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TAX WHATS?
What's Tax Got to Do, Got to Do With It?: Politicians have a most difficult time acting hone... Tuesday 27 July 2010, 15:28

Extension of Jobless Aid Still Stalled
Steve B.: Yes, it is really pitiful and perverted but that i... Friday 16 July 2010, 08:24

Extension of Jobless Aid Still Stalled
Lala: Most of those folks in Congress are just plain cro... Thursday 01 July 2010, 21:54

America Needs a Hero
William Bartie: We have little in the way of true leadership in ou... Thursday 24 June 2010, 14:17

Let's Talk 'Republican' [Part 1]
Steve B.: I have to agree with Sean at least on a couple of ... Saturday 05 June 2010, 09:41

Let's Talk 'Republican' [Part 1]
Sean pribanic: Republicans are probably the most pro American pol... Saturday 05 June 2010, 08:42

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All News Now!

26.07.2010 15:40

TAX WHATS?

I cannot stand the depiction of the tax cuts, tax increases, tax bull shit that is spewed by both politicians and pundits alike! It is really simple but those… read more, click here
24.06.2010 13:41

Extension of Jobless Aid Still Stalled

How should this be debated? Is it even given the opportunity for that debate? And at the end of the debate will the majority govern? Not in todays Congress -… read more, click here
29.03.2010 08:33

Truth or WTF?

Here we go with more political rhetoric (definition: out and out crap!) from both political parties. Although one side seems more adept at it then the other,… read more, click here
05.02.2010 14:46

Jobs Bill

Congress is "sparring" over the current "jobs bill" reports The Wall Street Journal. This depiction of the jobs bill debate in the Senate… read more, click here
21.12.2009 09:27

A Vote Against Healthcare

To vote against the Healthcare Reform bill is to vote against having 30 million people covered, for denying coverage for people (and children) with preexisting… read more, click here
Wall Street and Corporate Execs Print E-mail
Written by Steve B.   
Friday, 27 February 2009 12:56

Bank of America CEO Kenneth Lewis talks turkey with New York Attorney General... or would it be more accurate to refer to it as the waste product of a bull instead of the turkey earlier mentioned?

I know that Congress and the previous administration believed that the banks and Wall Street would act in an appropriate, honest, responsible and ethical manner as they received billions in bailout cash.  Most of the conservatives I know thought it a joke to have no restrictions or oversight when handing over the bailout monies and the liberals I know could not have agreed more! 

So how and why did anyone in our govenerment really believe that this money would be used to 'help' anyone other than the individuals that had the power to make decisions regarding how that money was spent?  We've seen trickle-down fail over and over yet there seems to be 'oh so many' that still believe in it.  What was it Einstein said about the definition of insanity?

As it seems with Mr. Lewis there is an abundance of arrogance and disregard for anyone other than perhaps those from their own caste social strata.  Hubris and greed are the corporate ideals of the day!  The more arrogant, the more greed the better it seems!  That is what results from 'trickle-down' economics.

Comments

avatar Gee
+2
 
 
Really, did anyone think that these (rich) corporate clowns would act any other way than disgracefully?
Saturday 28 February 2009, 12:13
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avatar Henry
+1
 
 
This is the premise of the 'trickle down' theory, let a market or industry regulate itself. Ignore the idea that there will be greed and corruption that will dictate regulartory actions, if any. There will always be those that will want to get away with whatever they think they can, or the system will allow.

The past system (trickle-down economics) has proven this out even though there are many that continue to ignore this fact.
Monday 02 March 2009, 07:03
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avatar Dan
0
 
 
So why did this go down as it did? Is this just a clear portrayal of the corruption of our political system? Is it that we have to ignore the obvious and think that the people in control of our governmental assets are really that stupid!
Monday 02 March 2009, 08:09
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avatar Bill
+2
 
 
A report is now out regarding what is likely the cause and events that lead to the financial meltdown. In the last 10 years the financial industry or Wall Street has dumped over billion into lobbying - in escense DEREGULATION! Got it Reaganites? Although I'm sure you are still clinging to your no government, deregulation and trickle down garbage that has proven over and over NOT TO WORK!

Interesting report (by the way with footnotes to sources that you can check yourselves instead of swallowing the garbage you do from idiot politicians and others like Limbaugh) . http://www.wallstreetwatch.org/reports/sold_out.pdf
Wednesday 04 March 2009, 23:01
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avatar Slim
0
 
 
The latest news is that the banks are not insolvent (especially with all our bailout money) but still refuse to let loose and loan money.
Tuesday 21 April 2009, 13:54
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