PLUNDER: THE CRIME OF OUR TIME
by War News Online ~ July 27th, 2010. Filed under: Uncategorized.Danny Schechter on the financial crisis and Wall Street as a crime narrative
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Danny Schechter on the financial crisis and Wall Street as a crime narrative
July 26th, 2010 at 3:16 pm
Goldman(suck our) Sacs is untouchable, and they know it. Other wise they wouldn’t have even tried to pull it off.
July 26th, 2010 at 3:20 pm
@BewareofFlatteries You need to never tell me one more thing for the rest of your life.
FUCK YOU!
Cheers!
July 26th, 2010 at 5:09 pm
Until we open our minds to the historical record of why this has happened here in the US 12 times since the 1st one in 1797, & the mostly European, American, & Asian uber-rich financial arch-criminal controlling banking & corporate investor families waging global economic war on taxpaying workers & small business, this will only get worse. Their primary weapon is public & private debt.
July 26th, 2010 at 5:16 pm
@dangerouslytalented Our only chance is COMPLETE non-violent civil disobedience to the system now. It is too corrupt to respond to us. Our “leaders” all have a slice of the pie.
July 26th, 2010 at 5:28 pm
What we need to do is revolt against centralized systems of power. let’s start thinking like the spanish did in the 30’s to revolt against fascism. what they did is one of those dirty words in america. in my supposedly free and democratic college education i took a political philosophy course and the word was never mentioned. this word is anarchism. it’s we the people folks! we matter more than any centralized institution of power!
July 26th, 2010 at 7:06 pm
@hackit12 Loans to bad credit, poor people was pushed by our govt in many ways, and was supported by Clinton, Bush, Frank and Dodd. Right now, the FHA has doubled the amount of no down loans compared to 2007. Why? Because the banks are not doing them so the Fed govt through FHA has doubled theirs. ( also VA) In the FIN REG Obama bill, the laws lowering charges and fees will restrict loans to shitty people, forcing them to paycheck loans and pawn shops, where they can pay 10 times the rates. good
July 26th, 2010 at 7:10 pm
@Pomeray8 Against centralized systems of power? Great! Me too! Lets reduce the Federal Govts size and activities, and just let the people enter into voluntary transactions with each other, without the Govt being involved. We could call this “Liberty”, or a catchy phrase such as “free market”.
July 26th, 2010 at 7:57 pm
luvcheney1 -’poor people was pushed’-
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Always so full of shit … con-flater-in-chief… Cheap ???
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luvcheney1 -’was supported by Clinton’-
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During the Clinton Admin., in 2000, because of a -’re-assessment of the housing market’- by HUD, “anti-predatory lending rules were put into place” that -’“disallowed risky, high-cost loans”’- from being credited toward affordable housing goals.
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July 26th, 2010 at 7:58 pm
luvcheney1 -’Right now, the FHA has doubled the amount of no down loans compared to 2007′-
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credit score 580-or higher 3% min. down-payment
credit score 500- 580- 10% min. down-payment
July 26th, 2010 at 8:44 pm
Don’t you love hearing Conservatives still trying to push the idiotic line of this being “the poor homeowners” fault for making loans they couldn’t afford even after the FBI says there was an “epidemic” of fraud by the banks and mortgage lenders? Of course the first thing they’ll do is put words in my mouth and claim I said none of this was their doing.
July 26th, 2010 at 9:23 pm
one of the major problem is that the law encourages white collar crime with its slack punishments a person can get 25 years in mid to high security prison for selling weed, yet someone who ruins thousands of peoples live with corporate scams will serve maybe 5-10 in a posh white collar jail ,tell me where is the justice in that???
July 26th, 2010 at 9:25 pm
@dangerouslytalented It would be nice to think that was possible. Unfortunately the corruption is endemic. When there is nothing else there is still hope right?
So I just hope that the American people see that the real problem is themselves.
The old saying that your freedoms are not given but taken is still true. What is also true is that once you have them you must hold them tighter than anything else. For like a fist full of sand, once your grip is loosened your will lose some if not all.
July 26th, 2010 at 9:56 pm
@hackit12 Let me get this straight………. You are here taking the point of view that Republicans were the ones who wanted loans made to minorities, and the Democrats were trying to make sure minorities couldnt get loans? Lets define “predatory lending”. This is a high interest rate loan, a loan to an unsophisticated, non credit worthy, low income, minority, or deadbeat. Fannie Mae reported Blacks with $65K-75K incomes had default rates same as whites with $25K incomes.
July 26th, 2010 at 10:46 pm
If the Fed didn’t control interest rates, no matter how greedy these people were, this simply could not have happened.
I love how this is omitted from nearly all topics, instead reasoning if we didn’t have the Fed we’d be in worse shape then now. Except forgetting again it was the Fed that enabled this to happen in the first place!
July 26th, 2010 at 10:48 pm
@farfetchedcat I agree, the drug laws are ludicrously strict, and the fraud laws are unconscionably loose.
July 26th, 2010 at 11:51 pm
@rwattonville The problem here is that the teabaggers have already hijacked a lot of the ill sentiment. It has been coopted in the interests of big oil, big pharma, big banks, whatever money interests are giving money to freedomworks and FOX this week.
July 26th, 2010 at 11:53 pm
@WhereIsTheExit The problem is, that the same moneyed interests are taking control of the rebellion, and that is what the teabaggers are all about.
Like squealer in Animal farm. It is all becoming “four legs good, two legs better”…
July 27th, 2010 at 1:12 am
@dangerouslytalented The Teabaggers aim way too low at the symptoms of the problem, not the cause. The malevolent public -private partnerships (PPP) of Big Business & Big Government in control have uber-rich global banking & corporate investor families behind the curtain. We need to pull back the curtain to motivate our people into action, instead of just complaining.
July 27th, 2010 at 1:16 am
@rwattonville Organisations like Koch Industries and FOX and Freedomworks and the Heritage Foundation and all the other shills and professional science deniers have to be exposed for what they are: They are the mouthpieces of the ultrawealthy.
I mean, they are not even talking on behalf of your average millionaire, one who owns a small business or whatever. If you are not a billionaire, you have no say at all.
July 27th, 2010 at 3:25 am
Billionaires don’t count. Trillionaires, maybe. No, it is the multi-generational quadrillionaire families; most of them for centuries; some, like the Safras, today led by Joseph Safra, for more than 2,000 years. Koch; Rockefeller; Vanderbilt; Astor; Mellon; Cargill; Crown; are just some of the American ones. Most are in Europe, including many of the Royal families; Keswicks; Wallenbergs: Ruperts; David-Well; Frere; Rothchilds; ad nauseum. The royal families of Thailand; Japan; Malaysia; Brunei
July 27th, 2010 at 5:29 am
luvcheney1 -’Let me get this straight…’-
- con-flater-in-chief… Cheap ???
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75% of loans were fraudulent from the Banks and OTHER lenders ! – Google FBI+Subprime+fraud
Conned people telling them they could own a home at the same rate they were? paying in rent/lease.
… ALL DOCUMENTED ABOVE ^^
July 27th, 2010 at 9:34 am
@dangerouslytalented
United States of Corporatism.
July 27th, 2010 at 11:44 am
“Men naturally rebel against the injustice of which they are victims. Thus, when plunder is organized by law for the profit of those who make the law, all the plundered classes try somehow to enter by peaceful or revolutionary means into the making of laws. According to their degree of enlightenment, these plundered classes may propose one of two entirely different purposes when they attempt to attain political power: Either they may wish to stop lawful plunder, or they may wish to share in it.”
July 27th, 2010 at 11:48 am
Frédéric Bastiat
The Law
Remove brackets and spaces:
tinyurl(.)com/TheLawByFredericBastiat
tinyurl(.)com/TheLawFredericBastiatAudio
July 27th, 2010 at 2:31 pm
“Maybe there shouldn’t be faith.” Well said, Paul. Faith forgets reason.