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A blind man could see how this was going to go, especially given the cast that Trump lined his cabinet with. They are as far removed from his working class voters as a pig is from a space ship. Every decision he will make is going to be slanted toward making the rich get richer on the backs of ordinary folks.
This country will continue to go down the drain as long as the Bankers control our government.
Everything they have done in the past 30 years is a testament to it.
What is that old saying?
Repeating the same mistakes of the past and expecting a different result?
The kingpin of the bunch, Goldman Sachs proved from 2008 they are not working for this country but for themselves when they shorted their own clients in 2008.
Wall Street is not working for this country, they are working for a very small percentage of Americans.
Majority of the wealth is not held by Americans with a 401K or pension plan but by Banking and Corporate CEO's
This is also why they want to end social security so everyone will send Wall Street their money instead so they have more of your money to play with.
Why don't the shysters on Wall Street support the government investing social security money on Wall Street?
Because everyone would have to be a winner then and they cannot have that, they want losers to steal money from.
Maybe that was the wrong word. He trusted people he should not have.
While true he may have trusted some shady characters, the ideological deregulation fervor didn't help the situation & continues, relatively unabated in the present day.
Here's someone who it might've been better not to trust:
Quote:
...Neil Bush was a member of the board of directors of Denver-based Silverado Savings and Loan during the 1980s' larger savings and loan crisis. As his father, George H. W. Bush, was Vice President of the United States, his role in Silverado's failure was a focal point of publicity. According to a piece in Salon, Silverado's collapse cost taxpayers $1.3 billion.[2]
The US Office of Thrift Supervision investigated Silverado's failure and determined that Bush had engaged in numerous "breaches of his fiduciary duties involving multiple conflicts of interest." Although Bush was not indicted on criminal charges, a civil action was brought against him and the other Silverado directors by the Federal Deposit Insurance Corporation; it was eventually settled out of court, with Bush paying $50,000 as part of the settlement.[3] ...
This country will continue to go down the drain as long as the Bankers control our government.
Everything they have done in the past 30 years is a testament to it.
What is that old saying?
Repeating the same mistakes of the past and expecting a different result?
The kingpin of the bunch, Goldman Sachs proved from 2008 they are not working for this country but for themselves when they shorted their own clients in 2008.
Wall Street is not working for this country, they are working for a very small percentage of Americans.
Majority of the wealth is not held by Americans with a 401K or pension plan but by Banking and Corporate CEO's
This is also why they want to end social security so everyone will send Wall Street their money instead so they have more of your money to play with.
Why don't the shysters on Wall Street support the government investing social security money on Wall Street?
Because everyone would have to be a winner then and they cannot have that, they want losers to steal money from.
IMO..it was a big mistake for Obama and the rest of government to have never held even one of them accountable and sent off to jail. No prosecuting anyone sent the absolute wrong message. That being said, this rolling back of regulations to the point at which the current corrupt administration is doing is a tragedy and people need to wake up. The swindler in the White House spoke a good game but that was only to steal Bernie Sander's message to garner more support for himself. What a fraud!
Last edited by sickofnyc; 02-04-2017 at 10:22 AM..
IMO..it was a big mistake for Obama and the rest of government to have never held even one of them accountable and sent off to jail. That being said, this rolling back of regulations to the point at which the current corrupt administration is doing is a tragedy and people need to wake up. The swindler in the White House spoke a good game but that was only to steal Bernie Sander's message to garner more support for himself. What a fraud!
It would have been harder for him to steal the message if Bernie had actually been the messenger.
This country will continue to go down the drain as long as the Bankers control our government.
Everything they have done in the past 30 years is a testament to it.
What is that old saying?
Repeating the same mistakes of the past and expecting a different result?
The kingpin of the bunch, Goldman Sachs proved from 2008 they are not working for this country but for themselves when they shorted their own clients in 2008.
Wall Street is not working for this country, they are working for a very small percentage of Americans.
Majority of the wealth is not held by Americans with a 401K or pension plan but by Banking and Corporate CEO's
This is also why they want to end social security so everyone will send Wall Street their money instead so they have more of your money to play with.
Why don't the shysters on Wall Street support the government investing social security money on Wall Street?
Because everyone would have to be a winner then and they cannot have that, they want losers to steal money from.
Re: that old saying? There's a 'sister' saying that goes, “Loyalty to our ancestors does NOT include loyalty to their mistakes." Including, in these particular scenarios, ideological mistakes, such as these:
Breaking the Silence: FCIC Report Brings the Focus Back to Wall Street
Quote:
...Over three decades, our government was captured by a libertarian-inspired economic philosophy that had previously been considered radical and impractical — correctly so, as it turns out. That philosophy’s most prominent spokesman, former Ayn Rand acolyte Alan Greenspan, was celebrated as a “maestro,” until the house of cards he came to symbolize finally collapsed.
The prevailing economic myth, of an impossibly wise and genuinely free market, was as useful as it was Utopian. It provided ideological cover for the deregulation that both parties embraced. Government leaders were compromised by the lure of huge campaign contributions, and by a revolving door that ensured future wealth for cooperative politicians and regulators from both parties. The result enriched Wall Street and the Washington elite and left the rest of the country wounded.
The deregulation of the 90s allowed banks to take risks they couldn’t possibly survive. But they had been rescued in previous crises, and the cozy relationship between government and bankers assured them they’d be bailed out again. Freed from the consequences of their own actions, they gambled... and we lost. ...
IMO..it was a big mistake for Obama and the rest of government to have never held even one of them accountable and sent off to jail. No prosecuting anyone sent the absolute wrong message. That being said, this rolling back of regulations to the point at which the current corrupt administration is doing is a tragedy and people need to wake up. The swindler in the White House spoke a good game but that was only to steal Bernie Sander's message to garner more support for himself. What a fraud!
Those 'Too Big To Fail' were & remain too big to care about being held accountable. They pay the fines & call it a day - they simply factor in as a cost of doing business, they admit no wrong doing & move on.
Fiduciary duties, responsibilities &/or obligations? You jest. They were & are accountable to no one. All legal (or at least too difficult to evidence otherwise) & ideologically pure for the diehards.
I voted for Mr. Sanders in the NY primary. Too few heard his message. Some of those who did hear continue to mock him as they do Ms. Warren.
& as we all know & continue to be told ad nauseum ad infinity - Mr. Trump won.
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