO percent interest rate(oh, did I forget to mention that this once again is just you the taxpayer lending this money to the banks&#8230; hey at least you are not just GIVING it to them this time)&#8230; wow, that sounds nice&#8230; can you imagine if your business was allowed to borrow virtually unlimited funds at near ZERO interest?</p>
<p>FINALLY, comes the kicker&#8230; with all of these BILLIONS of dollars (from YOU the taxpayer, via the government in the form of equity capital to purchase stock, and then finally in the from the FED window at near ZERO interest), the banks then went and invested BILLIONS of dollars (again, important to remember that these billions care from you, the taxpayer) into US TREASURIES at HUGE interest rates (compared to what they are paying for the money)&#8230;</p>
<p>THE RESULT &#8211; BILLIONS of dollars of YOUR MONEY STOLEN from you and your fellow Americans and just handed to the banks&#8230; its a very simple game here &#8211; BORROW at zero, take that money and invest it in US Treasuries that pay a few % of interest EQUALS FREE CASH&#8230; think of it this way &#8211; someone says they will GIVE YOU a MILLION DOLLARS for ONE YEAR, but you have to pay it back in ONE YEAR. So, you go to a bank and you open a CD at 5% &#8211; and at the end of the year you pay back the million to this mystery donor, and you keep the $50,000 in interest from the Certificate of Deposit. Its really that easy&#8230; its PRINTING MONEY&#8230; and guess who had the money stolen from them? YOU, AMERICA, the United States TAXPAYER&#8230; you were fleeced, you were stolen from&#8230; and what&#8217;s even better&#8230; you THANKED them for stealing from you&#8230; when the economy didn&#8217;t completely fall of the cliff, you thanked the government for stealing your hard earned money.</p>
<p>So the next time you hear about the MILLIONS of dollars that are being paid out in bonuses to these really really deserving, smart individuals&#8230; ask yourself if these Robber Barons should be getting away with what they are doing. Where is the outrage, where are the trials, the indictments for fraud, where are the concerned advocacy groups&#8230; not a sound, silence.</p>
<p>The DEFICIT just rose by $180 BILLION in the month of JULY&#8230; I wonder how many BILLIONS of that number were simply STOLEN from the American people and deposited into the coffers of the banks, and then swiftly paid out in &#8220;performance bonuses&#8221; to the executives of those same institutions&#8230;</p>
<p>Wake up America, find your voice &#8211; or you could find it silenced by an oppressor.</p>


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