Forum Post: Everyone Pays If the Banksters Don't Go to Jail
Posted 11 years ago on Feb. 2, 2013, 2:29 p.m. EST by TrevorMnemonic
(5827)
This content is user submitted and not an official statement
Excerpt: "Journalist Matt Taibbi assesses the Obama Administration’s approach to holding banks accountable for their behavior, and early indications are not promising. Taibbi tells Bill that fearing another economic calamity is no excuse for turning a blind eye to shockingly unethical decisions and management."
The calamity is due to the unethical and fraudulent decisions of the corrupt. Keeping them in power is the problem.
Full transcript and video interview in the link - http://www.alternet.org/corporate-accountability-and-workplace/bill-moyers-and-matt-taibbi-everyone-pays-if-banksters-dont
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Some would suggest the President should be part of said purge.
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Now, I didn't say I thought that should be the case. I merely said some would suggest it. Personally I think the President is just a figurehead.
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Absolutely true, the President is extremely limited in what he can do himself. A lot of people fail to realize that. That's why it's a mistake to "blame the President" out of hand.
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Ah, a purge indeed!
http://userserve-ak.last.fm/serve/300x300/33001907.jpg
http://www.twodoctors.org/myimages/bloodbath.jpg
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I believe a better title is: "Everyone Is Paying & Will Continue To Pay So Long As The Banksters Don't Go to Jail"
All you need is a basic understanding of economics to see that the Bush Bank Bailout of 2008 suspended basic principles of Capitalism and caused the collapse of the middle class. The bailout protected banks from economic correction, while the banks enforced the same correction on the middle class. Bad loans had nearly no repercussions for banks insulated by taxpayer dollars, relieving banks of the need to negotiate down consumer debt. Americans threw banks a lifeline and the banks in turn threw the American people to the wolves and this will continue until these people go to jail.
[...or those brave NRA members who need their crowd killers to defend American against tyranny stop being all show and no go.
HELLO! ...Mr. Gun Owner!! You're using tyrants for direct deposit!]
our entire monetary policy is based on giving trillions to banks and corporations.
Yeah, but we have some choice over how and how much.
...You want to make protest simple and effective, turn OWS into ODC...
...for Occupy Debt Collectors. That's right, if you want to stress banks and corporations into place, you convince everyone to stop paying a good chunk of their bills for 4-8 months.
Purposely recreate the credit crunch and you give the middle class a do over.
I don't remember having a choice when the federal reserve gave out 16 trillion in 2008.
You do provide excellent ideas!
We personally have a choice in our spending.
Face it, capitalism isn't really even practiced anymore because corporatism has taken over and corporatism doesn't work. If you want to end an economic system, abandon it. The 99% could re-collapse the economy in months if they made the conscious collective decision to walk away from paying their debts. Regardless of the economic system, it will not work if the majority abandons it.
The 99% can end this corporate run economy anytime it wishes to just by sitting on their wallets. Stop paying Visa, Amex and Mastercard, stop paying student loans [I have them too, you guys agree on a month to implement an embargo on student loan payments and I'll be right there not paying it with you], and stop paying on anything else they can't take back.
Like my [old] history professor said at the beginning of the semester, "when all else fails, quit". The 99% can quit funding the system's existence anytime it chooses to, all we have to do is not pay our bills.
You have some great ideas, many of which OWS has pushed for.
It was greatly discussed in this forum post. Comments are really good too.
http://occupywallst.org/forum/they-should-have-let-the-banks-fail-how-every-phon/
"early indications are not promising" ... What kind of naive clown would think differently? The group that just got done accepting a shit ton of money from em is going to go hard on em? Haha...