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(LA Times)   Five years after the financial crisis, let's look at the winners (corporations and rich people) and losers (human beings)   (latimes.com) divider line 8
    More: Obvious, financial crisis, index funds, American International Group Inc., Neil Barofsky, WaMu, certificates of deposit  
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2035 clicks; posted to Business » on 15 Sep 2013 at 9:45 PM (52 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-09-16 02:28:53 AM
2 votes:
When confronted with the S&L debacle, GHWB told the regulators to "Bring me heads on pikes", they did, but the memories were short (Charles Keating was pretty much `played' by Michael Milken who then used the cash to set up a junk bond empire - yeah, he served time, eventually... now he is  a philanthropist - my, my).

Nothing much has changed in the past 5 yrs.  Laundering money? No problem:   http://www.bloomberg.com/news/2013-03-31/money-laundering-banks-still - get-a-pass-from-u-s-.html

Controlling commodity markets (aluminum) - just to skim fees (not because JPM & Goldman are adding value - you do get to pay them to pay more for your beer, citizen):
http://www.banking. senate.gov/public/index.cfm?FuseAction=Files.View&F ileStore_id=9b58c670-f002-42a9-b673-54e4e05e876e

Citigroup's three part plutonomy `memo' is available here (2006 & it still looks lonely at the top - you can get there if you try! Unravel the magic carpet on your way there?  Fark the fabric of the Republic!):   http://pissedoffwoman.wordpress.com/2012/04/12/the-plutonomy-reports- d ownload/

Only way to kill the beast is structural:  ALL election spending has to come from a public trust fund/All lobbying of Congress must be done in utter transparency (audio/vid of ALL meetings/All other info communicated must be posted to Congress Critter's website within 24hrs of mtg/receipt of info).  That would be a start at the base.

Will probably have to wait for the next shoe to drop before heads roll.
2013-09-16 08:48:11 AM
1 votes:

inclemency: I live in relative comfort as a lower middle class Canadian, while I yearn for a touch more I can't relate to the sociopathy


Sociopaths exist in every community.  What makes America a weird outlier is that over the last 30 years they've restructured their economic and political landscapes to reward sociopathic behavior.
2013-09-16 08:41:27 AM
1 votes:

AngryDragon: And yet total silence from the American people.


Are you nuts? The American people have been biatching and screaming for years.

Problem is that's all they ever do.
/ I'm sure the next round of elections will be TOTALLY different though and people are TOTALLY going to start demanding fair compensation from their employers and they're TOTALLY going to start paying attention to markets and demand fair investment practices and a consistent set of rules that aren't rigged based on your ability to pay
// but let's TOTALLY wait for the next commercial break
2013-09-16 01:58:09 AM
1 votes:
I simply don't understand the money worship required to intentionally fark people over for personal financial gain. I don't think I ever will. I live in relative comfort as a lower middle class Canadian, while I yearn for a touch more I can't relate to the sociopathy

We, even in the troughs, live better than a large portion of the world. Some need to have much much more for some reason... I hope it's an addiction and not malicious but I'm not confident....

If ANYTHING I EVER did screwed someone out of their pension I would be racked with guilt. I suppose that's a selective trait. fark these evil assholes... Your personal wealth costs innumerable people more than you'll ever know.

Bailed out after greedy decisions.... Pure profits. I guess I'll drink.
2013-09-15 10:52:31 PM
1 votes:

Peki: What's weird is why in 20 years an entire generation allowed themselves to be duped out of their winnings? Fricking instant-gratification generation. . .


I got into the market about 3 years before the crash. I'll be 66k in the hole when I get out of college. Recently interviewed for an internship. I was turned down. Their reasoning; I didn't have the skills they were looking for. I'm in the top 10% of my class (mechanical engineering).

Clock towers are going to become very valuable real estate in the near future, especially if they're near 5 star anythings.
2013-09-15 09:46:05 PM
1 votes:
Don't worry, the wealth will start trickling down any minute now.
2013-09-15 08:33:45 PM
1 votes:
farm6.staticflickr.com
2013-09-15 06:47:28 PM
1 votes:
I have it on good authority that is we just give a few more tax breaks to corporations and the top 1%, the economy will turn around in no-time.
 
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