TV News LIES

Wednesday, Dec 17th

Last update05:44:54 AM GMT

You are here News Editorials The $200 billion bail-out for predator banks and Spitzer charges are intimately linked

The $200 billion bail-out for predator banks and Spitzer charges are intimately linked

E-mail Print PDF

Indeed, the feds actually filed a lawsuit to block Spitzer’s investigation of ugly racial mortgage steering. Bush’s banking buddies were especially steamed that Spitzer hammered bank practices across the nation using New York State laws.

Spitzer not only took on Countrywide, he took on their predatory enablers in the investment banking community. Behind Countrywide was the Mother Shark, its funder and now owner, Bank of America. Others joined the sharkfest: Goldman Sachs, Merrill Lynch and Citigroup’s Citibank made mortgage usury their major profit centers. They did this through a bit of financial legerdemain called “securitization.”

More... 


Most Recent Related Stories...


The Rank, Reeking Horror of Torturing Some Folks

Gitmo prisoners"Let me put it plainly: these people do not belong on my television. They belong in...

Bob Alexander: Greetings From Planet VeeGah

vegan dietIt’s been over a month since we watched Cowspiracy: The Sustainability Secret and turned ourselves into...

Alex Baer: Digging Deeper into the Cosmic Stuffing

sad turkeyAtheists, agnostics, and religionists can all agree on at least one thing at Thanksgiving: The staggering,...

Alex Baer: Aping Nuclear Wisdom with Monkey Business

monkey nuclearThe fun thing about humanity is that there's always something brand new to deliver ground-breaking terrors...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!