Paul is nothing more than a piece in the chain that continues to harm the next generation. It's a shame, but hey, congrats to him for finding a way to hide his fleecing of students and their parents.
To her Wall Street owners: Hillary Clinton: But if everybody's watching, you know, all of the back room discussions and the deals, you know, then people get a little nervous, to say the least. so, you need both a public and a private position. - Hillary Clinton: "I'm kind of far removed from the struggles of the Middle Class"
Interesting article by someone who feels entitled to read your gmail.
Got to love this...entitlement means something different for the rich than it does for anyone else, and for the rich, we'll use the dictionary definition that makes them look bad. For anyone else, we'll make up a definition that makes them look good.
That right there just about makes this whole article a waste of time for the writer and for anyone who reads it...not to mention the OP for starting a thread about it.
Last edited by Mycroft; 02-11-14 at 05:26 PM.
-I don't trust a man who talks about ethics when he's picking my pocket.- Time Enough For Love - Robert A Heinlein
My avatar created by Feliza Estrada firstname.lastname@example.org
Facts : Social Security is one of the most progressive systems of any government programs. The high-wage earner collects as little as 1/5th what a low wage worker collects on a per dollar contributed basis. That is before means-tests are applied to the high-wage earner, and the tax credits given to low-wage workers to offset the 'high cost of Social Security'. Calling Social Security regressive is simply laughable.
Social Security is not part of a 'safety-net'. There are more than 2200 rules in the system, and not one of the pays a penny of benefit based on need. Millions are even eligible and no amount of need changes that.
Last edited by JoeTheEconomist; 02-12-14 at 12:32 AM.
"A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"
Cicero Marcus Tullius
Jim Hightower | The Mobsters of Wall Street
JIM HIGHTOWER ON BUZZFLASH AT TRUTHOUT
"Assume that you ran a business that was found guilty of bribery, forgery, perjury, defrauding homeowners, fleecing investors, swindling consumers, cheating credit card holders, violating U.S. trade laws and bilking American soldiers. Can you even imagine the kind of punishment you'd get?
How about zero? Nada. Nothing. Zilch. No jail time. Not even a fine. Plus, you still get to stay on as boss, you get to keep all the loot you gained from the crime spree, and you even get an $8.5 million pay raise!
Of course, you and I would never get such outrageous, absurd, kid-glove pampering by legal authorities. But, then, we're not the capo of JPMorgan Chase, America's biggest bank and a crime syndicate that apparently is too big to jail.
Jamie Dimon is the slick, vainglorious, silver-haired boss of the JPMorgan house of banksters. This CEO has fostered a culture of thievery during his years as a top executive at JPMorgan, leading to a shameful litany of crime. Yet, federal prosecutors have bowed to the politically connected Wall Streeter, refusing to ruffle his feathers with even a single criminal charge.
Meanwhile, one of the scams that Dimon directly supervised produced a $6 billion loss for shareholders in 2012. And his reign of mismanagement and illegalities cost the bank's shareholders another $20 billion in federal fines last year, resulting in a 16 percent drop in profits. You might think the bank's board of directors would at least slap Jamie's wrist for the loss of those billions of dollars, but no in January, they rewarded him, raising his pay by some 70 percent to a sweet $20 million!
The New York Times noted that, "To ordinary Americans," such a reward for poor performance "may seem curious." Curious? Uh-uh.
Try incomprehensible, insane and immoral. Wall Street's haughty elites continue to demonstrate that they're common mobsters only not so ethical.
That's the funny thing about Wall Street mobsters (or as I like to call them: Banksters) is that they make a killing by defrauding millions of homeowners, customers, investors and taxpayers then, when caught, they wonder why we don't love them.
That's "funny" as in "bizarre," not as in "ha-ha."
You would think that after racking up a record level of regulatory fines for the recidivist criminal operation overseen by the boss, a little self-reproachment might have done Dimon some good. But he chose a funny way (again meaning bizarre) to express remorse: He's been running a feel-sorry-for-me campaign, claiming that he's the victim of this sordid story!
Never mind his long rap sheet of malfeasance and incompetence, which cost so many so much, Jamie wails that everything from Wall Street's bailout to the pay of top bank executives have made people envious of bankers' success. Thus, he moans, an anti-Wall Street sentiment has spread through the public, prompting politicians and regulators to pander to this populist anger by persecuting enterprising bankers like him. He called the whole thing "unfair."
Good grief. This guy builds bank profits through rip-offs, piles billions of dollars in fines on the backs of shareholders, pockets $20 million in personal pay for one year's work and he wants us to weep for him? Being a Wall Street boss, you see, means never having to say you're sorry, for it's always someone else's fault.
Only 25 years ago, more than a thousand bankers were prosecuted for this sort of malfeasance during the savings & loan scandal. Let's return to the ethical accountability of those days. Or maybe We the People should send our own message to today's banksters by rolling a guillotine down the center of Wall Street."