Thursday 6 June 2013
Why you should prepare for a New Wall Street Order....
The Wall Street "Masters of the Universe" are soon to be old history folks.
The chickens are indeed coming home to roost, the Global Banking Cartel's crimes are being exposed left & right... Prepare for my upcoming book “Economic Warfare” due in December of this year which will trigger it all.
To start with, the Federal Housing Finance Agency (FHFA), filed last week a $196 Billion Lawsuit against 17 financial institutions, certain of their officers and various unaffiliated lead underwriters. The suits allege violations of federal securities laws and common law in the sale of residential private-label mortgage-backed securities (PLS) to the Enterprises.
Bank of America is severely exposed on this lawsuit. As the parent company of Countrywide and Merrill Lynch they are on the hook for $57.4 billion. JP Morgan is next in the line of fire with $33 billion. And many death spiraling European banks are facing billions in losses as well.
These complaints were filed in federal or state court in New York or the federal court in Connecticut. The complaints seek damages and civil penalties under the Securities Act of 1933, similar in content to the complaint FHFA filed against UBS Americas, Inc. on July 27, 2011. In addition, each complaint seeks compensatory damages for negligent misrepresentation. Certain complaints also allege state securities law violations or common law fraud. …Continue Reading