The truth comes out about Bush/Obama Corporate Fascism

Started Nov 28, 2011 | Discussions thread
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Marty4650
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The truth comes out about Bush/Obama Corporate Fascism
Nov 28, 2011

http://www.bloomberg.com/news/2011-11-28/secret-fed-loans-undisclosed-to-congress-gave-banks-13-billion-in-income.html

The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing.

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.

Folks... they hid this from you, because they were afraid you'd get upset if you knew how much of your money was being given to big banks so they could turn a profit.

They have essentially socialized risk and privatized reward.

This is NEITHER capitalism nor socialism.
This is what I call Corporate Fascism.

And to make matters even worse, in Jan 2010 the Democrats passed a "financial reform act" that permitted banks to raise their fees dramatically. So you get to subsidize them both ways, with bailouts and higher fees. This was the law that, among other things, permits them to charge you $5 per month for using your debit card.

They have made the USA into Europe, with neither the charm nor the cuisine.

When will you finally get fed up with this BS?

What will it take to convince you that while Bush was certainly guilty of this, Obama has picked up the torch and carried it even further? This is a conspiracy between two political parties to rape the US taxpayers for the sole benefit of themselves and their cronies.

It's really time for you folks to stop hating Bush and idolizing Obama.
They are two sides of the same coin.

Either love them both or hate them both, because they are pursuing the exact same social, financial and economic policies.

It is time to elect our own candidate, rather than one who works for Halliburton, Goldman-Sachs, Citibank or GE.

This is why I wish the OWS people were more focused and more sensible. They have some good ideas, but they have failed to create a central theme and express it plainly.

Or perhaps they just have the wrong central theme ("eat the rich")?
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Marty
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