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It is naive to think that a few hundred people demonstrating outside is going to get the attention of anyone in JP Morgan Chase or Goldman Sachs. The highrollers in these institutions are living in another parallel universe with control of not only the billions of dollars that matter but also the influence that comes along with it... the USA has become an oligarchy and it's way too late to change that now since Americans have done this to themselves by overindulging in the last few decades and becoming slaves of these bigwigs. The constitution?...that's only for the middle class, the oligarchs don't need a stinking constitution because they write their own rules. Obama and the rest of congress are nothing more than puppets with the strings attached to Wall st.
All, please bow down, Goldman Sachs is in session....
well, the likes of the Citigroup CEO had their attention on it. so it seems it wasn't so naive.
According to the Federal Election Commission's data published April, 2011, here are the top aggregate contributors to federal elections. At the top of the image is a legend that describes the donor:
So... in the top 15 contributors, we have:
Extreme Left-wing ideologues,
a Union,
AT&T, which isn’t really a business but rather a protected monopoly
Realtors,
a Union,
a Union,
Trial lawyers who sue businesses,
a Union,
a Union,
a Union,
a Union,
a Union
a Union,
a Union, and... (drum roll, please)…
a Union.
Hmmm.... I think I’m detecting a pattern here. Moreover, according to the legend, there is not one – NOT ONE – contributor who contributes to the Republican Party or pro-business candidates.
Yes, it is pretty clear just exactly who the purchasers of influence are.
Me neither.
how come if i visit the website, the list on the website looks different than yours? the list on the website has Goldman Sachs at #7. Citigroup at 15. American Medical Assc at 16....
The root cause of the mess, of course, was re-writing the regulations implementing the Community Reinvestment Act to simultaneously (a) require banks & mortgage originators to extend more credit to those farther down the economic ladder who couldn't otherwise qualify for a loan coupled with (b) authorizing securitization of loans into MBSs, CDOs, and the alphabet soup about which we all know more than we wish we did.
You can thank Henry Cisneros & Roberta Achtenberg from HUD for this mess - -they led the efforts to rewrite the regulations in the first place.
you do realize that a very large majority of the loans written that caused this mess had no connection to CRA right? they were from institutions that were not under CRA oversight.
I show my feelings by voting and sometimes calling and writing but don't feel that marching is really that productive.
well, yes. but when voting, calling, and writing doesn't seem to get politicians to act in anyone's interest other than the biggest lobbyists, what tools do you have left? i think that's where we are right now, and why we have people protesting on all sides of the political spectrum.
Perhaps the protesters are the patriotic Americans, and their critics who are the dirt bag socialists and fascists.
The protestors are young and many out of work. They see their future being stolen from them. The youth who have jobs are not going to join a weekday protest...and anyway they haven't lost their job yet so what the hay? The slightly older folks and middle-aged folks who have a job may fear that being seen at such rallies will endanger their positions. The critics are well-off across the board, they don't see a problem because for them (at the moment) there is none. Anyway, the issues being brought into focus are bipartisan:
Karl Denninger – one of the founders of the Tea Party – supports the protests (even if he doesn’t agree with some of the positions taken by some of the protesters). Denninger posted the following letter today:
"You know what the “Occupy Wall Street” movement is?
It is all the things that were in the original Tea Party, but were steadily ignored as the TP became a Republican booster club.
The Tea Party is a contradiction. They want a balanced budget, but they also want the US military to intervene everywhere …. Individual rights are important too, but don’t push it too far. After all, republicans came up with today’s policies.
There are a few nuts in the OWS crowd, but from what I hear “Occupy Wall Street” is about bringing the fraudsters to justice. Its about changing the banker/government dynamic that runs this country. It’s about free markets. It’s about ending endless debt. It’s about stopping the wars. It’s about the rule of law. It’s about the libertarian [NEg note: that does not mean "liberal"] soul of America.
Since the TP lost the focus of addressing the root problems of America, they remain unresolved."
Last edited by RiverBird; 10-13-2011 at 04:01 PM..
how come if i visit the website, the list on the website looks different than yours? the list on the website has Goldman Sachs at #7. Citigroup at 15. American Medical Assc at 16....
Perhaps the picture is not as clear cut as you depict. From your same soure under the classification of "Special Interests"
Kind of looks as if the financial sector are the real heavy hitters.
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