Oil Spill Charity “F-Bomb-A-Thon” on Vimeo

23 07 2010

Donate to help clean up BP’s mess. Buy a T-shirt, button, or sticker. Buy 5.

We all know the US Government will do nothing to discourage the oil companies from continuing the same practices that led to this. We all know the President no longer enforces the laws meant to protect us. We all know the Congress lets the oil companies write their own laws. We all know the Congress depends on oil company money to stay in office.We all know all these things.

So?  Fuck it.  Or, rather, UnFuck it.

-dcm

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Peter Morici : Tough-Talking Obama Kowtows to Bankers

15 12 2009

Dr. Peter Morici[Occasionally I invite a Guest to publish at Scribal Thrum – and I’m proud to welcome Peter Morici, Professor of International Business at the University of Maryland and former Director of Economics at the US International Trade Commission. Thanks for Contributing, Peter.]

You got to admit President Obama obfuscates embarrassing facts and pays off his supporters as well as any politician since Huey Long.

He slams health insurance companies, while endorsing health care reforms that would compel thirty more million Americans to buy their policies or face a poll tax.

Now he slams the bankers for paying themselves $140 billion in bonuses.

Those bonuses were “earned” trading derivatives and other engineered products with the more than $2 trillion in cheap credit provided by the Federal Reserve, TARP and other Washington largess. Meanwhile, bankers denied worthy homeowners opportunities to refinance mortgages and solid small businesses credit.

How much is $140 billion?

The U.S. economy grew at a $89 billion annualized rate in the third quarter. That was the first growth since the second quarter of 2008 and came to $22 billion in actual growth in the third quarter.

The bankers, after causing the greatest economic calamity since the Great Depression, are rewarded with six times the growth accomplished so far in the much heralded “economic recovery.”

Meanwhile, seven million families face foreclosure and 25 million Americans can’t find full time work.

White House economist Christina Romer says we are still suffering the fallout of the recession, but with those bonuses, it will be tough to find pain on Wall Street this holiday season

In Britain, the Prime Minister is imposing a special one-time claw back tax that will take 50 percent of bankers bonuses.

In America, the bankers get a scolding from President Obama.

It is no accident that these same bankers are among the largest contributors to Democratic congressional and presidential campaigns.

Hey, the bankers know how to invest, and the president knows how to take care of his friends.

Original post at  Peter Morici’s Instablog

Obama Talks Tough but Kowtow to Bankers

[Links added to this post -dcm]




Merrill-Lynch Gave Billions in Bonuses on Eve of Bailout / CitiBank TakeOver

3 04 2009

Will this larger taxpayer-funded bonus giveaway fade away without pursuit?

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more about “Merrill-Lynch Gave Billions in Bonuse…“, posted with vodpod







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