oldsuretyguy

Save the Bailout Drama

Unfortunately, the troops won't turn against the politicians....they'll turn against us. Won't they!


On Dec 15 08:32 AM Eric W. wrote:

> They won't get it until there are riots and people withold tax money
> and troops turn against the politicians.

Our Economic Crisis: The Grand Experiment

Politics = Corruption. Every government on earth is corrupt by definition. We've given some of the world's worst despots a primer on corruption.


On Dec 15 10:25 AM xmplary wrote:

> We were told many things that were wrong. The politics here seems
> to be getting as corrupt as those of the 3rd world countries. Just
> look at the Illinois Governor for an example. Wall Street has become
> a place for even bigger and bolder scammers as well. If we can't
> count on the people that are supposed to represent us, who can we
> trust?

Our Economic Crisis: The Grand Experiment

Around the turn of the last century, our government leaders distrusted and were at odds with Wall Street bankers, ie Morgan, having just rescued the country from the robber barons. A few decades later a couple of banking acts were passed to protect the country from manipulative Wall Street banking behavior. Memory, however, is short and It would appear that when we (deregulate) fall asleep at the wheel and turn the entire US financial system over to the bankers....this is what we get. Too little regulation of the financial system and too many cronies in each others pockets for the mere citizen to get a fair shake. It takes a "melt down" as we are seeing now for things to change. By then, the very wealthy will have swallowed another large slice of the soft US underbelly at pennies on the dollar. Since the bankers control the US financial system, is it any wonder they got paid off first($700B) at taxpayers expense?