March 21, 2009
Simon Johnson, in an article posted on the RGE Monitor site, notes that the “CEOs of major banks have started to push back against the critics” and cites Richard Kovacevich, chair of Wells Fargo. Johnson mentions the “banking industry’s thought leader,” Jamie Dimon, who declares “that unless we stop vilifying corporate leaders… we will not get an economic recovery.”
Sounds like blackmail to me.
Mr. Johnson tells us the banking CEOs and “thinkers” want us to “move on,” in other words forget about holding the culprits (like Vikram Pandit at Citi) responsible or for that matter even vilifying them too harshly and simply move down the long and winding road with the process of looting the American taxpayer and his children and his children’s children, lest there be bankruptcy and a creeping cancer that spreads over the body of the private sector.
I don’t claim to know anything about banking and economics, but I do know something else when I see it — treason.
[efoods]As Irish Transport Minister Noel Dempsey said earlier this month, the bankers have used the economy as “their own personal piggy bank,” amounting to reckless endangerment. The damage done to Ireland by bankers was comparable only to Cromwell, said Dempsey. He deemed it “economic treason.”
It’s pretty much the same situation on this side of the pond, only worse. Bad debt infecting the entire economy is a greedy and immoral scam devised by the bankers as they went about extending dubious loans to the four corners and then repackaging these questionable loans as investments and selling them down the line to other institutions, thus spreading the disease. It was all about making as much money in as possible in a high-risk shell game. And when it blew up the bankers arrogantly demanded the taxpayers pick up the stupendous tab otherwise we’d all suffer a mega-depression.
A case may be made that this sort of greediness was encouraged and fostered by the international bankers for the purpose of wrecking the economy so they might buy everything up for pennies on the dollar and consolidate their wealth and sell us into slavery. History is replete with this sort of infamy and high treason.
It’s time we hold this execrable swine accountable under Article III, Section 3 of the U.S. Constitution covering treason. The bankers have levied (economic) war against us and have adhered to our enemies, the international foreign bankers, and have given them Aid and Comfort. “The Congress shall have power to declare the Punishment of Treason, but no Attainder of Treason shall work Corruption of Blood, or Forfeiture except during the Life of the Person attainted,” wrote the framers.
In an email sent here it was suggested as well we send out the military to capture the chiefs of the international banks headquartered in England, France, Germany, and raid the small islands where they do business.
If we can get the country and the military back, I am all for it.
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