Living in a Banksters’ Paradise – Part 1 of 2

Paul Adams, J.D. writes for Activist Post:

A more recent study found that Bank of America, JP Morgan Chase, Citigroup, Wells Fargo and HSBC now have the power of the Federal Reserve at their fingertips.

That makes sense because after years of making bad loans with artificially low interest rates and foreclosing on millions of American homes, the Fed bailed out the following banks with at least $16.9 trillion according to page 131 of the first GAO audit:

• Citigroup: $2.5 trillion ($2,500,000,000,000)
• Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
• Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
• Bank of America: $1.344 trillion ($1,344,000,000,000)
• Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
• Bear Sterns: $853 billion ($853,000,000,000)
• Goldman Sachs: $814 billion ($814,000,000,000)
• Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
• JP Morgan Chase: $391 billion ($391,000,000,000)
• Deutsche Bank (Germany): $354 billion ($354,000,000,000)
• UBS (Switzerland): $287 billion ($287,000,000,000)
• Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
• Lehman Brothers: $183 billion ($183,000,000,000)
• Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
• BNP Paribas (France): $175 billion ($175,000,000,000)
• and many more including banks in Belgium of all places

However, other economists estimate the bankster theft and financial raping of dollar holders since 2008 is $29 trillion.

That’s right, largest banks, many of which appear to own shares in the private Federal Reserve, bailed themselves out in excess of the U.S. 2010 GDP ($14.59 Trillion - value of all goods and services produced in the U.S. for the year). Yes, even the fictional national debt of $15.7 trillion dollars could have been paid-off for less than the bankster stole.

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