Attention

The opinions expressed by columnists are their own and do not represent our advertisers

Tuesday, January 29, 2013

TOO BIG TO CONTROL

Total bank assets in the United States equal $13 trillion. Twelve criminal Wall Street banks control $9 trillion of that money. These twelve banks control the country, with the full support of the Federal Reserve, which they own. These banks use their bottomless pit of fiat dollars to buy off politicians, government bureaucrats, and the corporate mainstream media. They are the oligarchs. They own you. They have robbed you. They have impoverished the nation for their own benefit. They will cause the destruction of this country. A showdown between the people and the bankers will happen. But, not until they collapse our economic system, again.

As of third quarter 2012, there were approximately 5,600 commercial banking organizations in the U.S. The bulk of these—roughly 5,500—were community banks with assets of less than $10 billion. These community-focused organizations accounted for 98.6 percent of all banks but only 12 percent of total industry assets. Another group numbering nearly 70 banking organizations—with assets of between $10 billion and $250 billion—accounted for 1.2 percent of banks, while controlling 19 percent of industry assets. The remaining group, the megabanks—with assets of between $250 billion and $2.3 trillion—was made up of a mere 12 institutions. These dozen behemoths accounted for roughly 0.2 percent of all banks, but they held 69 percent of industry assets. – Richard Fisher – Dallas Fed

More

1 comment:

Anonymous said...

This is because Wall St controls Obama. Anyone can say what they want about G W Bush but when he was president he controlled Wall St and he let them know it. The Bush Dept of Justice obtained over 1300 corp fraud convictions including more than 130 corp VP's and over 200 CEO's and corp presidents.
Under Obama and Holder there have been 0 (ZERO) Wall St prosecutions.
Wall St has told Obama in no uncertain terms to butt out, don't call us we'll call you when we need to pad our wallets and due to lack of Obama's leadership qualities and the fact that he's corrupt he's complied totally.