it was backed by dexia the french economy minister is saying that dexia was two days away from bankruptcy they were bailed out rescued by the french from belgium and luxembourg governments but they had a aaa rating and were therefore able to borrow at zero percent and then lend to these municipalities across america which are now bankrupt they're being they have austerity measures forced upon them all of them are having their pensions their wealth their property seized via the currency of these credit default swaps that were created in order to defraud them of their property and wealth go to youtube and watch the show rewind the last twenty seconds and watch it about two or three times to slowly embrace what we're talking about this continued well dexie isn't the headline that i saw this week and i'm going to press a little google translate here to read the headline for you ok. i was a bankrupt and dutch you know well this is the new dexia boss and he's receiving an eight hundred thousand euro bonus on top of his one million euro salary and again this is a state owned bank use a civil ser

taxpayers so this is a dexia bank based in brussels and paris and it borrowed as much as thirty seven billion dollars from the fed with an average daily loan amount of twelve point three billion and eighteen months after lehman brothers holdings collapsed they made this into a film it would be triple x. rated because what you've got here are banks inserting collateralized debt obligations the various derivatives into each other or if this is plural in an overlapping manner then they lube it up with some of that credit default swaps banks the blood masters over there j.p. morgan and end up with the holy orgy so you don't really know were what arm fits the what body what leg sticking out of what and it's this godly consummation of corrupt kleptocrats swapping spit with each other and other vital banking fluids in a way to create a centrally banking gonorrhoea is what i should say dexie it is a plague. only to be exceeded by the people organs which is breaking socialist well max the subsidiary of dexia bank was called financial security assurance and there in this headline from october t