PROOF-$400 BILLION of YOUR $ was stollen???


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  1. droiduzr2

    droiduzr2 Well-Known Member This Topic's Starter

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    It seems the US Tax payers were scammed along with US investors. Do you still think the Government is going to fix this issue? It seems they can't go after the people either.
    Is Wall Street just a shell game hedged and supported by your banking industry of which is not really controlled by the US CITIZENS.



    *I came across another post that I pasted below along with the source information.


    Lehman Brothers Shipped Off $400B Just Before Bankruptcy Nice!
    $400B Sent To Israel
    Ahead Of Lehman BK

    WASHINGTON, DC -- "There is a very serious aspect to the current
    economic collapse that no one wants to discuss, neither the economic pundits, the media or the scared politicians. This concerns an aspect of the subprime scams and, basically and stripped of euphemistic words and propaganda phrases, is that very large amounts of money from various banks and financial institutions and the owners and controllers thereof were, and are being, sent outside this country to a secure area. I am speaking most specifically of American business frantically sending, electronically, huge amounts of money to banks in Israel.



    The three banks that are getting most of the stolen money are:
    Hapoalim group, Bank Leumi group, Discount Bank group. It is not
    necessary to mention that the senders are all Jewish and it should be noted that Israeli banking concerns practice strict banking security (see their Protection of Privacy Law, 1981 [PPL]) Under the PPL, "an infringement of privacy is, inter alia, a violation of an obligation to maintain secrecy regarding a person's private affairs, established by explicit or implicit agreement." The bank's obligation of secrecy extends not only to the details of the client's account but also to all transactions related to the account In other words, if the US authorities want to know about this, they can bend over while the Israeli bankers drive them home.

    And if the sticky-fingered ones decide to make a quick flight to
    Israel ahead of FBI investigators, like their new accounts, they are
    entirely safe. Note here that Israel does not extradite its citizens.
    But it does allow prosecutions in its own courts for crimes committed abroad. None of this information is really secret but is well-known to investigative bodies such as the Department of State and the FBI. Currently,U.S. law-enforcement personnel and prosecutors, who fear that Israeli-oriented economic criminals will use the Jewish state as a refuge.

    Lehman Brothers Shipped Off $400B Just Before Bankruptcy Nice!





    *****************************************************

    By Linda Sandler
    September 27, 2008

    Bloomberg -- Lehman Brothers Holdings Inc.'s brokerage unit, in the
    months before its parent filed for bankruptcy protection, lost more
    than $400 billion in assets, according to the trustee overseeing
    customer accounts.

    Lehman's holding company filed for bankruptcy Sept. 15 claiming $639
    billion in assets, using four-month-old data. The wholly owned
    brokerage unit shrank to less than $100 billion in assets from $500
    billion ``a few months ago,'' according to a Sept. 19 court statement
    by James Giddens, the trustee overseeing the settling of Lehman
    brokerage customer accounts by the Securities Investor Protection
    Corp.

    The loss in value was caused by ``changes in the market,'' according
    to Giddens, a partner at law firm Hughes Hubbard & Reed, who spoke at
    a bankruptcy court hearing in Manhattan. The runoff may indicate
    Lehman's customers, including many hedge funds, canceled and closed
    out trades as they began to doubt the firm's ability to navigate the
    credit crunch, bankruptcy analysts and lawyers said.

    ``There was the proverbial run on the bank'' at Lehman, said Martin
    Bienenstock of the law firm Dewey & LeBoeuf, who is advising clients
    including Walt Disney Co. on recovering their money from Lehman. There
    was a similar capital flight from Bear Stearns earlier this year, he
    said.

    Most of Lehman's pre-bankruptcy assets were securities, according to its balance sheets. Lehman said on Sept. 10 that the consolidated gross assets of the firm stood at $600 billion and net assets at $311 billion. The difference between net and gross is the so-called matched book, which is overnight lending or securities pledged for overnight borrowing.

    Lehman Brokerage Lost $400 Billion in Assets Before Bankruptcy - Bloomberg
     

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  2. Bob Maxey

    Bob Maxey Well-Known Member

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    Apparently not proof of stealing but loss and bad accounting. Big difference to be sure.

    Bob
     
  3. droiduzr2

    droiduzr2 Well-Known Member This Topic's Starter

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    hmm funny that sounds like what Enron and Andersen Consulting said too for their defense.

    or perhaps if we try fooling ourselves this way

    No your Honor, I did not embezzle the money, it's just loss and sloppy accounting.
     
  4. Gritwater

    Gritwater Banned

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    Stollen or stolen
     
  5. droiduzr2

    droiduzr2 Well-Known Member This Topic's Starter

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    You are right, because of a spelling mistake, the money would be safe right now.
     
  6. Dark Jedi

    Dark Jedi Guest

    What are you going to do about it? Not a damn thing. Does it suck how our government works? Yes it does but we as a nation votes these people in to office to represent us and make decisions that we hope is what we wanted. In the end they do what they want and if we vote new blood in to replace the corrupt. They will be corrupted before the term is up. Like they say absolute power corrupts absolutely.
     
  7. droiduzr2

    droiduzr2 Well-Known Member This Topic's Starter

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    I really don't think you are voting NEW people in with the RIGHT intentions. The Tea Party is funded by Dick Army and is just doing the bidding of the Right Wing Republicans. They are nothing but corporate shills. You just voted in another type of corporation. Yes, a handful might be there for honest reasons but the majority rules there.

    If you want honest people trying to do the right thing then why not have this system in place:
    1. term limits for ALL Politicians 10 years
    2. no corporate funding
    3. Cap their funds - you get $1 million to spend on your campaign, just lock of their incoming funding after that level is reached.
    4. JAILTIME - you break the law then jail for you and we seize your house and assets to repay the tax payers
    5. Ethics Violations - $250k penalty PER convicted offense
    6. NO Pension LIFETIME Pension plan, you get 10 years see item #1 for the limit

    I am pretty damn sure that will be a self regulating system.
    Those objecting just demonstrates that they have hidden motives to begin with. An honest Citizen will apply because they WANT to be there to do the RIGHT thing.

    Makes sense?:D
     
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  8. Snow_Fox

    Snow_Fox Well-Known Member

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    I want to +1 the limiting of politicians terms.

    We shouldn't be allowed to have "career politicians".

    There was a reason Rome set them up to rotate out so fast.
     
  9. tobiass

    tobiass Member

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    don't forget 7. pull their health care ;)
     
  10. droiduzr2

    droiduzr2 Well-Known Member This Topic's Starter

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    It's implied. When term is up everything is DONE. You can get a degree of pension and health care. Maybe we let them pick.
    I think they should only get MAX 5 years pension.
    So they can get 5 years full cash pension and no health care or 2.5 and 2.5.

    I change the pension thing to 5 years MAX.
    You are there to SERVE not to PROFIT and in that "sacrifice" we give you 5 years pension to help you get your life back on track after your MAX 10 year term limit is up.

    That is FAIR for EVERYONE.
    I am waiting to see if the RIGHT WINGERS/CONSERVATIVES/TEA PARTY types say NO to my idea.
     
  11. mike114

    mike114 Well-Known Member

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    Your part of the problem droiduzr, everything is dems vs repubs for you. When are you going to learn that both parties are the problem? Do you think your idea, which I think is a good idea, would ever fly with the left wingers and democrats??

    And let me add to your idea. At the time you leave congress, if there is a balanced budget or a surplus, you get additional bonuses. If you leave during a deficit, you get NOTHING!!!
     
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  12. droiduzr2

    droiduzr2 Well-Known Member This Topic's Starter

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    You are right BUT I guess I just believe more in the Democratic core beliefs which is putting people first or putting the CITIZENS first before a company. Let's not debate ideology. We need the left and right leg in order to walk...right.

    But this is what I mean, take my idea and add yours and others to make a stranger foundation with will level the playing field and attract the RIGHT people.

    From my understanding for the most part "founders days" they were not career politicians, you went, did your time and returned home to your farm. They viewed it as a Civic duty vs. The get rich quick scheme we have today.
     
  13. Dark Jedi

    Dark Jedi Guest

    Isnt it great to dream of a utopia?
     
  14. Dark Jedi

    Dark Jedi Guest

    Really? How many corporations did your Dem bail out? They shoved that universal health care down everyone throat. Even though many people was oppose. The dems are no better than their republican counterparts. If the democrats put the people first they wouldnt have lost seats in the last election. Pelosi would still be speaker.
     
  15. droiduzr2

    droiduzr2 Well-Known Member This Topic's Starter

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    If GM went under the country would have hit a depression.
    ALL of the jobs that stem from GM employees would have tanked.
    Also, Ford would take a big hit because they rely on the same suppliers.

    You will be thankful for health care, give it 4 years or a bit more.
    It was the SAME argument AGAINST Medicare and Social Security back then.
     
  16. ElasticNinja

    ElasticNinja Well-Known Member

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    While it was probably right to save GM, I really wish they had collapsed

    You make shit product = you fail

    Their cars are so big and inefficient :mad:
     
  17. Dark Jedi

    Dark Jedi Guest

    If GM went under I am sure it wouldn't have died. Another automotive company like Toyota would have bought them out. Point is GM would have went on probably even better than it is now. Ford has been on the ropes for years and they went on with no help and improved their cars. GM still hasn't cut the fat much.

    GM wouldn't have caused the country to go into a depression. Its just one company and why should we have bailed out all these companies? If a company fails it closes its doors. I am sure all these smaller buisnesses or buisnesses that wasn't in the banking or auto industry felt they as cheated. I lost my job because my company had to downsize its self to save money and closed my plant. Where was the government aid that they needed. No it was the the car and banking campaign contributors that told the Democrats they was calling in their markers and the Democrats gave them what they wanted. Same thing would of happened if the Republicans would of been in power. Its the old ill scratch your back if you scratch mine.
     
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  18. mike114

    mike114 Well-Known Member

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    Ah yes, programs so popular they have to be mandatory. It's all for our own good, right?? Ask the people of Galveston, TX if they are thankful they got to opt-out of SS. And with any luck, the Texas legislature is going to look into opting out of Medicare. I can't remember the figure, but it would save us countless of billions of dollars.

    These programs are just another example of an out of control federal monstrosity which had no Constitutional authority impose these laws on us. If people wanted these "popular" plans, they should have demanded them at the state level.
     
  19. droiduzr2

    droiduzr2 Well-Known Member This Topic's Starter

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    Actually no:
    1. Imagine the dream that a few people had to break away from England-- they did it

    2. The Tea Party managed to get a fair amount of their people in office in a short amount of time.

    3. What happened to Government of, by, and for the PEOPLE.


    Get a few of your candidates in, then they pass the motion for the reform. Do it close to election time and push your local Politician to vote for it or you will vote them OUT. You start picking them off one at a time. Or sit back and keep watching the erosion while you do nothing. It's your choice.
     
  20. ElasticNinja

    ElasticNinja Well-Known Member

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    Unfortunately for me
     
  21. Dark Jedi

    Dark Jedi Guest

    The tea partiers only got in to office due to the facts of how the Democrats acting like they could do what they wanted and answer to no one. So the tea party saw a chance to get the Republicans back in to power. Telling the people what they wanted to hear. The people bought it and put the Republicans back into power. Nothing Will change as over spending will still happen. Our troops will still be in Iraq and Afghanistan. They will still make Backdoor deals and take bribe money to be in favor of companies interests.


    Democratic, Republican, independent, whip. They are all cut from the same cloth. People trying to make as much money as they can. Great point is Palin. How many millions has she made from speaking on behalf of the tea party? If she was so behind the movement then she wouldn't be asking for payment for her time.


    If you are not rich and have no friends in high places. You have no polical career. Case in point Arnold swartzenegger ( sorry can't spell that name lol ) if he didn't marry Maria shriver. You really think he would of became governor of California? Heck no he wouldn't but he had Kennedy backing and that's almost like having a golden ticket.

    So no there will never be a government for the people. Just a government for themselves. We just vote every election hoping things will change and the government will be for us again.
     
  22. Dark Jedi

    Dark Jedi Guest

    But that was a war that came at a high cost of life. Don't see that happening again no time soon.
     
  23. byteware

    byteware Well-Known Member

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    So, you post two articles, and only link one of them (the respectable bloomberg article).

    The other article (the one asserting "stolen" funds) isn't from ANY respectable news outlet.

    Bloomberg asserts that the money lost was from changes in the market and a run on the bank.

    and FYI... that's nothing like Enron. Enron stole the money. Lehman Brothers LOST the money in the market. The same way millions of Americans have.

    If you want this assertion that the money was "stolen" by shipping it off to Israel, then cite your source.

    IF you can't cite your source, then why bother even posting it?
     
  24. droiduzr2

    droiduzr2 Well-Known Member This Topic's Starter

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    I use the same sources that you do...the thin air source or Glen Beck or Fox news.

    So if I know my company is going belly up in 2 months or so and I pull out as much cash as I can and ship it offshore you call it a lost...funny I think there is a law against his called embezzling.
     
  25. byteware

    byteware Well-Known Member

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    I never quote fox or Glenn Beck. I don't watch either, and attacking someone's character because you can't defend against the points they raise is childish.

    You still haven't provided a source, even one of ill repute that says this is true.

    The one source you provided said clearly that this was NOT true.

    So, care to provide your source, or are you just going to make another snyde comment that makes it look like your theory ranks up there with Roswell, Area 51, and other assorted conspiracy theories?
     

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