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Mike Stathis is the Managing Principal of Apex Venture Advisors, a business and investment intelligence firm for the private and public markets, serving the needs of venture firms, corporations and hedge funds. Mike’s work in the private markets includes valuation analysis, deal structuring,... More
My business:
AVA Investment Analytics
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avaresearch.com
My book:
America's Financial Apocalypse: How to Profit from the Next Great Depression
  • When Does it All End? The Abuse Continues. 2 comments
    Apr 22, 2009 02:12 AM

    Trillions of dollars for the bailouts haven’t satisfied the banks and automakers. They want more, and they’re spending your dollars to make sure they get it. According to the Associated Press, the top 10 recipients of the TARP spent about $9.5 million on lobbying during the first quarter of 2009.

    Take a guess who the biggest spender was. GM of course; the company in the worst financial trouble. In just the first three months of 2009, GM handed over $2.8 million to lobbyists so they could bribe Washington officials for more taxpayer dollars. With already over $13 billion in bailout funds and much more on the way, spending $3 million is a very cheap price to pay to ensure billions in handouts, especially when these bribes have essentially come from taxpayer funds. The list goes on.
     
     
    I don’t care if these companies raised lobbying funds from employees selling their blood. The fact is that all lobbyist activities must be completely banned if America ever expects to recover from this depression.
     
    This type of corruption is the exact reason why the banks and real estate industry were able to carry out their Ponzi scheme. This is a complete slap in the face of every single American. These shameless, disgraceful companies continue to lobby because they know corruption is the rule in America. Americans should be stampeding Capitol Hill in protest. I continue to be disgusted with this nation each and every day.
     
     
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This post has 2 comments:

  •  
    It's really amazing. So much apathy in America. Obvious corruption in all three branches of government and the population remains as docile as sheep. If we're unwilling to stand up and hold our criminal politicians accountable, why should we expect a happy ending. Why do we deserve freedom and prosperity if we take them for granted. Unfortunately we have failed our children and grandchildren and we will surely pay a steep price well beyond the imagination of the majority.

    Here is an appropriate quote by Mike Vanderboegh. Will it be prophetic?

    "Anyone who tells you that "It Can't Happen Here" is whistling past the graveyard of history. There is no 'house rule' that bars tyranny coming to America. History is replete with republics whose people grew complacent and descended into imperial butchery and chaos."

    Mike, keep up the good work.

    2009 Apr 22 09:36 AM Reply
  •  
    Well said. It truly is amazing. It's as if America has become a nation of zombies.
    2009 Apr 23 04:13 AM Reply
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