Larouche is nothing but a convicted criminal and cult leader who was sent to prison in the 1980s for hijacking over 30 million dollars from people who thought that he was a legitimate person. In this regards, Larouche is more of a Bernie Madoff with his cult’s promissory note schemes and credit card fraud. Like Madoff, hardly anyone who lost a total of nearly 34 million dollars in this madmans delusions and fraud will ever see a dime.

Larouche has been a socialist, communist, Christian, left/right winger, pro Russian, anti Russian and anything else you can imagine to sucker people to his delusions.For over 40 years he has been running a cult of endless economic collapse, New Dark Ages and Nuclear war to recruit enough naive colege kids to drop out of school and support him. His cult skips many labor laws as he has them called “volunteers” and has them running like hamsters 18 hours a day, 6 1/2 to 7 days a week with one crisis after another for about 20 to 40 dollars a week.

This cult circus has been going on for over 40 years by Larouche who has to recruit new blood to replace the worn out and broken down cult members who are discarded or those who have figured out how this farce works. Several hundred people have left the cult and in the last dying days of the elderly Larouche, he needs a few naive people to keep him and his wife living that millionaire lifestyle.

You can read about how this charade is run on sites like:

http://laroucheplanet.info/

http://lyndonlarouchewatch.org/

http://www.factnet.org/ under discussions where there are over 6K posts from former members about this lunacy.

If you give your name and phone number to the cult, they will be calling you endlessly to save humanity which seems to be only done by emptying your babk account with them. If you are in college, then the way to save humanity is for you to drop out of college, toil endlessly at their card table shrines or boiler rooms raising money for him. You bascialy work for free as most people in cults.

Whatever is the current script is all just a mirage as it can change on a dime when Larouche needs yoo to raise money from another list of people. Last year, Obama was the devil incarnate, now, Obama is being advised by Larouche. Read up on how this cult operates so you do not get hoodwinked by them.

And we will only worsen and only Barry will have to answer for it. He is covering…talking about salaries, not fixing the problems. But I guess, how can he, if the peoople telling him what to do are the ones who created the problem and want it to continue.

He can give empty words, but when the problems worsen, those words won’t help him.

http://www.larouchepac.com/lpactv?nid=9862

Thanks for the link and that piece is a good overview of how the crises was caused and who played what roles. However, the federal reserve and treasury’s actions taken since mid Sept. 2008 to the present are outrageous at best and seriously creepy at worst (yeah, technical terms, I know.)

I watched ALL of Paulson and Bernanke up on the hill in Sept. 2008. Their request for the original $700 billion was stunning but their reasoning and argument for its necessity (and outward behavior) were NOT credible.

We’ve been told its all too complex to go through chapter 11 bankruptcy and I happen to know that is simply untrue. Complexity is NOT the reason. I have a couple different theories as to why bankruptcy is being avoided at the cost of trillions (no exaggeration), some benign and some not. The ensuing statements and actions by the federal reserve and treasury however, are very, very troubling.

Your objectivity is apparently clouded.

When this breaks open [as I think it will eventually] Geithner and the Obama administration will have people calling for public lynchings. The Obama people may think they’re standing between the banksters and pitchforks now. But as Larry so succiently stated: a house without a foundation cannot stand. Not even if you repeat: “yes we can” in fast forward.

What a disastrous mess!

One, as outlined in a New York Times front-page story on Sunday, December 21, is that President Bush excessively promoted growth in home ownership without sufficiently regulating the banks and other mortgage lenders that made the bad loans. The result was a banking system suffused with junk mortgages, the continuing losses on which are dragging down the banks and the economy.

The other narrative is that government policy over many years–particularly the use of the Community Reinvestment Act and Fannie Mae and Freddie Mac to distort the housing credit system– underlies the current crisis.

The stakes in the competing narratives are high. The diagnosis determines the prescription. If the Times diagnosis prevails, the prescription is more regulation of the financial system; if instead government policy is to blame, the prescription is to terminate those government policies that distort mortgage lending.

Read the whole truth here: http://spectator.org/archives/2009/02/06/the-true-origins-of-this-finan

I mean, I guess its possible that they were all myopically blinded to the result by rabid, wild-eyed greed but, really? Consider:
(1) adopting bailouts rather than established chapter 11 bankruptcy mechanisms and continuing them;
(2) Treasury’s attempt to get control over the U.S. business decisions/personnel;
(3) Geithner’s acknowledgment that ‘we’re open to evolving into a new global currency’; and,
(4) Obama agreeing to an international regulation board of U.S. companies.
I am starting to get very, very nervous.

Obama and all these socialist Democrats supported this crap knowing full well that you don’t have a right to own a home.

You can either rent or buy a home. There are advantages and disadvantages to it.

Black is an ass and wants to support Obama knowing full well that his socialist theory is behind this shit.

It is like mixing Oil with Water. It does not work.

BILL MOYERS: To hear you say this is unusual because you supported Barack Obama, during the campaign. But you’re seeming disillusioned now.

WILLIAM K. BLACK: Well, certainly in the financial sphere, I am. I think, first, the policies are substantively bad. Second, I think they completely lack integrity. Third, they violate the rule of law. This is being done just like Secretary Paulson did it. In violation of the law. We adopted a law after the Savings and Loan crisis, called the Prompt Corrective Action Law. And it requires them to close these institutions. And they’re refusing to obey the law.

The bluntness of the admission was surprising.