CureZone   Log On   Join

stealing from the poor, giving to the rich by Quinta_Essentia ..... Ask Trapper

Date:   6/1/2009 3:27:42 PM ( 12 years ago ago)
Hits:   2,240

0 of 0 (0%) readers agree with this message.  Hide votes     What is this?

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

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.

<< Return to the standard message view

fetched in 0.06 sec, referred by