CITIBANK and COHORTS' takeover American's Loans and Credit: “Banks at Risk of Failure Has Reached 15-Year High”

Naturally, Japanese Banks and other Asian banks also are involved in fraud and unnecessary debt in the Philippines, i.e. alongside Citibank.

http://www.pcij.org/blog/?p=2008

Interestingly, the Philippines is still paying off a lot of bad bank loans to Citibank and other global financiers dating to the Ferdinand Marcos Dictatorship of the 1970s and 1980s.

http://upintelligence.multiply.com/photos/album/15/1949_-_2000_Bank_Paper_Trading_Investment_Operators

Naturally, other USA banks, like CHASE need to be investigated. Moreover, the request still stands, which I made over a quarter of a year ago to fully nationalize Citibank (and other banks, including Wells Fargo) which is still squeezing American and foreign debtors while soaking up tax payer moneys.

http://www.democracynow.org/2009/8/28/former_wells_fargo_subprime_loan_officer

Juan Gonzalez of DEMOCRACY NOW has noted, "We turn . . . the spotlight on President Obama's massive foreclosure prevention program. Many of the lenders that helped fuel the housing crisis by issuing risky subprime loans are now lining up to receive more than $21 billion in taxpayer money intended to help bail out borrowers. At least twenty-one out of the top twenty-five participants in the Making Home Affordable program specialized in servicing or originating subprime loans, the report says. The funds come from the government's $75 billion Home Affordable Modification Program, or HAMP, which gives lenders taxpayer subsidies to lower mortgages that might otherwise end in foreclosure."

http://www.democracynow.org/2009/8/28/report_taxpayers_to_pay_subprime_players

How can the country of the Philippines (or other smaller developing lands) ever go after the foreign bank giants like Citibank if America doesn't go after them when the spotlight is on them fully as DN is doing now.

Come on Obama, set a global example and takeover these banks--stop throwing money at them!!!!!!!

Filipinos and others need America to set a fiscal and policy example by investigating the fraud of these big banks, which have helped destroy much of America's middle class over the past decade.

NOTES

Citibank and Me (1), click here

Citibank and Me (2), http://alone.gnn.tv/blogs/23056/CITIBANK_AND_ME_part_2_by_Kevin_Anthony_Stoda_in_exile_in_Kuwait

Citibank and Me (3), http://www.opednews.com/articles/opedne_alone_071023_citibank_2c_u_s__credi.htm

TIME TO TAKEOVER CITIBANK, http://eslkevin.wordpress.com/2009/05/16/time-to-take-over-citibank-american-taxpayers-demand-that-obama-force-it-to-give-loans-to-help-home-owners-and-workers-take-over-badly-run-companies-like-general-motors/

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