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When the middle class disapears, and you have nothing; then they will rise up and take from the wealthy. One way or the other.
I wrote to Senator Patty Murray and asked her to propose (actually demand) an end to ALL big oil subsidies. We'll see...
Occupy Wall Street Protesters Reportedly Arrested For Closing Their Accounts- Call The CEO
October 15, 2011
By Wendy Gittleson
"Details are still unknown, but initial reports on the Occupy Wall Street Livestream are that people are being detained inside a CitiBank branch and some are being arrested for trying to close their accounts." Quote
It all fits in together:
NEW VIDEO - Oakland Police Shoot Protester HELPING Scott Olsen To Safety In Violation Of Geneva Convention
"A protester shows his wound after the police shot him with a rubber bullet while he helped carry Scott Olsen. The bullet had to be removed from his body. The Oakland police violated their own rules, and violated the Geneva Convention against targeting wounded combatants or those attempting to render medical aid." Quote whatreallyhappened.com
First Hand Account of the Police Assault on Scott Olson
Marine Who Faced Off NY Cops Talks Of Scott Olsen Attack - Vid - Rense.com
The police shoot a PATRIOT in the HEAD! Scott Olson now needs brain surgery. Scott Olson was protesting PEACEFULLY, against foreign rule of the U.S. government! Scott Olson was protesting against the overturn of the freedoms of the citizens of the United States! Scott Olson was protesting against the OVERTURN OF THE CONSTITUTION by the foreign based powers dictating to the U.S. government and the Pentagon!
For this his American "brother" SHOT HIM IN THE HEAD AT CLOSE RANGE, DELIBERATELY!
Where there is peace, peaceful protests will abide, but when backs are up against the wall and CRUELTY EXISTS TOWARD THEM, THEN DO NOT EXPECT COMPLIANCE, with people laying down to be MURDERED AND BRUTALIZED, TERRORIZED, AND STOLEN FROM.
Civil servants have their wages paid for by the taxes of the people, yet these ones turn on their employers, beating them with batons, shooting them with mace and pepper spray, and shooting them in the head!
Taxes are illegal in all formats and are not universally recomended, for with the use of such usury come corruption, theivery, and political and crowd control.
Here, under this present system, dealing with taxes, the people pay the wages of the police so the police can pay their own rent or mortgage, and buy themselves food, whilst the police, terrorize, arrest, shoot to kill, and steal the very food from the mouths of their employers!
People are no longer allowed to bank where they please because the 1% believe the people will start a new trend and that trend will eventully result in quantitative easing for the people by the people. The quantitative easing for the people will then result in a transition to a system without money, without usury and without guile.
And this will happen.
“Speech is the sword of righteousness of man when it is used with reverence and heart.” Joseph Michael Levry (Gurunam)
Semper Fi: Occupy Marines Bringing Reinforcements To Occupy The Nation #Ows
God Bless You Guys!!!
Love, Peace and Light
Let’s Make America Right" - submitted by Tim Owen
We have the U.S. Marines! We have the U.S. Army! And some do not like it! - Cygnus1
"I have been showing to the Occupy Seattle demonstrations every weekend. The first weekend I was there I showed in my full dress greens, even though the pants had mysteriously shrunk around the waist, and the corframs were very beat up. The sign that I have been holding up says “We Support the People.” The statement I am trying to make is that the constitutional rights of Americans, not only in Seattle, but around the country are being violated by ridiculous municipal codes and park laws. The Marines from new York have been my inspiration.
"I have been the only veteran that was present in my full dress uniform. The following weeks have shown a small turnout of other veterans wearing parts of their uniforms, however they are already tied to other groups. The Occupy Seattle movements seems like it is dwindling because of violations to the citizenship’s first amendment rights and they don’t even seem to know it.
"I am currently trying to organize veterans at the Community College at which I am attending but it is a slow process and I also work 40+ hours a week. I fully support the idea of this group, all of us swore that we would support and defend the Constitution of the United States of America against all enemies foreign and domestic. I am one of you and I am ready to do my part to serve my country the way we defenders of the Constitution should.
Brandon Burton,
Specialist,
US Army, Cavalry
And some do not like it. - Cygnus1
Marine Who Faced Off NY Cops Talks Of Scott Olsen Attack - Vid - Rense.com
"Are you crazy? You are trying to recruit active duty military personnel for your protest? Are you deliberately trying to get these people into trouble. The Armed Forces of the United States is a neutral component in this and cannot be seen as supporting any group either directly or indirectly, to ensure Military Personnel understand the ramifications of doing this I have contacted the Department of Defense as well as each branch of the Armed Forces to look into this. Additionally this site is openly stating that you have the full support of the Armed Forces and that they are recruiting Active Duty personnel." - quote from retired veteran @ occupymarines.org - along with link.
http://www.addictinginfo.org/2011/10/22/semper-fi-occupy-marines-bringing-reinforcements-to-occupy-the-nation/
Is there a different Constitution which the Military and Armed Forces should abide which differs from that of the ordinary citizen? I thought all were under the same Constitution and flag! It seems according to this retired Veteran, that the PROTECTERS of the United States are not supposed to take sides, meaning they are to only protect the interests of the elite or 1%. If the protecters of the United States with all their military forces are not to protect THE CONSTITUTION and the PEOPLE who live under that Constitution, then what, may I ask, are the military protecters of the United States supposed to be doing?
Does not active duty in UPHOLDING THE CONSTITUTION OF THE UNITED STATES mandate the entire reasoning of BEING ON MILITARY DUTY in one form or another?!
If, the Military men and women are to fight for the "freedom of America" then, of course, THEY NEED TO FIGHT FOR THE FREEDOM AT HOME IN WHICHEVER WAY IT NEEDS BE DONE.
Oh, how afraid are the elite and their "stripend accounts." Breathing fire down the backs of the Marines and their Armies! Threatening them with dismissal and attacks on their persons in the form of "traitors to the U.S. government!" as run by foreign powers." What ludicracy!
By forbidding dress uniform or fatigues to be worn at protests, the government is trying to divide those who defend the freedom of the United States from those who defend the freedom of the bankers, corporations and the entire 1% and its millions of eyes.
Why can the Marines, Armed forces, Navy, Airforce and others not wear their uniforms or fatigues, in a protest TO PROTEST AGAINST THEIR U.S. FOREIGN CONTROLLED GOVERNMENT and all of its branches who REFUSE TO UPHOLD THE VERY CONSTITUTION THIS COUNTRY WAS FOUNDED UPON AND THEY ARE SWORN TO UPHOLD?!
The U.S. foreign controlled government is afraid that military men and women in military uniform dress and fatigues will provide too strong a front for the protesters. These military protesters in dress uniform and fatigues will, as a large group, intimidate the police by their very presence and octive chords. If the military in full dress uniform and fatigues come together in such attire on the side of the people, then the U.S. foreign controlled government, the Pentagon and its sections, will shake in their boots FOR THEY WILL THEN HAVE NO MILITARY UPON AMERICAN SOIL TO FIGHT AGAINST THE PEOPLE OF THE United States of America, hence there will eventually be no way to arrest the people and throw dissenters in one of the 800 secret prison camps FEMA has set up.
One marine asked why I use so many caps. The reason I do this is to get my point across and caps and bolding stand out. But because you have told me that you find caps rather difficult to read, I will try and limit the use of them and thank you for your comment. - Cygnus1
Well, when the courts, and our system of "justice?", are so corrupt to begin with that it lets a few extremely wealthy people get away with not only stealing us all blind but with mass murder (they get rich by killing people in other countries in illegal wars; and now, by killing people in this country by squeezing us out of our jobs), then who the heck cares about whether pestering people at their residences is defined by the courts as stalking. They are lucky we are not lopping off heads as they did in the French Revolution.
And if you can say that people are "stalking" in one place, at someone's home, then why can't they also say that we are "stalking" people when amassing in front of banks and Wall Street. Let's not give any iota of humanity to those who have not given any to the rest of us. In order for real change to happen we have to scare the bejesus out of these criminals so they will not be so brazen and in our faces about their crimes.
We are at war, by the way, and the rich started this most recent war at least 30 years ago by slowly squeezing us out of our wages, our homes, our lives and the lives of our families. When courts and politicians are so corrupt that they go along with these criminals, because they have become criminals themselves, they can no longer be respected. There's no honor in what they do...they are our executioners. Some of them believe that the world needs to be trimmed down of it's population and you can see how they are now trying to do it.
Yes, we are at war...a war we did not start...and we were losing...when we played their games of politics and believing that we had to rely on their system of voting for the best person to tell us lies and give us the shaft...because that was the "civilized" way of doing things. Most of us now realize that voting really does not matter in a corrupt system. And people are fed up watching their children, or other loved ones, die of treatable diseases that they can not afford to have treated because for 30 years these criminal elite have rigged the system so that we couldn't survive. When most other countries have adopted workable form of socialized medicine (and even higher education) the US is content to watch their people die and suffer all because they couldn't afford decent medical care. They are "weeding" us out of existence.
The only thing we have left is to take to the streets...and if need be....those streets are right in front of the residences of those criminals who are the "godfathers" of the organized crime families that are working to murder many of us.
Well, money in the wrong hands corrupts absolutely. However there are two sides- money in the right hands is incorruptible. That is how we are to know the difference between good and bad, righteous or wicked- who has the money and how "wealth" is distributed when in reality man doesn't own one stick of the forest or one shell on the beach.
I think demonstrating at personal residences and ordering unwanted pizzas and such for the perps would quickly be defined in the courts as stalking.
Better than an actual magazine, which is a more class-act publication, what about a cheap tabloid, The National Acquirer? That way they can't be missed by those waiting in line with their food stamps. They could be shown in compromising spa shots and shoplifting from Saks; making it with the pool boy or nanny, whichever be the case.
Something special should be devoted to estate and patent lawyers, the trucking industry, King Corn and securities traders, all in the same publication:
Truckers, Shuckers, and Class F Lawyers aka
.I do have confidence in this generation coming of age, I look at the incredible moral strength of my mom and dad's grandchildren and see more than an incremental growth over my generation. As a whole they are probably better educated than we were and my folks didn't do bad for a couple of HS grads, all 7 of their kids got higher education, and all 7 have led meaningful lives and have contributed to their communities. As my generation turned its energy inward and ignored the growing global injustice these past 30 years, the generation of our children seems to be turning outward to question the broader meaning of community.
I see the Occupy movement as humanity's reaction to injustice. There is a theory that every 75-80 years America goes through a systemic change, 1775, 1861, 1933......2012? Normally that change occurring because of a widely accepted injustice in our society and a generational change happening at the same time. If nothing else the resurgence of awareness, the change in the discussion and the widespread personal tragedies resulting from the injustice of the tyranny of the obscenely rich have touched something different around the world.
From my perspective the beginning of the change is underway. It isn't going to take the decades it took to achieve reform in the past. Mankind is overusing the material resources of this planet, no financial instrument in the world can change that. The fact that such a tiny percentage of mankind is responsible for this overuse is just not going to wash for too much longer. We're all stuck on this little island in the galaxy that we can't leave, so we either figure out a reasonable way to preserve the species cooperatively and democratically or we allow madmen to lead humanity along a path of more of the same until the biological imperative takes over. I'm betting on the children....I think they are doing very well in defining the issue not as "right against left", "red/blue", "rich/poor" or "capitalism/socialism" they are defining it as a simple matter of justice. How elegant, how simple and how brilliant. That's reason enough for an oldtimer like me to think change is coming, because what I see in my mom and dad's grandchildren I've seen in the faces of humanity around the world this past year.
most of my favorites have already been mentioned - Dylan etc - how bout blowin in the wind others 1/ peace will come melanie 2/ sky pilot the animals 3/ goodnight saigon billy joel 4/ sloth - red and gold -peace in the end - by fairport convention 5/ requem for the masses by the association 6/what was gained by mckendrie spring 6/ the green fields of france by the men they couldnt hang 7/lucky man by emerson lake and palmer 8/ unknown soldier and peace frog by the doors 8/ mercenary song and rich mans war by steve earle 9/ radio baghdad by patti smith 10/broken boy soldiers by the raconteurs 11/ when this war is over by eric clapton and jj cale 12/warrior by wishbone ash 13/brothers in arms by dire straits 14/ final cut (the whole alblum) by pink floyd 15/ nights in white satin moody blues (vietnam war song)
Bill Maher show, tonight, was actually pretty good. It looked like someone was about to bash heads at one point..got a little intense. They had on some clown from Fox Snooze rattling off his right-wing non-sense and Cornel West and Michael Ware were really cutting up and into the guest, Ron Christie. Michelle Goldberg was on their side but more subdued. Maher had to calm things down. Unfortunately, though, the show led off with a walk on/off guest Grover the Rover (Woof, Woof) Norquist.
Michael Ware had a lot to say about the situation in the middle east and how the US just fell into Iran's traps...the last of which may be yet to come...when they move into Iraq. It's horrendous...during the Iran-Iraq war when the US was playing one side against the other trying to wear both down, then the US invades Iraq, seemingly winning that war until the insurgents, backed by Iran, wore the US down..and is leaving Iraq easy pickings for Iran which will give Iran a free hand at imposing it's will on Iraq. Actually Ware didn't say all of that exactly but he did say that the Iranians were actually, covertly, whipping US butt over there and sent a strong message to the US that they had better get out of the region. Ware also mentioned that all of this campaign rhetoric by Obama about pulling troops out of Iraq by the end of the year was actually an agreement by the baby Bush regime and the Iraqis and that he really had no other choice but to pull out. Had it not been for that agreement, Obama probably would have kept troops there much longer. Ware condemned baby bush for even starting the war to begin with. But he wasn't going to let Obama take false credit for something that had to happen anyway.
I would suggest leaving Calif. I used to live there for 36 years then moved to Denver on a job transfer and now in Arkansas in a gated community where my mortgage per month is $370.00, not incl taxes. Taxes and insur are around 100.00 per mo. No car pmt, no credit cards. I've been downsizing my living for a number of years. Good thing. A normal month runs me around $1300.00 and I get more then that in SS, plus I have a small pension and IRA so I actually can save most months. I am single.
I do agree that cost of living for a lot of people is much higher and I consider myself very fortunate. I am retired and I do get Medicare which runs me close to $100.00 per mo, plus co-pays and deductibles, which go up every year while benefits decrease.
Like Thom said on his show if min wage increased along with cost of living since 1980, min wage should be somewhere between $14-17.00 per hour. I recall on a news channel in Denver probably 10 years ago it was estimated that a single working mother with 2 children needed to earn around $18.00 to live comfortably, considering the cost of child care, etc. Wages have been kept suppressed while CEO's pay went up. In order to keep people buying stuff they had to create credit cards so we could purchase beyond our monthly income so they could keep the profits coming in. Does anybody out there feel used? I do. In a sense I am fortunate that I've been economically savy for a number of years and have done credit and debt counseling as well as having worked in the mortgage industry and been an accountant, done tax returns, etc. I have not owned a major credit card for 15 years, thank God. Trickle down? It's been more of a trickle up economic system for 30 years. Remember we were warned about the giant sucking sound south when free trade came in? Well, we've also experienced a giant sucking sound north as the 1% sucked up all the money and left us with squat.
Got to be able to filter out the garbage that's continuously fed to the people over our airwaves in the form of "news". I quit listening to mainstream media years ago. I'd watch some local goings on and weather, but rarely anything more then that. I've suspected a government behind the government since the 70's but never could figure out what it was. Very elusive, but now they are just arrogant and flat out in the open not caring anymore that we know what's going on. In a sense that is almost more scary to me then not knowing. It's like they know something we haven't learned about yet. Either that or they are flat out scared that the wall of cards is starting to crumble around them. I truly don't think they expected the people to wake up and to stand up for their rights. Not only in this country but around the world. We are in a unique time in our history and ultimately the people will win. We are 99% and they are only the 1%. Majority rules. In the meantime we are in for a rough ride. Hang onto your seats.
The wealth of the middle class is being tapped as a resource for the one percent persons. But, the wealth of our nation is being tapped also with selling off our natural resources, which includes land, to support the strength of the American dollar for the benefit of the 1% persons population. These two resources are what the one percent population is counting upon to maintain their power. I’ve deduced through observation that I am no longer a Citizen, but a victim. I support the Own Wall Street campaign...
a story of ambition...
i knew an artist once. this artist was as gifted as "mich', dali, picasso you name 'em he was them. a master of the human figure, by words of others truly to be a great. this artist was a working stiff and as a rule of thumb refused to risk as he was so often told to do by his peers and even a couple masters. so when he finally got balls enough to want to take the risk and start his gallery he was sitting on top of 300k of equity in his home. the wife wanted an addition first, then there were all the other nickle and dime to work into the budget as well as the kids to feed. that workin stiff job was all he really had as he saw what was coming. halted his ambitions as he found out that the builders were really gouging and workmanships was crap and his dream addition and gallary for now had to be put on hold. "whew", he told me the other day "if i had jumped in like every body else i'd have been tottaly screwed". he refied his home to pay it off quicker in an effort to not be hostage to the banks that screwed it up to begin with. he is just a working stiff now. his home that balooned in value allowing him that one rare moment of oppertunity to cash out when fortune looked to be shining on everybody worth, now, scarce more then when he and the wife bought it 20 years ago. my artist friend still aspires to rise above working stiff but as a business person we all know that one needs some capital to even start and if one is already hostage to the bank then wanting to further be hostage is out of the question. so what do we do?
the message? none really i suppose but when you look at the rift in wage to cost of living it does lend one to wonder if way back in the day it might have been a bit easier to take that risk.
The living wage based on los angeles living costs, no $ for savings, no $ for paying any already exsisting debt, no $ for retirement, no $ for golf at the par 3, no $ for the boobie bar or for dating, no $ to put aside for emergency, basically no $ to have anything above a working poor person life.
single person per month
rent/mort $1500
home ins $150
gas avg $40
elec avg (don't play electric guitar!) $100
cable avg $120
water avg $50
cell avg (flip fone, bare bones) $75
mac and chees and pabst (food, use your coupons) $280
hygene $50
car payment (if your lucky) $150
auto insurance full coverage (if your like me) $40
helth ins avg (cheap, cheap like 30-70?) $300
GRAND TOTAL $2965!!! (working stiff w no OT) devide by 160 hrs = $18.531hr
(trying to rise above it) devide by 200 hrs = $14.825 hr
(spinin wheels, burnin out) devide by 240 hrs= $12.354 hr
(life is sukin, life is slavary) devide by 329.44 = $9.00 hr
soooooooooooooooo...the new work week to survive just above poor working stiff as opposed to me at working stiff will be for you to try to not die and be the new serf for 82.361 hours a week! woo whoo! with only 168 hours in a week you'll have just enough time to be a slave, eat your mac and cheese, slug down a pabst, brush your teeth, wake up, shower and do it all again and again and live the, now ,new American dream! yippie!! and somewhere in all your new perfect exsistence (the bush standard)you are to be ingeniuous enough some how to engage your entrepeneurial know how in an effort to crawl out of the hole you are in and aspire to be like your corporate master! meanwhile your corporate master whom ever that may be has the gawl to tell you they can't give you a raise because they can barely make payroll just as they are headed out the door for another europian vacation? hmmm, how many was that this year! And did you see the benz that cat just bought? oh yeah! you wanna be just like them! don't forget they got that way by treating you the way they do! lololol. man my kids are going to have it rough unless i can get this entramanure thing going!
Super Committee .is an exercise in futility . A joke GOP has only one purpose # 1 Break Obama 2. More corp cuts 3. More deregulation 4. More deep cuts in education 5. Privatize SS / Medicare so Wall St can gamble it away while making huge fees . GOP fat cat policies ,cuts, loopholes have worked so well for American jobs / wages last 30 years !! NOT
www.whitehouse.gov www.congress.gov www.senate.gov Speak out right now or stop griping Thanks
People power is working bit by bit In Wis Gov Walker - Fla Kasich- Ohio Gov Kasich - OWS OUR Vote is more urgent than ever . now . Must get rid of GOP Bagger Congress who lie, stall block - filibuster 100's s of times on bills they once supported. GOP= more corp cuts- more deregulation - more of same GOP wealth favoring policies as Reagan Bush 1-2 Cheney & Goldman run Fed boys. GOP has a 30 yr love affair with big Corps / Goldman Sachs / Lobbyists / Wall St banks . Obama is only one who tried to reform Wall ST but GOP watered it down - same with Obamacare / Romnneycare GOP vowed to break Obama Make him fail . I refuse to cooperate with these devious corp loving suck ups Former FED Up GOP voter
Thom Hartmann, 10/28/2011
My response to you query,"Do you believe a new progressive era is just around the corner"?,is for whom?There are ways of moving forward,marking progress,while repressing others who are not vital to a particular concern.Were "we" not being progressive,"moving forward", with G.A.T.T.,N.A.F.T.A.,and Outsourcing? Look at us now! We must now ask ourselves,are we educated enough to see through the veneer - as to what has,and is happening to us.I don't think so.Or do we simply keep trusting our elected and appointed leaders to continue in - leading us on? I believe,this is so.
Many people have been failed in receiving a good education and in having been given good critical thinking skills.There are of course, those who will always do well and succeed.Enough to run,control and maintain the system.
A new and real progressive era might be indicated when the government leaves open the option to discuss meaningful issues and concerns with its citizens.Instead of leaving them with the only option of protesting.Treating them with respect - as an equal.
Thanking you for this opportunity to comment -
James M. de Laurier
Or toilet paper with mug shots of your most hated irresponsibly and selfishly rich person. Like they used to have playing cards with the most wanted terrorists. I walked into a company restroom many years ago, at the beginning of the baby Bush regime, and saw a photo on a sticker inside a urinal that said "Go ahead...he's p!$$!ing on you!" How about a roll of toilet paper with the K0cH Bros printed on each sheet. But it would probably give you cancer of the rectum...and be quite expensive toilet paper.
But the magazine idea is very good. That way we don't have to be constantly saying "them" or "they"...who is them or they? But then these money maggots would probably enjoy the publicity...but it would be nice to know where these people live so that the demonstrations could migrate, one day, to make a more personal statement of our distaste of their thieving ways. Who knows, there may even be a web site that keeps tabs on these psychopathic money mongers.
But then, we can't say that "they" are all bad...some actually want to pay their fair share of taxes and give away a lot of their money to charitable causes. At least that's what they want us to think. Some may be getting a little nervous of mob guillotine mentality. Some may actually be starting to feel a bit guilty about stealing from the people. But then there are those who only do the charitable ruse for tax loopholes...like buying a painting, for example, for $10,000 then donating it to charity then claiming the value of that painting was $100,000 and getting a tax write off on $100,000. Rich people can play that game but many of us have a hard time even donating things to many "charities" now a days unless the items are flawless.
Forbes magazine shows off these rich people...often in a very good light. But what we need is a place where you can get the straight facts and not glitzy PR crap. One problem is that these people can all certainly afford to be magnanimous and non-selfish, and some are to some extend.
I think a big problem is that many of those who are on the way up...or who believe they are on the way up...some day..are often not only our worst enemies, but even, their own worst enemy. Now this line of salivating Pavlovian money hopefuls can stretch way back into the ranks of stupid-never-going-to-make-it no matter how hard they try but are willing to sell out their neighbors for the tidbits they manage to weasel out of others...and they have all drank the casino capitalist cool aid. They'd do us all a favor and drink the Rev. Jim Jones brand of cool aid and just slither back into their holes under the rocks. These foppishly arrogant snarling twits are just silly clowns that make asses of themselves.
I think they should go outside and take a look at the world. They seem to have no idea what's going on.
I think if they get these cuts, most of them will be out o office (I'm an optimist).
It would be wonderful if a new age was upon us. Will our goverment change things? Since the rich control Congress, things will not change peacefully. When heads start to roll, refreshed with the blood of patroits, then it will happen.
The long and short of it is, it is more expensive to be poor than rich.
If one can "Drink Responsibly" why not be "Responsibly Rich" by stamping out predators, funding progress, and taking a cut in pay like all the regular people have had to do. That is, unless one believes that "being rich" is a God given entitlement like the Right of Way of Kings.
I suggest we divide the ruling class into The Disgustingly Rich and The Responsibly Rich. It will be up to the individual then which Rich group they will be publicly identified with. There should be a magazine publication dedicated to each, one of which would be recycled as hamster cage liners in participating pet stores.
Then again...this might put things into perspective...(maybe not). Looks like, with the exception of AIG and the Auto Industry most of the bailout has been repaid...but what does "repaid" really mean? If money can be created out of thin air and on keyboards...I wonder! More people than ever are without a job and losing their homes...so just how important are these numbers? I don't know but the real sign of recovery is when people are working again and the damn Republicans are no longer trying to screw people out of their social security and other benefits.
As of Oct 2011 the Federal Bailout status is as follows:
bailout money repaid/(owed)
in billion of dollars
Citigroup: 411.6 / ( 3.3)
AIG: 72.8 / (181.8)
BofA: 210.4 / ( 19.7)
JPMChase 67.9 / ( 32.8)
GSachs 40.5 / ( 12.9)
WFargo 38.6 / ( 5.1)
MStanley 10.8 / ( 25.5)
Auto Indust 22.0 / ( 72.6)
Total 873.6 / (353.7)
Citygroup, the biggest bailout, was the best performer in paying back. Wells Fargo was also not too bad. BofA, the third best. AIG the worst and the Auto Industry the 2nd worst.
This info is from Nomi Prins and Drisztina Ugrin's Bailout Tally Report of Oct. 1, 2011 (lots of graphs and charts here)
http://nomiprins.squarespace.com/storage/bailouttallyoct2011.pdf
"Nascent" = "being born" (related to "née" and "native"), but "emerging" is not listed as an appropriate use. It's almost too literal. :)
I read another article that said that if you think that you are hurting the banks by closing your accounts then you may be fooling yourselves....that is unless, of course, you have a lot of money in the banks. The banks are sitting on top of so much cash, not lending it out, that they consider any smaller bank accounts to be very irksome and this is one of the reasons some banks are wanting to charge extra on using the debit cards. It is my understanding that this use fee is only on those accounts that have less than $5000 anyway. They may be sitting on top of a lot of cash but it sure wouldn't be enough to cover any kind of crash..bank closure. And they are still going to be expecting a bail out again anyway. Sure doesn't make much sense but then they don't want it to make sense.
On the other hand, Nomi Prins wrote an article in Truthout that gave 10 reasons why people should pull their money out of Bank of America...while they still can. But don't be surprised that they will consider that an act of terrorism, or something, and have you arrested...it has already happened...read Nomi Prins' article.