Capitalism is bringing poverty, drugs, violence,... - LAT - FriendFeed

Capitalism is bringing poverty, drugs, violence, culture of violence, wars to nations.

Successful economic benefits created are not distributed properly - almost as in jungle, there is a of the stronger.

Mafia will always cry for ''freedom''.

European Banks Growing Bigger. ~wild capitalism failing. Euro governments provided $5.3 trillion of aid to banks in 08 and 09.

15 European banks now have assets larger than their home economies. Royal Bank of Scotland Group Plc’s assets ballooned 2,914 % in the 10 years through 08 as it made acquisitions, boosted trading and increased lending.

Edinburgh- based RBS spent $140 billion on takeovers during the period. that triggered the world’s biggest bank bailout- 45.5 billion-pound rescue of RBS.

Paris-based BNP Paribas, the world’s biggest bank by assets, increased its balance sheet by 59 percent to 2.29 trillion euros ($3.5 trillion)London-based Barclays jumped 55 percent to 1.55 trillion pounds ($2.6 trillion), or 108 percent of U.K. GDP.

Santander’s rose 30 percent to 1.08 trillion euros, about the size of Spain’s GDP.Britain, with an economy one-fifth the size of the U.S.’s, faces widening budget deficits, rising unemployment and increased taxes after four bank bailouts, including the 45.5 billion-pound rescue of RBS.”

Zurich-based UBS AG has reported 57.5 billion Swiss francs ($57.8 billion) of losses and writedowns since the credit crisis began, the most in Europe, and received a 6 billion-franc bailout from the Swiss government. The bank has reduced its assets by 37 percent since the start of 2007..

The five biggest U.S. lenders -- Bank of America Corp., JPMorgan Chase & Co., Citigroup Inc., Wells Fargo & Co. and Goldman Sachs Group Inc. -- held $8.3 trillion in assets as of Sept. 30, an amount equal to about 60 percent of GDP and more than three times the $2.5 trillion in assets held by the top five financial companies in 1999.

European Banks Growing Bigger ‘Sowing the Seeds’ of Next Crisis - Bloomberg.com

Banks that didn't take government bailout TARP are in better shape than peers

Banks that didn't take government bailout billions - take your money there. No to AIG, Citi or Bank of America.

http://BailoutSleuth.com,

54 public banks refused gov bailout TARP money.

AIG became a ward of the state.

People now own a third of Citigroup.

Bank of America received $45 billion in funding.

BANK WITH Hudson City Bancorp (HCBK),

People' United Financial (PBCT)

Commerce Bancshares (CBSH),

BOK Financial (BOKF) and

NY Community Bancorp (NYB)

Shares of the 54 banks that didn't want a bailout are, on average, down just 16% since last September. That's compared to a 30% drop for the KBW Bank Index and 36% plunge for the S&P Regional Bank Index..

Banks that didn't take TARP are in better shape than peers - Sep. 11, 2009

Banks that didn't take TARP are in better shape than peers - Sep. 11, 2009

Nano-thermite took down the WTC. 9/11 Controlled Demolition.

"THERE IS no doubt THAT 3 TOWERS WERE demolished ON 9/11 WTC"

"a masterpiece of demolition" - 9/11 science verdict

US Deficit grew by $181 billion in July 09, to a record of $1.3 trilllion. Helped by billions to financial firms bailouts and recession revenue loss.

Spending through July 09 rose to $530 bill, 21% increase over last year 08.

The bailout money for Freddie Mac and Fannie Mae accounted for almost half of the spending increase.

Unemployment benefits have more than doubled, Medicaid spending has grown by a quarter and Medicare spending has increased by 11 percent.

Tax revenue for the first three quarters of 2009 has fallen by approximately $350 billion, or 17 percent compared to the same period last year 08.

The independent budget scorekeeper has projected the deficit to reach $1.8 trillion by the end of the fiscal year, Sept. 30, 2009.

The deficit in 2008 reached $455 billion, which was a record at the time.

TheHill.com - Deficit grew by $181 billion in July

Top Ten Best National Parks You Don't Know About

Top Ten Best National Parks You Don't Know About

National Parks USA - http://NPS.gov

9/11 WTC is a controlled demolition - per irrefutable scientific evidence - http://ae911Truth.org - http://wacla.org - http://911Blogger.com - http://911Truth.org

Bank Of America Workers Organize Against Closures As Execs Get Big Bonuses

Bank Of America Workers Organize Against Closures As Execs Get Big Bonuses:

"Bank of America issued $3.33 billion in cash and stock bonuses to executives in 2008, despite receiving $45 billion in bailout funds from the government"