The US Mortgage Crisis-100 Years in the Making »
Posted By JordanKasteler 6 months, 2 weeks ago in Business & FinanceThe founding fathers of the USA wanted to create a financial system that would not allow private interests to impact national fiscal policy. Whether our current financial system represents that which the patriots of this nation had in mind when creating the initial banking system, or whether it represents exactly what they feared is up to you.
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JordanKasteler
My name is Jordan Kasteler and I am a full-time graduate student in Utah
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hyperbola6 months, 2 weeks ago
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The "banking" system is only part of the rip off of Americans.
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Who Rules America? The American people be damned.
What do you suppose it is like to be elected president of the United States only to find that your power is restricted to the service of powerful interest groups?
A president who does a good job for the ruling interest groups is paid off with remunerative corporate directorships, outrageous speaking fees, and a lucrative book contract. If he is young when he assumes office, like Bill Clinton and Obama, it means a long life of luxurious leisure.
Fighting the special interests doesn’t pay and doesn’t succeed. On April 30 the primacy of special over public interests was demonstrated yet again. The Democrats’ bill to prevent 1.7 million mortgage foreclosures and, thus, preserve $300 billion in home equity by permitting homeowners to renegotiate their mortgages, was defeated in the Senate, despite the 60-vote majority of the Democrats. The banksters were able to defeat the bill 51 to 45.
These are the same financial gangsters whose unbridled greed and utter irresponsibility have wiped out half of Americans’ retirement savings, sent the economy into a deep hole, and threatened the US dollar’s reserve currency role. It is difficult to imagine an interest group with a more damaged reputation. Yet, a majority of “the people’s representatives” voted as the discredited banksters instructed....
...The same Congress that can’t find a dime for homeowners or health care appropriates hundreds of billions of dollars for the military/security complex. The week after the Senate foreclosed on American homeowners, the Obama “change” administration asked Congress for an additional $61 billion dollars for the neoconservatives’ war in Iraq and $65 billion more for the neoconservatives’ war in Afghanistan. Congress greeted this request with a rousing “Yes we can!”...
How is it possible that “the world’s only superpower” is threatened by the likes of Iraq and Afghanistan? How can the US be a superpower if it is threatened by countries that have no military capability other than a guerilla capability to resist invaders? These “wars” are a hoax designed to enrich the US armaments industry and to infuse the “security forces” with police powers over American citizenry.-
hyperbolaComment removed: Spam
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Icantwait6 months, 2 weeks ago
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My Fellow Americans: I guess the Interest Groups took down the World Trade Center as well. The Financial Gangsters wanted the American Economy to go into the Toilet. Bush Brown Shirts? Who exactly might they be? The Boy Scouts of American? Where do you lunkheads come up with this Stuff? The Real American
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