Moral outrage!? Debt, Credit, Bankers delight. An open letter to Cons.

I have been posting and having online discussions with a few others.  Through these postings I have been trying to inform people to , in what my opinion, is one of the largest Problems with what our economy and society in general are suffering from. This is a portion of and end result of one of the latest conversations. You should know first that I consider the ACA in it’s current form Heritage Foundation Care. I have a post, just haven’t fully gotten it where I want it.

That is how Cons think. As long as I can innovate and be ingenious and technically not lie or just bend the truth, all is OK. Remember, Conservatives and Republicans are not necessarily Neo Cons. Those are a separate entity all to themselves.

This is what has been keeping our economy afloat for the past 30 years or so. CREDIT or in other words DEBT.
House hold debt
http://www.creditslips.org/creditslips/2009/02/the-folks-who-write-credit-slips-are-among-those-who-have-long-wondered-where-the-exit-strategy-was-for-an-economy-that.html
http://www.utahfoundation.org/img/pdfs/rr689.pdf
student loan debt
http://news.yahoo.com/blogs/lookout/fact-check-exploding-student-loan-debt-chart-145504148.html
http://pewresearch.org/databank/dailynumber/?NumberID=1489
http://www.foxbusiness.com/personal-finance/2012/04/04/student-debt-red-herring/

And this is how some of those colleges and universities are acting toward the taxpayer
http://voices.yahoo.com/colleges-lure-homeless-pay-tuition-taxpayer-dollars-7503880.html
http://www.businessweek.com/magazine/content/10_19/b4177064219731.htm
http://nakedlaw.avvo.com/2010/06/8-reasons-college-tuition-is-the-next-bubble-to-burst/

Does that tick you off as much as it does me?

small business debt other than financial institutions
http://www.frbsf.org/publications/economics/letter/2011/el2011-22.html
http://politicalcalculations.blogspot.com/2011/09/why-small-businesses-arent-creating.html

According  to this site     http://money.cnn.com/2011/11/28/news/economy/Fed_credit/index.htm                          http://www.money-zine.com/Financial-Planning/Debt-Consolidation/Consumer-Debt-Statistics/

Household debt is around  $11.66 Trillion dollars.

Yes, that is right. The American people are in almost as much debt as Our Country is. And we are supposed to run the country the way we run our households?  It seems we already are.
Everyone is in debt someway or the other.
And the banks are making TONS of MONEEEEEEEEY off the interest on this debt.
But we in America sure do love our bankers don’t we?

************************

Have you called our Senators and your House Rep to support the Audit the Fed bills?

This would solve the problems you mention.

***********************

LOL! ROFL! Ohhhhhh stooooppp! M M MY gut hurts!!!         Oh wait, You are serious.           Ha Ha Ha Ha ohhh I can’t stand it, it hurts!

I certainly hope they are harder on the former Wall Street bankers, or those close to them who end up being US Treasurers or Fed Chairmen, than they were on poor old Jamie Dimon as witnessed here.
http://www.thedailyshow.com/watch/thu-june-14-2012/bank-yankers

If you watch the whole video I think Ole Jamie is harder on himself than any lawmaker was.
Yeah let’s keep deregulating these corporate financial titans of the economy. They are after all responsible members of the business community, who would never screw homeowners or over leverage with their AWESOME CREATIVE AND INGENIOUS financial instruments, would they? Take a look at this, if you dare.

http://www.dailyfinance.com/2010/06/09/risk-quadrillion-derivatives-market-gdp/
http://www.washingtonsblog.com/2011/09/amount-and-concentration-of-derivatives-still-threatens-global-economy.html
http://www.slate.com/articles/news_and_politics/explainer/2008/10/596_trillion.html

OOhhh doggy! Why, I think I might have a hard time trying to count that high, let alone trying to be responsible for that.
Dam irresponsible homeowners.

http://www.bloomberg.com/news/2012-02-08/faulty-loans-top-72-billion-as-banks-seek-legal-deal-mortgages.html
http://openchoke.blogs.com/open_choke/2008/09/how-did-maybe-157-billion-in-bad-loans-turn-into-a-trillion.html

Wait! That can’t be right, can it?

My beef is not with successful business owners. If you are the business man you say you are, I have no doubt that you worked hard and deserve everything you have. Kudos to you. Especially if you treat your employees good. I just can’t stand that those on the right blame the poor, disabled, old and those that don’t have the talent or social skills that you and others posses, for the state of the economy. Those people are not responsible for the economy in any way. They have NO CONTROL of the direction that it takes.They barely have control over their own lives. Their voices are silent. They are mere leaves on the branches of the tree, trying to go with the flow of the wind without being ripped off the branch and left to dry out. They are hanging on for dear life in high winds, and some want to cut them loose to only help the bankers and the wealthy.

Why should they take the blame for and suffer the consequences of something they have no control over, but these Financial Titans get tax breaks, bailouts and Bonuses for doing the above?

*****************************

What do you do? Republicans just want to further loosen the strings on these financial behemoths. They are the ones that watered down the last round of financial reforms. I watched on C-SPAN. I heard their talk about “hampering the wealth creators”. Oh, didn’t someone remind them that there is a difference between “wealth creation” and “job creation”. And the Democrats, what few there are, that want to reign them in get called SOCIALIST! COMMIE! ANTI-AMERICAN! FASCIST! for trying to put some ground rules down that would STOP some of this crap. Like all those words mean the same thing.

Wouldn’t you like to be deregulated? Wouldn’t it make it so much easier driving if the biggest vehicle,with the most aggressive driver was able to over power everyone else who may actually be just “wasting time” on the streets to the detriment of the “most productive”.

It would be nice if we could come together and realize what these #ricks are doing to us and our country. Doesn’t anyone realize that this is what causes true deflation? Allowing these TITANS OF FINANCE to make their own rules with no oversight has allowed them to create so much more money with NO BACKING that it alone will destroy the value of a dollar. Oh, you now need $1,000 to buy what $100 would by you a couple of years ago?

No, instead we evict the homeowners. Because they were irresponsible. And RESPONSIBLE people didn’t want to help out their neighbors irresponsibility. Now look what you have to look forward to. Bailing out a QUADRILLION DOLLAR DERIVATIVES MARKET! That is what you get for not putting Rules (regulations) on highly productive and ingenious Market Driven Business men !(children and bullies) YOU NOW OWN IT! Cons were the ones that FOUGHT for BANKERS BONUSES! Contract LAW they said! As months and years later they would argue to ABOLISH LABOR CONTRACTS for union members and public employees.

Bankers ruining everything and the people suffer for it while Cons want to Praise and bestow more riches on these productive, awesome, innovative, creative and ingenious LEGAL FELONS.

If you or anyone has any idea how we can come together and resolve these issues I am all ears. But this is where we need to start. The financial industry is what is ruining our economy. Let’s face up to this and figure out a way to solve it. Please.

*************************

Looks like Bank Against America wants some MORE HELP, are you going to throw more people into the streets, off of food stamps and off Social Security that they paid into, and fire more teachers so you can keep bailing out these deserving highly productive, innovative and needed people ?

http://dailybail.com/home/holy-bailout-federal-reserve-now-backstopping-75-trillion-of.html
https://www.commondreams.org/headline/2012/03/08-2
http://www.bloomberg.com/news/2011-10-18/bofa-said-to-split-regulators-over-moving-merrill-derivatives-to-bank-unit.html
http://www.stockbrokerfraudblog.com/brokerage_firms/bank_of_america/

http://www.scribd.com/doc/36190182/Bank-of-America-s-Response-to-Cuomo-s-Fraud-Charges Self regulation at it’s best. Fully written out for you to read and enjoy.

This is how these “financial weapons of mass deception and global destruction” are destroying our towns, cities, States, Countries and our World.
http://obrag.org/?p=63408
http://www.louisvillepolitics.com/libor-fraud-could-bankrupt-citiesruptcy/

http://baselinescenario.com/financial-crisis-for-beginners/
http://www.brockfc.com/dominoe-watch/

Just disgusting! Why can’t we agree these are the Problems? Are we blind? Are we too tuned into the CORPORATE NEWS? Yeah, that’s right. Left, right, center, up, down, diagonal, in front, out back, it is all the same. They are all CORPORATIONS! ( are PEOPLE my friend) They have a similar goal. They are magicians. Look here, fight about that, Hey there! ABORTION! shhh. MUSLIM! Free Loader! Tax cuts for the wealthy! More spending in Elections.Celebrity who? there? Why? Advertising dollars. Who pays for all this advertising? Where do they get their dollars from?………………….YOU

That’s’ right. Every time You pay your mortgage payment, car payment, personal loan, business loan, student loan, credit card payment, or just purchase a product, part of or an Awfully LOT of YOUR Hard Earned Dollar goes to pay towards these bonuses and salary packages in the MULTI MILLION dollar range and also that $38,000 marble toilet Jamie Dimon had installed shortly before YOUR HOME VALUE TANKED !

But it’s not just you. They have Our ENTIRE Government doing this. From the Federal, to the State, to your local town or even township. That is how they fund the projects and then get Our Government to purchase dollars from the FED,(for doing something it HAS the Constitutional Authority to do) charge the Government interest, put it’s people in charge of the monetary fund and “careful management” of Our economy. Because “they are the experts in their field and whose opinions are highly respected”. Pay off Regulators and Legislators with the Blessing of “Citizens United”, allowing them to become “persons”, Even get the Government to FORCE you to purchase their Insurance products. Do you get it now? They OWN our country! They have no moral responsibility to anyone other than the shareholder. They don’t care about you. They leave the foreclosed homes to sit in the winter without winterizing them. Do you know what happens when a 40 gallon water heater bursts and what it will do to a house that is over run with animals and left to sit? It is NOT pretty. Is that responsible ownership? OHH it is their house to do with what they want. Enjoy it in your neighborhood?

And Who thinks these people should be rewarded for putting their Ingenuity, Creativity, and Industriousness to work in the Free Market , as close to unregulated as you can possibly get, if not Captured regulation, to better the Wealth of others and Themselves and actually end up destroying millions of lives and Entire Free Nations?

These Titans are just draining us out a little more before they pull the plug. Are we going to blame each other, or are we going to wake up to what has been happening?

If I knew how to stop this Crap I would do it. I however,  am posting in comment sections and  this blog .   I guess I am just trying to figure out how a portion of the American people can’t see these things for what they are.  I am trying to scream as loud as I can about this Fleecing of America, without being accused of being a Socialist or a Communist or Un American.

I am hoping that Americans will wake up and be MORE disgusted at how much of  Their Hard Earned Dollars are going to Executive Bonuses, Salary Packages, and Stock options.  How can you be upset at paying a portion of the $50,000/year + $10,000 in benefits and retirement for the teachers that educate your children, but Not upset at having to pay $250,000 for a $100,000 home loan on a house that is now worth $50,000?       It’s insane. 

Please let’s realize where we are.

CC

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