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
As you most certainly have heard by now, His Royal Highness Lloyd Blankfein, CEO of Government Sachs, has announced he has decided to pay himself another $100 million bonus for his outstanding, “above and beyond the call of duty”, leadership. Although Goldman has paid back the TARP funds, their continued existence is still completely dependent on dirt cheap money borrowed from the taxpayers, compliments of Ben Bernanke at the Federal Treasury, AND through hundreds of billions of dollars in loans guaranteed by the Federal Depositors Insurance Corporation. Obviously we taxpayers are not concerned or we’d do something about it. But we’re just too busy taking care of a more important business: keeping the Democrats in office or pushing the Republicans in. So I will simply leave the Blankfein issue with the following depictions.
It’s like saying he has only enough money to last another 100 years instead of enough money to last another 300 years. How long can the bamboozled stockholder live on what they have left? Most likely, none! There dividends were cut to one penny every three months. [...]
Just about an hour ago CNBC announced that Goldman Sachs plans to pay out $16 billion in bonuses this year. Evidently the other news services haven’t picked up on this yet as I can find no articles about it. However, this is of no surprise for many reasons, but with their stock selling today for $186, a rise of $60 since September of last year (with a dip later in the year), they certainly seem to be out of the woods. And, of course, the $10 billion in TARP money and billions more in a stock sell to the government didn’t hurt any either. Especially when you consider that more money has come to them through the Federal Reserve.
If he and the SEC’ definition of justice is a lousy $33 million fine with no one being personally held accountable, then “the nation’s top Wall Street cop” really is in an “awkward” spot. In fact, the “spot” is much more than awkward; it’s outright insulting. [...]
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