The corporate corruption of our government is most glaring when it comes to regulating Wall Street

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I might not be too long before our economy gets screwed by Wall Street again. According to a new report released today by Public Citizen – lawmakers who oppose the Volcker Rule, which says banks can't gamble with your checking account money, receive on average four times more in campaign contributions from Wall Street than those lawmakers who support the Volcker Rule.

In total – Members of Congress opposing the Volcker Rule have collected more than $66 million since 2010 from the banksters – which works out to about $388,000 per Member. While most Americans are horrified by this blatant buy-off of our Congress – Wall Street considers it a worthwhile investment and the Supreme Court says it's legal.

Thom Hartmann Administrator's picture
Thom Hartmann A...
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The modern business model it a crime syndicate. Therefore most of our corporations are run like crime syndicates and hence the corruption. Sometimes I wonder if the CEOs were the fraternity drug dealers when they were in college.

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captbebops
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Jul. 31, 2007 4:01 pm

Good noticing captbebops! The answer to your wondering: " I wonder if the CEOs were the fraternity drug dealers when they were in college" is YES. Additionally these frat he-men were also the guys raping females and hazing the less fortunate males. Now that they are big boys in bigger bodies they just do everything bigger - and the viagra helps that too! How can we expect it to be any different in the big grown up world?

media_muse
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Dec. 10, 2011 3:09 pm

True that !

Read Matt Taibi's blogs at Rolling Stone for disgusting amusement at the crime syndicate of banking & finance

“Some people think the Federal Reserve Banks are U.S. government institutions. They are not … they are private credit monopolies which prey upon the people of the U.S. for the benefit of themselves and their foreign and domestic swindlers, and rich and
predatory money lenders. The sack of the United States by the Fed is the greatest crime in history. Every effort has been made by the Fed to conceal its powers, but the truth is the Fed has usurped the government. It controls everything here and it controls
all our foreign relations. It makes and breaks governments at will.”
— Congressman Charles McFadden, Chairman, House Banking and Currency Committee, June 10, 1932.

We have the duly constituted Government….Then we have an independent, uncontrolled and uncoordinated government in the Federal Reserve System”
Congressman Wright Patman, Chairman of the House Banking & Currency Committee, speech on the House floor, c.1967

Senator_Blutarsky's picture
Senator_Blutarsky
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May. 4, 2011 10:03 am

Yay, lets kill the Fed. Then who watches the banks, and how do "we the people" find someone to hold the tiller on the economy.

The answers are either:

1- No one! Freedom! a return to the good old days of pre 1912, when the US had a major recession every 7 years brought about by Banks Gone Wild.

2- Politicians, which means the Speaker of House, which today means the OrangeMan. A man so powerful he can't even corral his own caucus, and he can't stand up to Rush Limbaugh, but he'll have the spine to provide stability to the markets.

3- We develop a quasi public entity that is charged with keeping the economy growing and inflation in check, with independent leadership. Today, in the US, we call that the Federal Reserve Banking System.

Phaedrus76's picture
Phaedrus76
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Sep. 14, 2010 8:21 pm

your #1 - any economic historian can trace many of the assorted recessions to manipulations by the banksters, as a pretext for getting a formally-induced "Federal Reserve"

read the McFadden quote more closely

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Senator_Blutarsky
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May. 4, 2011 10:03 am

50 years ago the mob decided to go legit. Did they buy banks? Corporations?

Ron G McComb
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Jun. 14, 2011 10:13 pm

Oh, that mob. Nope. They put their money into Vegas and ran the most regulated Casino America has ever seen. The mob that controlled the Wall St. Casino is an entirely different level of criminal. They have owned the banks and the corporations for a lot longer than "organized crime" has been around. It explains why "organized crime" could only take over the left-overs in the first place. This is big-time WASP Mobsterism.

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DRC
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Jul. 31, 2007 4:01 pm

Reminds me of this line-

“Knocking off a bank or an armoured truck is merely crude. Knocking off an entire republic has, I feel, a certain style.”
-- Sir James Mason, The Dogs of War by Frederick Forsyth.

The above line has been bandied about the Harold Pratt house in NYC for decades - they borrowed it from the Rothschilds et al

Senator_Blutarsky's picture
Senator_Blutarsky
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May. 4, 2011 10:03 am

Or, you can just update the Woodie Guthrie line about how you can steal more with a briefcase than a gun. I think a portfolio beats a briefcase every time.

"War is a racket," by that great stand-up comic, Gen. Smedley Butler, still cracks me up. BTW, I think it is good for our optimism to know that it has been much worse for much longer than we thought. Had we just blown the real thing in the last generation, how bad would we have to feel? If we have been working to get somewhere against a load of crap for a long time, I think we can see a lot more reason to keep on keepin' on.

But, that's just me and my historian geek self.

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DRC
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Jul. 31, 2007 4:01 pm

a Smed-But here !

" I believe in adequate defense at the coastline and nothing else........... If a nation comes over here to fight, then we'll fight........ There are only two things we should fight for. One is the defense of our homes and the other is the Bill of Rights."
Major General Smedley Butler, USMC, 2-time recipient of the Congressional Medal of Honor and author of "War is a Racket"

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Senator_Blutarsky
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May. 4, 2011 10:03 am

the pre 1912 boom and busts were caused by the same banksters that eventually ran/run the fed. they used thier money and influence to pass legislation restricting the use of silver as currency and instituing gold as payment for debt. as gold is scarce and they owned much of it they where able to contract and inflate the economy at will.

as an idea

1.The treasury takes the role of the fed. as it was meant to. creating just enough DEBT FREE money as to allow fluid trade.

2.Replace the federal reserve brances with state banks owned and operated by the people of that state and for thier benefite.

3. Create smaller state bank branches in communities as needed for surrounding population to have access.

4.END USURY!

yah cut the banks out. the fractional reserve banking system propagates the unsustanable infinite growth economic model. we will probably have to ween ourselves off of fractional reserve lending itself, but the control of the sysem could be flawlessly tranfered from private banks to elected managers for the people.

J DAILEY's picture
J DAILEY
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Feb. 23, 2012 7:43 am

Yah, kill the Fed, and have "elected" managers, who will probably be of the same type as Boehner pr Rep. Cantor or Rep. Eddie Munster Ryan. Yah, that'll work well. Hack politicians who will use the Fed as a political tool.

And the Treasury takes over the coining of money. Once again, that means politicians who have elections on the horizon running the banks, instead of the banks running the banks. Brilliant.

State banks owned by the states. Yeah, so the same retards that run Alabama and Texas will get elected to run their state banks. Wow. That'll go as well right? I mean, do you think these state banks will come up with rules requiring women to get invasive vaginal probes before they can withdraw funds?

End usury? So ending the charging of interest? Wow. And who is the communist?

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Phaedrus76
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Sep. 14, 2010 8:21 pm

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