How to topple JPMorgan and the other greedy big banks
"Rebel1" wrote in message
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With the wakeup call on election day, I'm not so sure Congress would try
that bailout folly again. They showered the banks with money at zero
percent interest (thanks to the private company called the Federal
Reserve Bank), which the banks then used to purchase risk-free
Treasuries, instead of lending to businesses to create jobs or for
expansion.
And to buy other banks to become even bigger. Congress has not yet learned
if you want to do something, do it directly, don't depend on trickle downs,
cross links, or hopeful behavior. It was as silly as believing tax breaks
for the ultra-rich mean they will turn right around and put that money in
American and not foreign investments. Wishful thinking. Easily disproved
by analysis, repeated endlessly anyway.
Obama is working hard to be remembered in history as the "cave in"
president. A healthcare bill that caved in to big pharma, a tax bill that
caving into the ultra-rich and a whole other bunch of comparably minor
collapses. I voted for him, but I feel pretty thoroughly duped by him. All
I wanted was for us to stop trying to build Muslim democracies in AfRaq at
the cost of trillions when our own infrastructure and economies are rotting
away. We're now in TWO Vietnams where we can't tell friend from foe.
Didn't we learn anything from those tens of thousands of dead and maimed
vets who, many killed by the same villagers they thought they were
defending?
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Bobby G.
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