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    Zero Hedge
    August 27, 2009

    And so the guns come out blazing. The Clearing House Association, another name for all the banks that were bailed out over the past year with the generous contributions from all of you, dear taxpayers, are now threatening with another instance of complete systemic collapse if Bloomberg’s lawsuit is allowed to proceed unchallenged, let alone if any of the “Audit The Fed” measures are actually implemented.

    As a reminder, The Clearing House Association consists of ABN Amro, Bank Of America, The Bank Of New York, Deutsche Bank, HSBC, JP Morgan Chase, US Bank and Wells Fargo.

    In a declaration filed in the Bloomberg Case (08-CV-9595, Southern District of New York), the banks demonstrate no shame in attempting to perpetuate the status quo with regard to the Federal Reserve and demand that the wool over the eyes of the general population remain firmly planted in perpetuity.

    The Clearing House submits this declaration because the Court’s Order threatens to impair the ability of our members to access emergency funds through the New York Fed’s Discount Window without suffering the severe competitive harm that public disclosure of their identity will cause.

    Our members have accessed the New York Fed’s Discount Window with the understanding that the Fed will not publicly disclose information about their borrowing, especially their identity. Industry experience, including very recent and searing experience, has shown that negative rumors about a bank’s financial condition – even completely unfounded rumors – have caused competitive harm, including bank runs and failures.

    Surely transparency would facilitate rumor-mongering to an unprecedented degree. After all rumors spread much easier when everyone knows the true financial condition of banks.

    And here, in plain written Times New Roman, you see what racketeering by a major bank consortium looks like:

    If the names of our member banks who borrow emergency funds are publicly disclosed, the likelihood that a borrowing bank’s customers, counterparties and other market participants will draw a negative inference is great. Public speculation that a financial institution is experiencing liquidity shortfalls – which would be a natural inference from having tapped emergency funds – has caused bank customers to withdraw deposits, counterparties to make collateral calls and lenders to accelerate loan repayment or refuse to make new loans. When an institution’s customers flee and its credit dries up the institution may suffer severe capital and liquidity strains leaving it in a weakened competitive position.

    • A d v e r t i s e m e n t
    • efoods

    Pardon me if I am a broken record here, but would rumors not spread much less if there was more transparency, if investors and other financial intermediaries were fully aware of the conditions of their counterparties, if banks did not have to cover their billions in reserve losses by pretending they are viable and essentially being constant wards of the state?

    The Banks’ racketeering has gone on for far too long.

    And yet, it does not stop: the conclusion from the banks’ letter:

    In sum, our experience differs from the factual conclusions the Court appears to have reached about the nature of competition in the banking industry:

    • The competitive harm to institutions that are publicized as needing emergency funding is not “speculative,” but demonstrated by the recent multiple failures of financial institutions whenever information about their funding difficulty has been disclosed.
    •The disclosure does not involve mere “embarassing publicity” but information that could result in the immediate demise of an institution.
    •The disclosure would not merely “stigmatize [ ]“the institution or make it “look [ ] weak,” but goes to its very viability.
    •The disclosure of accessing emergency funding is not an “inherent risk” of market participation, but an extraordinary risk in extraordinary circumstances.
    •Competitors can use the disclosure to advertise or publicize that they are financial stronger because they don’t need emergency funding.

    In a nutshell – the banks want their complete opacity cake and eat it too, or else, the racket goes, the transparency that will somehow promote massive rumor mongering will again destroy capitalism. In the meantime, the Ken Lewises of the world can continue touting how stable their businesses are based on optimistic future projections, while implicitly, they continue to survive merely thanks to the cash granted them by your, taxpayers.

    Full filing here:


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    Comment Rules

    108 Responses to “Racketeering 101: Bailed Out Banks Threaten Systemic Collapse If Fed Discloses Information”

    1. Veteran Says:

      Easy. Just nationalise all banks. Take all the money back.

      jb in fl Reply:

      WOW!!! If this doesn’t show the American public what is really going on, then they really are all just sheep. I cannot believe that some of the people around me would rather watch some stupid show on television then researching the causes (banksters) of what we are experiencing today.

      On another note, I watched the O Deception and it was fantastic. Does anyone know how A J was able to include all the footage from the mainstream media in the documentary?? I think he has to have permission to use that or they could sue him. Why would they let him use their footage for his documentary, especially if they are all controlled, as we all know that they are.

      It was just something I was wondering. If anyone has any ideas please post them, because it doesn’t make a lot of sense to me.

      gordy three horses Reply:

      it is called controlled opisistion if they didn’t want you to see it you wouldn’t stop drinking the cool aid FROM BOTH SIDES. and stop making aj rich off of your hard earned currency.

      Bring it Reply:

      actually I saw O Deception for free and most of his other films are on you tube. After all he has done though I did buy a membership to prisonplanet so that I could download all of his movies and support his cause. It only cost a hard earned $5.95 that was worth downloading 20 movies.

      jb in fl Reply:

      Bring it…

      I like you, have been a bit Alex fan and follower for a long time. But as I was watching the O Deception, a light went off in my mind and I began asking… how in the hell is he able to include this footage, which clearly he did not shoot himself and has to be copywrited. So this means he would have had to get permission from the media companies. Why would they give him permission when he is outing their true intentions.

      I am very confused. For so long I have believed so much of what AJ has eluded to, but this now puts a doubt in my head. I don’t want to be a sheep just following what he says blindly, so I feel very strongly that this is something that needs an answer.

      Maybe there is some kind of journalism law on copyright that allows you to use footage from news broadcasts. Or maybe the footage he used is “free usage” footage that anyone can use. I just need to know. I have based too much of how I now live my life under the expectations of what is to come from this guy.

      I for one am not going to have the wool pulled over my eyes because instead of blindly following the gov’t I am blindly following AJ.

      JJ Reply:

      #############SPREAD THIS INFORMATION#############

      Wall Street criminals exposed By Marcy K.

      kaptur.house.gov/index.php?option=com_content&task=view&id=289&Itemid=1

      youtube.com/watch?v=tMCZ8JeEpUw
      or
      fednet.net/asx/2008/kaptur092208.asx

      Rep. Alan Grayson asks the FEDERAL RESERVE Inspector General where the money is gone..

      youtube.com/watch?v=PXlxBeAvsB8
      HQ version: youtube.com/watch?v=cJqM2tFOxLQ

      Tim Geithner refuses to answser Brad Sherman’s question

      youtube.com/watch?v=WccPO-lkK8I

      #####END THE CRIMINAL RESERVE – ACTION STEPS#####

      Bills to be supported: S 604 and HR 1207. Information:
      ronpaul.com/on-the-issues/audit-the-federal-reserve-hr-1207
      or
      http://www.campaignforliberty......07home.php

      1. Sign the HR 1207 Petition:
      www(dot)campaignforliberty.com/campaigns/hr1207petition.php
      2. Sign the S 604 Petition:
      www(dot)campaignforliberty.com/campaigns/s604petition.php
      3. Already signed the petitions? Contact your Representatives:
      www(dot)campaignforliberty.com/campaigns/hr1207action.php

      Another one you might sign instead of the above 1st and 2nd step.
      auditthefed.com

      #############SPREAD THIS INFORMATION#############

      meh! Reply:

      “how in the hell is he able to include this footage, which clearly he did not shoot himself and has to be copywrited. So this means he would have had to get permission from the media companies.”

      Read FAIR USE you idiot, what’s up with this recent rumor-mongering. Spreading disinfo? I would be curious about where 22 trillion disappeared not how some footage got into a movie. God, you are a silly person …

      Bancruptcy reorganization! Reply:

      If they’re going to “fail” we put them trough bankruptcy reorganization exactly like Lyndon LaRouche proposes, in fact … they already are bankrupt anyway, nobody just knows because they won’t tell us … so make them and reorganize them!

      http://www.larouchepac.com

      We should let congress know there is an alternative so they don’t fall for the fearmongering. They fail? Fine, we have a plan if they do.

      jb in fl Reply:

      So what you’re basically saying is that either:

      1. They simply allow AJ to use the footage because they figure not enough Americans will take him seriously so no reason to object to his use or sue him… or….

      2. AJ is somehow connected to the very entities that he is “outing” with his videos.

      I really honestly don’t know what to believe anymore. I def. think our gov’t is controlled, and that we are moving towards a NWO that will crush our country as we know it, but how much can we trust Alex if he is really in bed with the very entities that are taking us there.

      Is his purpose to distract us in another way? I have always believed Alex and found him to be a pioneer in this space. But I imagine my post will be removed soon and we will never know what the real answer is. Someone needs to ask him about this on his radio show, because it is VERY concerning!!!

      VoiceintheWilderness Reply:

      I used to be in broadcasting and retired after 25 years. There are a lot of pretty people in the news “business” with very little journalism background. Once the footage has been broadcast, it is the property of everyone. Raw footage is protected by copyright, but if it has been sent into the airwaves, anyone who catches it has access and right to it.

      meh! Reply:

      3. there is a fair use provision in copyright legislation allowing exactly that!

      Morons

      Private Pile Reply:

      Its called FAIR USE you dips---. Look it up. Anyone can use news footage under the fair use law. It doesn’t mean that the media agrees or endorses AJ’s veiws. It just means he can use there footage anyway he wants.

      jb in fl Reply:

      OK, Private Pile…

      I did look it up. And I am very familiar with it. Why am I a dips---, because I asked a question. Don’t we frown on this type of activity when the other’s do it to us… call us names for asking questions.

      I DON’T TAKE ANYTHING WITHOUT INVESTIGATING FIRST. My question is quite fair and makes sense. What kind of patriot would I be if I didn’t also question things. That would still make me a sheep, just one following A J instead of the government.

      The “fair use” says the person reproducing still has to get authorization from the owner of the copyright. A J doesn’t even acknowledge the media sources at the end of his film.

      I am a big supporter of Jones, but I want to know how he got permission to use this footage!!!!

      Here is the “fair use” clause so you can brush up.

      One of the rights accorded to the owner of copyright is the right to reproduce or to authorize others to reproduce the work in copies or phonorecords. This right is subject to certain limitations found in sections 107 through 118 of the copyright law (title 17, U. S. Code). One of the more important limitations is the doctrine of “fair use.” The doctrine of fair use has developed through a substantial number of court decisions over the years and has been codified in section 107 of the copyright law.

      Section 107 contains a list of the various purposes for which the reproduction of a particular work may be considered fair, such as criticism, comment, news reporting, teaching, scholarship, and research. Section 107 also sets out four factors to be considered in determining whether or not a particular use is fair:

      The purpose and character of the use, including whether such use is of commercial nature or is for nonprofit educational purposes
      The nature of the copyrighted work
      The amount and substantiality of the portion used in relation to the copyrighted work as a whole
      The effect of the use upon the potential market for, or value of, the copyrighted work
      The distinction between fair use and infringement may be unclear and not easily defined. There is no specific number of words, lines, or notes that may safely be taken without permission.

      Acknowledging the source of the copyrighted material does not substitute for obtaining permission.

      One of the rights accorded to the owner of copyright is the right to reproduce or to authorize others to reproduce the work in copies or phonorecords. This right is subject to certain limitations found in sections 107 through 118 of the copyright law (title 17, U. S. Code).

      The safest course is always to get permission from the copyright owner before using copyrighted material. The Copyright Office cannot give this permission.

      PrivateSi Reply:

      All opposition is controlled to some extent, whether they know it or not. When Alex says ‘this is unbelievable’ (which he does quite often with his guests) I always wonder whether he’s just using a turn of phrase or hinting at his personal beliefs…? ‘The General’ was a good example today… That guy (to me) is obvious cointelpro meddling in the 9/11 truth movement, if not – a blatant profiteer IMO.

      akachristian Reply:

      My supposition is that once anything has been AIRED………it becomes FREE for public usage…just guessing here…………if I go out and do anything in public……and someone films me………………THEY CAN USE IT!!!

      I don’t even have to know them……..that is HOW AJ used the lamestream propaganda rolls…………..AJ would NOT do anything illegal…………they would have fined and/or jailed him already…………………

      He’s the real deal..okay!

      jb in fl Reply:

      Thank you for those that responded with answers that did not include insults.

      I do not believe that once something is “AIRED” it can simply be rebroadcast without permission. Football games are a perfect example. The NFL would never let you rebroadcast one of their games that has been transmitted simply because it was “aired” on TV. They even give that warning at the end of the game that says the broadcast is the property of the NFL.

      Youtube regularly takes videos down that were aired on TV and then recorded and rebroadcast because of copyright violation. THIS HAPPENS ALL THE TIME.

      So still no one has answered my question with facts. I have posted the “fair use” copyright section and it clearly says you must have permission from the original copyright owner.

      So I ask again… How did Alex get permission to use the footage in the O Deception?

      Praise the Lord and Pass the Ammunition Reply:

      After reading all the posts arguing copyright law all I can say is who gives a s---. Don’t watch the video if it bothers you that much. Are They going to come take you away? Probably.

      jb in fl Reply:

      Praise,

      I give a s---. Because the only way Alex could have gotten permission to use this footage is if he is in bed with them.

      Markus Reply:

      learn to reply correctly please

      joel Reply:

      you see they keep bluring the boundaries.theres really 2 sets of rules.for us and them.the government connot by virtue produce nothing,so for someone to have, someone has to do without.on the otherhand the private individual is free to produce and create without end.technically it’s what has given us all we enjoy.so don’t allow the false evidence that everythings finite.the only thing finite is our days.spend them wisely.and lose the loser mentallity.

      SeekerOfTruths Reply:

      A sword is upon her horses, and upon their chariots, AND UPON ALL THE
      MINGLED PEOPLE THAT ARE IN THE MIDST OF HER: and they shall BECOME
      AS WOMEN: a SWORD IS UPON HER TREASURIES; and THEY SHALL BE ROBBED
      (Jeremiah 50:37).”

      Beau Deters Reply:

      Harm, real or speculative, to the bank if irrelevant and immaterial, to the suit at hand, as the action before the court involves not the financial interests of the banking industry, but the freedom of information of the plaintiff having to pay interest plus principle on the loans to these financial institutions.

      The needs of the bank, the damage to the bank is frivilious compared to the ripe environment for fraud, lack of accountability, and general transparency. It is the tax payers money that is being spent, beggars can not be demanders.

      The Truth Shall Set You Free Reply:

      I know this is off topic but why is this not being talked about I think its a major issue that needs to be discussed. Please Alex look into and inform the people.

      LA Times Link

      http://www.latimes.com/news/lo.....3620.story

      williamwallace Reply:

      how to pay back all the money that is still out standing as debt? ok just inflate the currency so that 24 trillion debt buys a loaf of bread soon we will see the magic of the banker magicians at work. nothing into something and back again into nothing. i know a masonic story like that one Only problem is to keep the investors stolen money on ice till the inflation surpasses the loan and interest. and that isnt hard with the raping that has been going on around here.

      Feared and loathed Reply:

      Ultimately we will have to hold these crooks responsible ourselves. I think the reality of this revolution (if there is to be one) exists in our willingness to commit to our goals. What we want for this country we must demand, and harness through whatever means possible. They would send you away in a heartbeat to fight and die in their war, why not do that for ours!

      PrivateSi Reply:

      You think nationalizing ALL banks is EASY!? Give me a break! I hope you’re joking COMRADE!

      Uncle Ben B Reply:

      ‘under the mattress’ sounds like a great bank
      that is where we put the money back in Philly

      Gone Baby Gone Reply:

      Heres the truth, this is call a power grab, and the FED would not let Bear Stears have any money, and here is something else! And I sure I am right,

      Bear Stearns was solvent, and did not play the Pack & sell, Real estate deals in the amount as declared,

      This is nothing more than JP.Morgan getting there private deposits,

      Now how about a a Bank collaspe this month, And a very big one, well A Bank in Mexico took them over, and what did the FED do??? Nothing! and it’s a 1st, A US bank gos to another country,

      And the 1207 bill will trun into a sham, (tobad)

      I’ll bore you with this, T-4 Know what it is?

      well its the Health Care Bill Obama is wanting all of us to have!

      But Hitler and his men drew up the T-4 in 1939, I think it may have been 38, But any way

      The Men who were runing this Health Care in Germany,

      WERE HUNG @ Nuenberg trials

    2. Lugash Law Center Says:

      Transperancy is the key to ensuring our liberties as Americans

      Sar4Life Reply:

      oh fuk off..mkay?
      Liberty is something a ships’ captain might give to a good behaving sailor.

      I am talking about the ‘freedom’ of US CITIZENS.
      So please do not put me in bed with ‘American’ countries like Venezuela.

    3. Track Daniels Says:

      They ARE AFFRAID cuz their house of free candy is about to get raided by the REAL Feds “WE THE PEOPLE OF AMERICA”

      monterio777 Reply:

      AMEN used to be the gov. was of the people by the people and for the people

    4. jimmy4truth Says:

      Oh thats funny! I’d leave the country before the American public finds out where and why the money went, and why their were such giant amounts of money in off balance sheet transactions. The federal reserve is trying to hold on the reins of slavery, and you and I are the slaves. It’s time to bury masta in the garden. Please continue to put pressure on our so called elected officials to support HR 1207 and remember Executive order 11110 still stands!

    5. callage Says:

      As you can see from the filing the Banks have already disclosed who they are and who represents them. So submitting a public application to protect their privacy whereby they name themselves in it, shoots themselves in the foot.

      Effectively they have ‘outed’ themselves, and the filing should be rejected on that basis alone.

    6. Beaten Slave Says:

      Burn a Banker

    7. wakupdvds Says:

      The fed needs to be accountable. We deserve t know where its all going. wakeupdvds.com

    8. faceless renegade Says:

      yes, bury the masta in the garden indeed

    9. kromdor Says:

      Dude, look at HSBC (and some others) on forbes. They have 2 trillion in assets. way out of proportion to their profits.

      oldenough Reply:

      April 2008 HSBC was listed as the worlds LARGEST COMPANY. They call themselves the WORLDS BANK. Yeah, they not only have their hand in our cookie jar, they are most likely the driving force in the take over of the US. Hell, I bet we are already taken over, and just don’t know it.

    10. kyle Says:

      damn.. hate the fed much??

      http://www.youtube.com/watch?v=YaZxYS7QJ-k

    11. theAustrians Says:

      Don’t nationalize the banks, denationalize the Fed.

      http://www.TheAustriansWereRight.com

      your mom Reply:

      the fed is a private bank, owned by undisclosed individuals. Thats is not nationalization.

      we need to DE-FED the nation

      monterio777 Reply:

      yep you are so on the money it is really scary

      theAustrians Reply:

      No, the Fed isn’t purely private; it’s a hybrid which is the problem. It helps to hold together a cartel when the government is in on it as well.

      http://www.TheAustriansWereRight.com

    12. kyle Says:

      damn hate the fed much anyone>>??

      watch this!@> http://www.youtube.com/watch?v=YaZxYS7QJ-k

    13. Neocon Narc Says:

      Wonder what it will take to start the next American Revolution..
      They tell you..

      Audit the FED!!!

      monterio777 Reply:

      and that is exactly what the gov. wants so that they can declare martial law that rex86 s--- and through all the so called dissidents into haliburton own made fema camps

      Neocon Narc Reply:

      Sorry monterio777,
      I was not able to write out that the FED was going to be the ones to declare war on us because the moderator on earlier in the day had rejected 7 attempts to put my entire message out.

      But now that person is gone let’s try again.

      They tell you..
      Paulson threatens martial law if TARRP money is not approved.
      Bernanke threatens financial disaster if they are audited and tries to say the bill wants to control them.
      Geithner says that is a line you do not want to cross.
      They are the ones who are threatening us….

      “It is well enough that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” – Henry Ford

      Jason Bermas hit the nail on the head this morning in his coverage of the transparency Geithner and Bernanke tell the public….As transparent as a iron beam…

    14. bring it Says:

      Then bring it on then I’m tired of this damn financial terrorism.

    15. oldenough Says:

      I guess we are just supposed to forget the fact that it’s OUR money in there in the first place. This is like telling your credit card bank that they should not report you to the credit reporting agencies for going over the limit and not paying for 6 years. You say to the bank “hey, if you report me, I’m not going to be able to get more credit cards won’t be able to pay other bills”

      Same damn thing. If these Fed loans/thefts get exposed, it’s all over with for the banks AND the Fed.

    16. Outrage Says:

      I say “Why wait! Pull all funds out of all financial institutions NOW! Start a pre-emptive run on the banks, just to remind them just who’s money they have!”

    17. Keith4130 Says:

      Banker traitor scum, sucking the American taxpayer dollars for 100 years, they won’t go down easy. These traitors should be gutted like farm animals for treason against the US Constitution and US Citizens, and left to rot.

      restless native Reply:

      It got real nasty between Andrew Jackson and treasury sec Biddle,Nicholas. In the US I think this started when the ARTICLES OF CONFEDERATION were replaced with the CONSTUTION

    18. WEREFEAT Says:

      Yeah, well he’s right, it would cause a systemic collapse. Right now, no one really knows what they do, or what they have done in the past. Finding out all those things would be a huge shock to the world. Bleep: systemic collapse.

      But it was their system that collapsed, wasn’t it?

      And then we would need another one, wouldn’t we?

      Duke1 Reply:

      I don’t think Americans have the attention span to even listen to someone explain what the banks do nevertheless understand it.

      michael Reply:

      Yeah….and then if you do put it in laymans terms like “They are taking 20% of everything you make, and spending it on themselves,” they call you a fruitcake.

    19. Sophia Says:

      “Surely transparency would facilitate rumor-mongering to an unprecedented degree. After all rumors spread much easier when everyone knows the true financial condition of banks.”

      Surely, transparency would facilitate the spread of truth as opposed to rumors. That such truths – not rumors – should be known to the public is the real fear here. Is this just me?

      “Pardon me if I am a broken record here, but would rumors not spread much less if there was more transparency…”
      Nope, not just me.

    20. Merrie Says:

      Wait till the names of the 54 thousand Swiss bank account holders are disclosed. Than the s--- is really gonna hit the fan. It will give clear vision to 911. I wonder how many Senators will be on that list. I wonder how many Senators moved their assets out of the USA and bought Euro after 911 and the Bank collapse?
      Now we will know. Goodie Goodie LOL MCB

      posterchild Reply:

      there are other places to hide money besides Switzerland. Have been for a while….say it with me “CAAAAYMAAAAN EYELANDS”.

      Merrie Reply:

      Ive heard of Cayman Islands, and yes I believe that the US should blockade those islands and take the booty. All the assets of the American people lays there in Davie Jones locker. Good luck getting it!
      Bush Cheney Water gate, White Water, Water gate, what water scandal will this prove? Oh well time for dinner! Love MCB

      monterio777 Reply:

      and all those rich asses who hid all there money, wonder why they never cried foul by loosing all there money in the same banking system we did? how come they did not loose all there funds except 250.000$ that was insured cause they had all there money in swiss banks?? fishey we pay taxes they dont WHY?

    21. gordy three horses Says:

      i say kick their limey arsses back to england and then the real ww3 will start

    22. Bring it Says:

      Our money is gone. Have you seen the national debt clock http://usdebtclock.org/
      644 Trillion dollars in derivitives. Were just throwing it into a deep black hole. Right now our bailouts are just lining the pockets of the fat cats so they can buy different currencies and leave the country.

    23. f--- Says:

      Well f--- it Bring it on Mother f---ers , it is better face the music than live in fear

      American people make horrible slaves

      monterio777 Reply:

      could you imagine ,, there is no way 50 states worth of americans will ever be put into slavery dudes in prison barely do what there told come on know but if certian people get all the legal guns of the street were be screwed, in horrible ways, kind of like prison sex, not kind you want, but the kind you will get

    24. TomCat Says:

      What needs to happen is the more responsible banks should come forward voluntarily and post there bailout numbers on there own websites. Then the bankster banks will be forced to see that the only negative consequence will be if a bank does NOT disclose there bailout numbers.

    25. Citizen Pain Says:

      MUST READ ARTICLE… “How The Fed Is Monetizing Our Debt”

      http://seekingalpha.com/articl.....izing-debt

    26. frederick m pearson Says:

      Here is a prime example of wicked wormwood organized bankers laboring for the the distruction of
      our noble nation. When one can not fail one becomes wicked. When one can not fail one no longer needs Christ. Our purpose on this earth is to labor for good not labor for riches or to kill to rape to rob our fellows.

    27. Family Man Says:

      If the truth comes out, then the failed banks will actually fail and be replaced by functioning solvent institutions. Yes the failures will affect the market. Some individuals will take losses on investments, mutual funds, and 401Ks. I don’t want retirees to suffer any more than anyone else but there comes a time when people must start making informed, intelligent decisions about where their money is. This disclosure is absolutely necessary for folks to make those decisions. It is these informed decisions that the banksters are deathly afraid of because their cartel will collapse as we the people begin to invest our money in things that have actual real value instead of their computer generated pyramid schemes.

    28. Feeedom Says:

      http://www.sweetliberty.org/wolves.htm

      check that

    29. Hologram5 Says:

      If these banks were to fail then that would most likely be for the best. If they are “Too Big TO FAIL” then they shouldn’t be there at all. That is called monopoly and if I remember correctly is illegal in this country.

    30. Keith4130 Says:

      Want to send your comments directly to the Fed Reserve traitors? Here’s the link

      http://www.federalreserve.gov/feedback.cfm

    31. JJ Says:

      ##########SPREAD THIS INFORMATION##########

      Wall Street criminals exposed By Marcy K.

      kaptur.house.gov/index.php?option=com_content&task=view&id=289&Itemid=1

      youtube.com/watch?v=tMCZ8JeEpUw
      or
      fednet.net/asx/2008/kaptur092208.asx

      Rep. Alan Grayson asks the FEDERAL RESERVE Inspector General where the money is gone..

      youtube.com/watch?v=PXlxBeAvsB8
      HQ version: youtube.com/watch?v=cJqM2tFOxLQ

      Tim Geithner refuses to answser Brad Sherman’s question:

      youtube.com/watch?v=WccPO-lkK8I

      #####END THE CRIMINAL RESERVE – ACTION STEPS#####

      Bills to be supported: S 604 and HR 1207. Information:
      ronpaul.com/on-the-issues/audit-the-federal-reserve-hr-1207
      or
      http://www.campaignforliberty......07home.php

      1. Sign the HR 1207 Petition:
      www(dot)campaignforliberty.com/campaigns/hr1207petition.php
      2. Sign the S 604 Petition:
      www(dot)campaignforliberty.com/campaigns/s604petition.php
      3. Already signed the petitions? Contact your Representatives:
      www(dot)campaignforliberty.com/campaigns/hr1207action.php

      Another one you might sign instead of the above 1st and 2nd step.
      auditthefed.com

      ##########SPREAD THIS INFORMATION##########

    32. JJ Says:

      MSNBC: “Congress to the Fed: Whats in the bag?”

      http://www.youtube.com/watch?v=5yotw3QztnY

    33. JJ Says:

      “Matt Taibbi on how Goldman Sachs has engineered every major market manipulation since the Great Depression.”

      In Rolling Stone magazine issue 1082-83, Matt Taibbi takes on “the Wall Street Bubble Mafia” – investment bank Goldman Sachs. The piece has generated controversy, with Goldman Sachs firing back that Taibbi’s piece is “an hysterical compilation of conspiracy theories” and a spokesman adding, “We reject the assertion that we are inflators of bubbles and
      profiteers in busts, and we are painfully conscious of the importance in being a force for good.” Taibbi shot back: “Goldman has its alumni pushing its views from the pulpit of the U.S. Treasury, the NYSE, the World Bank, and numerous other important posts; it also has former
      players fronting major TV shows. They have the ear of the president if they want it.

      Includes 5 short video’s:
      http://www.rollingstone.com/po.....hine/print

    34. Drew Says:

      Well, gang – we could always hope that in the next couple of weeks we have a monetary blowout of some sort and the whole thing goes crashing down. I would be looking at who is in charge of these banks and where they might be after it’s all over – and the Nuremburg trial will look like traffic court when millions of outraged Americans haul them in…I doubt even the military rank and file will obey the “political” officers above them, either…but I am all for rebuilding it up afterwards, too.

    35. Illuminati=Zionists? Says:

      Is this a Zionist engineered economic implosion? Look at the names: Goldman, Rothschild, Bernake, Paulson, Greenspan, Kissinger? Who knows?

    36. JJ Says:

      OBAMA IS A “NWO/CRIMINAL BANKERS” PUPPET.

      This video makes it 100% clear.
      Watch Ron Paul on CNN:

      Ron Paul says: “Why are we spending all this money, why do we run the “world empire”,.. and how did we get in this mess?..”

      http://www.youtube.com/watch?v=WUvjXzTaw5M
      or
      youtube.com/watch?v=wM6rfXof2xQ
      or
      eclipptv.com/viewVideo.php?video_id=6808
      = = = = =

      ::spread the word by reaching out DVD’s::

      The Obama Deception movie, DVD QUALITY with 14 subtitle languages:
      Arabic, Czech, Dutch, English, French, German, Hebrew, Italian,
      Norwegian, Portuguese, Russian, Spanish, Swedish, Turkish

      ISO file, ready to burn.
      thepiratebay.org/torrent/5005993

    37. JJ Says:

      OBAMA IS A NWO, CRIMINAL BANKERS PUPPET.

      Here’s more information for the brainwashed people:

      Preparation
      Gordon Brown brings Britain to the edge of bankruptcy:
      telegraph.co.uk/comment/columnists/iainmartin/4295219/Gordon-Brown-brings-Britain-to-the-edge-of-bankruptcy.html

      End result
      Barack Obama and Gordon Brown’s “New World Order” – Lou Dobbs 03-03-09
      http://www.youtube.com/watch?v=R20PQwtPwEE

    38. JJ Says:

      “The Big Takeover”

      “The global economic crisis isn’t about money – it’s about power. How Wall Street insiders are using the bailout to stage a revolution:”

      From Issue 1075 — April 2, 2009
      http://www.rollingstone.com/po.....over/print

    39. Breathing Easy Says:

      NO JOBS = NO RECOVERY.

      570,000 new unemployment claims this week.

      Soon there will be no more money for the banksters and Wall Streeters to steal from the American people. Foriegn governments will see their opportunity, quit buying our debt, and all will collapse.

      Only 1 way out….. Create Jobs!

    40. Neocon Narc Says:

      They tell you they are criminals and not innocent bankers because they hide their real names behind standard gangster titles like…
      “The Good Deeds Club”
      “The People’s Defender”

      In this case “Clearinghouse Association”…..has a double meaning.

      They stole our money like winning a publisher clearinghouse lottery prize and now they are clearing the homes of their real owners.
      Hhahahha
      You guys are so funny..cute.
      But Hon. Loretta Preska is also a member of a club.
      THE LAW!!!

      The law…hahha that’s a good one….we are IMF and no one can touch us…hahhaha good one Neo.

    41. Warren Bonesteel Says:

      So, one metaphor is that the Fed Reserve is playin’ five card stud and they’ve just let everyone on earth see their hand. …and all they’ve got is a busted flush.

      Another is that it’s that moment in time when they’ve just let everyone see behind the curtain …and they’re still pulling levers and yelling into the microphone…

      Neocon Narc Reply:

      ROFLMAO!!!!

      I don’t think they will let us get that far…they will declare war first if we somehow call their bluff.

      They never counted on a young kid (Ron Paul) in the audience saying what’s in the other hand.

      But I think you have the right idea with your metaphors…anymore good ones???

      I loved the Wizard of Oz one…

    42. razor Says:

      TIME FOR AMERICA TO PRINT HER OWN TREASURY NOTES. ALSO, TIME TO AUDIT THE FEDERAL RESERVE….I KNOW THERE IS CRIMINAL ACTIVITY THERE!!!!!!!!!!!!!!

    43. PrivateSi Says:

      A deal was a deal! Imagine the legal costs the gov. will have to pay after revealing the banks’ bail-out… As I haven’t read the contract – WHO KNOWS what the legal standing is? Even if the bill goes through (WHICH IS SHOULD) the audit will not be performed until (prob. late) next year at the earliest… In all honesty I believe there will be many delaying tactics and then the bill will be quashed (despite the TOKEN show of force for APPEASEMENT’S SAKE).. I hope I’m wrong.

      Democracy is a farce, the LEAST we deserve is COMPLETE TRANSPARENCY of ALL gov./treasurey money TRANSACTIONS (yes, BLACK-OPS & PROJECTS TOO!!!).

      Neocon Narc Reply:

      It can’t be more than the 23 Trillion they have all ready stolen from us…
      I know you are right on every tactic in the book being used…

      Including their biggest tactic right now called threat of terrorism.

      your mom Reply:

      when (if) they audit the fed. the people will be so pissed! I cant wait. millions of outraged, armed citizens suddently aware they have been not only SOLD OUT, but SOLD OUTRIGHT to foreign bankers.
      “contract details” wont mean a damn thing when the pitch fork (AR15) wielding mobs reclaim thier country.

      1776 all over again.

      what an exciting time to be alive.

      (too bad I dont have a gun and will have to litterally use a pitch fork)

    44. Bad Slave Says:

      I like how these banks cry about a “negative inference” related to disclosure of their borrowing activities, yet they access millions of customers’ credit reports every day in order to screw with people’s interest rates and credit ratings. They get away with this argument only because our courts are completely crooked. Federal judges are the worst—whores.

    45. Madman Says:

      I say, that if it collapses… and the system collapses… Hooray!
      A chance to rebuild, and do it right… I say, let it collapse.

    46. IGOR Says:

      you tube “THE MONEY MASTERS” informed your selfs please and LEARN. And keep the jews out of it please. WE are all victims!!!!

    47. just browsing Says:

      After reading the article and the included legal paper I then went back to the headline: ” Racketeering 101: Bailed out banks threaten systemic collapse if Fed discloses information” . It seems the more appropriate conclusion would be: Banks already in trouble are threatened by collapse if Fed discloses information. I didn’t glean from what I read that the entire banking system would collapse. But it was definitely an eye-catching headline.

      Maybe, they should have been allowed to fail after all.

    48. Shriyash Says:

      The most important and explosive book on understanding the reality of the greatest scam in the world ever waged against the people, the BANKING AND MONETARY SCAM:
      http://www.scribd.com/doc/4219.....y-of-Money

    49. Sir Baby De Porky Says:

      It’s a false flag !!! They heavily invested in ” Depends ” stocks , and now , they’re implementing
      phase 2 !!! ….. think…people…think !!!

      P.S. That’s how come !!!

    50. Locutus Says:

      Let them go, they will be replaced. We need to stop rewarding people for spending money (credit)they dont have anyways. People that save should be rewarded.

    51. Confused Says:

      So somebody explain this to me. Say I am using a bank that is in “trouble” so much that they need to borrow money to keep their doors open, shouldnt I be able to know something about this? I think that the SEC should at the least investigate because if I am investing in such a venture there is not full disclosure in the information. Isnt that illegal?

    52. Robert Henry Says:

      So they can gamble with the bailout money plus manipulate the markets to their satisfaction then keep it all secret as well?
      What a sick joke, also known as having it ALL WAYS!
      However, the game is pretty much over when all they have left to sell is FEAR!
      Cheers!

    53. 23skidoo Says:

      It has become increasingly obvious the disdain these people hold for us. They just need us to line their pockets. These people are not patriots and they do not love you. They don not even like you. I think its getting closer to the time to go paris 1789 on these bitches and show them what the people really think.

    54. Mark The True Patriot Says:

      I would like to get the attention of RON PAUL and ALEX JONES
      A new law needs to be made which can effectively cause division within the federal government
      Anyone working for government with any real power should be taxed 3 times as high
      In other words Presidents judges senators congressmen govenors people in military over the rank of colonel all CIA,FBI,BTF,EPA and Fema people all county commisioners and they should not be allowed deductions
      In this way the more they steal the poorer they get and someone will always be looking to turn someone in

    55. American Patriot Says:

      Just make sure you all get your asses to Washington on September 12th and 13th for the March on Washington.

      I cant freaken wait……………………….

    56. Ayn Rand Says:

      Tough s--- for them! THe bill is going to pass: http://linkthe.com/2009/08/28/.....this-fall/ – their own people have spoken. Hallelujah!

    57. Thomas D Dowling Says:

      Attorney General Eric H. Holder Jr.,

      How long will you allow government corruption and complete disregard for our beloved U.S. Constitution to go on? Do your Job!

      “Few men have virtue to withstand the highest bidder.” –George Washington

      Remember Integrity, Honesty and Truthfulness! Why have our standards been lowered so far down to current embarrassing levels? “We the People” know this big push on the Health Care issue is only about more government Power and Control!

      “We the People” control our government!

      “When the people fear their government, there is tyranny; when the government fears the people, there is liberty.” –Thomas Jefferson

      We need to clean our great U.S.A. of ALL Cowards and TRAITORS to our beloved Constitution. Nobody is above the Law! All law starts with the U.S. Constitution! Any government employee that works for “We the People” and tramples over our great Constitution is guilty of Treason against all the People of the United States of America!

      Remember the oath of office you and all our government employees took:

      To protect the Constitution of the United States of America against ALL enemies Foreign and Domestic!

      This is the same oath of office all our military personal have taken:

      To protect the Constitution of the United States of America against ALL enemies Foreign and Domestic!

      Our Country’s biggest enemy attacks from within!

      “We The People are the rightful masters of both Congress and the courts, not to overthrow the Constitution but to overthrow the men who pervert the Constitution.” –Abraham Lincoln

      We need laws stating that any Representative, Senator or President that has the audacity to sign any bill without reading it and fully understanding it should go immediately to jail without any bond? We must raise the bar of Integrity and Honor for our employees! Elected or appointed “public servants” need to achieve a much higher standard. How did it get so low? If they are found guilty, a 30 year minimum sentences would not be out of line! This complete lack of responsibility is a very serious issue! It’s totally scandalous, outrages and just plain wrong! It’s Criminal!

      If any Law enforcement agency or Federal Prosecutor does not do their job and start investigating (easy job), filing indictments and prosecuting, than they are guilty of Treason too!

      The only real financial crisis of the U.S.A. is hiding in the audit of “The Fed Scam”!

      We want to know the rest of the truth now! Who helped Ben Bernanke embezzle our money? Who is Involved and how many? How long has this been going on for? Where is our money? How do we get it back? The Nations four largest banks Citibank, J P Morgan, Wells Fargo, and Bank of America are owned by the same thieves that own The Fed Scam!

      America is Awake! We know we are being sacked and looted! Why is our government secretly moving OUR money to the IMF? Remember our National Sovereignty!

      The Rockefeller / JP Morgan gang and others declared WAR on the United States of America many years ago! This Criminal Banking Cartel gang are riding around in OUR Limousines and flying in OUR Gulf Streams and living in Our Mansions! Everything this gang has, they stole from We the People! Not only that, but they want to “Lord it over U.S.” They want to control U.S.! They spend OUR MONEY! We want it all BACK NOW! With Interest!

      http://www.tomdavidd.com/blog/

      “We can all commiserate forever about how bad things have been, are, and will continue to be. But I don’t think that we can afford to wait for elections in order to have our say about putting a stop to this madness. Enough, already! Let’s start talking treason, prison, and death penalties for all malefactors in government who subvert, ignore, skirt and otherwise trash the Constitution of these United States of America. Those who have sworn to uphold the Constitution and have then ignored their oaths of office are guilty of perjury and malfeasance in office.” –Stephen A. Langford (personal communication to this author)

    58. Sar4Life Says:

      “Racketeering 101: Bailed Out Banks Threaten Systemic Collapse If Fed Discloses Information ”

      gee… ya think??

    59. kally Says:

      In this last 2 weeks i have seen what seems to be deliberate attempts to hijack discussions and take away from the article. Not just on this site, but many others.

      I’m glad the pdf was posted – it makes sense in a way…in the way that they know that their money isn’t real and banks are not being run as REAL businesses because they have an imaginary product. It is only real as long as we believe it is real.

    60. Dunagan Says:

      They must have a lot of s--- to hide. Audit the fed, and actually arrest more than just one enron.
      Criminals are easy to replace :)

      Better yet: terminate the FED and print green backs

      They can only get out of prison early if there is no further assassinations.

    61. bdub Says:

      There is no such thing as to big to fail. If one bank is wack we take our money to one that is solvent. The insolvent bank then dies, but the system is still intact. Why is this so tough for someone doing me to understand? Oh I know, it feels too frikin’ good. I say LET THEM FAIL…It will put fear into others and make a vaccum which will allow others to start up their own bank. THAT is how it works. Some do get hurt, but the system stays as stated transparent and solvent.

    62. Bobbipin Says:

      Oh, they all think they have so much time left. Don’t they?

    63. ABADDON Says:

      Bombs blow up Athens stock exchange. Is this the beginning of people now taking retribution on the financiers who they believe are responsible for the global financial crisis? Are there going to be more responses around the world to the money men who have impoverished billions of people through their outrageous greed. It is a foregone conclusion that this would happen. Assassinations, kidnappings, are going to be commonplace for the rich, and those politicians who have supported them. We are going into an abyss of desperation that will, and already is, driving people to take revenge on those bankers who have sacrificed millions of people’s for profit. More and more people are waking up to the reality and corruption of those who are responsible for wars, poverty, enslavement of nations through these bankers control of the world wide money supply. It is inevitable that these financiers lives are now in jeopardy, and the near future will reveal more and more of these money men being eliminated.