We Are the BANKSTERS!
(Sung to the tune of We are the Champions, by Queen)
I've paid my dues -
Time after time -
I've done my sentence
But committed no crime -
And bad mistakes
I've made a few
I've had my share of sand kicked in my face -
But I've come through
We are the BANKSTERS - my friends
And we'll keep on fighting - till the end -
We are the BANKSTERS -
We are the BANKSTERS
No time for losers
'Cause we are the BANKSTERS - of the world -
I've taken my bows
And my curtain calls -
You brought me fame and fortune and everything that goes with it
-
I thank you all -
But it's been no bed of roses
No pleasure cruise -
I consider it a challenge before the whole human race -
And I ain't gonna lose -
We are the BANKSTERS - my friends
And we'll keep on fighting - till the end -
We are the BANKSTERS -
We are the BANKSTERS
No time for losers
'Cause we are the BANKSTERS - of the world -
Time after time -
I've done my sentence
But committed no crime -
And bad mistakes
I've made a few
I've had my share of sand kicked in my face -
But I've come through
We are the BANKSTERS - my friends
And we'll keep on fighting - till the end -
We are the BANKSTERS -
We are the BANKSTERS
No time for losers
'Cause we are the BANKSTERS - of the world -
I've taken my bows
And my curtain calls -
You brought me fame and fortune and everything that goes with it
-
I thank you all -
But it's been no bed of roses
No pleasure cruise -
I consider it a challenge before the whole human race -
And I ain't gonna lose -
We are the BANKSTERS - my friends
And we'll keep on fighting - till the end -
We are the BANKSTERS -
We are the BANKSTERS
No time for losers
'Cause we are the BANKSTERS - of the world -
Creativity in Banking.
ReplyDeleteFirst I've heard term PDCF,
Home > Markets
Primary Dealer Credit Facility: Frequently Asked Questions
Effective June 25, 2009
What is the Federal Reserve’s Primary Dealer Credit Facility (PDCF)? Why are we introducing the PDCF and what are some of its terms?
The Primary Dealer Credit Facility (PDCF) is an overnight loan facility that will provide funding to primary dealers in exchange for any tri-party-eligible collateral and is intended to foster the functioning of financial markets more generally.
Again I say Banksters Produce Nothing, just manipulate.
Related to Banksters I want to review the Financial Reform bill passed this year to better understand it's key points and how effective it may be
ReplyDeleteconsidering the resistance to any change under the cover of anti "Big Government" "no regulation is good regulation" politicing. Hopefully the intent of eliminating the "too big to fail" status of the banks will alter their risk taking with more skin in the game.
...errr, sorry, the banks are bigger than ever...since there are fewer of them...Bear Sterns was forced to be sold to JP Morgan for $2/share (then raised to $10/share), Lehman was let go - i.e. not bailed out and it went under, Merrill Lynch was merged with Bank of America, Wachovia was merged with Wells Fargo, Citicorp is a dead bank walking...There are fewer of the Big Banks, and therefore each one is even more TBTF...Hammerin' Hank and Turbo Timmy at their best...but, the real root cause is the Federal Reserve and the prime Ayn Rand Asshole in this whole mess is Bubbles Greenspan...
ReplyDeleteI recently posted the next tier of banks that have failed...the NOT TBTF's -
http://red-pill-blue-pill.blogspot.com/2010/11/stealth-disappearance-of-non-tbtf-banks.html
25 failed in 2008, 140 failed in 2009, and we are up to 150 fails in 2010, with one month to go...
so, an even greater concentration than before, not less...