Geithner's "Dirty Little Secret"

I love this article from Rense. Here's the secret:

"...the repeal of Glass-Steagall and the passage of the Commodity Futures Modernization Act in 2000 allowed the creation of a tiny handful of banks that would virtually monopolize key parts of the global 'off-balance sheet' or Over-The-Counter derivatives issuance."

The article further goes on to say that only five US banks hold 96% of the US bank derivative positions and 81% of the total net credit risk exposure. These five banks are JP Morgan Chase, Bank of America, Citibank, Goldman Sachs and Wells Fargo. The toxicity is very centralized.

So, each time TARP money is used or each time the money supply is broadened, YOU are paying for greed either through your tax money or through the cheapening of the dollar.

We need to nationalize them NOW before we end up falling into a never-ending rat hole.