You are SO generous. Thank your congresspeople. They represent you.

Michael Hudson explains why the banks are buying up the junk mortgages. It's because the whole thing is a wink and a nod, and we will be left holding the bag of course. What else is new?

Cutting to the chase:

The more the banks holding junk mortgages pay for this toxic waste, the more the government [that means US] will pay as part of its 85 per cent. So the strategy is to overpay, overpay, and overpay. Paying 15 per cent is a small price to pay for getting the government [US] to put in 85 per cent to take the most toxic waste off your books.

But how can they get away with this? It's an outrage. SURELY congress will not let this stand!?! (Snort.) Here's Mike Whitney asking some silly questions: I don't know. Maybe he's joking. I always thought he had a better handle on things.

How is it that industry rep Geithner couldn't see that his latest round of corporate welfare would create incentives for the bank scoundrels to game the system again? [Actually, he can see that. That is the WHOLE POINT.] Naturally, if the government goes into the business of buying crap-loans from teetering financial institutions, the speculators and snake oil salesmen will follow. And so they have. Citi and B of A are just the first to respond to Geithner's pigwhistle. Next will be the hedgies and the Private Equity porkers, all nuzzling up to the Treasury's feedbin. [Yes, naturally. Exactly as intended.]

[snip]

Prediction: If [WHEN] Geithner is granted these special powers by the braindead Congress, the country will undergo the greatest period of bank consolidation in its 230 year history. [AS INTENDED] This is a blatant power grab by a shifty character [REPRESENTING THE NWO] who has risen to his present pay-grade by nosing his way up the political stepladder [AND DOING WHAT HE'S TOLD, AND HAVING THAT STUPID 'INNOCENT' LOOK ON HIS FACE]. Congress had better get its act together and put an end to this nonsense [HAH HHA HAHAHA! THEY'RE PAID OFF TO PLAY MAN, JUST LIKE TINY TIM] or the nation will continue its fast-paced metamorphosis into a feudal oligarchy run by the Bank Mafia and Wall Street racketeers. [YEAH. THAT IS THE GOAL.] The first step, is to give Geithner, Summers and any other of the Rubin-clones a full-body bacon-rub followed by a few brisk dunks in the shark tank. Then, hose down Treasury and bring in a whole new team. [SOUNDS GREAT. NO CONNECTION TO REALITY HOWEVER.]

Congress is not going to do shit to stop this. It will all go down because they're all in on the game. Whether they are bought off or threatened doesn't matter anymore. If anything were going to be different, we would have already seen many high profile people hauled off to jail in front of teevee cameras. Somehow I missed that news cycle. It didn't happen. So many people belong in jail -- basically the entire ruling class -- that none of the dominoes can be allowed to fall. And that's why this keeps going on and on, and we keep paying and paying. These people are all corrupt to the bone. Again, whether they started out that way or got sucked in incrementally makes no difference to me. People justify things to themselves all the time. Maybe they told themselves they could do some good with the power we invested them. Maybe they wanted to "help people." Maybe they thought looking the other way was the price they had to pay to bring the bacon home to the district. I do not know, and I do not care, because they've done nothing but screw us in the end. They can all rot in hell, along with their masters.

It should come as no surprise that Zionists exercise great control on the availability of money through their control of the central banks and are thereby in a position to control the legislations that get passed in the various governments. It all goes back to Amschel Rothschild’s comment about controlling a nation’s money supply.

This is the essence of the beast and the lever of control. You don’t need hidden nukes or Samson options. This is what is happening and this is why the bank bailouts are taking place to ensure a greater consolidation and control of the destiny of planet Earth.

Man cannot serve two masters. They made their pick. What is yours? As this goes down, don't say "I have no choice." We always have a choice. It may not be pleasant, this is true, but nobody promised us a lifetime of pleasant choices; and if they did, you should have known better.