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Government of the Banks, By the Banks and For the Banks

Posted By admin On February 7, 2009 @ 5:32 am In Commentary | Comments Disabled

George Washington’s Blog [1]
Saturday, Feb 7, 2009

I thought America is supposed to be a “government of the People, by the People and for the People”.

But the financial companies have been allowed to use taxpayer bailout funds to lobby Congress [2].

And the government’s decisions about who to bail out and who not to fund are based on donations, lobbying and politics [3].

Giving trillions to the banks won’t help the economy or the American people.

Indeed, the only thing it is doing is subsidizing [4] companies run by horrible business men, allowing the bankers to receive fat bonuses [5], to redecorate [6] their offices, and to buy gold toilets [7] and prostitutes [8].

As Dennis Kucinich said [9] in October:

We ought to be really concerned about a bank takeover of the country because we borrowed money from the banks to give to the banks, the banks give us toxic assets or hoard the money, or they use it to buy other banks. I don’t think the Founders envisioned government of the banks, for the banks and by the banks.

Government of the Banks, By the Banks and For the Banks 161008pptv2 [10]

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URL to article: http://www.prisonplanet.com/government-of-the-banks-by-the-banks-and-for-the-banks.html

URLs in this post:

[1] George Washington’s Blog : http://georgewashington2.blogspot.com/2009/02/government-of-banks-by-banks-and-for.html

[2] use taxpayer bailout funds to lobby Congress: http://www.opensecrets.org/news/2009/02/tarp-recipients-paid-out-114-m.html

[3] donations, lobbying and politics: http://online.wsj.com/article/SB123258284337504295.html

[4] subsidizing: http://www.propublica.org/article/watchdog-no-hank-you-didnt-get-a-good-deal-for-the-taxpayer

[5] fat bonuses: http://www.google.com/search?hl=en&client=firefox-a&rls=org.mozilla:en-US:official&hs=foF&pwst=1&ei=8siMSarqEIG0sAPOtIn5CA&sa=X&oi=spell&resnum=1&ct=result&cd=1&q=bailout+bonuses&spell=1

[6] redecorate: http://www.google.com/search?hl=en&client=firefox-a&rls=org.mozilla:en-US:official&hs=PRa&ei=U8iMScWqIImMsAOS47mFCQ&sa=X&oi=spell&resnum=1&ct=result&cd=1&q=bailout+redecorate+office&spell=1

[7] gold toilets: http://www.huffingtonpost.com/matt-littman/john-thains-35000-toilet_b_162350.html

[8] prostitutes: http://www.google.com/url?sa=t&source=web&ct=res&cd=1&url=http%3A%2F%2Frawstory.com%2Fnews%2F2008%2FWall_Street_CEOs_investment_bankers_charged_0206.html&ei=PciMSdGcIZmMsQPbj6mSCQ&usg=AFQjCNHLQKoP0h0UEVYhKRJVQncNg8mngw&sig2=UC50MCbhFlmOQbS5ajilMw

[9] said: http://kucinich.us/index.php?option=com_content&task=view&id=2611&Itemid=1

[10] Image: http://www.prisonplanet.tv/subscribe.html

[11] Detroit: Government Chooses Big Banks Over the American People Once Again: http://www.prisonplanet.com/detroit-government-chooses-big-banks-over-the-american-people-once-again.html

[12] Do You Realize That The Government Is Still Paying Banks Not To Lend…?: http://www.prisonplanet.com/do-you-realize-that-the-government-is-still-paying-banks-not-to-lend.html

[13] Its No Secret that the Banks Own the Government: http://www.prisonplanet.com/its-no-secret-that-the-banks-own-the-government.html

[14] Virtually ALL of the Big Banks’ Profits Come from Taxpayer Bailouts and Subsidies: http://www.prisonplanet.com/virtually-all-of-the-big-banks%e2%80%99-profits-come-from-taxpayer-bailouts-and-subsidies.html

[15] If Government Won’t Break Up the Giant Banks, Let’s Do It Ourselves: http://www.prisonplanet.com/if-government-wont-break-up-the-giant-banks-lets-do-it-ourselves.html

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