nhboy
Ubi bene ibi patria
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"America's debt to Wall Street has soared since 1945 - and although the banks were rescued at public expense, the public's been left holding the bag for the recent drop in housing prices: (Chart)
What does this mean? Does it reflect the public's subconscious response to predatory banking? Or is it just some guy having nerdy fun with data sets by juxtaposing two trend lines that have nothing to do with one another? We report, you decide.
Here's what we do know: Like their fictional counterparts, America's banks are revenants, re-animated creatures who were brought back from the dead through the public's generosity. Now they're feasting on the rest of us again, while politicians in Washington work to rob us of the few tools we can use to defend ourselves. With some Democratic complicity, Republicans are fulfilling the promise of Rep. Spencer Bachus, who said that "Washington and the regulators are there to serve the banks."
And what they're serving them is you.
The rap sheet against America's banks grows longer and longer. They keep stringing people along with phony foreclosure negotiations, and then foreclose anyway. And we're hearing more and more stories about bank agents who, as they're invading and padlocking illegally foreclosed homes, also steal the private property inside them. In a recent ghoulish case, they stole a box containing the ashes of the homeowner's husband - ironically enough, from a woman named Ms. Ash. Even vampires don't do that."
"America's debt to Wall Street has soared since 1945 - and although the banks were rescued at public expense, the public's been left holding the bag for the recent drop in housing prices: (Chart)
What does this mean? Does it reflect the public's subconscious response to predatory banking? Or is it just some guy having nerdy fun with data sets by juxtaposing two trend lines that have nothing to do with one another? We report, you decide.
Here's what we do know: Like their fictional counterparts, America's banks are revenants, re-animated creatures who were brought back from the dead through the public's generosity. Now they're feasting on the rest of us again, while politicians in Washington work to rob us of the few tools we can use to defend ourselves. With some Democratic complicity, Republicans are fulfilling the promise of Rep. Spencer Bachus, who said that "Washington and the regulators are there to serve the banks."
And what they're serving them is you.
The rap sheet against America's banks grows longer and longer. They keep stringing people along with phony foreclosure negotiations, and then foreclose anyway. And we're hearing more and more stories about bank agents who, as they're invading and padlocking illegally foreclosed homes, also steal the private property inside them. In a recent ghoulish case, they stole a box containing the ashes of the homeowner's husband - ironically enough, from a woman named Ms. Ash. Even vampires don't do that."
But our political servants as well as the banks don't feel they need to serve us, but that we work for them and they can do as they damn well please. :shrug:
