Finance

Feds Sue 17 Banks Over Risky Mortgages

Feds Sue 17 Banks Over Risky Mortgages

NEW YORK (The Blaze/AP) –The government on Friday sued 17 financial firms, including the largest U.S. banks, for selling Fannie Mae and Freddie Mac billions of dollars worth of mortgage-backed securities that turned toxic when the housing market collapsed.

Among those targeted by the lawsuits were Bank of America Corp., Citigroup Inc., JP Morgan Chase & Co., and Goldman Sachs Group Inc. Large European banks including The Royal Bank of Scotland, Barclays Bank and Credit Suisse were also sued.

The lawsuits were filed by the Federal Housing Finance Agency. It oversees Fannie and Freddie, the two agencies that buy mortgages loans and mortgage securities issued by the lenders.

The total price tag for the mortgage-backed securities sold to Fannie and Freddie by the firms named in the lawsuits: $196 billion.

The government didn’t say how much it is seeking in damages. It said it wants to have the securities sales canceled and wants to be compensated for lost principal, interest payments as well as for attorney fees.

The government action is a big blow to the banks, many of which have seen their stock prices fall to levels not seen since the financial crisis in 2008 and 2009. Until now, the stocks have been undermined mostly by unrelated worries about the U.S. and European economies.

It is particularly damaging to Bank of America, which bought Countrywide Financial Corp. in 2008 and Merrill Lynch in 2009. All three are being separately sued by the government for mortgage-backed security sales totaling $57.5 billion.

After Bank of America, JPMorgan Chase was listed in the lawsuits with the second-highest total at $33 billion. Royal Bank of Scotland followed at $30.4 billion.

Bank of America has already paid $12.7 billion this year to settle similar claims. Last month insurer American International Group Inc. sued the bank for more than $10 billion for allegedly selling it faulty mortgage investments.

In a statement Friday, Bank of America rejected the claims in the government’s lawsuits.

Fannie and Freddie invested heavily in the mortgage-backed securities even after their regulator said they didn’t have the needed risk-management capabilities, the bank said. “Despite this, (Fannie and Freddie) are now seeking to hold other market participants responsible for their losses,” it said.

Bank stocks fell sharply on Friday as news of the government’s lawsuits emerged. Bank of America tumbled 8.3 percent, JP Morgan Chase fell 4.6 percent, Citigroup lost 5.3 percent, Goldman shed off 4.5 percent and Morgan Stanley’s ended down 5.7 percent.

Residential mortgage-backed securities bundled pools of mortgages into complex investments. They collapsed after the real-estate bust and helped fuel the financial crisis in late 2008.

The FHFA said the mortgage-backed securities were sold to Fannie and Freddie based on documents that “contained misstatements and omissions of material facts concerning the quality of the underlying mortgage loans, the creditworthiness of the borrowers, and the practices used to originate such loans.”

The FHFA filed a similar lawsuit in July against Swiss bank UBS AG, seeking to recoup more than $900 million in losses from mortgage-backed securities.

Also sued Friday were are Ally Financial Inc., formerly known GMAC LLC, Deutsche Bank AG, First Horizon National Corp., General Electric Co., HSBC North America Holdings Inc., Morgan Stanley, Nomura Holding America Inc., and Societe Generale.

JPMorgan, Goldman, Citigroup and Morgan Stanley declined to comment on the lawsuits. Ally Financial said in a statement said the government’s “claims are meritless, and the company intends to defend its position aggressively.“ A spokeswoman for First Horizon said the bank intends to ”vigorously defend” itself.

Ken Thomas, a Miami-based banking consultant and economist, said he expects the banks to settle soon with the government.

“This will be nothing but a distraction to them and the quicker you settle something like this the better,” he said.

Comments (161)

1 2 3 ... 5
  • copatriots
    Posted on September 2, 2011 at 5:34pm

    Wow! That was fast. Last week, Buffett talks to Obama then invests $5 Billion in Bank of America preferred shares. Check out the article on Reuters if you want to follow how Buffett made money on this one week later. They aren’t even tried to hide their corruption anymore. Gotta love it. Maybe now Buffett will pay his back taxes. Pffff…….what was I thinking…..the IRS will never come after him. No, no, he will donate some of his magical profits to fund Obama’s re-election. The proles don’t follow the real news after all and the rest of us are on the their scheming ways.

    Report Post »  
    • IntegrityFirst08
      Posted on September 2, 2011 at 5:41pm

      This is all while MAXINE WATERS tries to EXTORT THE BANKS INTO MAKING MORE LOANS. This is Luncay. Hey DOJ We have the puppetmaster and she said “bring the gangsters in, put them around the table, and let them know that if they don’t come up with loan modifications and keep people in their homes, that they’ve worked so hard for, we’re gonna tax them out of business.”

      The government is sueing the banks.
      Maxine is Extoring the banks to make more loans or else.
      Will the government sue the banks again if they listen to her???????

      This is crazy.

      Report Post » IntegrityFirst08  
    • Gold Coin & Economic News
      Posted on September 2, 2011 at 5:42pm

      Arrggghhh! This makes me want to scream! It was radical government policy that caused this mess in the first place because the Community Reinvestment Act forced banks to make loans to people who simply could not afford them. The government actually SUED BANKS because they were not making loans to blacks and American Indians, now the banks are being sued because they actually made these loans and tried to cover their backsides by selling the mortgages.

      The government bails out banks like Goldman Sachs because they lost money on risky mortgages and now they are suing them because they sold those risky mortgages.

      In the words of the immortal Monty Python’s Mr Gumby, “My brain hurts!”

      Detailed information on the Community Reinvestment Act:
      http://www.usgoldcoinauctions.com/gold-coin-blog/2011/03/the-failed-social-experiment-of-the-community-reinvestment-act/

      Report Post » Gold Coin & Economic News  
    • copatriots
      Posted on September 2, 2011 at 5:48pm

      You are absolutely 100% correct GOLD. And my stomach hurts more than my brain. It sickens me how well the liberal agenda played out.

      Report Post »  
    • IntegrityFirst08
      Posted on September 2, 2011 at 5:54pm

      Its not playing out well at all COPATRIOTS. I think it sickens us all to have such a polorizing political stage right now. But Conservatism is what will take this country to the place it needs to be. In all honesty liberals hardly every have a leg to stand after this presidency.

      LIBERALISM IS A FAILURE. Barak Hussein has proved that.

      Report Post » IntegrityFirst08  
    • copatriots
      Posted on September 2, 2011 at 6:06pm

      “Well played” as in how far along libs have come in destroying this country. It has been working exactly according to plan. I hope you are right and conservative movement lands us with honest, decent representatives. However, I fear what the czars are doing behind the scenes will continue their plan even if we get more conservative leadership.

      Report Post »  
    • loriann12
      Posted on September 2, 2011 at 6:21pm

      So, let me get this straight…..Fanny and Freddy MADE the banks offer loans to people they knew wouldn‘t be able to pay it back and now the Feds want to sue because them made loans to people they knew couldn’t pay it back? They should sue Fanny and Freddy until they no longer exist.

      Report Post »  
    • Banned on the Blaze
      Posted on September 2, 2011 at 6:35pm

      What there not saying is that they are suing them to get them to make more loans, it is nothing more then a scam just like the stock market.

      Report Post »  
    • Sheepdog911
      Posted on September 2, 2011 at 8:34pm

      Weren’t these same banks forced to make these risky loans by Demorrcratic-passed policies, with Republicans warning them of the risks involved? Weren’t those same Republicans called racists?

      Report Post » Sheepdog911  
    • Ssenkrad
      Posted on September 2, 2011 at 10:20pm

      It amazes me just how brazenly and out in the open the Feds are with their destruction of the free market. I’m sure at one point they at least tried to cover it up, but do they seriously expect no one to know that they’re the ones who forced the banks to make those risky loans in the first place? The sad part is, part of this nation probably agrees with the actions of the Feds and know nothing about their hand in the whole ordeal. So is the sad state of our country; the Feds succeed because the majority of us are so uninformed about everything. The running trend seems to be that the Feds do something horrible, blame someone else, in this case the banks, and then try to take action by increasing the size of the government. The other big one I can remember off of the top of my head right now is the ATF and their precious gun-running programs.

      Report Post » Ssenkrad  
    • Tim Law
      Posted on September 2, 2011 at 10:52pm

      Now this shows us just how dumb of Fed.Government is and thinks we are. They force the banks to make risky loans. Then blame them for the housing crash. Then bail them out with our money. Then force them to rewrite loans so people wont default. They do default. Now the Fed is going to sue the banks they forced to make bad loans. This could only happen in the twilight zone! Someone wake me up when the shows over.

      Report Post »  
    • drbage
      Posted on September 3, 2011 at 10:55am

      So, let me see if I understand this. One arm of the “federal family,“ the Holder Department of Injustice is suing the banks for bundling mortgages and selling them to another arm of the ”federal family,” Freddie Mac and Fannie Mae, which had forced the banks (a la Swampy Maxine Waters) to lower the qualification standards(per Bawney Fwank and Countrywide Chis). Perhaps the banks might want to complete the circle of insanity by suing the “federal family” for gross neglience, incompetence, and malfaisance. After all, it was the “federal family” which did not allow the banks to do due diligence on the financial backgrounds of the mortgage applicants because the “federal family” now feels that home ownership is a social justice right. How else would a 4 year old get $7500 in first time homeowner credit? How else would someone be able to use Section 8, AFDC, federal assistance, and food stamps as INCOME to qualify for a mortgage? The O may think that he is lowering the sea levels, but the waters in the swamp that is Washington, D.C. are getting deeper and more fetid as each day passes.

      Report Post »  
    • biohazard23
      Posted on September 3, 2011 at 12:38pm

      This sounds as sensible as kids suing their parents for “poor parenting.” Oh wait, that’s already been done! Silly me…..

      http://abcnews.go.com/US/adult-children-sue-mom-bad-parent/story?id=14407409

      Report Post » biohazard23  
  • Living In NYC
    Posted on September 2, 2011 at 5:32pm

    My neighbor was a VP in the Mortgage Group of Citigroup and about eight years ago was forced by the fed to make these loans and told to sell them back to Freddie and Fannie.

    He worked there 25 years. However, first 17 years would not make these types of loans…but Citigroup was forced to make them. Well now he is out of work and the Fed are suing the bank..isn’t that special!

    Report Post » Living In NYC  
    • Jenny Lind
      Posted on September 2, 2011 at 5:37pm

      And it’s only going to get worse, guess who had his hand in all this? Barney Frank, the pig.

      Report Post »  
    • danfinrud
      Posted on September 2, 2011 at 5:48pm

      THis is the way Government works. They want to blame others for the rules and regulations they forced onto the Free market to allow them to operate and grow. Then when the card house collapses they blame the businesses they blackmailed for the problem. Remember in the Democrat Circles. Politcians are perfect and they do no wrong. ONce they get there pockets lined they destroy those they blackmailed.

      Report Post » danfinrud  
    • ohiochili
      Posted on September 2, 2011 at 7:17pm

      Guess who else pushed for the banks to ease their lending practices. You get a gold star if you guess correctly before clicking on the link.

      http://www.thegatewaypundit.com/2011/09/obama-administration-sues-17-banks/

      Report Post »  
  • Micmac
    Posted on September 2, 2011 at 5:32pm

    Late 2007 not 2008

    NoBama 2012

    Report Post »  
  • thegreatcarnac
    Posted on September 2, 2011 at 5:30pm

    That is a joke. The feds are the ones that forced banks into bad mortgages to begin with; and now they are suing them for doing so. The US government under Obama needs to be put in an asylum.

    Report Post »  
    • Boson Higgs
      Posted on September 2, 2011 at 5:33pm

      You are EXACTLY correct !

      Report Post » Boson Higgs  
    • The_Almighty_Creestof
      Posted on September 2, 2011 at 5:44pm

      First go arrest Janet Reno.

      Report Post »  
    • trueblueday
      Posted on September 2, 2011 at 5:50pm

      This whole thing is totally unbelievable! Sue the banks, when the government was the conspirator all along? I bet they’re doing this to appease the lefties. That’s the only thing I can figure.

      Report Post »  
    • Simple Skeptic
      Posted on September 2, 2011 at 5:53pm

      You are spot on and the gov’t. is trying its damnedest to deflect accountability. Unfortunately many American‘s view this as the gov’t looking out for them. Those people could not be more misinformed.

      Report Post »  
    • Mil Mom
      Posted on September 3, 2011 at 1:37am

      Didn’t I read that it was first Francis Scott Piven who came up with the brainstorm to bundle these junk mortgages and sell them to the bank. Somebody ask Glenn.

      Report Post » Mil Mom  
    • Mil Mom
      Posted on September 3, 2011 at 1:45am

      Wonder which shell the pea’s under, watch the hands carefully while the administration slips the money out from the whole mess. When this is over there‘s no way any audit of what happened to all the money can ever be done because it’ll be easier to trace what money actually went where it’s supposed to than how much was siphoned off, by whom, and where did it go. Wonder if the Czars are allowed Swiss Bank Accts?

      Report Post » Mil Mom  
  • wewantchillywilly
    Posted on September 2, 2011 at 5:28pm

    yay! more lawyer BS!!!!

    Report Post »  
    • chips1
      Posted on September 2, 2011 at 6:19pm

      Jury trial!!! Jury trial!!!!! Pick me!!! Pick me!!!!

      Report Post »  
  • axel@25
    Posted on September 2, 2011 at 5:27pm

    I’m confused….didn’t we just give these guys a few bazzillion bucks to bail them out ???

    Report Post »  
    • squeaker
      Posted on September 2, 2011 at 5:43pm

      Yep…. Obambam likes to play the FLIP–FLOP–GAME over and over and over…

      Gotta get this flopper out of the white…oppps… I mean outhouse in 2012 or sooner… Impeach this ba$tard…!!!

      Report Post »  
  • Jaycen
    Posted on September 2, 2011 at 5:27pm

    Our fractional banking system is garbage. This is one more step to nationalizing it completely.

    Report Post » Jaycen  
    • ALL4FREEDOM
      Posted on September 2, 2011 at 8:46pm

      Yes, the fractional banking system is garbage. Unfortunately for us, it is about to collapse. Italy and Spain are going to tank, and take the Euro with it. Guess who is going to try (and fail – it can’t be done) to bail out Europe? Hold on to you drawers, because Obama will want to hock them to raise cash.

      Report Post »  
    • Hugh Williams
      Posted on September 3, 2011 at 3:05pm

      I agree with you the government is intent on destroying private sector banks. The ruling elite of both parties never do anything for the reasons they claim they are doing it. They are using class envy to destroy private banking system in the US. They hope enough people will care only about vengeance and allow the private sector banks to be destroyed. Then the government will step in and create a Federal Bank and it will be the only game in town. This is another power grab by the Marxist and big government supporters.

      Report Post » Hugh Williams  
  • 911Patriot
    Posted on September 2, 2011 at 5:26pm

    Every Friday afternoon obama fires another round in the heart of the United States of America.

    Report Post »  
    • paulusmaximus
      Posted on September 2, 2011 at 6:51pm

      I agree, it’s a 3 day weekend and we are being played as bad as the banks. this is part of the new jobs bill we will all be on the streets begging.

      Report Post » paulusmaximus  
    • Mil Mom
      Posted on September 3, 2011 at 1:49am

      Maybe that was the mystery stop on the way to Camp David, Ft Detrick would have body armor and ammunition. Wonder if they stocked it in the lil gal‘s size or if he’s following a well worn Islamic tradition of using her as a human shield?

      Report Post » Mil Mom  
  • banjarmon
    Posted on September 2, 2011 at 5:18pm

    The FED needs to sue itself!!!

    Report Post » banjarmon  
    • Ragged Patriot
      Posted on September 2, 2011 at 7:30pm

      You are “SPOT ON” BANJARMON!! It should be the banks suing FHA & co. for requiring them to make all those bad loans or suffer the wrath of the US gov..

      Report Post »  
  • Hugh Williams
    Posted on September 2, 2011 at 5:18pm

    If the government is able to sue banks into bankruptcy then the government will be forced to establish a national bank owned and controlled by the government. A lot of people at financial intuitions made a lot of money with shady and probably illegal practices. But if the American people blindly go along with the banks being destroyed to satisfy their need for vengeance we will all be even more enslaved by the government. Nothing the politicians do are for the reasons they say. Everything they do has hidden motives meant to increase the size and power of government and decrease the power of the people.

    Report Post » Hugh Williams  
  • NHABE64
    Posted on September 2, 2011 at 5:18pm

    Now THIS is funny. Can anyone really believe this cow manure ? Ha! Ha!

    Report Post »  
    • Mateytwo Barreett
      Posted on September 2, 2011 at 11:06pm

      Not funny! NOT ONE DAMNED LITTLE BIT HUMOROUS! They start this crap- the Fed takes over the whole enchilada. TOTAL financial control> This just may be the oak stake the Won has wanted to drive for 2 years.

      Report Post » Mateytwo Barreett  
  • Texas Hills Patriot
    Posted on September 2, 2011 at 5:18pm

    There must be a mistake. I saw the list of all 17 banks, and General Electric is on the list. I figured G.E. would be one of the untouchables. Also didn’t know they were also a mortgage broker. Jeffrey’s been a busy guy.

    Report Post » Texas Hills Patriot  
    • ProbIemSoIver
      Posted on September 2, 2011 at 5:29pm

      I would have sworn GE was a Global Elite Military / Industrial Complex associate. I still believe they are.
      This needs further investigation.

      Report Post » ProbIemSoIver  
    • Y2kHoax61
      Posted on September 2, 2011 at 6:02pm

      Obama allowed GE to “re-classify” a segment of it’s business so it would qualify for the interest free money from TARP. They won’t be touched by the Feds in this net.

      Report Post »  
  • woodyb
    Posted on September 2, 2011 at 5:14pm

    They didn’t publish the entire list, but I’ll wager that Fannie Mae and Freddie Mac are not listed!!!!!!!!!!

    Report Post »  
    • ProbIemSoIver
      Posted on September 2, 2011 at 5:20pm

      She actually gets a paycheck for that?

      90% of my posts are longer than that article. This is one of the exceptions.

      jk Tiffany. Keep up the good work ;)

      Report Post » ProbIemSoIver  
    • tejblaze
      Posted on September 2, 2011 at 5:22pm

      Your comment makes no sense. Fannie and Freddie are the ones suing the banks over the bad loans that were delivered to them. If you’re going to bash the GSEs, at least have your facts straight.

      Report Post »  
    • WIjoyzie
      Posted on September 2, 2011 at 5:30pm

      Fannie and Freddie needs to be sued, and its CEOs…past and present jailed!

      Report Post »  
    • J4Y
      Posted on September 2, 2011 at 5:31pm

      They better be and so should Barney be….

      Report Post » J4Y  
    • copatriots
      Posted on September 2, 2011 at 5:39pm

      The entire banking system is corrupt with the FED leading the way. Fannie and Freddie need to cease to exist.

      Report Post »  
  • co2dog
    Posted on September 2, 2011 at 5:13pm

    This is Insanity at its worst. FHFA failed in its fiduciary job so it sues the banks. BofA is probably the most innocent when it avoided the whole sub-prime mess and then was forced to buy Countrywide. The people at Countrywide and World and all those who left with billions leaving us holding the bag should be the ones in jail. Raines and that gang should be too. Frank, Dodd, Waters, Cuomo, etc. should be in jail along with them.

    Report Post »  
  • tankyjo
    Posted on September 2, 2011 at 5:12pm

    True Dat, Texas has cut the trial lawyers income as well.

    Report Post » tankyjo  
  • Monketo
    Posted on September 2, 2011 at 5:11pm

    Are these the banks Obama and friends sued regarding discriminatory lending practices?
    Are Freddy and Fannie going to be sued also?

    Report Post »  
  • George_Was_Right
    Posted on September 2, 2011 at 5:11pm

    Don’t you just know, that the banks are more than happy to go along with this…
    Obama blames the banks… The people think Obama is on their side… meanwhile… The Banks get billions in FED money… Paying for Obama’s re-election… And the cycle continues.

    Report Post » George_Was_Right  
  • American Chick
    Posted on September 2, 2011 at 5:10pm

    Can you say “crash the banking system” folks?

    This is a stock market nightmare for banking stocks and it is 100% DELIBERATE!

    Report Post »  
    • NOMOBIGDRAMANOBAMA
      Posted on September 2, 2011 at 5:24pm

      Am I the only one who sees Soros behind the curtain, telling America to ignore the man behind the curtain? This has disaster written in really big letters all over it!

      Report Post »  
    • WIjoyzie
      Posted on September 2, 2011 at 5:36pm

      All part of Obama… and Soros’ plan to destroy the economy, strip America of jobs… to create their Marxist one world order. Guess no one told them China is not likely to march to their orders!

      Report Post »  
    • copatriots
      Posted on September 2, 2011 at 5:43pm

      And the “genius” Buffett. Amazing how much money can be made when you have an inside source to know what regulations and lawsuits are coming.

      Report Post »  
  • BrokenHearted
    Posted on September 2, 2011 at 5:10pm

    Trust me this is not a good thing, the banks will fold and this will be one more reason for the other governments of this planet to discard the US Dollar as the reserve currency, which in turn will cause our dollar to collapse. Here we go, we’re gonna have a one world currency soon, I hope everyone is ready for this. Food and ammo, food and ammo….these are the things you need to get asap.

    Report Post » BrokenHearted  
    • copatriots
      Posted on September 2, 2011 at 5:46pm

      And an extra supply of gas. And I’ll take some of the bullet-proof glass from Texas.

      Report Post »  
    • Mil Mom
      Posted on September 3, 2011 at 1:59am

      re : Food and ammo, food and ammo….these are the things you need to get asap.
      ***
      And when they arrest you and take you to the FEMA Camps, who gets your food, and will they use the ammo on your neighbor?
      I‘d rather depend on God’s protection, yeah, have enough to get by for a few days, but what’s really going to happen next, only God knows!

      Report Post » Mil Mom  
  • geonj
    Posted on September 2, 2011 at 5:10pm

    betcha fannie mae and freedie mac won’t be sued. this lawsuit should do wonders for the housing market and the public. i guess they need to make work for the poor underemployed lawyers.

    Report Post » geonj  
  • Ex_Masshole
    Posted on September 2, 2011 at 5:10pm

    I wonder if Warren Buffet coincidentally cashed out of BofA before news of this got around…

    Report Post » Ex_Masshole  
  • crazedbanshee
    Posted on September 2, 2011 at 5:10pm

    Wow, bail them out then sue them and threaten to tax them out of existence. What a bunch of morons

    Report Post »  
  • tankyjo
    Posted on September 2, 2011 at 5:08pm

    Is Barney going to be named too?

    Report Post » tankyjo  
  • jedi.kep
    Posted on September 2, 2011 at 5:08pm

    It’s an illusion. Watch the other hand.

    Report Post » jedi.kep  
    • ProbIemSoIver
      Posted on September 2, 2011 at 5:16pm

      Not Wells Fargo… Hmm. You are right. Banks and Financial institutions are the Backbone of the global elite, that control our government, so they are in bed together. The elimination of banks pushes us closer to a monopoly.
      That is what the Globalists want eventually, A one world bank.

      Report Post » ProbIemSoIver  
    • Natures_God
      Posted on September 2, 2011 at 5:33pm

      Of cause they are all in bed together. It’s called the Federal Reserve Banking Cartel for a reason and it is all ran by the Jews.
      This is what you get when you let Jews operate a country’s monetary system…..CHAOS and indentured servitude.

      Report Post »  
    • ProbIemSoIver
      Posted on September 2, 2011 at 5:46pm

      Thank you for confirming what I said, with a racist spin to it….not !!!

      I doubt the Global syndicate is made up, only of Jews.

      Report Post » ProbIemSoIver  
    • Natures_God
      Posted on September 2, 2011 at 8:25pm

      @ PROBIEMSOIVER
      You are right, it isn’t just made up of Jews, it is also made up of the Goyim that do the Jews biding.
      You should check this guy out. He knows what he is talking about.
      http://www.youtube.com/user/drdduke?blend=1&ob=5

      Dance Goyim, Dance.
      Your Zionist masters command it of you.

      Report Post »  
    • ProbIemSoIver
      Posted on September 2, 2011 at 9:50pm

      @Natures-god
      What is your incessant need to portray me as partial to Muslim’s or Jews?
      As I informed you earlier, If I woke up tomorrow and both were gone, I could give a Crap less !!!!!
      Are you a Media-matters troll that has been assigned to me, because I have inflicted so much damage to the progressive globalist agenda ?
      Good luck. I will intellectually dominate you, and embarrass you on a regular basis, edifying you until you decide it is a futile attempt to challenge me.

      Report Post » ProbIemSoIver  
    • ProbIemSoIver
      Posted on September 2, 2011 at 10:51pm

      I agreed with most of what Duke said. I already know about the social erosion, here and abroad. I keep up with the EDL’s plight in the UK, and will be checking on the status of their Tower hamlets march tomorrow. But I don’t see the global elite being exclusively Jewish.

      I understand that America was once great due to people wanting to come to America, to become Americans and live the American lifestyle. Baseball, Hot dogs, Apple pie, and Chevrolets.

      Over time Diversity became “multicuturalism’ A global elite agenda to break down our social structure.
      people would come here and have no interest in becoming American, and would denounce our culture and history.

      Now I see it ubiquitously. On the main stream media, like Fareed, the CFR degenerate saying to trash the Constitution and start over. Like the first “lady” stating ‘ For the first time, I am proud of my Country’.

      Report Post » ProbIemSoIver  
    • ProbIemSoIver
      Posted on September 2, 2011 at 11:19pm

      @Natures-god
      I thought you were that troll, CHUCK.
      Thanks for the links. I will do some more research on that.

      Report Post » ProbIemSoIver  
    • Mil Mom
      Posted on September 3, 2011 at 2:11am

      @Natures_God
      Posted on September 2, 2011 at 5:33pm
      Of cause they are all in bed together. It’s called the Federal Reserve Banking Cartel for a reason and it is all ran by the Jews.
      This is what you get when you let Jews operate a country’s monetary system…..CHAOS and indentured servitude
      ****
      All my life I’ve heard this crap about the Jews running the banks, but you notice that whenever ANY government becomes corrupt it takes over the financial system. Multiple attempts to eliminate the Jews hasn’t exactly done away with wickedness and corruption in any nation where the banks have been nationalized! Now if you point out Geo Soros is a Jew, I’d say, “Shhhhhhhh! (wemember, Hitler’s not supposed to know this.)” Oh that’s right, Hitler’s gone, now it‘s the Muslim Terrorists who’re taking over the world! (Wonder if they’ll make him as rich as Hitler did?)
      WAKE UP! AMERICA, IT‘S THE GOVERNMENT THAT’S CORRUPT, THE BANKS ARE JUST ONE SYMPTOM OF AN ENDEMIC PROBLEM THAT’S GOVERNMENT WIDE!

      Report Post » Mil Mom  
  • heavyduty
    Posted on September 2, 2011 at 5:06pm

    They have to sue someone because their broke too.

    Report Post »  
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