Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Market Daily News
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Banksters Get The Derivatives Bailout In The Spending Bill Passed Last Night In Washington

% of readers think this story is Fact. Add your two cents.


Kurt Nimmo:  House Republicans have pushed through a 1,600 page, $1.1 trillion dollar government spending bill containing a Citibank shepherded provision that puts the Federal Deposit Corporation on the hook for financial derivatives losses.

House Republican leader John Boehner: Bailout provision will not hurt Americans.

It passed late Thursday by a 219-206 vote.

Republicans who opposed the bill did so because it failed to block Obama’s executive actions on immigration. House Democrats opposed the banking provisions and the easing of restrictions on contributions by big donors.

Obama disciplined wavering Democrats and instructed them to vote for the legislation. The bill now moves to a Democrat controlled Senate where it is expected to pass.

Banksters also leaned on Congress:

The provision was so important to the profits at (nation’s biggest banks) that J.P.Morgan’s chief executive Jamie Dimon himself telephoned individual lawmakers to urge them to vote for it, according to a person familiar with the effort.

“At least we now know with certainty that to a clear majority in Congress – one consisting of republicans and democrats – the future viability of Wall Street is far more important than the well-being of their constituents,” Zero Hedge writes this morning.

Which also, implicitly, was made clear when Hank Paulson was waving a three-page “blank check” term sheet, and when Congress voted through the biggest bailout of banks in US history back in 2008.

The only question is when the next multi-trillion (or perhaps quadrillion now that all global central banks are all in?) bailout takes place.

So what do you think?

Join the conversation instantly with Facebook Comments below:

This article is brought to you courtesy of Kurt Nimmo.

You are viewing a republication of Market Daily News content. You can find full Market Daily News articles on (www.marketdailynews.com)


Source: http://marketdailynews.com/2014/12/12/banksters-get-the-derivatives-bailout-in-the-spending-bill-passed-last-night-in-washington/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.