Punish?
NASA’s budget was 20 billion a year,
and the bankers were given 800 billion per whine
as they and the DNC/RINOs tanked America into debt
for generations.
With the money, they have bought stock and gold.
3) Did they punish fraud or corruption in any way to insure that the system was clean? NOPE
Socialists desire to practice legal plunder, not illegal plunder. Socialists, like all other monopolists, desire to make the law their own weapon. And when once the law is on the side of socialism, how can it be used against socialism? For when plunder is abetted by the law, it does not fear your courts, your gendarmes, and your prisons. Rather, it may call upon them for help. - Bastiat
Socialism Is Legal Plunder
http://bastiat.org/en/the_law.html#SECTION_G020
This is very interesting! I never thought about it this way.
The Lawyers’ Party,
By Bruce Walker
The Democratic Party has become the Lawyers Party.
Barack Obama is a lawyer. Michelle Obama is a lawyer.
Hillary Clinton is a lawyer. Bill Clinton is a lawyer.
John Edwards is a lawyer. Elizabeth Edwards was a lawyer.
Every Democrat nominee since 1984 went to law school (although Gore did not graduate).
Every Democrat vice presidential nominee since 1976, except for Lloyd Bentsen, went to law school.
Look at leaders of the Democrat Party in Congress:
Harry Reid is a lawyer. Nancy Pelosi is a lawyer.
The Republican Party is different.
President Bush is a businessman.
Vice President Cheney is a businessman.
The leaders of the Republican Revolution:
Newt Gingrich was a history professor.
Tom Delay was an exterminator Dick Armey was an economist.
House Minority Leader Boehner was a plastic manufacturer.
The former Senate Majority Leader Bill Frist is a heart surgeon.
Who was the last Republican president who was a lawyer? Gerald Ford, who left office 31 years ago and who barely won the Republican nomination as a sitting president, running against Ronald Reagan in 1976.
The Republican Party is made up of real people doing real work, who are often the targets of lawyers.
The Democrat Party is made up of lawyers. Lawyers produce nothing. In essence, they are scavengers, feeding off those who actually produce something. Democrats mock and scorn men who create wealth, like Bush and Cheney, or who heal the sick, like Frist, or who study and teach history, like Gingrich. The Lawyers Party sees these sorts of people, who provide the goods and services that people want and need, as the enemies of America.
Against whom do Hillary and Obama rail?....Pharmaceutical companies, oil companies, hospitals, manufacturers, fast food restaurant chains, large retail businesses, bankers, and anyone producing anything of value in our nation. This is the natural consequence of viewing everything through the eyes of lawyers. Producing nothing, they are parasites, surviving only by sucking blood from those who actually work. They then feather their beds by taxing those who produce and giving to those who do not, thereby winning votes. Lawyers seek to have new laws passed, they seek to win lawsuits, they press appellate courts to overturn precedent, and lawyers always parse language to favor their side.
Confined to the narrow practice of law, lawyers have a place in the market. But putting them in public office is an awful way to govern a great nation. When politicians as lawyers begin to view some Americans as clients and other Americans as opposing parties, then the role of the legal system in our life becomes all-consuming. Some Americans become adverse parties of our very government. We are not all litigants in some vast social class-action suit. We are citizens of a republic that promises us a great deal of freedom from laws, from courts, and from lawyers.
Today, we are drowning in lawyers; we are contorted by judicial decisions; we are driven to distraction by omnipresent lawyers in all parts of our once private lives. America has a place for laws and lawyers, but that place is modest and reasonable, not vast and unchecked. When the most important decision for our next president is whom he will appoint to the Supreme Court, the role of lawyers and the law in America is too big.
When House Democrats sue America in order to hamstring our efforts to learn what our enemies are planning to do to us, then the role of litigation in America has become crushing.
Perhaps Americans will understand that change cannot be brought to our nation by those lawyers who already largely dictate American society and business. Perhaps Americans will see that hope does not come from the mouths of lawyers but from personal dreams nourished by hard work. Perhaps Americans will embrace the truth that more lawyers with more power will only make our problems worse.
The United States has 5% of the world’s population and 66% of the world’s lawyers! Tort (Legal) reform legislation has been introduced in congress several times in the last several years to limit punitive damages in ridiculous lawsuits such as spilling hot coffee on yourself and suing the establishment that sold it to you and also to limit punitive damages in huge medical malpractice lawsuits. This legislation has continually been blocked from even being voted on by the Democrat Party. When you see that 97% of the political contributions from the American Trial Lawyers Association go to the Democrat Party, then you realize who is responsible for our medical and product costs being so high!
All of those points show the interests of the Tea Party and Occupy Wall Street converging where the banks are concerned.
Interesting times.
Print more money! Duh?
Well, at least the Pope is on-board with Obama now......sarc
Feb 4, 2014
Pope: ‘unjust’ unemployment can mean sin, suicide
By NICOLE WINFIELD
Associated Press
VATICAN CITY (AP) — Pope Francis extolled the benefits of sharing wealth with the poor on Tuesday, warning that “unjust” social conditions like unemployment can lead to sin, financial ruin and even suicide.
“When power, luxury and money become idols, they take priority over the need for a fair distribution of wealth,” he said in the short message. “Our consciences thus need to be converted to justice, equality, simplicity and sharing.”
bump tot the top
Banks wrote off 10s of billions in bad debt. There were tons of foreclosures.
2) Did they implement structural reforms to insure another 2008 didn’t happen? NOPE
US banks raised billions in new capital and you can bet your ass they aren't rushing into silly lending to poor credit risks.
3) Did they punish fraud or corruption in any way to insure that the system was clean? NOPE
The government would need to reduce their interference to clean up the system. Fannie and Freddie are still standing, so nope.
They cut interest rates over 500 times and funneled over $10 trillion into the financial system, over 98% of which went to the very players (key banks) who nearly blew up the world in 2008.
Yeah, short term, repaid loans are scary.
And people are actually surprised that the system is back in trouble again?
Trouble, where?
I know that the connected elites loved it because the whole process allowed them to hand off their garbage investments to the public
Which ones?
while leveraging up to acquire more assets via the Fed’s cheap money
Nobody is borrowing cheap money from the Fed.
So here we are today, Europe’s already insolvent banks are now potentially on the hook for $3 trillion in Emerging Market investments.
Yeah, Europeans are stupid.
I keep saying/writing the same $hit.
Only a small minority care. The rest ‘rationalize’.
It’s maddening...
Thailand?