Thanks to the media, the 1% are poised to "take the rest"

[g5000]

Barclays BofA Citigroup Sued for ISDAfix Manipulation - Bloomberg

 

[g5000]

The Biggest Price-Fixing Scandal Ever

 

[g5000]

The Export-Import Bank US Message Board - Political Discussion Forum

 

[LogikAndReazon]

Its a finite pie after all ....we is owed !!!
Eh comrades ?

 

[g5000]

The Way Forward: End Tax Expenditures

 

[g5000]

So there you go, Little-Acorn.

Hope your eyes get opened, but I somehow doubt it.

 

[jwoodie]

The Way Forward: End Tax Expenditures

Thanks for the explanation, but "tax expenditure" is an oxymoron. Tax deductions are an instrument of public policy to encourage certain types of economic activity. For example. the mortgage interest deduction is designed to make home ownership more affordable. Whether this type of government intervention in free markets is ultimately beneficial is another question. A "flat" income tax with no deductions may be a better alternative, but flat deductions, combined with graduated income tax rates, makes no sense. If you really want to level the playing field, tax wealth, not income.
http://www.usmessageboard.com/threads/the-way-forward-end-tax-expenditures.263551/

 

[Dot Com]

Unnatural concentration comes from capturing legislative and regulatory power and bending it to your advantage to the exclusion and harm of others with better business models.

Who is doing that?

If thieves were robbing all the houses on your street, and they had police protection,

And the identity of these thieves is....??

The problem requires an unwinding of the legislative tilting of the playing field.

Which legislation is doing this tilting?

Well?

If this "must be corrected", then the obvious place to start is finding out who did the bad stuff.

You're insisting people did bad stuff.

Which people? What bad stuff? Please detail.

Projection is not allowed in this thread

You heard what the OP said. Surely you're not just making up all this up and projecting it onto whatever Republicans or businessmen wander past. Surely you can explain who they actually were, and what they did.

I have listed the thieves and the protection they have received many times on this forum.

Here is a sampling. I hope you bother to take the time to read the links. You demanded it.

Daniel Sparks and Tom Montag: Goldman Sachs. Constructed the fraudulent Timberwolf billion dollar toxic mortgage security and sold it to investors (you), then profited by betting against it. Deliberately stuffed the security with mortgages they knew were toxic so they could bet on its failure while also profiting from its sale it to investors.

Goldman Sued Again


Brian H. Stoker: Citigroup. Constructed the fraudulent Class V Funding III CDO-squared which ripped off investors (you) for over $700 million.

He stole $700 million and paid a fine of $285 million. Is this a disincentive to steal?!?!

http://www.nytimes.com/2011/10/20/business/citigroup-to-pay-285-million-to-settle-sec-charges.html


Fabrice Tourre: Goldman Sachs. John Paulson: Paulson & Co. Inc . Constructed the fraudulent Abacus 2007-ac1 CDO for which Goldman Sachs was fined but no one went to prison. Tourre allowed hedge fund manager John Paulson to select the toxic mortgages to be placed in the CDO so Goldman Sachs and Paulson could bet against it.

http://www.sec.gov/litigation/complaints/2010/comp-pr2010-59.pdf


Angelo Mozilo: Countrywide CEO. Committed the exact same kind of crime as the Enron CEO and financial officers did, and yet he walks free. Mozillo kept telling investors that Countrywide was "consistently producing quality mortgages" while his internal memos show that he was well aware his company was creating the most toxic mortgages on the planet. The SEC originally demanded a jury trial for Mozillo, but he ultimately walked away with a fine and no admission of wrongdoing.

http://www.sec.gov/litigation/complaints/2009/comp21068.pdf


Richard Harriton: Bear Stearns. Along with 13 executives and brokers, defrauded investors of $75 million through stock manipulation.

Bear Stearns paid the SEC a fine of $38.5 million, half of the amount they stole from their investors!

Bear Stearns in $38M settlement - Aug. 5, 1999





Roland Arnall: Ameriquest. Inventor of the "stated asset" (NINJA) loan.

Paid a $325 million settlement with 49 state AGs in early 2006 for misrepresenting and failing to disclose loan terms, charging excessive loan origination fees and inflating appraisals to qualify borrowers for loans.

March 2006, installed as US ambassador to the Netherlands!

How a Gang of Predatory Lenders and Wall Street Bankers Fleeced America -- and Spawned a Global Crisis | John Mauldin | Safehaven.com

Roland Arnall - Wikipedia, the free encyclopedia



Check out that last one. Remember Nannygate? Someone hired a nanny ten years previously who was an illegal immigrant and couldn't get their presidential appointment confirmed by Congress.

But this sleazebag from Ameriquest gets nominated and confirmed as a US Ambassador right after being caught as one of the biggest criminals on Wall Street!

If that does not tell you that our federal government is aiding and abetting these fuckers, nothing will.

You can't make this shit up.

This guy had his brokers forge borrowers' signatures on subprime loans.

Don't believe me? Read this: How a Gang of Predatory Lenders and Wall Street Bankers Fleeced America -- and Spawned a Global Crisis | John Mauldin | Safehaven.com

Read every word of that.


Every one of these bastards is walking free.

If a criminal came into your house and took your stuff, and then he was caught by the police and paid a small fine and got to keep your stuff, would you not be pissed off as hell?

That is what is going on.

Add the LIBOR scandal. Or the ISDAfix being fixed. Or metals pricing being manipulated by Goldman Sachs.

There's enough going on on Wall Street to keep the GOP very, very busy with hearings for years to come.


And yet they are dead silent. Too busy manufacturing bullshit about Benghazi to do something about the the very DNA of our capitalist system being destroyed from within.

Hmmmmm...

quoted for truth. Thanks

 

[Dot Com]

Barclays BofA Citigroup Sued for ISDAfix Manipulation - Bloomberg

I remember when Germany wanted to sue goldman I believe over fraudulent representation of securities but the eXtreme rw here don't want corps regulated & policed by a strong SEC.

 

[Dot Com]

So there you go, Little-Acorn.

Hope your eyes get opened, but I somehow doubt it.

where'd he go? Little-Acorn

 

[Darkwind]

List the times and the specifics of when this has happened and the consequences that the world suffered because of it.

Rome. Too much distance between the haves and have nots, and things go badly. There's also Russia. They were so pissed off at inequality that they turned communist. That was an ironic turn of events, because that led to a whole new kind of inequality, and less than 100 years later their country collapsed again for the same reasons.

Of course, I can't expect a bottom feeder like you to understand this, but one of the key components to maintaining a peaceful and prosperous society is for people to be happy. Too much social unrest, and the locals start to riot. When too many people start to feel like they're been squeezed too much, they rebel against their overlords.

You call Me a bottom feeder, yet your examples are of government taking too much and forcing people to do government bidding. Even the Russian revolution ended up being oppressive government causing this unhappiness.

Now, name a time in history when private citizens held so much wealth that "bad things" happened.

Oh, and try to show just a tiny sliver of intelligence in your response.

 

[SwimExpert]

List the times and the specifics of when this has happened and the consequences that the world suffered because of it.

Rome. Too much distance between the haves and have nots, and things go badly. There's also Russia. They were so pissed off at inequality that they turned communist. That was an ironic turn of events, because that led to a whole new kind of inequality, and less than 100 years later their country collapsed again for the same reasons.

Of course, I can't expect a bottom feeder like you to understand this, but one of the key components to maintaining a peaceful and prosperous society is for people to be happy. Too much social unrest, and the locals start to riot. When too many people start to feel like they're been squeezed too much, they rebel against their overlords.

You call Me a bottom feeder, yet your examples are of government taking too much and forcing people to do government bidding. Even the Russian revolution ended up being oppressive government causing this unhappiness.

Now, name a time in history when private citizens held so much wealth that "bad things" happened.

Oh, and try to show just a tiny sliver of intelligence in your response.

Yes, as I said, I didn't expect a bottom feeder like you to understand it.

A Kingdom needs a King. A King cannot hold without the support of his nobles. A nobleman cannot hold without his peasants.