http://www.occupycorporatism.com/whistleblower-explains-banks-gamble-customer-funds/
I heard about this many years ago. It was called the "sweeps" and at one particular bank, all accounts were zeroed out overnight, the gambling commenced, the banksters made beaucoup bucks off of depositors' funds, then the depositor funds were replaced.
"David Stockman, former director of the Office of Management and Budget (OMB) under the Reagan administration, said: “As a result of being rescued and having the cleansing liquidation of rotten balance sheets stopped, within a few weeks and certainly months they were back to the same old games . . .”
This is EXACTLY WHY no cabal should be negotiated with or left with any kind of power!
Comments