This is such an overt act of theft and the MSM has tried so hard to cover up and convolute the simple scam it sickens me and saddens me at the same time. 

When hacks come up with that lame excuse,”these are legal contracts” that can not be broken, that is so disingenuous I do not know what to say.  Wage agreements are broken or renegotiated all the time during economic downturns.  When companies go broke pension contracts are destroyed. This crazy argument that these unregulated phony money CDS, and CDOs, created for the super rich can not be broken is insane.

Give them .01% on the dollar and them them we won’t through them into Guantanamo as terrorist trying to detroy this great nation.  If they don’t like that then simply freeze everything till it is sorted out and everyone guilty of defrauding these innocent homeowners is jailed. 

Remember way back last century to the late 1980’s and early 1990’s.  This was way back when George bushes daddy George bush was president.  Way back then the savings and loans went through a very similar type of melt down, however, that only cost the taxpayers a few hundred billion dollars. At that time more regulations and safe guards were apparently put in place so it would not happen again.  So what happen; in 1999 Phil Gramm, Alan Greenspan and the same republican cabal deregulated the banking industry. We had barely finished paying of the S&L debacle, for crying out loud. 

It is so sad bush family is so unlucky to have been presidents while these two events transpired.  What is even sadder is Neil Bush worked at one of those big savings institutions that lost about 2 billion dollars I believe he later got a job as a defense contractor for his brother.  John McCain’s main supporter Charles Keating were also involved in the meltdown. The MSM never bothered to ask McCain about his involved in both scandals because Obama’s lapel pin issue took front stage. 

I realize most of the hoopla recently has been about the AIG bonus contracts. But we need stay focused on the big picture.  Uncovering this fraudulent scheme the MSM refuses to report the truth about before it is too late.

Thank god for a few thruth seeking internet site!

Obama said we need change and change must start at the top, I think that lobbyist might be needed but not to the point that Corporate elites own the United States, Too big to fail has now going to give the crooks a bonus even if they did not earn them.

Maybe the French Revolution idea is now here in America.