Wow, the Wall Street banksters strike back

[whell]

Originally Posted by merrylander

Because they become delusional and think corporations are people and money=speech.

Actually, the funds flow through PAC's. However, i've said this before and I'll say it again:

If you want to deny corporations the opportunity to participate in the political process, then you also need to apply the same standard to PAC's. Frankly, I'd be all for that, but I suspect this is why you don't see the politicos rushing to write laws that would turn back the Supreme Court's ruling on this.

[merrylander]

Originally Posted by whell

Actually, the funds flow through PAC's. However, i've said this before and I'll say it again:

If you want to deny corporations the opportunity to participate in the political process, then you also need to apply the same standard to PAC's. Frankly, I'd be all for that, but I suspect this is why you don't see the politicos rushing to write laws that would turn back the Supreme Court's ruling on this.

In the majority ruling Justice Kennedy wrote that it was unkilely that we would see corruption because of the ruling - anyone that naive should not be on the court.

[BlueStreak]

Originally Posted by wgrr

I just heard that over the weekend BOA and other too big to fail banks moved 150 trillion in derivatives, they still have out there, from their investment banks to their commercial banks in hundreds of thousands of accounts that meet the max FDIC limit. That means if there is an economic collapse we are on the hook for their lousy paper.

If we do have a collapse in the economy there is no way Uncle Sam can cover the debt. They have 150 trillion in government insured commercial bank accounts. The entire GDP of the US is (drum roll please) is 14.5 trillion. We would be bankrupt in a big way.

Thank you Nixon, Ford, Jimmy Carter, Reagan, Bush I, Bill Clinton, Shrub was too stupid to know what was going on, and Obama for being the good little corporatist that he is, for deregulating the banks to the point we are at now.

Shrub and Obama gave the banksters close to a trillion dollars of our money in a bailout (where is our direct bailout?). The Fed gave the banks an additional 15 trillion in 0% interest loans using our money and they pull this crap. Those sons'a'bitches stole another 1/4 of my retirement accounts this year and charged me to do it. Screw them! I passed up an occupy Fayetteville rally last night, tonight I am going! /rant

Now, you're getting it! You and I don't always see eye to eye, and that's fine. But, real change will never take place until there is no place to hide for the corrupt, whether they wrap themselves in the cloak of public or private machinations.

Dave

[BlueStreak]

Originally Posted by piece-itpete

It's a living document D. It just lived a direction you don't agree with!

Pete

WHOA!!!! I thought it was your side that stubbornly insists that it's NOT a "living document"? My, my what a twisty road we're on!

Dave

[BlueStreak]

Originally Posted by wgrr

Here is the main problem with that. If you don't want to end up living in a plutocracy or worse a plutarchy, it would be wise to hold your nose and vote for Obama like I am going to do.

The SCOTUS is by far the strongest branch of government out there since the Marbury v. Madison case was decided in 1803?. The next President will be appointing several new justices.

The Citizens United decision is enough to make me quake in my boots. If we get a few more hard right judges the 1% will control this country lock,stock and barrel. They will just buy the justices off like they have Thomas and Alito. Any time a bill is passed in Congress and is signed into law by the President if the 1% does not like it they will simply bring a case like FEC v. Citizens United and the court will fabricate some BS theory on the case and rule on it the way they are expected to. FEC v. Citizens United had nothing to do with making corporations people and equating money with free speech.

Romney has stated he will use Robert Bork to choose his potential SCOTUS appointments. Of course he flip flops more than a fish out of water.

Huntsman I might consider. But there is this thing I hear about snowballs and hell.

Cain I would vote for. He would probably appoint the Pointer sisters to the court as soon as he figures out what the SCOTUS actually is.

That's right! Tell it, my good man! Tell it!

Dave

[BlueStreak]

Originally Posted by whell

So, you 99% folks can go right on petitioning the government to "fix all this." You'll continue to get screwed every time.[/B]

Who else??????

Do you trust a career thief to "self regulate"?????????

We have to wring the corruption from government, make it do it's job, and then WRING corruption from the private sector. Not LEGALIZE said corruption and disguise it as "free market princilpes"! What in the hell is that? I'm supposed to SUPPORT them because they got rich ripping my country off? That is TOTALLY insane.

We have been waiting, for decades, for "the market" to clean up corruption----IT-ISN'T-HAPPENING.

Dave

[merrylander]

Dave you need to give a look at Steve Pearlstein's column in today's WaPo about the Wall Street Bubble Machine. These guys are just bare faced liars and thieves.

[BlueStreak]

Can you link that for me Rob? I don't have a WaPo subscription. And when I googled "Wall Street Bubble Machine" I got over four million hits. It seems everyone is waking up to that. There are even tons of finance companies advising their clients on how to protect their money from the "Bubble Machine".

Very interesting indeed.

Dave

[merrylander]

Here you go.

http://www.washingtonpost.com/todays...45_epaper.html

[BlueStreak]

Thanks.

Dave