The month of January 2011 exploded with change and controversy in Egypt. Wikileaks data are used by free press reporters, to provide a true free web press news. The events in Egypt and Wikileaks are waves with clear impact upon this world, surf them at FreeWebPress.com - ride the link to FreeWebPress2011.
Another developing story that deserves much attention is a takeover of the housing industry by a new cartel in California. The California housing market, ripe for picking, became dysfunctional when a few big banks cut deals to continue in business, aka "TARP" in 2008. Now they are in complete control of the California housing market. These banks are a colluded real estate monopoly, by creating a small group of cohorts, with whom they maintain control over the housing market. This is a true California housing cartel, they have dis-possessed housing victims from the 2008 Wall Street Tarp Loan Fraud scheme. After Wall street and the big banks created and implemented their bogus financial products, they saved themselves with TARP.. These badly misrepresented financial products then became a platform, so the same big banks formed a cartel to profit even more, and now they plunder from home owners and bond investors whom were already defrauded once when they bought bogus, fraudulent, financial products from these banks. Ask yourself this simple question. If a true disclosure had been made about the real risk of the home loan products created and sold by banks and Wall Street... what bond investor or home loan borrower would have risked buying them? The banks and Wall Street new these risks, they plotted to enrich themselves at the expense of many. Unlike a doctor, a car maker, or anyone else, the banking industry did not suffer a product or service liability from their bogus loan products. If these banks were held liable for the harm they did, they would be out of business and competition would now own their assets. Instead a few big banks colluded with lawmakers and politicians, to be protected from crimes they do. Now they are thugs, rooting and plundering our nation.
The Mike Jaeger Live blog, in February, will provide updated failed bank data that confirms the 25 year consolidation of FDIC insured banking into a small banking cartel. This trend accelerated from 2009 through 2010 with no interference by regulators. Sacked by Sachs... Washington officials are appointing and surrounding themselves with Goldman / Harvard / Princeton / Yale grown family members, whom seem to consider themselves the only true owners of America, with all other Americans viewed as their employees, servants, or slaves. LOL - 2012 draws near, and so then, who will miss the crooked banks and their colluded government officials when they are brought down? - Not me.
Mike Jaeger Live blogforming
