You have to forget stereotypes when you read my thoughts here. Sticking neo-con bogeymen between the lines is wrong.
You’d be arguing with some stupid neo-con ghost, who thinks corporations do only good things or something. That’s a Plutocrat Media myth anyway pretty much, except maybe in Congress and the White House where Dems and Reps both put their vote where the stereotype is. (Except for some –not all but many– of the new tea partiers, who refused earmarks.
Corporations who beg for freebies from government at our expense, and the fascists and socialists who use it to increase the power of the corporate-government complex, they’re all guilty.
And there’s this: “Oh, right – banks were ***forced*** to make those sub-prime loans.” No argument from me there. I have exposed them for joining in the party, but it was the people in those institutions who did it. I have exposed the Bush-Obama administrations for interfering with the free market forces where those hustlers that dealt in all that funny money would have paid for it.
But the government banks Fanny Mae and Freddie Mac should also pay.
They should have had to declare bankruptcy and lose all that money. The courts could have chopped them up into pieces and sold off any assets that were worth something to the smaller banks that refused to corrupt themselves.
Besides, in some cases, there were the government offices that did lean on banks to loosen up funds for the poor in marginal cases, and “social justice” hacks that threatened demonstrations.
And the point is: You can’t trust anybody in positions of power, you have to watch them carefully all the time. Corporate or government.
Who robbed us to pay Wall Street? It wasn’t Wall Street directly now was it. It was the Bush-Obama plutocracy operatives.
Government needs to be reminded that they work for us, not the other way around. We don’t like them using our money to buy a golden parachute in some crony capitalist structure like Goldman-Sachs after they’ve robbed us. We don’t like them increasing their political and economic power at the expense of the rest of us with phony excuses like our sick relatives! It’s a snow job that makes the Arctic look like a tropical paradise!
And again, the Fed is indeed over-regulating everything along with the rest of government. You’d need a caravan of dozens of Mac Trucks to carry just the OSHA regulations from one office to another!
Look how Obama’s government is still saving the behinds of their bosom buddies on Wall Street. All those junk bonds and junk derivatives TOOK WALL STREET TO BANKRUPTCY, and it was this crony capitalist GOVERNMENT that gave them OUR money.
In a previous post I provided a link to the article that showed about the SS fund. If you actually read it, it will help you understand how there is no “lock box” for those funds, and how Congress and the White House for decades have tried to fool us by including their assets in the positive side of their balance sheet but deceitfully leaving out the unfunded liabilities in the tens of trillions of dollars.
401K’s, on the other hand, ARE in their own funds, and safe as long as the socialists leave it alone.
THE FED IS A PRIVATE CORPORATION. It is even worse than that. People should ask themselves why a private banking cartel was given monopoly control over the entire money supply?
The legislation that created the Fed –under different names– was first proposed by Republicans and evangelized across the country by a few rich bankers who said the country needed monetary stability. The populists and the people roared at rich bankers and it was defeated.
A couple of years later the Democrats proposed almost exactly the same legislation, claiming it was time to stop the greedy bankers and get them under control, and this bill was the way to do it. The populists and the gullible crowds roared approval, and socialistic Woodrow Wilson signed it into law, later to lament out loud that he was afraid he helped destroy the nation.
The nation had forgotten the admonitions of the better half of its founders. Benjamin Franklin and Thomas Jefferson who warned about the bankers. Andrew Jackson that told them to their faces “You all are a den of vipers and thieves, and by the eternal God, I will rout you out!”, as he signed the law that abolished the central bank.
They had forgotten Abraham Lincoln who warned against “the money power”.
The Fed is a cartel of the same bankers you’ve been condemning all along and they are GUILTY of crimes against the Constitution, putting us into debt to them under color of unconstitutional law, and using Congressional hacks to do it.
As to the Mr. Smith illustration, like I said with that illustration, multiply it by millions for reality. It makes a difference of millions, tens of millions, of investment money lost to the labyrinth and maze of Washington DC.