muses of the moment

February 9, 2013

A comparison…hmmm

Filed under: Bailout Nation, Bank bailout, Credit Derivatives, The Banking Crisis — totallygroovygirlfriday @ 7:45 am

Criminal credit card fraud scheme totally $200 million based in New Jersey. Click here.

“Through their greed and their arrogance, the individuals arrested today and their conspirators allegedly harmed not only the credit card issuers, but everyone who deals with increased interest rates and fees because of the money sucked out of the system by criminals acting in fraud rings like this one,” Fishman said.

The “interest rate” comment above got groovygirl to thinking about another impact on interest rates: the LIBOR scheme.

Click here.

That scheme cost banks (and Freddie and Fannie, which the taxpayer now owns) $176 billion, with a “B”, which gg is sure the banks are passing onto you either in rates, fees, and tax payer bailouts. And although banks and governments are suing each other over the LIBOR scandal, no one has offered to included groovygirl’s pain and suffering on a class-action lawsuit.


Although, gg is outraged at the credit card criminals, she feels there are many worse criminals who will not be arrested because they are part of a protected political and financial system which is totally corrupt.  And MSM, who is covering the gun debate daily, totally missed the crime of the century.

There is no rule of law.


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