Democrats want to take all our money and return to us one dime out of each dollar.
Republicans want to take all our money and give it to corporations and the wealthy.
Neither is acceptable!
Campaign 2010
Countdown to Congressional Elections
The most effective way to restrict democracy is to transfer decision-making from the public arena to unaccountable institutions: kings and princes, priestly castes, military juntas, party dictatorships, or modern corporations.
Noam Chomsky, M.I.T. emeritus Professor of Linguistics
Glenn Beck has only one objective: To become famous and the most talked-about person in the news media and the viewing audience. And he doesn’t care how he achieves that goal, or how much damage he inflicts along the way — just as long as he does it. Of course, making millions in the process is a bonus. In his mind, becoming famous is priority-one. And if people die and the country fails, so be it. That’s the price he’s willing for America to pay.
There’s been much ado about the recent $550 million fine the Securities and Exchange Commission imposed on Goldman Sachs for lies and omissions about the ABACUS 2007-AC1 subprime mortgage derivatives. Goldman cost investors more than $1 billion while making a very tidy profit themselves, but not as much as the man who designed the derivatives package for Goldman. John Paulson made $1 billion off the scam. Goldman called the fine “a major victory” for them. And rightly so. First, everyone, including Goldman, was expecting a $1 billion fine (God bless the SEC). Second, the actual fine still leaves Goldman with profits from the scam. Third, $550 million is what Goldman makes in about three days. And finally Goldman got off without any fraud charges being filed against them. I have no doubt Lloyd Blankfein and his cronies had a huge Champaign party Wednesday night celebrating their biggest victory since they ripped off taxpayers in 2008. It’s great to have friends in high places.
This is a video you don’t want to miss — one of Wall Streets’ own making Wall Streeter’s mouth drop open. In this case, Wall Streeter’s being the three political capitalist on CNBC’s “The Call” and another guest.
Certainly you recall all the “outrage” over middle-class home owners walking away from their mortgages when they could no longer afford them. You couldn’t have possibly missed it. Most of Wall Street and their public relations networks talked about it often. Each time a status report was released on the subject, the “wealthy world” made sure it got top billing for at least a week: “They have a contractual obligation and shouldn’t be allowed to simply walk away from it”. But now that wealthy folks are walking away from their mortgages “at a rate that greatly exceeds the rest of the population”, not a peep from anyone!
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