a reply to: MOMof3
a reply to: Willtell
Yep. Of course, Wall Street could once again ask that their profits be privatized and their risk socialized.... as the last go around starting in 2000
and crashing to a halt in 2008.
I can remember the 1980s, the Savings and Loan crisis, with its accompanying scandals (Jeb and George Bush's brother Neil received publicity on that
one. The Bush family and the S&L Scandal
. Seniors lost retirement/life savings
on that one.
Hey, trivia time. Guess who else was involved in his own scandal back then....
The five U.S. senators were accused of trying to pressure federal thrift regulators to back off their political benefactor Keating, whose Lincoln
Savings & Loan would collapse during the savings-and-loan crisis of the late 1980s at a cost of $3.4 billion to taxpayers. At the time, Keating was an
influential and larger-than-life business figure in Arizona and he generously contributed campaign cash to his favorite politicians.
McCain is the only member of the "Keating Five" who is still serving on Capitol Hill. The other four retired in 1990s: U.S. Sens. Alan Cranston,
D-Calif.; Dennis DeConcini, D-Ariz.; John Glenn, D-Ohio; and Donald Riegle, D-Mich.
Yep. You're correct to ask those questions. The "little people" seem to get screwed if they don't.
Since I went in my way back machine to the 1980s, I have another observation to share.
The word con in “con job” or “con man” refers to the word “confidence”, Con men gain a person’s confidence in order to play out a
scheme to defraud. Groups of people can fall under the spell of a con man.
Good, decent, moral people fell under the spell of politicians and their supporters, who told them they could place their confidence in them to do
what is right because they were moral Christians. Voting for a Christian was voting for all that was great about America. Religion and patriotism!
Values and the flag!
But, as it is said, no one can serve two masters, the pull of money and power pulled elected leaders to serve greed and corporations rather than their
citizens who voted for them. But still believers believed.
And as the ideologues and extremists forced out or silenced those who would counter them, they set out to change the nation with their self-righteous
extremist ideology. Trickle down would become even more trickle up, as more money from the bottom would go to the top.
If a politician says he/she will “reform” something, question and ask HOW this will be done. For ex, I can tell you that I discipline my child; to
you it might mean that I restrict phone use, but what I really do is kick them to the ground and lock them in the garage. The good, decent, moral
people preferred to never question authority but rather blindly trust in these con men, believing them to be just like them.
By now, many of the good, decent, moral people who were conned now understand the implications of the schemes. I would say that whomever is left to go
along are either ignorant (in the nicest sense) or true believers.