They rob the people of their jobs through market monopolization and outsourcing, then have to take money from our children and grandchildren to remain in power.
Wall Street Aristocracy Got $1.2T in Loanshttp://www.bloomberg.com/news/2011-08-21…
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What Are Your Thoughts Of The American People Having To Bail Out Aristocracy?
Posted on August 22, 2011.
I agree. Obama is a complte and utter failure
We’re spending all our time and money bailing out the failings of Washington.
Blame the government and those who elected the current frauds in charge.
The government is not a bank!
It has happened many times before. I am tired of it but have given up. The rich have the power.
It’s wrong.
You wanted government to take care of it for you. What did you think, the Democrats were going to give all the money to the poor and middle class? Of course not, it went to scientists who do public research, it went to campaign managers, Obama’s gardener, the global warming companies, the construction firms and the high-speed rail proposal designers, to name a few.
What’s with all this anti-corporatism that’s going on? They’re the ones that make the jobs. I don’t care if companies make their millions as long as people payed them for their services. If Apple makes good computers and I choose to give them MY money, that means I like them and want them to stay around.
These banks and Wall Street people that you’re talking about are getting bailouts from government, because the socialists and the Democrats in this country wanted to secure millions of loans so that everyone could buy homes, even when we knew that people couldn’t afford to pay them. How is that the banks fault? If I were a bank, I’d be demanding money too, if I lost millions of dollars because government forced banks to sign off loans for people who couldn’t afford it.
Stop the house loans. Stop the college loans. Stop the expensive SUV car loans of the 90’s and 00’s.
People need to learn to live within their means, and stop government from getting involved. None of this would be happening if institutions had been operating under their own discretions. No bank would loan to anyone who can’t afford it or college to anyone who shouldn’t be going or car dealerships to anyone who can’t pay for it unless they wanted to go bankrupt.
I think they’re idiots.
They don’t HAVE to bail out anyone.
All they need to do is let the market correct itself no matter how much the entitlement crowd squeals like a herd of little piglets.
Of course Wall Street got all the damn money! Hell, they’re the reason why Barack n Joe and bills better half and former employees are running the damn place!
The Plutocracy is already here the question is how do we change it?
From the Citibank Plutonomy Report;
RISKS — WHAT COULD GO WRONG?
Our whole plutonomy thesis is based on the idea that the rich will keep getting richer. This thesis is not without its risks. For example, a policy error leading to asset deflation, would likely damage plutonomy. Furthermore, the rising wealth gap between the rich and poor will probably at some point lead to a political backlash. Whilst the rich are getting a greater share of the wealth, and the poor a lesser share, political enfrachisement remains as was — one person, one vote (in the plutonomies). At some point it is likely that labor will fight back against the rising profit share of the rich and there will be a political backlash against the rising wealth of the rich. This could be felt through higher taxation on the rich (or indirectly though higher corporate taxes/regulation) or through trying to protect indigenous [home-grown] laborers, in a push-back on globalization — either anti-mmigration, or protectionism. We don’t see this happening yet, though there are signs of rising political tensions. However we are keeping a close eye on developments.
I think it’s a prime example of just how terribly corrupt our government is. The individuals who run it have no problem STEALING from we the taxpayers to fix the (rightfully) suffering institutions they’re in bed with, which is part of why I am convinced they are evil. They know exactly what they are doing, and how it is destroying the economy and our nation as a whole, and they don’t care. This is great cause for concern and sadly not enough people are paying attention.
It’s not a bail out. It’s economic enslavement. They set their own pay/perk packages. They print the money, they distribute the money and then tax or fee US in every manor they think plausible All under the guise of doing their job (Not their responsibility)