Forum Post: W a t e r E x t o r t i o n /// The Scandal of the Alabama Poor Cut Off From Water
Posted 12 years ago on Dec. 20, 2011, 8:50 a.m. EST by MonetizingDiscontent
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The Scandal of the Alabama Poor Cut Off From Water
http://www.bbc.co.uk/news/magazine-16037798
-14 December 2011-
(Video#225) --TheKeiserReport-- Victims of Banking Fraudsters
(((WATCH Here))) http://maxkeiser.com/2011/12/20/kr255-keiser-report-victims-of-banking-terrorists/
-December 20, 2011-
This week Max&Stacy look at the victims of banking fraud...
the Alabama poor cut off from water supplies, (12:40 into the video)
(Why am I not surprised to see JPMORGANs name pop up in this Alabama water story?)
...And the small ranchers who lost it all when MF Global was run into the ground by former Goldman Sachs banker and ex-New Jersey governor, Jon Corzine.
This problem in Alabama is what happens when you trust the government to get things done. I hope the Six Jefferson County commissioners that were found guilty of corruption for accepting the bribes, along with 15 other officials went to jail.
They need to send in Donald Trump. This same thing happened in NY in the early 1990s. The was hundreds of millions over budget and 3 years overdue and he the Donald came in and got it done in a few months for a few hundred thousand.
As for the guy in Texas, he lives in the dessert and says he "likes to keep his lawn green" and is upset about the bill. People living in the desert need learn how to conserve water.
its already 'done', the problem now is that water/sewer costs are 500%+++ higher than what they were suppose to be. The system needs to be taken over, total losses taken by the bond holders, people jailed and the system operated without owing any $$ thus reducing the price people need to pay down to (cost to run / people using the system) this would result in $20 a month or less.
Sounds reasonable to me. The government officials the were found guilty and those that paid the bribes should foot the bill if you ask me.
as far as I am concerned anyone who bought an 'investment' risks losing their 'investment', when their is corruption and fraud, they deserve to lose it all (which is impossible at this point because of the payments already made), but they should lose the rest. this is another example of hurting the innocent in order to enrich the greedy
I am not eager to I agree with you that the "investors" deserve to lose their money. Often the investors are ordinary people who bought municipal bonds with the idea that they are a more secure investment that stock in wall street. Most often these are folks near retirement age looking for a stable investment. They are not aware of what the municipalities do with the money.
thats fine with me as long as the fraudsters (Goldman Sachs and JP Morgan, etc) end up footing the bill. Bonds have a LOW risk of default, historically but that CAN and SHOULD change when fraud and corruption are added to the equation, should it not?
Excellent post.
Re."INSIDE JOB", The Latest Working Link : http://documentarystorm.com/inside-job/ ! Merry Xmas 2 U
pax et lux ~~{;-)
Thanx again 'MD' for another important forum-post. Re. The above situation in Alabama, please also see the links below for the international corollaries :
a) http://www.corpwatch.org/article.php?id=6670 ,
b) http://www.thirdworldtraveler.com/South_America/Bolivia_WaterWarVictory.html &
c) http://www.waterpolitics.com/2011/07/31/water-bigger-than-oil/ .
Blythe Masters [ http://en.wikipedia.org/wiki/Blythe_Masters ], The Evil Witch Genius behind so much of The Toxic 'Derivatives' BS, has been head of JP Morgan 'Commodities' for nearly three years now !! This Creature is now coming to rival Ayn 'Psycho' Rand in her insidious influence on The U$A and the rest of This Good Earth, our beautiful, fragile and shared hOmmme~{:-)
The very best wishes for Yuletide, Xmas, Solstice, Hanukkah and New Year to you and yours 'MD' and thanx again for all your efforts here ; over the past few weeks, I've learnt much due to you ;-)
fiat lux ; fiat pax ; fiat justitia ... ruat caelum .. x .
Thank you very much for the good tidings (((and links))) and Brightest Blessings to you & yours as well shadz66 =)
Thanx and blessings to you for all your hard work in trying to keep us abreast of the salient facts and on message.
Viva GIABO [Global Insurrection Against Banker Occupation] !!!
iViva Los Indignados! y iViva Los 99%!
Vox Populi, Vox Dei ...
Also, + re. GIABO! (George Carlin ; Max Keiser & Stacy Herbert + "A Bangin' Alt. Xmas Tune"!!) : http://www.youtube.com/watch?v=pGRu1uqJGkY !!! Njoy~{;-)
See ''How Flint, Michigan, Saved Money and Poisoned Its Children: City Declares Water Emergency''
fiat lux ...
Re. 'The 'Flint Water Crisis .. 'Hard To Swallow'' - Directors Cut'':
I will defy anyone to watch that, without tears of either sorrow or fury!
And consider this link ... http://occupywallst.org/forum/water-privatization-coming-to-a-century-old-system/#comment-1068547 et al. If gun-owning citizens can't protect their water - then WTF?!!! Also ..
http://www.truth-out.org/opinion/item/34332-michael-moore-is-right-michigan-gov-rick-snyder-has-to-go
fiat justitia ruat caelum ...
Take action. See samples of how below.
183,361 signatures so far for Bernie Sanders petition as of 10:15am central time 01/15/2012
http://sanders.enews.senate.gov/mail/util.cfm?mailaction=clickthru&gpiv=2100081904.557411.411&gen=1&mailing_linkid=34578
The petition to save abandoned houses has 15 signatures. We picked one up at around 9:50pm 01/13/2012. Were just rolling right along.
http://www.thepetitionsite.com/1/Savingpeople-savinghomes-payingdowntheNationaldeficit/
Here is a place where you can directly address change. Take part, it does not hurt and may very well heal/help. Forward the cause of reform and rebirth.
http://www.care2.com/go/z/e/Ag8nw/zL2Q/B18Bb
Sierra Club has some good things to take part in as well. Set-up and ready for you to take part in. http://sierraclub.org/
Here is a place where you can directly address change. Take part, it does not hurt and may very well heal/help. Forward the cause of reform and rebirth.
http://www.care2.com/go/z/e/Ag8nw/zL2Q/B18Bb
For those of you just checking in.
Don't forget to petition the Justice Department to start prosecuting the economic criminals. There has to be accountability.
This is why we are here this is why you are needed.
http://occupywallst.org/forum/inside-job-documentary/
Share, circulate, educate, inspire.
See also people from all walks of life, from all over the political map "not" supporting a party or leader or group of leaders but "supporting an Ideal".
http://www.youtube.com/watch?v=_2Bgqt1YYko
This is why we are here this is why you are needed.
http://occupywallst.org/forum/inside-job-documentary/
Share, circulate, educate, inspire.
Pretty much when you look at public utilities, you are looking at functional monopolies, because communities often times do not have choices in providers, and often times choices are a matter of paper as the grid or infrastructure is the same. Kind of like looking at oil futures trading. It is a very big game. You basically are given no say or counter measures, you just have to live with it.
Or do you? Band together people of the USA, unite in demanding change.
The people need to get together and take back their water system. Its that simple folks.
There's a great book out there called Fiasco: The Inside Story of a Wall Street Trader http://www.amazon.com/Fiasco-Inside-Story-Street-Trader/dp/0140278796 It's the memoir of a bond trader in the 90's at Morgan Stanley. I read the book a few years ago. Sadly the fact that a bad bond deal with JP Morgan caused the shortfall came as no surprise to me.
The real life consequences and personal tragedies as the result of banker fraudsters. Jefferson county Alabama has filed for bankruptcy, the largest in U.S. history. What happened was they set out to build a 300 million dollar sewage system, and low&behold who walked in, JP MORGAN! ...with some credit derivatives to sell them; interest rate swaps ...which turned that 300 million dollar sewage system into a 3.1 BILLION dollar sewage system.
So... would Glass Steagall have prevented any of these deals to begin with? Thats how I understand it. Not only did Glass Steagall divide/break-up the banks, it imposed position limits that investment banks could take
...but didn't it Also make trading derivatives Illegal too? (not sure)
I've heard good things about that book...Fiasco =) maybe Santa will bring it this year.
Some of the bond deals in fiasco would not have been prevented by Glass Steagall IMO because wall street redefined the term bond at some point. A bond had always been thought of as a boring investment, a simple loan to a company or a country or a municipality. They paid interest based on perceived risk. The bonds for sale by Morgan Stanley that I read about were these complex wall street products included swaps and other derivatives that might implode at any time. They were sold to pension funds, banks, countries etc. That book should have served as a warning about the CDO concoctions that would take down our economy. He's put a nice epilogue in about the latest stuff.
ah...thanks for clearing that up for me. Banking must be made to be boring again
It should not be privatized.
People need to get this and do it quick.
I say all services that the public depends upon should be in public hands. Energy production, telecommunications, the more of the banking system, and in this case water and sewer.
but, you know
I'm cr4zY!
I agree. You can go back to over a hundred years ago and see a big package of fail of privatization of other services. The last 25 years have been several packages of fail and what the dumbasses don't get is that they will actually PAY more and get crappy service. I agree, bring it inhouse. People that want services privatized either lack education or they are seeking to rip people off.
There is a repelican running for mayor of Burlington who wants to sell Burlington Electric -
it's a one hundred year old asset belonging to the city.
They have the lowest electric rates in the state. and the highest population, but hey.
Have you written him? Oh, never mind--these people never let the facts get in the way.
The repelican mayoral hopeful?
You think I should write him?
I'd much rather stick a pen in his neck.
I don't live in Burlington anyway - but I doubt the Burlington voters will go for it.
You know, when does this all become low-grade genocide?
Poison the land and the water, deny shelter and medical care and food. When do we call it low grade genocide? I understand that it isn't currently. I just keep running around in my head the cycle of sickness that is caused-denial of the problems-inability to get adequate care. Add in no shelter, no food, no water, no health care. :/
No, I started to have that thought and promptly corrected myself.
The older I get, the more I hate people.
Really? I think I'm way past that point -
and now all that's left is the older I get
the more I forget . . .
You mean like walking into a room and not knowing why you are there? Or opening a file cabinet and you do not remember why?
Yup - sorta. When I walk into a room and forget why it's usually because I'm tired and / or distracted.
Ah well.
The fight for water is real. The fight for green grass is foolish.