From:   David DeGraw <David@AmpedStatus.com>
Sent time:   Tuesday, October 18, 2011 8:43:06 PM
To:   september17@googlegroups.com
Subject:   SPAM-MED: Re: [september17discuss] Bank of America and JP Morgan Shifting Losses Onto US Taxpayers
 

that would be great, but we don't know the exact total amount, it's kept a secret, which is a scandal within itself.

"We denounce Bank of America's transfer of high risk derivatives to its federally insured accounts. This is yet another example of systemically dangerous institutions, big banks like BofA and JPM, once again attempting to shift potentially substantial  losses onto the backs of hardworking Americans.  The fact that the Federal Reserve supports this action demonstrates Ben Bernanke's complicity and/or gross incompetence in supporting the Wall Street elite at the expense of tax paying citizens."



On 10/18/2011 9:58 PM, jemcgloin@verizon.net wrote:
Does anyone think it is possible for the GA to agree something short and sweet like, "We denounce Bank of America's transfer of $76trillion in derivatives to its Federally insured accounts."  
If we said it, it would be widely disseminated, instead of swept under the rug.  And its not a demand.
 
 
On 10/18/11, David DeGraw<David@AmpedStatus.com> wrote:
suggest we make a statement similar to this one at BofA and Fed banklocations in mass actions ASAP:

something like: "This is yet another example of systemically dangerousinstitutions, big banks like BofA and JPM, once again attempting toshift billions in losses onto the backs of hardworking Americans.  Thefact that the Federal Reserve supports this action demonstrates BenBernanke's complicity and/or gross incompetence in supporting the WallStreet elite at the expense of tax paying citizens.  We will not allowthis transfer of risk to be placed upon the backs of our fellowAmerican citizens."

we come out strong against this and we will put all the big banks onnotice, any more attempts to transfer losses onto the public will bemet w/ direct action.


On 10/18/2011 6:34 PM, Martin Kaminer wrote:
Too big to fail . . . 

On Tue, Oct 18, 2011 at 6:25 PM, DavidDeGraw <David@ampedstatus.com>wrote:
the news below has been spreading around several email groups today. BofA and JPM are shifting potentially HUGE EU-related losses onto UStaxpayers.  A very scandalous / ominous move, to say the least:

HOLYBAILOUT - Federal Reserve Now Backstopping $75 Trillion Of Bank OfAmerica's Derivatives Trades

http://dailybail.com/home/holy-bailout-federal-reserve-now-backstopping-75-trillion-of.html

we should take action against this. any ideas?




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