Friday, November 4, 2011

So they arrested the reporter, not the bankers

Chris Hedges arrested, Truthdig, November 3, 2011:
"Goldman Sachs, which received more subsidies and bailout-related funds than any other investment bank because the Federal Reserve permitted it to become a bank holding company under its “emergency situation,” has used billions in taxpayer money to enrich itself and reward its top executives. It handed its senior employees a staggering $18 billion in 2009, $16 billion in 2010 and $10 billion in 2011 in mega-bonuses. This massive transfer of wealth upwards by the Bush and Obama administrations, now estimated at $13 trillion to $14 trillion, went into the pockets of those who carried out fraud and criminal activity rather than the victims who lost their jobs, their savings and often their homes.

"Goldman Sachs’ commodities index is the most heavily traded in the world. Goldman Sachs hoards rice, wheat, corn, sugar and livestock and jacks up commodity prices around the globe so that poor families can no longer afford basic staples and literally starve. Goldman Sachs is able to carry out its malfeasance at home and in global markets because it has former officials filtered throughout the government and lavishly funds compliant politicians—including Barack Obama, who received $1 million from employees at Goldman Sachs in 2008 when he ran for president. These politicians, in return, permit Goldman Sachs to ignore security laws that under a functioning judiciary system would see the firm indicted for felony fraud..."

Best political blog, 2010 and 2011


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2 comments:

  1. Frightening Norman...absolutely frightening!

    Keep up your great work.

    ReplyDelete
  2. There is very little difference in Canada. Our government hands over millions of our tax dollars, to the wealthiest corporations in the world. They are also given huge tax reductions.

    Why is it? Canadians can save up to 50% by shopping in the U.S? Why do we save mega bucks, by gassing up in the U.S? Something sure in the hell stinks. Harper refuses to answer that one.

    Why is the cost of living in BC so atrocious? I know a family that can only afford meat, only for Sunday dinner. There are people who really do, have to choose between rent, utilities and food. It is mostly food they do without. The food banks are way over stretched. Seniors and the low income family's are all relying on the food banks.

    Neither Harper nor the Campbell/Clark BC Liberals have done anything about the price gouging. Harper and Campbell forced the HST onto the BC people. Now we have to pay Harper back, for thieving from us. We didn't make a deal with the devil. Campbell and Hansen did.

    The outrageous salary's, severance payouts, gold plated pensions, and undeserved bonuses for cheating the people who need help the worst. The services we pay through the nose for, slashed to give to big business.

    The wealthy corporations in Canada also give to the political party's to favor them. Big business, paid big bucks to Campbell, to fight to keep the HST. Hochstein even said, he had three trillion dollars to fight with.

    The citizens in the U.S. certainly don't have to cope with the ripoff prices, the Canadian people do. Canada is every bit as rotten and corrupt as the U.S.is.

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