. Simply click "Moriel Ministries" below to go back to the main site

Arrow up
Arrow down
 
 
 
Shoppers - Please note: Be sure to check your purchase and then fill in all your details correctly on the right-hand side, (name, address, city, state, zip etc.) and check our terms and accept them. it will greatly help us to get your order in a timely manner.
Friday, 13 March 2009 04:58

Bankers In Lockstep Across The Globe "” Coincidence?

Written by
Rate this item
(0 votes)

March 11th, 2009
LAIGLESFORUM

Extrapolate the details in the following article by David Noakes to the bank crisis in the US and you get a plausible explanation for a disaster whose causes so far have not been explained or even investigated.

The author blames deregulation, although that was a secondary cause in the US. In the American media, deregulation is often blamed as well but without even a hint at the supposed mechanisms by which a "lack of regulation" might have operated to bring down the banks, and particularly how this would have happened simultaneously all over the globe. Indeed keen observers outside the elitist system have pointed out plausible causes and plausible mechanisms for our banks’ failures, such as the CRA and Fanny-Freddy and the complete lack of documentation and lack of down payments required by those semi-government Democrat-managed entities for mortgage lending. Laigle’s Forum is one of the few sites that has even attempted to tackle this issue in some depth. We find that rather than just simple deregulation or lack of regulation, it was in fact over-regulation that wrought the havoc. Specifically, Clinton had strengthened the CRA, requiring banks to make $1 trillion in loans to "underserved communities." The only way to accomplish this was to force them into requiring no documentation of income and no down payment, absolutely suicidal policies. Bush, put up a meek fight, then went right along, urging a Zero Downpayment Initiative at his HUD web site in 2005.

But I have published the following article to show the striking similarity between the behavior of bankers on both our continents.

Knowing the extent of corruption among money managers, the below-described situation in the UK does not seem so far fetched a scenario for this country either.

Is there a clue in here for us? Note that managers of failed institutions here also got bonuses and exorbitant salaries, and none left in shame. No shame was shown on either side of the Atlantic and no one has apologized for bringing down Western finance and threatening the financial security of every citizen of dozens of countries. No accountability was demanded by government. And indeed, a dissident British banker was murdered for protesting the bad policies in place there (see below).

Compare this with the strong arm tactics used in the US when some banks wanted to refuse the bailout money. Wasn’t it really hush money?

Is it really plausible that the bizarre behavior witnessed in US banks would have mirrored the behavior of bankers on the other side of the Atlantic just by accident? How about the bailouts? They happened in concert all over Europe as well, over the protests of the citizenry, especially in Britain. Here, 90% of all calls to the US Congress urged lawmakers to vote against the bailout.

Click here to read complete story.

"Europe - A Dictatorship?" - It is long and I recommend you download it and read or scan when you have time.


FAIR USE NOTICE: This article contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of religious, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond "fair use", you must obtain permission from the copyright owner.

Read 4997 times Last modified on Tuesday, 17 March 2009 07:20

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

Newsletter signup
  1. Full Name(*)
    Please type your full name.
  2. E-mail(*)
    Invalid email address.
  3. Address(*)
    Invalid Input
  4. City(*)
    You have to enter a value for the City
  5. Province/County/State(*)
    Invalid Input
  6. Country(*)
    Invalid Input
  7. Post/Zip code(*)
    Invalid Input
  8. +4 US(*)
    Invalid Input
  9. Telephone
    Invalid Input
  10. Your closest Moriel Location(*)
    Invalid Input

Blog by Subject

Aberrational Theology Abuse Reports Alpha Course Announcements Antichrist antisemitism apologetics Archeology Australia Author backsliding Berit Kjos Bezaleel Bill Alnor Bill Randles Bill Walthall Brian Broderson Buddhism calvary chapel Calvin Smith Canada Catholicism Central and South America Charley Carle Christopher Fisher Church Issues Comforting Those Who Mourn D. E. Isom Dave Royle David Lister D E Isom dental mission Discernment doctrine Ecumenism Elon Morah Elon Moreh Emergent Church End Times End Times Archive eschatology europe Evangelism Evolution False Prophets feminism former gay germany Hare Krishna heresy Hinduism history hollywood information In the Land Islam Israel Israel Missions Items of Various Interest Jackie Alnor Jacob Prasch James Jacob Prasch Jan Markell Japan Jehovah's Witnesses jewhatred jezebel joyce meyer Kenya Missions last days Latest News luther Mexico Mike Gendron Mike Oppenheimer Missions Missions in Rome Moriel japan Mormonism Nessim Muse New Age New Apostolic Reformation News & Info New Zealand Persecution petition Philippine Garbage Dump Children Philip Powell pope Popular Teachers posttrib Prayer Request prayer requests pretrib prewrath pride Prophecy News Purpose Driven Question and Answer Quote of the Day rapture Render to Caesar Ruckmanism russia Sandy Simpsom Scott Noble seal sin South Africa South Africa Missions Steven Boot Tanzania Missions Teaching Testimonies testimony Thailand Toronto, Pensacola & Lakeland Toronto, Pensacola & Lakeland tribulation Uncategorized United Kingdom United States USA Missions Word Faith wrath yeshua

Filter and Search Articles

Articles of note

Random Product from the Webstore

Your Shopping cart

 x 

Cart empty

Holyland Design

If you, your church or your ministry need graphic design, we recommend Holyland Design (who built this site).

Holyland Design