Forum Post: The world Bankers are the top of the money chain
Posted 13 years ago on Oct. 10, 2011, 11:35 p.m. EST by bangbang
(61)
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They own and control the world and the people in it.
There's a lot of merit to your words, but can we all PLEASE stop talking about the bail-out?
It wasn't THEIR money the banks we're about to lose, it was ours... our 401Ks, our savings, our retirement plans, etc. We weren't saving THEM, we were saving us.
The Banks have largely paid us back, and we've made a handy profit to boot. Let's move on from that.
Obamas' 21012 Re-election Finance Director is the son of Bank Of Americas former CEO Chad Gifford, one of those responsible for the economic crisis... Keeping it all in the Family
You are so right. This financial reform movement has been a dream of mine since 2008, after hearing the Congressional Hearing on Energy Reform and on how Financial Deregulations hurts the hard working Americans, and turns undeserved brokers/executives into overnight Millionaires!
So I feel (and many others) that only way we can get back on safe financial footing again is to close the Enron Loophole, created for energy/oil speculators, and bring back The Glass-Steagall Act of 1933, which prevented the current banking and insurance scams/loopholes. After all, it worked great until late 90's, until when Congress threw it out. Since then, like prior to 1933, we are experiencing what our country went though then, total Wall Street Greed with no Penalties, its all legal Gambling now...thanks to the architects of our new system in 1999, President Clinton and Rep Senator Phil Gramm. Think about where we are now, it all started in 1999 with the subprime loans Gramm was peaching on Senate floor. http://www.youtube.com/watch?v=gKQOxr2wBZQ&feature=related
And for the Free Trade Movement, bringing back the Glass-Steagall Act will not hurt our financial markets or hinder Free Trade, as the GOP rhetoric claims, instead with this back in PLACE bankers can still make millions a day, but not the trillions as they do now on the accounts of hard working Americans.
Bankers need more regulation, not less. Don't let the Bankers new Game to charge for debit cards as the results of the Dodd/Frank Wall Street Reform and Consumer Protection Act surprise you. Right after it passed, we have the banking lobby on national TV saying that "we" will pay for it, after we bailed them out, What nerve! So this is their response to having it their way since 1999: We have have to find a way to give out Executives their way out of line bonuses: Bingo, charge for debit cards! This is them throwing their influence over our Election officials, that are suppose to work for us, after all we voted for them to do the right thing, which doesn't include the banking lobbyist agenda....
Cheers to all that are involved. Let's get focused and bring back Glass-Steagall Act of 1933, they got it right 1933, we don't need to reinvent the wheel because bringing this Act back will create an even playing field once again....and let's also tell Congress to finally Close the Enron Loophole, which allowed Enron to charge what they wanted for energy; they went to jail for this; but no one closed the loophole, why? Re-election Monies from the banks and oil companies! The writing is on the wall.
Why we need Glass-Steagall to be reinstated:
http://www.investopedia.com/articles/03/071603.asp#axzz1aPEc3wXj http://www.counterpunch.org/2008/09/19/shattering-the-glass-steagall-act/
Why are oil prices high?
http://www.youtube.com/watch?v=waL5UxScgUw http://www.youtube.com/watch?v=zbdtTGYQBMU&feature=related http://www.youtube.com/watch?v=PNp0y0SjOkY&feature=related http://www.youtube.com/watch?v=f-kExdTgNZA&feature=channel