Toddsterpatriot
Diamond Member
yep let's keep going with the GOP giveaway to the rich and screwing you and everyone else, super dupe.LolIf you don't like fraud..."If their fortunes corresponded to great benefits they provided to the economy there would be little grounds for complaint, but for most of the very rich people in finance, this does not seem to be the case."
If you don't like the financial sector, feel free not to use their services.
Unlike under Communism, you're free to choose, eh comrade?
![]()
Don't use capitalism, right Rockefeller?
Former SEC Attorney James Kidney Is Captured Regulators' Worst Nightmare
"When Eisinger’s book, The Chickenshit Club, was published the following year, it included excerpts of numerous documents on the Abacus case, including this memo from Kidney which argued that the SEC should have considered charging Paulson & Co., John Paulson, as an individual, and others for the Abacus fraud:
"'Each of them knowingly participated, as did Goldman and Tourre, in a scheme to sell a product which, in blunt but accurate terms, was designed to fail. An important part of the scheme was, of course, not to inform investors the product was designed to fail and, further, to lull them into confidence about the offering by promoting the participation of a supposed independent entity to select the underlying assets which dictated the performance of the offering.'
"'This was intentionally done to disguise the participation and veto authority of Paulson & Co. in selecting the assets. In other words, the current and possibly additional evidence suggests they should be sued for securities fraud because they are liable for securities fraud.'"
If only ABN and IKB were huge banks full of professionals who knew how to analyze securities before they bought them, this never would have happened. DERP!![]()
MUST SEE CHART: Major Bank Fraud Adds Up To A Lot Of Silver | SilverSeek.com
"The amount of fraud taking place in the major banks throughout the world is staggering to say the least. Ironically, the only market that isn’t manipulated, is the silver market… so they say.
"To make it seem as if the regulators are on the ball, many of the major banks have been found guilty of committing one fraud or another, paying large fines and settlements."
Where's your concern for integrity?
Keep your socialism to yourselves, the rest of us want nothing to do with it. It does not require our participation...
The Demise of the American Middle Class In Numbers.
Over the past 35 years the American dream has gradually disappeared. The process was slow, so most people didn’t notice. They just worked a few more hours, borrowed a little more and cut back on non-essentials. But looking at the numbers and comparing them over long time periods, it is obvious that things have changed drastically. Here are the details:
1. WORKERS PRODUCE MORE BUT THE GAINS GO TO BUSINESS.
Over the past 63 years worker productivity has grown by 2.0% per year.
But after 1980, workers received a smaller share every year. Labor’s share of income (1992 = 100%):
1950 = 101%
1960 = 105%
1970 = 105%
1980 = 105% – Reagan
1990 = 100%
2000 = 96%
2007 = 92%
A 13% drop since 1980
2. THE TOP 10% GET A LARGER SHARE.
Share of National Income going to Top 10%:
1950 = 35%
1960 = 34%
1970 = 34%
1980 = 34% – Reagan
1990 = 40%
2000 = 47%
2007 = 50%
An increase of 16% since Reagan.
3. WORKERS COMPENSATED FOR THE LOSS OF INCOME BY SPENDING THEIR SAVINGS.
The savings Rose up to Reagan and fell during and after.
1950 = 6.0%
1960 = 7.0%
1970 = 8.5%
1980 = 10.0% – Reagan
1982 = 11.2% – Peak
1990 = 7.0%
2000 = 2.0%
2006 = -1.1% (Negative = withdrawing from savings)
A 12.3% drop after Reagan.
4. WORKERS ALSO BORROWED TO MAKE UP FOR THE LOSS.
Household Debt as percentage of GDP:
1965 = 46%
1970 = 45%
1980 = 50% – Reagan
1990 = 61%
2000 = 69%
2007 = 95%
Thanks!
I have seen your bullshit wall of text in a while.