Barney Frank-an NWO secret agent? Probably just soft hearted and wanting to make money accessible to everyone- or a useful idiot for the NWO. The problem is most of the giant loans could not be paid back. The dark cabal works at many unseen levels.
Barney Frank is responsible for pushing the Community Reinvestment Act, and his strong-arming of Fannie Mae to lend to people who obviously couldn’t repay large loans, will outlast his his terms in office.
http://www.unelected.org/architect-of-the-housing-bubble-barney-frank-bows-out
http://en.wikipedia.org/wiki/Community_Reinvestment_Act
The American housing bubble collapse reached into Europe where many of these giants loans were bought.
Mr. Ed's list...http://www.ashtarcommandcrew.net/forum/topics/new-bank-resignation-list?xg_source=activity
I'll bet a rich man's money wad that these are 'the fall guys'
These resignations, not arrests so far, are obviously being made through threats of exposure and prosecution, 'step down now and you'll be free to go'
Watch now in the next months-see who gets appointed to these positions and google their names. My guess is we will find more 'academics' who don't know real finance just theory and they will be hard line leftists similar to blah blah Oblahma administration. March 1st Oblahma has a meet with the Wall Street bankster cabal for $59,500 per plate- http://www.bloomberg.com/news/2012-02-14/obama-returns-to-nyc-for-first-wall-street-fundraiser-of-year.html
The Soviet era Gosbank; Worst case scenario
The Soviet state used Gosbank, primarily, as a tool to impose centralized control upon industry in general, using bank balances and transaction histories to monitor the activity of individual concerns and their compliance with Five-Year Plans and directives. Gosbank did not act as a commercial bank in regard to the profit motive. It acted, theoretically, as an instrument of government policy. Instead of independently and impartially assessing the creditworthiness of the borrower, Gosbank would provide loan funds to favored individuals, groups and industries as directed by the central government
FAVORED INDIVIDUALS!!!!!!!!
http://en.wikipedia.org/wiki/Gosbank
At best-
China's banking system has undergone significant changes in the last two decades: banks are now functioning more like banks than before. Nevertheless, China's banking industry has remained in the government's hands even though banks have gained more autonomy. WTO has accepted China. The central bank of the People's Republic of China is the People's Bank of China.
The "big four" state-owned commercial banks are the Bank of China, the China Construction Bank, the Industrial and Commercial Bank of China and the Agricultural Bank of China.
http://en.wikipedia.org/wiki/Chinese_banking_system
I hope I'm wrong!!!
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