With all the talk about another taxpayer funded bailout, this time of the Wall Street racketeers, the American Voice has been heard. How ironic that the Republicans have blocked the Bush push and voted no to a bill for a huge taxpayer funded bailout of Wall Street that noone is even sure will help!
These "Wall Street Tycoons" have already gotten rich from making high-risk loans to people who couldn't afford them so that the Bush dream of "Every American owning a home" could be realized. They knew years ago that they were making bad loans.
They knew the bad loans were going to destroy those people and their dreams, and they also knew that someone was going to be left holding useless paper to back the mortgages. They knew you and I would be left holding the tab! They didn't care! They were making millions upon millions of dollars, buying fancy cars and yachts for their vacation homes, and indulging in a luxurious lifestyle that you and I can only dream of. They have no personal accountability!
Making hundreds of billions more of our dollars available to them isn't going to help anyone, except for the same con artists called CEOs who aren't held accountable. Why should they care? They have their "Golden Parachute" plans in place wherein that in the case of them running the company into the ground, they still get millions of dollars! Even if they get fired! That's totally insane.
There was severe lack of any kind of oversight of the mortgage industry, and the Amercian Taxpayer should not have to foot the bill for those same criminals that have already screwed everyone over. Now, I know that using the word criminals is pretty strong, but I feel it is a fair indictment of them, especially when they had foreknowledge of what their actions were going to lead to. One need only to hear the memos these executives wrote to each other hoping to be retired before the shit hit the fan.
If anyone should have to pay for this mess, it should be those executives who caused this mess. The government should freeze, then seize, the assets of all the guilty senior executives of those companies that were run into the ground. I think this country needs a zero tolerance law for those corporate criminals, much like the laws they use against drug dealers. Take all of their assets and put them in the fund for pensioneers and legitimate investors who got the corporate shaft.
I feel bad for the average American who invested money in those "Financial Institutions" that have now gone bankrupt. Pensions lost, 401k savings wiped out, small businesses not being able to get credit, etc. There should be more outrage at those greedy pigs than there currently is, that's for sure!
You never see the American people demonstrating in the streets of this country very often anymore, unlike what you see on the tv from other countries where the people actually march on government buildings when they get pissed off!
Are we to be complacent sheep, simply content to let the wolves herd us around, picking us off one by one, or are we free, intelligent, strong, and ready to fight for what is right? Let your voice be heard! Say no to corporate greed now! Shout it out, tell the politicans that you're mad as hell, and you're not going to take it anymore!
Maybe it's time for some real reform in this country. I don't believe in any of the current politicians at all. Perhaps it's time for a complete overhaul of governemt, and the implementation of a true democracy in this country. Who's with me?
Abigail Shrier, Bad Therapy
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At Amazon, Abigail Shrier, *Bad Therapy: Why the Kids Aren't Growing Up*.
6 days ago