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Book 'Em - Too Big To Fail But Not Too Big to Go to Jail |
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On the one-year anniversary of the Banksters blowing a hole in the global economy, no employee of a major American bank or financial institution is behind bars. Compare this to what happened after the Savings and Loan heist almost 20 years ago. No less than 1,852 S&L officials were prosecuted and 1,072 were jailed. Over 500 CEOs and top officers were indicted. What is going on here? Don't we believe in holding people accountable anymore? Tell the U.S. Department of Justice and the FBI to get cracking! Our motto? TOO BIG TO FAIL, BUT NOT TOO BIG TO GO TO JAIL!Repo the Dough! |
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The Banksters' reckless gambling on Wall Street has collapsed the global economy, and rather than being busted, they are being rewarded by an extraordinary series of taxpayer-backed programs. So what is happening with those programs? Are we getting our dollar’s worth? A few independent watchdogs have been trying to make sure that the bailout is being undertaken lawfully. They keep one eye on the regulators – trying to make sure their decisions are in the best interest of the public – and one eye on the banks – trying to make sure that the funds are used for their intended purpose.Putting Wall Street to Work for Main Street |
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The Banksters on Wall Street have blown a hole in the economy that could take a decade to repair. In the twenty months from December 2007 (the start of the recession) to August 2009, the nation lost more than 7 million private-sector jobs. The formal unemployment rate is rapidly approaching double digits and many of these lost jobs are being permanently shipped overseas. Americans are losing health care at a rapid clip and the historic stimulus package passed by the Obama administration is beginning to run out of steam. While it is true that the stimulus package was large, the damage to our economy was even larger.Break Up the Banks |
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Too big to fail (TBTF) banks were key to causing the financial crisis and spreading the contagion around the globe. Yet what has happened to the biggest banks in America? You guessed it – they got bigger. After absorbing Merrill Lynch, Bank of America is now the largest bank in the United States. After gobbling up Washington Mutual and Bear Sterns, JP Morgan Bank is second. Wells Fargo took over Wachovia and the zombie bank Citi (theoretically) rounds out the top four.
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Book 'Em - Too Big To Fail But Not Too Big to Go to Jail |
|
| Read more |
Repo the Dough! |
|
| Read more |
Putting Wall Street to Work for Main Street |
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| Read more |
Break Up the Banks |
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| Read more |