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How the markets really work (from 2007) BRASSCHECK TV/video

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           http://www.brasschecktv.com/page/187.html 

       How did these comedians see it coming
when financial reporters did not?

Yes, it really is this bad

Another example of humor that is deadly accurate.

I worked on Wall Street for a few years, elbow to elbow with “top” investment bankers.

It was one big casino with the saps in pensions funds and savings and loans (and us) being used to finance the game and cover the losses.

Amazingly, this was recorded in 2007.

 

 

If you don’t fully understand what’s happening in the financial markets – the cause and the likely outcome – this short video will make it crystal clear.

 

http://www.brasschecktv.com/page/187.html

 

– Brasscheck

American taxpayers enraged as congress feigns deafness over bailout.

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Here it is in a nutshell:

 

  • We can’t have universal healthcare because that would be socialism.  Better to let those who are not here illegally suffer, or maybe die, all for the sake of semantics.

 

The concept of insurance seems to have outlived its usefulness and its original purpose.  AIG was a perfect example of a supposed insurance company that was doing anything but providing the coverage it was selling.  Bad investments using premiums as capital, AIG manipulated its books, failed to file the required annual federal documents, and its taxes. Insurance as we know and think of it no longer exists and has not for ten years or so.  Insurance now means that these corporations can be assured that the premiums they have collected and mismanaged will continue to finance everything but claims.

 

  • We can’t help out the 1.7 million who have gone into foreclosure just this year…they should have known better, its their own faults…that would be socialism too.

 

Even that joker Paulson admitted that the securities used to back up loans, mortgages and investments were so complex that he could not fully understand them.  The sub-prime loans to consumers were just as complex and not fully understood by those selling them.  This is fascism.

 

  • We can’t extend unemployment benefits to those who lost employment due to off shoring of jobs and business closings, or due to the illegal hiring of illegal aliens.

 

The same companies and corporations now screaming that we have to bail them out were many of the same companies that closed businesses here and moved overseas for cheap labor.  Why don’t they go to those markets and banks and get their bailout?

 

  • We cannot regulate or perpetrate any kind of oversight over the conduct and ethics of free market capitalists as that would again be socialism.

 

Michelle Bachmann of Minnesota when interviewed CNN claimed that regulation and oversight would be, socialism.  No regulation and no oversight is fascism!  I like socialism better.

 

  • We can’t confiscate the unethically or illegally acquired wealth of those who manipulated the system and are now blackmailing the public into bailing them out.  

 

The same people who bankrupted and profited from the markets that are now collapsing for some reason are not being required to anti-up.  In fact, many are walking away with millions in unearned severance bonuses and salaries.  AND!  Many of these same corrupt CEO’s are being considered for positions in managing the stolen billions confiscated from taxpayers.  This is FASCISM.

 

 

  • We can’t repeal the special tax cuts to the upper 3% who benefited directly from this manipulated “free market”.  That’s an unfair distribution of wealth.  It’s unfair for the wealthy to be taxed regressively as the middle and poor classes are. You guessed it…that’s socialism or even worse communism.

 

But, for some reason redistribution of wealth is of no concern when you take from the poor and middle class and use that money to finance the wealthy who even during this calamity are unwilling to contribute and who will forfeit nothing!  No one applies the term socialism to this redistribution.  And they shouldn’t.  The proper term is FASCISM!!

 

The same people who ran these businesses into the ground, their investors who condoned the practices that lead to this downfall, are unwilling to even talk about pooling their own collected resources and bailing themselves out. 

 

These people have far more money than we do.  Why are they not being held accountable for shoring up their own disaster? 

 

While American citizens have been enraged over this bailout, the pro-corporate, business as usual terms of the bailout, congress plugs its ears and pretends not to hear.  If ordinary people can look at this situation and see that not only is it not necessary, but totally unwarranted….what’s wrong with congress? 

 

© 2008 Marti Oakley

 

READ THE BILLS ACT (RTBA)

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READ THE BILLS ACT (RTBA)

http://www.downsizedc.org/page/read_the_laws

excerpted from the site:

Part 1: What RTBA does and why

Most Congressmen are lawyers, and many others are businessmen. They know what “fiduciary responsibility” is. For Members of Congress, fiduciary responsibility means reading each word of every bill before they vote.

But Congress has not met this duty for a long time. Instead . . .

To this end we have created the “Read the Bills Act (RTBA).” RTBA requires that . . .

·                           Each bill, and every amendment, must be read in its entirety before a quorum in both the House and Senate.

·                           Every member of the House and Senate must sign a sworn affidavit, under penalty of perjury, that he or she has attentively either personally read, or heard read, the complete bill to be voted on.

·                           Every old law coming up for renewal under the sunset provisions must also be read according to the same rules that apply to new bills.

·                           Every bill to be voted on must be published on the Internet at least 7 days before a vote, and Congress must give public notice of the date when a vote will be held on that bill.

·                           Passage of a bill that does not abide by these provisions will render the measure null and void, and establish grounds for the law to be challenged in court.

·                           Congress cannot waive these requirements.

The effects of these provisions will be profound….

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

“Never has the need to end “business as usual” been more important than at this time as congress prepares to confiscate the people’s money to bailout corrupt corporations in what is nothing less than economic blackmail.”     Marti

Click the link and join  http://www.downsizedc.org/page/read_the_laws

Or use the button on your right; “READ THE BILLS ACT” (RTBA)

 

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