TV News LIES

Wednesday, Mar 29th

Last update05:20:13 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...


Maureen Dowd: Donald, This I Will Tell You

Maureen DowdDear Donald,We’ve known each other a long time, so I think I can be blunt.You know...

I Am a Member of the Muslim Brotherhood, Not a Terrorist

I am not a terroristI write this from the darkness of solitary confinement in Egypt’s most notorious prison, where I...

Bruce Enberg: The End of the World

The End of the WorldIn case you missed it the other day, Senators of the Intelligence Committee Chairman Chuck Grassley...

Mr. President: ‘Just who the hell do you think you are?’

Leonard Pitts, Jr. Dear Mr. So-Called President:So let me explain to you how this works.You were elected as chief...
 
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!