[Celtic Party] The United States of America's $700 Billion "Bailout"

"Many of these loans are outright fraudulent. And they are being sold by crooks. Crooks who work for banks. Crooks who use accounting fraud ..." -- the recent words of Dr. Michael Hudson, who is a former Wall Street economist specialising in the balance of payments and real estate at the Chase Manhattan Bank (now JP Morgan Chase & Co). ========================= Kleptocracy (theft associated with the corrupt activities of those in positions of power) by Crucified Sun Sep 28, 2008 17:13 "The Real News Network spoke to economist and historian Dr. Michael Hudson who says that it's not a 'bailout' but a 'giveaway' and will create a new kleptocracy of billionaires. " Related Link: http://impeachthem. com/?q=node/2115 ========================= The above text was copied from the following Indymedia (Ireland) comment location: http://www.indymedia.ie/article/89250#comment236791 ========================= "The Insanity of the $700 Billion Giveaway" "Many of these loans are outright fraudulent. And they are being sold by crooks. Crooks who work for banks. Crooks who use accounting fraud – such as the fraud that led to the firing of Maurice Greenberg at A.I.G. and his counterparts at Fannie Mae, Freddie Mac and other companies engaging in Enron-type accounting." The piece of text immediately above, written by Dr Michael Hudson, has been copied from an article dated September 25th 2008 which is on view at the present time at: http://www.counterpunch.org/hudson09252008. html ========================= "The Constitution has been hijacked" (both in the United States and in the Republic of Ireland): http://www.humanrig htsireland. com/PrimeMinisterCowen/9May2008/Email. htm ========================= Human Rights (Ireland): http://www.humanrightsireland.com  =========================