WC Varones

Don't lend your hand to raise no flag atop no ship of fools

Bank of America, Citibank funding al-Qaeda terrorists in US Najibullah Zazi

Your tax dollars at work. TARP-sucking leeches Bank of America and Citibank need your tax dollars because they made unsecured credit card loans for tens of thousands of dollars to terrorist suspects who took the cash for unknown purposes and then filed bankruptcy:
Zazi, whose trip from Denver to New York last weekend set off a series of police raids in Queens, filed for bankruptcy in March, court records show.

Between 2005 and 2008, he opened credit card accounts with Bank of America, Chase, Capital One, Discover and Citibank and ran up a debt of more than $50,000.

When he filed for bankruptcy, Zazi said he hadn't worked in two months.

What kind of banks lend tens of thousands of dollars unsecured to 20-year-old coffee cart vendor / shuttle bus driver foreigners with no assets? Banks that know they'll get a government bailout if things go wrong. Banks that care more about jacking up immediate quarterly profits than weighing long-term risks. Banks that are partying along in Greenspan's easy credit bubble. If this terror attack had succeeded, Citibank and Bank of America would have funded it, and Alan Greenspan would have encouraged them to do it.

UPDATE 9/20/09: The story is gaining traction. Karl Denninger picked up the story and added to it (without attribution or even so much as a hat tip for ol' W.C., I might add) after I posted it in his forums and others in the forums started promoting it. Fed Up USA and JPMorgan666 are front-paging it.


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