The GOP: Totally Owned By Wall Street (lobbyists, lobby, insurance)
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Otherwise back on topic to the OP yes, the GOP is completely owned by wall street and Willard is going to continue to "finish the job" Bush started by transforming american in their extreme right, corporatist/fascist reign.
yes the gop is owned by wall street, just as the democrat left is owned by the eco-nuts and unions.
I've seen the video many times. Pelosi is an idiot. Both parties fully own the melt down.
The GOP went after F&F and was blocked by the Dems. The Dems went after the investment banks and were blocked by the GOP. They both then came together and screwed the public by bailing both out.
Thank you for the clarification, and I agree completely. Please see post #29 in this thread.
Quote:
Originally Posted by monkeywrenching
yes the gop is owned by wall street, just as the democrat left is owned by the eco-nuts and unions.
AND WALL ST. and CORPORATIONS along with the rest. Stop perpetuating the lie that Wall St is all GOP when they back Dems 150% more than the GOP candidates. The dems have their nasty little fingers in every pie they can find. They never saw a lobbyist they couldn't give a hummer to for cash. Capitol Hill prostitutes and pimps posing as legislators.
At least Republicans can keep their lies straight.
Thank you for the clarification, and I agree completely. Please see post #29 in this thread.
AND WALL ST. and CORPORATIONS along with the rest. Stop perpetuating the lie that Wall St is all GOP when they back Dems 150% more than the GOP candidates. The dems have their nasty little fingers in every pie they can find. They never saw a lobbyist they couldn't give a hummer to for cash. Capitol Hill prostitutes and pimps posing as legislators.
At least Republicans can keep their lies straight.
Yeah, the corporations aren't stupid....they give money to everybody. Like Exxon, who gave money in 2008 to (in decending order of amount recieved) Obama, Clinton, McCain.....
This is just mind boggling for me.
It is painfully obvious to anyone with more than two brain cells to rub together and an objective mindset that our economy and the livelihood of working class Americans was destroyed by the reckless actions of the power elite gambling junkies on Wall Street.
Yet, almost the entire GOP, including presidential hopeful Mitt Romney are doing everything in their power to keep the crooked banksters unregulated and unleashed to continue what should be deemed economic terrorism.
More regulation is not the answer. GOP wants to break up the big banks for real results
It would appear that neither the OP nor many of the posters in this thread are paying attention to the rhetoric coming out of the GOP.
Simply stated, Frank-Dodd is a disaster in the making and we are watching it play out. The result is an undue burden on small independant and regional banks (the same ones who make small business loans) being held to the same standards as the likes of Citigroup, Goldman-Sachs, Merrill-Lynch/BOA, JP Morgan, Chase, etc... .
The real problem is that we have about five US banks holding over 60% of this nation's wealth and business. If you listen very carefully to Eric Cantor and others in the GOP you will hear that what they are saying is: Regulations are not working because even in place they did not stop transactions like the $2 Billion loss of JP Morgan. A different approach is needed. I firmly believe that the GOP is headed toward breaking up the largest banks in the US instead of adding more regulations on top of regulations.
The problem with Progressive Democrats is they think that regulation is a cure for all ills when clearly it is not. Regulation did not stop the derivatives debacle and Frank-Dodd doesn't prevent it from happening again. If Obama and the DNC were really concerned they would have immediately re-instituted Glass-Stegal while they had control of Congress.
Nope, this is just more political theater from the left.
It would appear that neither the OP nor many of the posters in this thread are paying attention to the rhetoric coming out of the GOP.
Simply stated, Frank-Dodd is a disaster in the making and we are watching it play out. The result is an undue burden on small independant and regional banks (the same ones who make small business loans) being held to the same standards as the likes of Citigroup, Goldman-Sachs, Merrill-Lynch/BOA, JP Morgan, Chase, etc... .
The real problem is that we have about five US banks holding over 60% of this nation's wealth and business. If you listen very carefully to Eric Cantor and others in the GOP you will hear that what they are saying is: Regulations are not working because even in place they did not stop transactions like the $2 Billion loss of JP Morgan. A different approach is needed. I firmly believe that the GOP is headed toward breaking up the largest banks in the US instead of adding more regulations on top of regulations.
The problem with Progressive Democrats is they think that regulation is a cure for all ills when clearly it is not. Regulation did not stop the derivatives debacle and Frank-Dodd doesn't prevent it from happening again. If Obama and the DNC were really concerned they would have immediately re-instituted Glass-Stegal while they had control of Congress.
Nope, this is just more political theater from the left.
I applaud your awareness of the situation. The thought of something that is too big to fail means that every manager, every board member, and every director, has no reason to worry about how they invest the banks money. Look at Corzine (D) and his $6B gamble as CEO of MF Global. This is exactly why the world is in the mess it is. If these banks lose they are covered with bailouts, and if they make money they get a big fat bonus. It's a win win for them, and a lose lose for tax payers.
For all the Dems who wrongly want to make the Wall St mess a GOP thing; please explain why Corzine isn't in jail. Explain why not one banker has been arrested under this Dem Congress. When we had the S&L crisis more than 1200 bankers were fined or jailed. The financial meltdown in 2008 dwarfed the S&L crisis, and was intentionally created by repackaging toxic assets as AAA instruments. The Dems owned all branches of government from 2008-2010. Why did they deliver more cash to these thieves rather than investigating and imprisoning them?
Look how well regulations worked at keeping Chase and their UK Whale from losing $3B+. Too big to fail, should mean time to be broken up.
It would appear that neither the OP nor many of the posters in this thread are paying attention to the rhetoric coming out of the GOP.
Simply stated, Frank-Dodd is a disaster in the making and we are watching it play out. The result is an undue burden on small independant and regional banks (the same ones who make small business loans) being held to the same standards as the likes of Citigroup, Goldman-Sachs, Merrill-Lynch/BOA, JP Morgan, Chase, etc... .
The real problem is that we have about five US banks holding over 60% of this nation's wealth and business. If you listen very carefully to Eric Cantor and others in the GOP you will hear that what they are saying is: Regulations are not working because even in place they did not stop transactions like the $2 Billion loss of JP Morgan. A different approach is needed. I firmly believe that the GOP is headed toward breaking up the largest banks in the US instead of adding more regulations on top of regulations.
The problem with Progressive Democrats is they think that regulation is a cure for all ills when clearly it is not. Regulation did not stop the derivatives debacle and Frank-Dodd doesn't prevent it from happening again. If Obama and the DNC were really concerned they would have immediately re-instituted Glass-Stegal while they had control of Congress.
Nope, this is just more political theater from the left.
Forget it. You're not going to convince the OP that the Dems are also owned lock, stock, and barrel by Wall St. as well, and that the Obama Admin is the most Wall St. owned administration in recent memory. He needs to find these things out for himself.
I dont know about that. Reagans puppet strings were being pulled by Don Regan (Merrill Lynch) all the way.
I dont know about that. Reagans puppet strings were being pulled by Don Regan (Merrill Lynch) all the way.
You aren't implying that because Reagan was owned (to a degree) by Wall St. that Obama isn't, are you? It's clear that every President since JFK were/are in the back pockets of big finance and corporations.
LBJ; "I can't get out of this damn war (Viet Nam) because all my friends are making too much money"
Rockefeller backed Nixon, and Brezhnev (Russian Premier), our cold war enemy, defended him during watergate; even though Nixon spit in his face by opening up China. The world bankers were behind him, he removed the direct convertability of the US currency to gold, making him their boy.
Carter; nuff said
Reagan had more than 1200 bankers arrested or fined for their participation in the S&L crisis.
How many bankers has Obama's administration arrested for the 2008 financial meltdown and toxic asset repackaging scams?
The answer is none, not a single major bank director or board member has been arrested. Based on this obvious reality, who do you think owns Obama?
Last edited by steven_h; 06-02-2012 at 02:48 PM..
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More regulation is not the answer. GOP wants to break up the big banks for real results
