Congresswoman Kaptur: There Has Been a Financial Coup D'Etat

October 12th, 2009

In Michael Moore’s new film Capitalism: A Love Story, Congresswoman Kaptur says there has been a financial coup d’etat, and that Wall Street – rather than Congress – is in charge.

In a must-watch interview with Bill Moyers broadcast Friday night, Kaptur also said:

  • The Federal Housing Agency used to insure 1 in 50 mortgages. But FHA now insures 1 in 4 mortgages, as the debt for bad mortgages has been dumped on the American people
  • “Banks have the power to create money”. This again confirms and verifies that banks create money out of thin air, not based on the amount of reserve deposits on hand. See this and this
  • While – on paper – there are reserve requirements, banks have gone from 10 to 1 leverage (where they could lend out 10 times their reserves) to – in the case of JP Morgan – 100 to 1 leverage. But with derivatives, leverage might be much higher

Instead of holding hearings on the core problems with the financial system, Congress is holding hearings solely on arcane, peripheral issues

Source: Washingtons Blog

2 Responses to “Congresswoman Kaptur: There Has Been a Financial Coup D'Etat”

  1. Kaptur and her colleagues are PART OF THE PROBLEM Says:

    Unfortunately for the Amerikan SHEEPLE, they’ll listen to Ms. Kaptur and think; “oh thank gawd, there’s someone in the CONgress that has our best interests at heart..” *nod nod, wink wink*

    What a crock of goddamned BULLSHIT! Marcy Kaptur, and the rest of the scum that slime the halls of that scumbag infested shithole called the nation’s capitol, are all guilty of treason by their actions, or better, their INACTIONS.

    Ms. Kaptur, more than likely, voted to fuck the public by renewing the PATRIOT ACT or any number of WAR FUNDING BILLS that in essence, took money from education and health care and social programs, and gave it to the MILITARY INDUSTRIAL COMPLEX at more than one single time in her career as a POLITICIAN.

    so, raising the red flag over the FINANCIAL LOOTING, is a bit disingenuous and fake, for her to be such an ‘outspoken’ critic of this single act of HIGH TREASON, when there have been MANIFOLD ACTS OF HIGHER TREASON ON HER WATCH, and she kept her fucking yap shut and complied with it.

    So, fuck you, Ms. Kaptur. You’re a MILITARY INDUSTRIAL COMPLEX WHORE just like the other 534 members you feed at that trough with. We are not that stupid out here, in other words, we know exactly what the fuck is going on, no matter what you spew and whine about. We’ve got you all figured out, every last TREASONOUS ONE OF YOU!!!!!!!!!

  2. HiJacked_since_1913 Says:

    Unless the true freedom loving Patriots of this lazy ass nation unite & PHYSICALLY take back control of our Government from these hypocritical lying bastards in power, nothing is going to CHANGE in respect to restoring our original blood bought Constitutional rights of it’s citizens!!

    Forget these Tea Party reunions, we need a bonafide Revolution as our present Government is the Real terrorist threat as the Bilderberg Illuminati jackals within and without are about ready to shut down the whole of what’s left of this nation’s economic ability so be prepared to defend yourselves from this tyrannical Muslim we have in our Presidency!

    The storm is coming! Wake up NOW or face your demise while your denial gives way to despair!

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