Fascist government mafia’s blatant racketeering

May 4, 2009

Racketering: A racket is an illegal business, usually run as part of organized crime. Engaging in a racket is called racketeering. Several forms of racket exist. The best-known is the protection racket, in which criminals demand money from businesses in exchange for the service of “protection” against crimes that the racketeers themselves instigate if unpaid (see extortion).
[Source: Wikipedia]

From the Financial Times:

“A leading bankruptcy attorney representing hedge funds and money managers told ABC News Saturday that Steve Rattner, the leader of the Obama administration’s Auto Industry Task Force, threatened one of the firms, an investment bank, that if it continued to oppose the administration’s Chrysler bankruptcy plan, the White House would use the White House press corps to destroy its reputation.”

This follows on the heels of similar accusations about how Former Treasury Secretary Henry Paulson forced the Bank of America to purchase Merrill Lynch, threatening to have B of A CEO Ken Lewis fired if he did not go through with the deal, or if he disclosed to the public (and specifically the shareholders) that they were doing this deal (specifically to hide the extent of the troubled assets held by the company they were being forced to buy):

From Business Insider (drawing on transcripts of Lewis’ testimony to New York Attorney General Andrew Cuomo):

“Bernanke and Paulson implicitly ordered Ken Lewis to keep silent about the massive losses Merrill was sustaining in Q4…. Paulson told Ken Lewis he would oust him and the BAC board if Ken Lewis stopped the Merrill deal.”

Why do they do these things? Who gains? The last man standing in the financial apocalypse, Goldman-Sachs. Read all about it: [LINK], [LINK]

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