if you really want to see an eye opener find out how many congressman invested in all those green corporations

theres not a poor congressman they may start off less well off but by the end of their decades of "public service" and their pay and "benefits" they are living better than most of all those evil greedy corporatists and bankers.

wall street aint got nothing on united states congressman and most people love them for it.

Originally posted by neo96
if you really want to see an eye opener find out how many congressman invested in all those green corporations

theres not a poor congressman they may start off less well off but by the end of their decades of "public service" and their pay and "benefits" they are living better than most of all those evil greedy corporatists and bankers.

wall street aint got nothing on united states congressman and most people love them for it.

Do you have any clue what BNY Mellon has on their books?

Frankly, I think this is in part what the protests on Wall Street are about. These are just More examples of greed and corruption. It's NOT that the people want to share in it as much as its more that they are disgusted by it, Whether its from Wall Street, Corporations, or Congress! Quit Screwing the People! Play fair, let all be equal before the law, and quit creating new laws that "legalize" corrupt and criminal behavior for those in the know, those with the right sized bank accounts, and those shielded by office or secrecy laws. Quit telling us what wonderful Christians you are, which seems to be a requirement to be elected to office, while out of the other side of your mouth telling your broker to buy or sell a stock you have inside information about.
We want genuine Representation from our Representatives, in a moral, ethical, open, and honest fashion! And yes, some regulations tie our hands when they shouldn't, but its the lax regulations that have been screwing us lately! Why the HELL are banks borrowing money from other banks, investing in their own profit making schemes, and losing money while going to the government for handouts! Banks have been making RECORD profits for many years! The problem is that PROFITS aren't going back into the banks, or corporations either for that matter! The profit goes into the hands of the CEO's! What happened to Research and Development? Infrastructure? Health care for the workers in a safe workplace? Is that really not important?
The idea is to be conservative enough while making money through loans to credit worthy people and ideas and not run up giant debts! Remember "It's a Wonderful Life"? A bank should take in money placed into savings or other accounts. Loan out certain percentages of that money at an interest rate set to make enough profit to run the bank while also paying interest on the savings accounts to encourage saving money. Doing enough business makes the bank grow. All these damn fees they charge now, the really crappy interest on savings (below inflation? What good is that?), and then losing our money in bad ventures on the side? Toss Them In Jail and RE- REGULATE the banks! I hope the new Volcker rule helps, but either way, we HAVE to regulate where greed can get out of control! We have laws for reasons. Human nature has its dark sides too. Good people must be protected from the bad. Our environment needs to be healthy. Our children deserve a future. Regulations and laws are Necessary. If "honest politician" is an oxymoron....it's our responsibility at the voting booth to change that!