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The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates, Bloomberg Markets magazine reports in its January issue.
Originally posted by geryon
The media barely reported this, even MSNBC ignores it, OWS should use their money to run ads that educate the American public about things like this instead of camping in a park, wtf is that ever going to do. In the end though it will probably take enough people being hungry to mount the kind of force it will take to drag the rats out into the street and topple this regime.
Originally posted by corporatism101
And yet most people, including all of you, are still brainwashed into thinking that government is the problem. The problem is, and always has been, corporatism. Corporations are the problem. Yet I hear people all the time defending the greedy assholes who really control the government, while complaining about worthless, powerless nobodies like Obama and Bush. Wake up for real, people.
Originally posted by corporatism101
The problem is, and always has been, corporatism.