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How The Wall Street Bankers Bought Congress

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posted on Jun, 25 2009 @ 10:26 PM

How the Wall Street Bankers Bought Congress

You would think that causing the worst financial crisis since the Great Depression might have repercussions. You would think being a major factor in the destruction of around 40 percent of the world’s wealth might get you in trouble. You would think being the cause of the worst housing crisis in history — with millions of people losing their homes because of you — might force a restructuring of how Wall Street does things.
You would think that. But you’d be wrong.

For Wall Street’s lobbyists in Washington, it’s business as usual. Since Barack Obama took office, the bankers have succeeded in pushing through bogus “stress tests” of financial institutions’ solvency, escaping tougher government oversight, and steamrolling attempts to give working-class borrowers a break...
Even the much-hyped limits on CEO pay are being rolled back...

The sense of entitlement on display in comments like these is staggering — as if the “wizards” of Wall Street deserve the billions in compensation showered upon them in the past decade for producing what has proved to be fictitious wealth, while destabilizing the economy and destroying the lives of people across the U.S.

Overall, the financial industry spent $42 million in lobbying efforts in the first quarter of 2009 — even as many banks were still being bailed out with taxpayer money.

In the 2008 election cycle, securities and investment firms donated a whopping $154.9 million to political campaigns — $57 million more than the 2004 elections, according to Of that, 57 percent went to Democrats and 43 percent to Republicans. Real estate, which became deeply enmeshed with Wall Street during the housing bubble, donated another $136.7 million. The split was 49 percent Democrats and 51 percent Republicans.
Thats enough quotes, You'll just have to read the rest!

I have always said on here, I think the banks run this country
and have for a long time.
Indeed almost every transaction nowdays involves a bank somewhere
making money on it. The people do not even realize this is not normal.
Its not supposed to be the norm to use a credit card for everything!
Its not normal to owe thousands of dollars for material junk thats worn out
long before its ever paid for.
It just creates more headaches and lust for even more stupid stuff.

They are supposed to be for emergencies only.

Pretty soon a big screen becomes an emergency, or a new living
room set becomes one, all for what? To make the banksters rich while
you pay more interest on the freakin' item than what its worth?
I guess its all put in perspective when you're livin' in a damp tent eatin'
handouts and dumptser food. That a reality check for ya!
(but, preferably 90 days same as cash)
And you wonder why I picked this name?

This use to be a nice country you know, one not ruled by greed.
So much good we could be doing for the truly needy,
instead of giving it to the last people on earth who need it.
Or deserve it. IMO of course.
Thanks everyone for your friendship and posts on ATS!

[edit on 25-6-2009 by dodadoom]

posted on Jul, 5 2009 @ 01:16 PM
Made the front page here!
I swear they are trying to turn this into a third world country!

posted on Jul, 5 2009 @ 01:22 PM
reply to post by dodadoom

The whole system is an illusionary sham.

Read this thread

and watch these videos

posted on Jul, 5 2009 @ 01:37 PM
reply to post by warrenb

Thank you very much for that!
I know this is kind of old news but relevant just the same!
The more I read the more it makes sense to me!
Was not aware of the entire history of the "empire" myself!

Either its all true or we got some real winners in charge of things!
Or, just both!

Off to watch the videos now....! Thanks again!

[edit on 5-7-2009 by dodadoom]

posted on Jul, 15 2009 @ 10:26 PM
great post man!!

i hate the lot of them!!!

check out my fed topic as well

for got to add S+F

[edit on 15-7-2009 by symmetricAvenger]

posted on Jul, 15 2009 @ 10:49 PM
reply to post by symmetricAvenger

Thank you SA! I appreciate and enjoy your posts!
Indeed, then we give the ones who ran it into the ground,
a massive bonus! Anything wrong with this picture?
I'll check it out! Thanks again!

posted on Jul, 16 2009 @ 01:29 AM

By now, most of us know the major players. As George Bush's last Treasury secretary, former Goldman CEO Henry Paulson was the architect of the bailout, a suspiciously self-serving plan to funnel trillions of Your Dollars to a handful of his old friends on Wall Street. Robert Rubin, Bill Clinton's former Treasury secretary, spent 26 years at Goldman before becoming chairman of Citigroup - which in turn got a $300 billion taxpayer bailout from Paulson. There's John Thain, the rear end in a top hat chief of Merrill Lynch who bought an $87,000 area rug for his office as his company was imploding; a former Goldman banker, Thain enjoyed a multibillion-dollar handout from Paulson, who used billions in taxpayer funds to help Bank of America rescue Thain's sorry company. And Robert Steel, the former Goldmanite head of Wachovia, scored himself and his fellow executives $225 million in golden parachute payments as his bank was self-destructing. There's Joshua Bolten, Bush's chief of staff during the bailout, and Mark Patterson, the current Treasury chief of staff, who was a Goldman lobbyist just a year ago, and Ed Liddy, the former Goldman director whom Paulson put in charge of bailed-out insurance giant AIG, which forked over $13 billion to Goldman after Liddy came on board. The heads of the Canadian and Italian national banks are Goldman alums, as is the head of the World Bank, the head of the New York Stock Exchange, the last two heads of the Federal Reserve Bank of New York - which, incidentally, is now in charge of overseeing Goldman - not to mention ...
Does any of this make any sense whatsoever?
The same ones who wrecked the ship get rewarded and promoted!
Unbelievable! Its all a sham I tells ya.....common sense is no more.
Its all corrupted from top to bottom and we know no different anymore.
Living in the land of the greed, home of the fraid.....

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