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Wall Street Likes Your Amnesia


Business  (tags: abuse, americans, business, consumers, corporate, corruption, dishonesty, economy, ethics, finance, foreclosures, government, investments, lies, marketing, money, politics, society )

Kit
- 1047 days ago - atimes.com
The Fed insisted that the loans were repaid and there have been no losses, but the Bloomberg report said the banks reaped a $13 billion windfall in profits--> By Ellen Brown - well worth reading.



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Comments

William K. (308)
Sunday December 18, 2011, 11:34 am
Jon Stewart did an interesting piece on this. We lend the banks 7.7 trillion dollars are virtually no interest, and never disclosed to the public or Congress, they get to invest and make a profit off of it, then the government borrows it back at interest. The US public picks up the tab. It is theft the people's money by the banks with the collusion of the Fed, pure and simple.
 

Past Member (0)
Sunday December 18, 2011, 4:03 pm
As the rich grow richer, how shall the poor survive?

We shall.
 

Danuta Watola (1207)
Sunday December 18, 2011, 11:58 pm
Great article!
 

Craig Pittman (46)
Monday December 19, 2011, 6:15 am
I no longer deal with banks as a result. It's now in a credit union where I earn interest on my savings and pay no fees. (senior)
 

Judith H. (27)
Monday December 19, 2011, 12:28 pm
Wall Street should meet their end...a horrible slow one!
 

Val R. (246)
Monday December 19, 2011, 1:46 pm
And let OWS win - all over the world - I have my $ in a family run bank since can't get to a credit union but don't pay fees and get a small interest due to being on disability - hate I have a credit card from a large bank - but try to never use it/ Many years ago I thought it unconstitutional for the IRS to without money that they made interest on throughout the year and all we got at the end of the year was what they withheld - and if they think you still own them after filing - you have to pay interest again....
 

Robert B. (58)
Monday December 19, 2011, 8:00 pm
It's just one big shell game and no one is going to jail. What a con.
 

Jonjon Hoy (146)
Monday December 19, 2011, 8:35 pm
Bravo Craig....! I went credit union way before the recession cause I could see the recession coming years before it hit. That's why everything I own is paid for with no IOU's. I quit Bank of America back in the late 70's. Long story when I knew the vice president of the bank.
 

june t. (66)
Monday December 19, 2011, 10:47 pm
Unfortunately the protests around the world did nothing - the rich knew all they had to do was wait it out, they don't have to change a thing, and they don't lose a thing, their world remains unchanged. The world is status quo as usual.
 

patricia lasek (317)
Tuesday December 20, 2011, 3:23 am
I, like many others, do NOT have amnesia. Too bad the politicians do.
 

Christopher Fowler (84)
Tuesday December 20, 2011, 9:05 am
Hey Patricia M Lasek, the politicians only have PAID amnesia. As do the kool-aid drinkers in 99% that belong to the GOP.

And since both parties are infected with the disease of perpetual financial stupidity, I am glad that I am an independent.
 

Kit B. (276)
Tuesday December 20, 2011, 9:13 am

You may be an independent thinker, Christopher but the fact is that many states have only two choices on the ballot. People can chose either Our Guy (R) or Our Guy (D) few states still recognize the Independents as a party and fewer still allow for write in votes. We must clean up this country.
 

KS Goh (0)
Monday December 26, 2011, 1:29 am
Thanks for the article.
 

Jan Mach (3)
Tuesday March 13, 2012, 6:42 pm
Deeply true article. Find a proper desert island and move WSt there.
 
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