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stealing from the poor, giving to the rich
 

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Quinta_Essentia Views: 2,222
Published: 12 years ago
 

stealing from the poor, giving to the rich


some big banks will be getting full Repayment on GM loans, right now all-cash. How will they do this? They will raid the pension funds and steel money from the average investor to pay the billionaire banks. More at link

http://www.gregpalast.com/grand-theft-auto-how-stevie-the-rat-bankrupted-gm/


Dimon is the CEO of JP Morgan Chase bank. While GM workers are losing their retirement health benefits, their jobs, their life savings; while shareholders are getting zilch and many creditors getting hosed, a few privileged GM lenders led by Morgan and Citibank expect to get back 100% of their loans to GM, a stunning $6 billion.

The way these banks are getting their $6 billion bonanza is stone cold illegal.

I smell a rat.

Stevie the Rat, to be precise. Steven Rattner, Barack Obama's 'Car Czar' - the man who essentially ordered GM into bankruptcy this morning.
 

 
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