What does Paul Ryan, Former Treasury Sec Lew, Citibank, Wells Fargo, Moody’s, Fitch, and S&P all have in common?

Filed under: Main

Editorial/Opinion
by Richard Lawless

November 16, 2017 – According to the latest New York City billboard, Moody’s, Fitch and S&P sold unjustified credit ratings on tens of billions worth of municipal bonds and then Citibank, Wells Fargo and many other large banks knowingly sold these worthless municipal bonds to their best customers. Once uncovered, Secretary Lew, the former COO of Citibank put pressure on Congress for a taxpayer bailout and when that failed he convinced Speaker Ryan to support legislation that would limit or eliminate the victim’s rights and give control over this financial mess to many of the people originally involved in the issuance and sale of the fraudulent bonds. Speaker Ryan then surprisingly received significant contributions from many of the same companies that profited from this criminal enterprise. Wow, that it is in a nut shell. Much more than you would expect from a billboard.

The billboard asks a basic question, “How Corrupt is Wall Street” and then refers everyone to a simple website at www.wallstfraud.com. Although initially, I found the website to be unimpressive, it wasn’t until I viewed the sixty-minute press conference video that I fully understood what this was all about. The video is a recap of FBI and Securities and Exchange testimony in which the presenter details all the alleged criminal acts that lead up to the theft of $34 billion dollars. I found it detailed and compelling. The only question I was left with is why the Department of Justice and Securities and Exchange Commission did nothing in response to all these criminal complaints.

This was a text book, “follow the money” investigation that uncovered how truly pervasive corruption is on Wall Street, Congress and within the DOJ.

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