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Report: The NY Fed Has Been Quietly Bailing Out Bank of America?

Feb. 18, 2013 11:11am Becket Adams

The New York Times Reports the New York Fed Has Been Quietly Shielding & Bailing Out Bank of America

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Remember back in 2008 when the U.S. government decided unilaterally to bail out the “too big to fail” banks with your tax dollars?

Remember how upset many were?

Well, it looks like they still have cause to be angry: The New York Federal Reserve has been quietly protecting Bank of America (BofA) from any liability while giving away billions in potential legal claims, according to a recent New York Times article.

From the NYT:

That the New York Fed would shower favors on a big financial institution may not surprise. It has long shielded large banks from assertive regulation and increased capital requirements.

Still, last week’s details of the undisclosed settlement between the New York Fed and Bank of America are remarkable. Not only do the filings show the New York Fed helping to thwart another institution’s fraud case against the bank, they also reveal that the New York Fed agreed to give away what may be billions of dollars in potential legal claims.

The article goes on to explain how the New York Fed has protected BofA from claims brought against it by people affected by the back’s toxic mortgage holdings.

“The New York Fed, which oversaw a company called Maiden Lane II, which had the right to sue Bank of America over those holdings, could have reaped billions of dollars for taxpayers in claims. Instead they let them off the hook for almost nothing,” Gawker’s Max Rivlin-Nadler notes.

Basically, the New York Fed has absolved BofA of its role in the financial crisis, shooing away anyone trying to recoup their losses from the 2008 meltdown.

The Fed’s action “underscores that the more we learn about these bailouts, gifts and advantages that Wall Street gets, the clearer it becomes that one set of rules applies to the largest megabanks and another set of rules to the smaller financial institutions and the rest of the country,” Sen. Sherrod Brown (D-Ohio) told the NYT.

So, yeah, as Rivlin-Nadler notes, the bank bailouts never stopped. They’re just not voted on anymore.

Click here to read the full report.

–

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Comments (58)

USA5
Posted on February 18, 2013 at 9:06pm
So is this…obama fault?
We should start a list, just to be fair.

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- BarbRah
  Posted on February 19, 2013 at 9:10am
  Yes, it is Oblubber’s fault. That’s the way it worked when Bush was in office!
  
  Report this comment
American-first
Posted on February 18, 2013 at 5:06pm
BOA doesn’t like American Gun business’s, now the reason is out!

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media-bias-steals-elections
Posted on February 18, 2013 at 5:06pm
The Russians have licensed anti-missile tech to Brazil, which is in no way related to economic behavior by the Fed? Isn’t that kind of close to Cuba?

There is not supposed to be a federal bank, Congress is supposed to print it without owing anyone interest, which is a big deal? By the way, what is happening to all the interest on the money they approved for the Stimulous, but have not spent? Who is getting rich off that?

If you are waiting for Rush Limbaugh to put guests on his shows so he can make the case for you, instead of you writing to Congress, and bugging their staff to no end, shame on you?

Rush Limbaugh found his working formula, he is not going to experiment with it, that’s your job?

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- Classical Liberal
  Posted on February 18, 2013 at 6:00pm
  The same goes for Glenn beck. If this sites audience is supposed to have red- pilled, how is this not the most discussed story?
  
  To many people care more about social issues than institutional corruption in our system. If even the average blaze user doesn’t give a rats ass about the federal reserves (criminal) actions, how the hell do we get the rest of America to demand reform?
  
  Report this comment
pduffy
Posted on February 18, 2013 at 3:21pm
It was the ‘fed’ (under the direction of Dodd/Frank), that caused this mess in the first place. To blame the BofA is foolish. They were FORCED into the bad lending practises that led to the collapse, so they are just acting as you would expect – those that caused it can also ‘fix’ it – the government that was behind the bank disaster set by ‘fed’ lending policy that was introduced by LIBERALS. If the banks were left alone to lend to CREDIT WORTHY buyers, this fiasco would have never happened. GOVERNMENT IS THE PROBLEM.

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- changedone
  Posted on February 18, 2013 at 4:31pm
  Yep, and Obama was one of the people who trained SEIU members on how to force them to issue subprime mortgages.
  
  Report this comment
KidCharlemagne
Posted on February 18, 2013 at 2:20pm
“The mischief springs from the power which the moneyed interest derives from a paper currency which they are able to control, from the multitude of corporations with exclusive privileges which they have succeeded in obtaining in the different States, and which are employed altogether for their benefit; and unless you become more watchful in your States and check this spirit of monopoly and thirst for exclusive privileges you will in the end find that the most important powers of Government have been given or bartered away, and the control over your dearest interests has passed into the hands of these corporations.”
-President Andrew Jackson, Farewell Address, March 4, 1837

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- michaelmoron
  Posted on February 18, 2013 at 2:50pm
  Last September, I made this post:
  
  ProbIemSoIver
  Posted on September 19, 2012 at 7:46pm
  The Debt is exactly why most have to work 60 hrs. per week now, instead of 40. Debt is the reason
  2 spouses must work and grown-ups are still living with their parents. Debt is the reason three 40-year old guys have to share a house.
  
  I am not talking about personal debt. I am talking about inflation. I am talking about a fiat currency.
  I am talking about the PRIVATE BANK seizing America and Americans in 1933 due to a DEBT !!!!!!
  
  Here is a 3 minute classic clip that explains this.
  As a matter of fact the second person in this clip is Rand’s Uncle, Wayne.
  Ron Paul’s Brother would not discredit the family by saying something like this if it wasn’t true.
  And Ron knows he would end up like JFK, if he said it.
  http://www.youtube.com/watch?v=IlCs7u1ihws
  
  Here is Executive Order 11110 that JFK signed 5 months before he was bumped.
  http://www.youtube.com/watch?v=ggADLt4s4pM
  
  Fu@k the GLOBAL ELITE !!!!!!
  
  Andrew Jacksons greatest personal accomplishment was killing America’s Second Central Private Bank
  I will continue to do what I can to kill America’s Third Central Bank – The FEDERAL RESERVE PRIVATE BANK.
  
  See you in #e!!
  
  Report this comment
- michaelmoron
  Posted on February 18, 2013 at 2:59pm
  @KIDCHALEMAGNE
  
  After I made that post in September you relied with this:
  
  KidCharlemagne
  Posted on September 19, 2012 at 11:15pm
  “Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves.”
  
  – Andrew Jackson
  
  I thank you for that very important quote, and in turn, will share with you and others, my favorite page of VERY IMPORTANT quotes.
  http://www.empowernetwork.com/gregorytrombley/blog/jfk-secret-society-speech-warned/
  
  Report this comment
- KidCharlemagne
  Posted on February 18, 2013 at 5:55pm
  michaelmoron
  Posted on February 18, 2013 at 2:59pm
  
  @KIDCHALEMAGNE
  After I made that post in September you relied with this:
  ========================
  
  Thanks for jogging the memory banks there, michaelmoron….
  
  Revisionist historians continually attempt to portray Andrew Jackson as a barbarian simpleton……however, he was a stout believer in the majority of the philosophies of Washington, Jefferson, and Madison and was largely committed to defending them throughout his lifetime.
  
  Report this comment
michaelmoron
Posted on February 18, 2013 at 1:41pm
JFK had a simple solution to all of this madness.

Executive Order #11110 is why he was assasinated

http://www.youtube.com/watch?v=qYVCIdrcS6k.

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- JRook
  Posted on February 18, 2013 at 2:44pm
  Along with his executive order to reduce the power of the CIA and military this is an example of an individual who really wanted to change things and make a difference. And people really believe one guy acting alone was responsible for his assassination? Of course the wealthy interests behind the federal reserve and the military would never consider killing the PRESIDENT.
  
  Report this comment
AUsername
Posted on February 18, 2013 at 1:29pm
so its clear to change things you have the take down the central banking system and its masters ok than, when folks are mad enough we need to direct their anger towards them.

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- AUsername
  Posted on February 18, 2013 at 1:37pm
  maybe all the so called conservative effort to bash Obama should be put towards the central bankers and the globalist and their NWO, if that is the case.
  
  Report this comment
- michaelmoron
  Posted on February 18, 2013 at 1:50pm
  @Ausername
  
  Those who have come to understand this real life matrix, are no longer fooled by the Elite’s Left/Right “Computer Program”.
  
  DemocRAT and RepubliCON Politicians are two wings of the same bird.
  
  Those of us who have gone down the Rabbit Hole, understand who is behind all of this.
  
  Here is a List
  
  1) The Rothschild Family – London
  
  2) The Rothschild Family – Berlin
  
  3) The Lazard Brothers – Paris
  
  4) Israel Seiff – Italy
  
  5) Kuhn-Loeb Company – Germany
  
  6) The Warburgs – Amsterdam
  
  7) The Warburgs – Hamburg
  
  8 ) Lehman Brothers – New York
  
  9) Goldman & Sachs – New York
  
  10) The Rockefeller Family – New York
  
  These people favor a Communistic form of Governance for their Corporation (The United Nations)
  This is why they favor the Leftists to further their Agenda.
  
  Report this comment
- The_Jerk
  Posted on February 18, 2013 at 2:18pm
  9/10 Jewish.
  
  Report this comment
wilbstal
Posted on February 18, 2013 at 12:47pm
This bank ahs been in trouble for years. How a stipid liberal outfit cand spend more than they take in is a wonder how and where they got their brains from,.. a pile of dirt

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- AbrahamsSheepdog
  Posted on February 18, 2013 at 1:07pm
  bag of ****.
  
  Report this comment
- suzykistaken
  Posted on February 18, 2013 at 6:28pm
  you hit that one on the nose
  
  Report this comment
michaelmoron
Posted on February 18, 2013 at 12:27pm
“Now I don’t know about you, but something is terribly wrong with this situation. Namely, don’t we live in AMERICA? If so, why are seven of the top ten stockholders located in FOREIGN countries? That’s 70%! To further convey how screwed-up this system is, Jim Marrs provides the following data in his phenomenal book, “Rule By Secrecy.

He says that the Federal Reserve Bank of New York, which undeniably controls the other eleven Federal Reserve branches, is essentially controlled by two financial institutions:

1) Chase-Manhattan (controlled by the Rockefellers) – 6,389,445 shares – 32.3%

2) Citbank – 4,051,851 shares – 20.5%

Thus, these two entities control nearly 53% of the New York Federal Reserve Bank. Doesn’t that boggle your mind? Now, considering how many trillions of dollars are involved here, and how the bankers are WAY above our “selected” officials in Washington, D.C., do you think the above-listed banks and families have an inordinate amount of say-so in how our country is being run? The answer is blindingly apparent.”

http://www.infowars.com/federal-reserve-banking-system/

~~~~~~~~~~~~~~~~~~~~~

“The real truth of the matter is that a financial element in the large centers has owned the government since the days of Andrew Jackson.”
– President FD Roosevelt (1933-1945)

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- The_Jerk
  Posted on February 18, 2013 at 12:37pm
  Why should our nation be borrowing money, with interest, to a private bank; enriching private citizens? This makes us their slaves.
  
  Report this comment
- michaelmoron
  Posted on February 18, 2013 at 12:43pm
  “When the Federal Reserve Act was passed, the people of these United States did not perceive that a world banking system was being set up here. A super-state controlled by international bankers and international industrialists acting together to enslave the world for their own pleasure. Every effort has been made by the Fed (Reserve) to conceal its powers but the truth is — the Fed has usurped the government!”
  – Congressman Louis McFadden, Chairman of House Comm. on Banking and Currency from 1920 to 1931
  
  “The Federal Reserve is one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this Nation is run by the international bankers.”
  – Congressman Louis T. McFadden
  
  After a few unsuccessful attempts, McFadden was eventually poisoned to death.
  
  Report this comment
- michaelmoron
  Posted on February 18, 2013 at 12:50pm
  @TheJerk
  
  Great minds think alike.
  
  “People who will not turn a shovel of dirt on the project, nor contribute a pound of material, will collect more money, from the United States, than will the people, who supply all the material and do all the work. This is the terrible thing about interest… But here is the point: If the nation can issue a dollar bond, it can also issue a dollar bill. The element that makes the bond good, makes the bill good, also. The difference, between the bond and the bill, is that the bond lets the money-broker collect twice the amount of the bond, and an additional 20%. Whereas the currency, the honest sort, provided by the Constitution, pays nobody, but those, who contribute in some useful way. It is absurd, to say that our country can issue bonds, and cannot issue currency. Both are promises to pay, but one fattens the usurer and the other helps the people.”
  – Thomas Edison
  
  The truth is, Most people are clueless as to what is going on.
  
  It is up to people like you and I, to educate them.
  
  Report this comment
- michaelmoron
  Posted on February 18, 2013 at 12:56pm
  @TheJerk
  
  Jackson was talking about America’s Second Central bank in this following quote sent to me by Kidcharlemagne in september:
  
  KidCharlemagne
  Posted on September 19, 2012 at 11:15pm
  
  “Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank (too big to fail). You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves.”
  
  – Andrew Jackson
  
  Andrew Jackson was one of the Elite’s greatest foes.
  
  They tried to assasinate him, unsuccessfully.
  
  On his tombstone, he has engraved:
  
  “I Killed the Bank”
  
  Report this comment
Mr Sanders
Posted on February 18, 2013 at 12:20pm
BofA?! Who would have thunk it?!

If the Federal Government wanted to own a bank [takeover] …. why not take the one where you don’t have to changes the name, or even, can offer accounts to people that don’t have a SSI#?!

This shouldn’t be a surprise to anyone in the know.

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gyro
Posted on February 18, 2013 at 12:12pm
It may be possable to control banking and credit if you colapse the sistem by backing up loans with nothing
What does the The NY Fed have for collateral ?

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- SocialistSlayer
  Posted on February 18, 2013 at 12:17pm
  A Printing Press !
  
  Report this comment
- michaelmoron
  Posted on February 18, 2013 at 12:30pm
  Yes the Federal Reserve PRIVATE BANK controls out TREASURY and MINT.
  
  This is a MUST SEE for ALL !!!!
  
  http://www.youtube.com/watch?v=ZPWH5TlbloU
  
  Report this comment
BlackCrow
Posted on February 18, 2013 at 12:07pm
Seeing as the Fed is owned by BoA and the other big banks where is the shock and surprise coming from? This sort of thing should be expected from this corrupt unconstitutional incestuous relationship between banks and the government.

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woodyee
Posted on February 18, 2013 at 11:59am
Sarc/On

I can tell you this isn’t true, because things like this only happened under Bush.
Bamaphone! Keep Obama in Presdnet, you know? He gave us a phone…”

Sarc/off

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Snowleopard {gallery of cat folks}
Posted on February 18, 2013 at 11:56am
More and more expansion of the corruption within the government; this will not end until either the nation is destroyed from within by the progressives or the corruption is rooted out once and for all.

How long will it be until we have all banks and credit unions federalized and then have one central bank controlled by the Fed’s for all financial transactions?

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- The_Jerk
  Posted on February 18, 2013 at 12:03pm
  That is the reason that the Central Banking system was set up. That is the reason that it forced, duped, America to participate in the worldly and majorly Jewish scam. The Rothschilds, like Soros, did not keep it a secret.
  “The man who controls Britain’s money supply controls the British Empire, and I control the British money supply.”
  
  Report this comment
barber2
Posted on February 18, 2013 at 11:53am
Is this why Bank of America bought out the Democrats’ CountryWide , the lender for all of those ACORN pushed home loans to ” poor, discriminated against minorities ?” Everyone was asking why the heck would Bank of America decide to make such an expensive, stupid economic move . Ah, the Democrats and their use of the Discrimination Card : ruining America one bad policy after another. One shady, ” non-transparent” deal behind closed doors. TIME FOR ANOTHER INVESTIGATION. Any Republicans willing to stand up and expose the purposeful destruction of our economy by these radical Left Democrats ?? Oh, let me guess….

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- The_Jerk
  Posted on February 18, 2013 at 12:07pm
  It is to make banking more centralized. A few banks can be controlled. Many banks makes it more difficult. Centralized power is the end game. It’s in the Jewish communist, Marx’s, Manifesto. Better read it. If you are lazy, go straight to chapter 2.
  
  Report this comment
- gyro
  Posted on February 18, 2013 at 12:08pm
  no
  
  Report this comment
- Evil Bert
  Posted on February 18, 2013 at 12:29pm
  Bank of America (BANA) bought CountryWide (CFC) just prior to 2008 and the mortgage meltdown. Most of those toxic assets by CFC were hidden, not just from investors, but from BANA as well. It wasn’t until the deal went through that BANA discovered the crap storm of toxic assets. BANA at that time never lowered their lending standards. BANA inherited them. Then to boot, Ken Louis (Former CEO) had been trying to buy Merrill Lynch (ML) for some time. It wasn’t until the crisis occurred that allowed BANA to buy ML making BANA the largest private financial institution in the world by assets. Next to the Fed, BANA is a type of central bank. 1.5 out of every 2 people in America do business with BANA.
  
  ML and CFC no longer exist as entities. The lawsuits are against BANA as a matter of necessity and not that BANA did anything wrong themselves.
  
  Think of it this way. You buy a house. But the person who sold it to you, had built a guest house 5 feet into your neighbor’s property. Your neighbor wants you to move it and you didn’t do anything wrong. Who is he going to sue to have it removed? The former owner? Of course not. There is no recourse for that. He has to sue you.
  
  All you people do is just like the liberal media, you fail to learn the history and facts, then jump in and bash a company. Life is not fair. BANA is not the only one getting bailed out. Read the facts folks. You guys all worship Glenn Beck who does his homework, yet you people can
  
  Report this comment
- barber2
  Posted on February 18, 2013 at 8:13pm
  EVIL: CountryWide was well known for making Liar Loans and bad loans. If B of A didn’t know, as you claim, they would have to be the dumbest most out-of-touch bankers in the world or else they had not done a goos jib of their own responsibility for due diligence ! Ridiculous . This whole thing has stink and ” deal ” all over it !
  
  Report this comment
Planada Conservative
Posted on February 18, 2013 at 11:50am
As usual, the press has falsely portrayed a very complex issue as a freebie to a hated institution. Here are the salient points:

1. BofA bought Countrywide through an asset purchase agreement, and assumed none of the liabilities.

2. BofA has, and continues to pay claims against Countrywide that it does not owe.

3. If Countrywide were allowed to go bankrupt creditors would have received absolutely nothing.

4. BofA seemingly is paying these claims as penance for past sins and too big to fail bailouts.

At the end of the day I disagree with what the government did to bail out these institutions, but it happened. It’s time to move on. The government will continue to extract it’s pound of flesh from TBTF banks while insuring they remain solvent. Additionally, we will never know whether or not the government pressured (forced really) all these institutions to take over those failing businesses.

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- The_Jerk
  Posted on February 18, 2013 at 11:59am
  Yes they did. Henry Paulson led the meeting. It’s where he sold his soul to the devil and reversed years of his principled stand on no government involvement.
  
  Report this comment
- DarthMims
  Posted on February 18, 2013 at 12:24pm
  These too big to fail banks must be kept in check. The details that have come out about HSBC funding terrorists and laundering money for Mexican drug cartels shows a greater need for scrutiny on these banks, if not a breakup of their holdings. Are we really supposed to believe that BoA isn’t involved in the same kind of dealings that HSBC is? And why were executives of neither prosecuted? I guess if the Fed has such a huge stake in these banks staying in business, then the question is answered.
  
  Report this comment
Stoic one
Posted on February 18, 2013 at 11:49am
Considering the fed has been dumping billions into the EU for the past couple of years, this is really no surprise. Eventually people will realize that INFORMATION, not just Facebook, is available on the internet; hopefully the masses will understand this before it is too late.

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RodT82721
Posted on February 18, 2013 at 11:41am
Everything the government touches turns to crap. Always has and always will.
We elect rock stars to represent us in our governments, and like most rock stars, most that get elected are ignorant about anything but greasing their own skids. That they do well.

This bank bail-out was always going to be a failure.
Paying anyone for failure never turns out well, with the government, the tax payers have to foot the bill, while having little or no say in the matter.
Obama saved his UAW with $50 Billion of tax payers money, but now travels the Nation crowing of his great achievement. Never mentioning it was the tax payers that bailed out his favorite union, all he did was managed to bend enough laws to make it possible.
IMHO we have the most corrupt government in my lifetime of over 70 years.

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- naughtycal
  Posted on February 18, 2013 at 11:48am
  It’s time for the people being bilked for trillions (aka tax payers) from this fractual banking system to public audit every single branch and the centeral hub of the federal reserve.
  Write your congressman and demand the books be oen and all information be made public.
  
  Report this comment
- The_Jerk
  Posted on February 18, 2013 at 11:54am
  Christ threw the Jewish money changers out of the Temple. Time we do the same. Get out of their Central Banking money scam.
  
  Report this comment
- objectivetruth
  Posted on February 18, 2013 at 12:09pm
  Actually the results of audits can be found on the treasury website.Not all of them.Most definitely not all the names connected to them.This is where freedom of information act comes in.Part of this problem came with the repeal of the glass steagull act.It was replaced with the Gramm–Leach–Bliley Act
  http://bizfinance.about.com/od/smallbusinessissues/a/Glass-Steagall-Act.htm
  http://www.counterpunch.org/2008/09/19/shattering-the-glass-steagall-act/
  The links are to the history of the glass steagull act and the fiasco that followed its repeal.Leading up to the meltdown in 2008.Believe it or not the frank dodd act was to stop the run away train of the gramm leach bliley act.That however from me is a topic for another day.Sorry I dont’ have much time to cite sources today.Not to be rude just time constrained.
  
  Report this comment
thibx
Posted on February 18, 2013 at 11:36am
corrupt evil people run everything in this country. the nation that forgets God will be turned into hell. we see more and more of it everyday. greece and spain will look good in our eyes if things don’t change.

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Cavallo
Posted on February 18, 2013 at 11:30am
Nooooooo.. surely not!.. is anyone really surprised at this?

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civilwarcometh
Posted on February 18, 2013 at 11:27am
Only way for America to be a free nation again will take nothing short of a Revolution….http://weaselzippers.us/2013/02/18/chicago-chief-of-police-says-legal-gun-owners-are-corrupt-and-endanger-public-safety/

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- civilwarcometh
  Posted on February 18, 2013 at 11:55am
  Now NY want’s to round up mentally ill and have a list of most wanted. This country is so screwed…http://www.nypost.com/p/news/local/scoop_the_nuts_TujGFMPDFLCfDgxDqmjHIL
  
  Report this comment
Gonzo
Posted on February 18, 2013 at 11:23am
I wonder how much of that bailout money goes to BoA executive bonuses?

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- right field
  Posted on February 18, 2013 at 11:54am
  New York Slimes – Typical Marxist MSM “hit piece” on banks – This is just another attempt to distract from the truth – TARP + Big Banks fear of Federal Govt. = Fed Government sponsored bail-out of Clinton and Bush era VERY bad public banking policy. Total lack of leadership on ALL parts – including MSM not telling the truth then or now- Dems wanted Federal power / votes and Repubs just went for Big Government cronyism. Both were wrong & MSM still pumping out the lies to fool the useful idiots. “What difference does it make?”
  
  Report this comment
- barber2
  Posted on February 18, 2013 at 12:10pm
  RIGHT: The NYT is the Pravda of America. They peddle the radical Democrats agenda like Goebbels peddled Hitler ! Total biased propaganda posing as ” news” articles ! The NYT is probably too far Left for even Putin these days . Between LEAKS and PROPAGANDA they peddle, the NYT should just be acknowledged for what they are : The Lap Dog of the International Left which seems to be also running the Obama White House .
  
  Report this comment
huey6367
Posted on February 18, 2013 at 11:21am
I had this feeling that something was not right when BofA purchased Countrywide Mortgage. I am not in the mrotgage industry and I saw that as a horrible business move. Now I understand.

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- oldguy49
  Posted on February 18, 2013 at 11:41am
  i quit doing any business with BOA a few years ago when it came out that they were giving illegal aliens credit cards
  
  Report this comment
- barber2
  Posted on February 18, 2013 at 12:01pm
  HUEY: I just read your comment after I had posted a similar remark. The ACORN/Community Organizers, like Obama, have been very busy for years working to ruin our economy . And they are still blaming BANKS for what the Democrats actually forced through with their use of the Discrimination /Race Card and the WEAK Republicans and banks who refused to stand up to these stupid ” discrimination” charges. The Democrats have been using , for years, the Discrimination Card to ruin the economy country : they call it PC ” change !” That is what ” anti-capitalists” ( wink, wink ) like our radical Left Democrats do ! They HATE capitalism…and they love to get revenge from the nasty rich ( the Democrats call revenge PC ” social justice ! ” ) . Oh, the radical Democrats love to play with words and definitions !
  
  Report this comment
term limits for congress
Posted on February 18, 2013 at 11:21am
It’s just money. And, we don’t have a deficit spending problem…

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- barber2
  Posted on February 18, 2013 at 12:05pm
  TERM: Oh, yes. It’s just that latest Democrat creative phrase, ” a misallocation of wealth !” LOL. Sort of like Al Jazeera Gore reallocated some wealth from Al Jazeera !
  
  Report this comment

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