Capitalism for the 1%

[INdemo]

Whats missing in our Democracy?

[GreatInDayton]

1. Eegads...

WB:
"What do you think of President Obama's decision to bail them out?"

https://en.wikipedia.org/wiki/Fourth_Estate

[INdemo]

2. It was Congress's decision too

I didn't agree the way it was done. For example one Bank got 25 Billion and didn't really want it but yet they took it and bought a borderline failing bank.
What it did was to tell the Banks its OK if you gamble with your depositors money and lose because "we have you covered"
What really pisses me off about the "Bank Swindle" as I call it was the people that lost their retirement savings,Pensions were pushed to insolvency and not one damn Government dollar bailed them out.
The Banks took their money gave their CEO their bonuses as scheduled and laughed all the way to the Bank's boardroom.

I did approve of how the GM bailout was handled as GM recovered paid the Government back and the rest is history

But many of the Big Banks have not paid back the TARP funds. In fact they were allowed to borrow from the Government the funds to pay on the TARP funding by just moving the money from one "debit" account to another.

http://www.knowyourbank.com/blogs/bank-tarp-funds/

[Elmergantry]

3. Capitalism is "legalized greed"

Last edited Mon Jan 4, 2016, 02:04 PM - Edit history (1)

so he says...and it is for the 1%. Since he belongs in the 1% and has profited handsomely from capitalism, that would make him a greedy fat bastard hypocrite.....and a putz.

[Enthusiast]

4. K&R! This post should have hundreds of recommendations!

Michael was so completely right in this interview. These issues have still not been resolved. The influence of huge money still determines the course of the election and legislative process. That is not a full democracy when "the people" have such little influence.