Monday, July 27, 2009

The Gambino Crime Syndicate Labels Americans As Ruthless Defaulters

I was blowing bubbles with a friend last week and told him I was going to do what the banksters had done to us. In other words, I was going to load up on credit cards, run them to their limit then just decide I wasn't going to pay them. Now I'm not going to do that. At least not right now. But why is this any different than what Wall Street did? I am completely serious. They ran up debt and leverage on their balance sheets, made hundreds and hundreds of billions in bonuses for this criminal behavior, then they walked away. Ultimately this required a taxpayer bailout. All while this fraudulent activity was rewarded. Wall Street kept all of the bonuses and salaries made by living-large off of corruption.

Now these same crooks are labeling Americans unable to pay their Gambino crime syndicate terms as ruthless defaulters. Instead of working with people to create a plan for repayment, we see attempts of extortion and racketeering. Tactics used by the Gambino crime syndicate. Can't pay 12% rates? Okay it goes to 18%. Can't pay 18%? It goes to 25%. Can't pay 25%, we'll send Bruno out to take care of the situation - take your car, your house, your food, whatever. (No offense to anyone named Bruno) All courtesy of laws passed by our government. Labeling someone as a ruthless defaulter is really funny coming from an industry that is so usurious that it would make any crime syndicate blush with envy.

I'm not an attorney but I suspect fraud abrogates a contract. Frankly, I'm not sure why the American people should be any more obligated to pay their debts than banks. There apparently is no rule of law or at best a selective enforcement of arbitrary laws. Who decides what laws are enforced for whom? Isn't this really a breakdown of society? Where shall it end? It won't end until we see a return to the rule of law for everyone.

Where is the Pecora investigation into the fraud we see today? Where is the transparency into the seamy world of Washington and Wall Street corruption? Where is the lobbyist reform? Where are the salary clawbacks by an outraged government? Ah, it's business as usual in Washington.

It's good to be the king. Not much longer though.
posted by TimingLogic at 11:07 AM