I just happened to catch this on Cnbc who hosted 60 minutes last night strictly by accident. The Federal Government, "our elected representatives", who claim during their campaigns that they want to go to Washington to represent the people of their districts, their State, and country. They promise to be proactive, and to fight for their interest. Till they get there!. Most forget the faces they looked into, the hands they shook, the promises they made, the money they received in contributions. Few stand on the platforms they ran on...............Once there all their ambitions change, they join the gang, and become absorbed in all thats wrong in Washington politics. There's to much graft, and promises to go around from those who will offer them a great future, and who will ultimately control them.
Retaining their integrity, and honesty is not something the parties can't take away, nor the lobbyist. These attributes if real cannot be bought, or sold. They become willing participants to serve those who didn't get them elected. The people who are self serving, and care little about this country, the American people, or anything else other than money, power, assets, and the lifestyles it affords them.
The very agencies "our government created", for safeguards, and protection, many by FDR have been hacked away into agencies that represent the very ones that the system is to protect us against.
Just look at the Rating Agencies: Standard and Poors, Finch, and Moodys giving triple A ratings to junk bonds, for a "Price", they knew were garbage.
Whose always working in the shadows, and continues to operate regardless of how many times they've been fined over decades is Goldman Sachs. It would be like allowing Arthur Anderson to continue. If they cooked the books for Enron for a million a week, its obvious they were doing it for many others, and they were the biggest. We know now how they got to be the size they were.
I will post the links to the video's you've mentioned about the big short, and inside the collapse. Listen to what this one Congressman says during an interview regarding the 401k industry. He said he wanted to change what was wrong, but he got pushed back so hard with the fury from the lobbyist that made him unable to do anything for change.
The very people who serve us who are suppose to protect us especially from fraudsters, illegal activities, and our nation from what they know to be corruption, are suppose to introduce the bills to do so, and are expected to get them passed through the Senate, but never happens. If they did we wouldn't continue to see what we do time and again. Each episode has grown larger and larger, this time it brought the economy down to its knees. Instead of bringing forth indictments to all those involved, they get rewarded, and are able to keep their ill gotten gains, receive a hand shake, a pat on the back, and rewarded even moreso.
If it were the syndicate involved in similar activities the FBI would have been all over them.........But for these guys its all legal corruption.
Our politicians try to convince us that black is white, lies are truths, and they have so little power to enforce change because they need all of congress to support their efforts in doing so. When the American people acknowledge whats right and wrong, what is really legal, and illegal, the Congressman who fail to act should themselves be condemned and brought before a committee for termination. White collar crime is really nothing more than the willing commitment to participate in financial terrorism to fund whatever activities they are involved in to detriment of others.
When founders of corporations, Ceo's, and their insiders can use publicly traded corporations like their own personal, and private ATM's consistently, continually, like Bill Gates, and Ellison, and all the rest should tell us all that there is something terribly wrong with the entire system. The root cause of this corruption originates here, then spreads across our entire financial system even taking root in the Cayman Islands.
