It's true. The new wise guys in the neighborhood are the big banks. The thugs roughing us up, shaking us down, and stealing our hard-earned dollars (think fees, charges and soaring interest rates) are Wall Street Bankers. You know the names: Citi; JP Morgan Chase; Bank of America; Wells Fargo; and of course, Goldman Sachs. These are the guys who destroyed our gold-standard economy through wildly speculative investment instruments paired with aggressive marketing in an grossly under-regulated environment. The same ones. These arrogant, masters of the universe bet heavily against their own instruments and ultimately profited from our loss. That, after begging for and receiving the largest bailout in history. Our thanks for the material support we provided? Frozen credit, a refusal to loan, and, obscene bonuses. Uh-huh.
So it turns out this financial calamity was foreseen, predicted by presidents Thomas Jefferson and Abraham Lincoln. Just watch this blistering video and see what you think. Thanks, Air America, for the vid.
Technorati Tags: Banks, Finance, Economics