Mr. Smith goes to Washington… yeah!
No more sacred cows.
Tag: Fraud
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God Rest ye Bankers…
Today, while I was shopping, I overheard a conversation between two young shoppers, a man and a woman. After they greeted each other, the man said, “I just got laid off last week. That s**ked”. The woman responded, “I’m sorry to hear that. I understand that there will be another wave of layoffs announced on Monday.” That was terrible news to hear.
Congress had no problem handing out $700 billion to Wall Street so that banks could free up credit. Then before heading home to spend the holidays with their families, the Republicans turned their backs on workers and refused to grant a loan to the American automobile industry. As a result, many other industries will face layoffs because they do business with the “Big 3 Auto Makers”. This is known as “trickle down disaster”. If the banks that received the bailout opened up the credit market like they were suppose to do, American car makers may not have needed to go begging to Congress. Instead, the banks are hoarding this money which is causing our economy to come to a screeching halt. It is bad everywhere except for the fat cat Congressmen that aren’t a bit worried about the economy because they will be getting a raise when they return in January. As for the rest of us, well, we can eat cake and take drugs that numb our senses.
Here’s a parody that may help put a smile on our faces authored by that man of many talents, Breezy.
God Rest ye Merry Gentleman
God rest ye bankers one and all
Let nothing you dismay.
For George Bush your sav-i-or
Is giving cash away
With no strings attached to it
Wall Street will shout Hooray!
Oh… tidings of billions of bucks
you’re outa luck
Oh… tidings of billions of bucks.
Now ’tis the time to celebrate
For we’ll still get our bonus.
Bad loans we needn’t contemplate
Now that the gov’ment owns us.
Without creating one new job
We’ve had it all our way.
Oh… tidings of billions of bucks
it’s not enough
Oh… tidings of billions of bucks.
Do to job insecurity and the credit crunch, Santa may not be bringing many gifts this year so Santa thought we might all appreciate hearing him play the guitar.
This is a MUST VISIT website…
http://www.keatingeconomics.com/
No wonder John McCain says he doesn’t understand the economy. He was in cahoots with the Charles Keating where 20,000 Americans lost their savings when the Savings and Loan failed. John McCain pushed for deregulation then and he continues to push for deregulation now. And speaking of now, the taxpayers were presented with another bailout to the tune of $700 billion. John McCain still supports deregulation and he wants to deregulate health care and he wants people under the age of 55 to put their Social Security money in a failing stock market.
John McCain, bad for the economy.
Shorter video below:
UPDATE: John McCain and Charles Keating:
(excerpt from Rolling Stone – referencing John McCain’s first run for Congress)
To finance his campaign, McCain dipped into the Hensley family fortune. He secured an endorsement from his mentor, Sen. Tower, who tapped his vast donor network in Texas to give McCain a much-needed boost. And he began an unethical relationship with a high-flying and corrupt financier that would come to characterize his cozy dealings with major donors and lobbyists over the years.
Charlie Keating, the banker and anti-pornography crusader, would ultimately be convicted on 73 counts of fraud and racketeering for his role in the savings-and-loan scandal of the 1980s. That crisis, much like today’s subprime-mortgage meltdown, resulted from misbegotten banking deregulation, and ultimately left taxpayers to pick up a tab of more than $124 billion. Keating, who raised more than $100,000 for McCain’s race, lavished the first-term congressman with the kind of political favors that would make Jack Abramoff blush. McCain and his family took at least nine free trips at Keating’s expense, and vacationed nearly every year at the mogul’s estate in the Bahamas. There they would spend the days yachting and snorkeling and attending extravagant parties in a world McCain referred to as “Charlie Keating’s Shangri-La.” Keating also invited Cindy McCain and her father to invest in a real estate venture for which he promised a 26 percent return on investment. They plunked down more than $350,000.
Video link here…(wait for the commercial to end)
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