beautyseer

Is the Megabank Model Dead?

The 1930s New Deal reforms limited banks to operating in one state, as I recall from my study of that period. Wright Patman, D-Texas, chairman of the House Banking Committee, was the political hero who staunchly stood guard over that rule for decades. It was a good one, and kept banks from becoming so large, so greedy and so arrogant that their managers could give themselves millions in bonuses while they were wrecking everything for everyone else. Worldwide.

AIG Bonuses Are Just the Tip of the Iceberg

Yes. It is time to make American businesses competitive again by confiscating all bonuses over $250,000 per year. If this is agood reason to pay hourly employees third world wages in "the greatest country in the world," it makes sense for pirate capitalists with their corporate jets, which they have recklessly crashed into their own corporate towers. Time for the REAL "War on Terrorism," Waa Street! We now know who the real enemies of the American Way of Life for all are -- the people who extend credit to American middle class families instead of paying them a living wage, securing their health care on an affordable basis and providing the possibility of retirement with dignity for all who made contributions to the working world in adulthood. Make the banks get so small they can't hurt us any more. Make AIG officials go to jail forthe outright fraud of insuring soap bubbles in tornadoes and then expecting the rest of us to pay. Make sure this insane bonus system ends badly for the greedy.

Credit Card Cancer

Big money pirate capitalists have American wages in a race to the bottom so we can "compete" with the third world. CEO and board room management pay and bonuses excepted, of course! So the burden of providing a decent life to average Americans has fallen to credit. And people will not save until they have secured what they believe are the necessities. And a consumer economy is built on devouring the earth, not a measured and reasonable use of resources. The tower of our arrogance and "superpower" is in rubble in every city in America tonight. Time to imagine a better way of life, and to begin building that -- for us ALL.

How About Adjustable Principal Mortgages Instead?

The greedy CEOs and their self-serving management cabals have destroyed capitalism as surely as greedy elite bureaucrats destroyed communism. While proclaiming "free" enterprise, these pirates used the false rallying cry of "decontrol" to put government in the pocket of special, big-money interests and create a national Ponzi scheme in which we are still trying to help AIG pay off on soap bubbles blown in a tornado. The job of government -- the reason that it is instituted -- is to protect ALL the people, not just the elites that want every country to become a third world country for the purposes of holding down production (while padding their own inconscionable bonuses, decorator offices, resort vacations, and corporate air forces. Stop trying to save big ANYTHING. Government is US, trying to rebalance the inherent imbalances that make for poverty and injustice, choas and illness for all unless we take so collective responsibility against them. But this asset crisis is larger than any institution can solve by throwing money at it. What is needed now is an international day of debt forgiveness. Wipe the books clean. Nobody owes anybody anything. Begin again. With due caution and concern for the well being of ALL this time. Despite what you may have heard on talk radio, it is NOT all about the money. When the smoke clears, we stand in the ruins -- economically, environmentally, politically -- and must imagine a better way of life and begin to build it from the ground up in local, sustainable communities. After the empire, in the supershambles of lost "superpower" we will need to cooperate, and think small. In a drug-free America!