America vs Oligarchs...

[sammy the sage]

Time to quit pointing finger's and EDUCATE yourself...it's the Banker's!

http://www.pbs.org/moyers/journal/02132009/watch.html

http://jessescrossroadscafe.blogspot.com/2009/02/american-vs-wall-street-banking.html

"Bill Moyers has an interview with former IMF Chief Economist and MIT professor Simon Johnson that puts forth the notion that there is a small group of financial oligarchs essentially holding the country hostage.

Simon Johnson's premise is that the big Wall Street banks represent an oligarchy that is exerting undue influence and control on our government and the economy. They are turning this crisis to their advantage, and circumventing the democratic process.

What we are seeing looks to Simon Johnson like a financial coup d'etat.

[sammy the sage]

"I sincerely believe … that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale."


ATTRIBUTION: Thomas Jefferson (1743–1826), U.S. president. Letter, May 28, 1816, to political philosopher and senator John Taylor, whose book An Inquiry into the Principles and Policy of the Government of the United States (1814) had argued against the harmful effects of finance capitalism.
BIOGRAPHY: Columbia Encyclopedia.

[lamboguy]

i have to add one more thing. the bankers never send their kids to war,only the other kids.

[JustRalph]

"I sincerely believe … that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale."


ATTRIBUTION: Thomas Jefferson (1743–1826), U.S. president. Letter, May 28, 1816, to political philosopher and senator John Taylor, whose book An Inquiry into the Principles and Policy of the Government of the United States (1814) had argued against the harmful effects of finance capitalism.
BIOGRAPHY: Columbia Encyclopedia.

It may be interesting to note that Jefferson was in debt up to his powdered wig when he wrote this............ :lol:

[sammy the sage]

very interesting post/take...

""Hey, screw those guys! That’s right, screw them! Look at this chart and realize what a scam these people are running. The actual firms, the companies you buy stock in (and this is just GS, MS, MER, Lehman and BSC), made $12Bn in profits in 2007, yet the people working there took over $100Bn in salaries and bonuses. What the hell kind of business model is that? We had to pay these guys $95Bn in ‘06 to earn $30Bn but last year, in 2008, these crooks took $60Bn in compensation for losing $7Bn (and that’s just what was booked)!?! So let these greedy bastards threaten to take their con game overseas and good riddance to them, they do nothing for the economy but churn fees and skim the profits away from people actually doing the work. Do not be sucked into the pity party for the middlemen, imagine what would have happened if these five US Investment Banks were not able to take $500Bn in transaction fees since 2002 and that money actually went to the companies doing the IPOs or went to the shareholders of the companies being acquired - now THAT’s a stimulus!

Whole take/article found here:http://seekingalpha.com/article/120920-options-trader-tuesday-outlook

[bobbyb]

Another Fraud/Ponzi scheme unravell's in Texas.

CNBC is reporting Fed's raided Stanford Financial in Houston and have shut the IBank down. The talk is possible massive Fraud.

bobby