Now Banks Can Legally Steal Retirement Accounts

Aug 21, 2012 | Posted by: Mr_Bill | Full story: www.beaconequity.com

Financial institutions have suddenly taken precedence over segregated customer funds, including their largest customers of all—pension funds

"If you don't understand what 'get the hell out' means, there's not much I can do for you," Ann Barnhardt passionately told blogger Warren Pollock, as she warned viewers of systemic failure in the U.S. financial system, as well as the certainty that American savers will be robbed of their retirement, brokerage and savings accounts in the process.

(Thank you Kahoki)

Comments

Showing posts 1 - 12 of12

“Open your eyes”

Since: Sep 09

Central Florida

|
Report Abuse
|
Judge it!
|
#1
Aug 21, 2012
 

Judged:

3

3

2

So when you hear about how these cities are going bankrupt, this is the reason why. Cities, Counties, States invested their tax surpluses into Wall Street Cedit Default Swaps and other securities like that since rating agencies gave these securities AAA ratings (you know the same ratings as government debt). And they kept these surplus investments off of the books of the budgets.

While at the same time, these banks were placing short positions against these securities. Perfect example is Goldman Sacks who admitted internally that these securities were "shit" and were still pushing for cities and counties to put their pension funds into these securities. Complete fraud is what this is.

Coincidently, the other day, the DOJ dropped all charges of Fraud against Goldman Sacks due to a lack of evidence. Even though it was admitted to Congress what they were doing.

MF Global is another. John Corzine goes infront of Congress and tells them he does not know where the $1.6B in lost segregated accounts has gone. Well, the money has been found. Where? JP Morgan London. And those people that lost their money from the segrgated accounts, if luck, they may get 25% of it back.

As gerald Celente says, "Justice is spelled wrong. It should be spelled Just Us." Because that is the only people all laws apply too. Just us, not the so called "honorable" guys like John Corzine.
xnutmegger

Phoenix, AZ

|
Report Abuse
|
Judge it!
|
#2
Aug 21, 2012
 

Judged:

2

2

2

As long as people walk free as did Jon Corzinne the crimes will continue.

This game started when Glass-Steagal was repealed in 1999.

The main drivers of the repeal were Dem Robert Rubin and GOPer Phil Gramm.

Clinton signed it into law.
Halito

Winnemucca, NV

|
Report Abuse
|
Judge it!
|
#3
Aug 21, 2012
 

Judged:

1

1

1

Are some steal in the corp of discovery? When did surveying start in the US?
Halito

Winnemucca, NV

|
Report Abuse
|
Judge it!
|
#4
Aug 21, 2012
 
Can the Chief only steal when preparing a Feast?
Phenom

San Mateo, CA

|
Report Abuse
|
Judge it!
|
#5
Aug 21, 2012
 
Great....... more good news........ = (
Sheik Yerbouti

Doylestown, PA

|
Report Abuse
|
Judge it!
|
#6
Aug 21, 2012
 

Judged:

1

1

1

Just how much lower can these wall street sociopaths go? They will steal anything that isn't nailed down! It is time to put some teeth in our laws dealing with economic crimes. Give these sociopaths life without parole in a tough prison!
Cracker

House Springs, MO

|
Report Abuse
|
Judge it!
|
#8
Aug 21, 2012
 
I think Media Matters Suck ...
Gravediggers

Boynton Beach, FL

|
Report Abuse
|
Judge it!
|
#10
Aug 21, 2012
 
Corzine!
Debt Hold The

Noblesville, IN

|
Report Abuse
|
Judge it!
|
#11
Aug 21, 2012
 

Judged:

1

1

Halito wrote:
Are some steal in the corp of discovery? When did surveying start in the US?
thinkin Discoveree card pay to recovery eggco!;-000h, ira vs irs;-0
Debt Hold The

Noblesville, IN

|
Report Abuse
|
Judge it!
|
#12
Aug 21, 2012
 

Judged:

1

1

Halito wrote:
Can the Chief only steal when preparing a Feast?
the chief no steal it"s free turkee4thxgiver;-000h, Nov, 2day 2012 cash yo vote;)))))))

Since: May 11

Location hidden

|
Report Abuse
|
Judge it!
|
#15
Aug 22, 2012
 

Judged:

1

xnutmegger wrote:
As long as people walk free as did Jon Corzinne the crimes will continue.
This game started when Glass-Steagal was repealed in 1999.
The main drivers of the repeal were Dem Robert Rubin and GOPer Phil Gramm.
Clinton signed it into law.
You still don't get it, do you? It no longer matters what side of the net politicians play on. It's still the same court and they are NOT on the side of the people.

I've said it all along, the retirement fund plan in America is set up to scam people out of their money. If we don't wake up as a collective group of citizens and stop playing the finger-pointy game, we will ALL end up losing. You want lay blame...blame each and every one of them in Washington...past, present, future. They've all helped bring us to the unpleasant place we are right now.
Questioner

Rising Star, TX

|
Report Abuse
|
Judge it!
|
#16
Aug 22, 2012
 

Judged:

1

This is a great legal ruling for Creditors and private equity companies (like Bain). The will enjoy your retirement funds ... if your company goes bankrupt!

Tell me when this thread is updated: (Registration is not required)

Add to my Tracker Send me an email

Showing posts 1 - 12 of12
Type in your comments below
Name
(appears on your post)
Comments
Characters left: 4000
Type the numbers you see in the image on the right:

Please note by clicking on "Post Comment" you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Other Recent US Energy Systems Discussions

Search the US Energy Systems Forum:
Topic Updated Last By Comments
Ex-Osama bin Laden ally turns informant Apr 16 indy 1
FDA Looks Ahead to Withdrawal of Nonprescriptio... (Oct '09) Sep '13 Aldous 5
Video: GOP Sen. Enzi: Obamacare "is failing" (Jul '13) Jul '13 Your Ex 28
Invasive seaweed spreads along New England coast (Dec '12) Jun '13 Campus Bubble 3
Report says Pfizer may try to market OTC Lipitor (Aug '11) May '13 Camden 11
Plans to export US natural gas stir debate (May '13) May '13 feeling safe these days 1
Power outage time after Sandy not extraordinary (Nov '12) Nov '12 fukuda 1
•••
•••
•••
•••