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Congresswoman Kaptur: There Has Been a Financial Coup D'Etat
In Michael Moore's new film Capitalism: A Love Story, Congresswoman Kaptur says there has been a financial coup d'etat, and that Wall Street - rather than Congress - is in charge.
In a must-watch interview with Bill Moyers broadcast Friday night, Kaptur also said:
- The
Federal Housing Agency used to insure 1 in 50 mortgages. But FHA now
insures 1 in 4 mortgages, as the debt for bad mortgages has been dumped
on the American people
- "Banks have the power to create money". This again confirms and verifies that banks create money out of thin air, not based on the amount of reserve deposits on hand. See this and this
- While
- on paper - there are reserve requirements, banks have gone from 10 to
1 leverage (where they could lend out 10 times their reserves) to - in
the case of JP Morgan - 100 to 1 leverage. But with derivatives,
leverage might be much higher
- Instead of holding
hearings on the core problems with the financial system, Congress is
holding hearings solely on arcane, peripheral issues
- advertisements -
So you are saying that her speaking the truth means constituents would stop voting for her - ie Americans love to be told lies? Or she won't receive any more corrupt contributions from interest groups and support from her party? In the latter, maybe she and others would consider a third party funded entirely by online contributions? I am certain many in this forum would contribute money and ideas for the campaign platform.
that was my thought, 3rd party or something more radical?
If there is any justice in our country, she will win in a landslide because she saw through the bank heist, named it, and is speaking out about it---GOD BLESS THIS GREAT US CITIZEN, AND PATRIOT CONGRESSWOMAN KAPTUR!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
It's about time that someone loses the ability to do something for 'her constituents' by fucking the rest of us.
Good. At least she told the truth. She can run in my district and I'll campaign and vote for her.
Kenndedy is finally dead, and now if we can get rid of Byrd, I hear he's thankfully nearing the end of his life,
and then there's Dodd, Frank, McConnell, Hatch and all the other Senior thieves that need to face mortificatino, followed by extinction, by any means necessary.
Don't forget Soros.
"then there's Dodd, Frank, McConnell, Hatch and all the other Senior thieves"
now there's bipartisanship I can believe in !
the most foul senator your failed to mention is
arlen specter inventor of the laughable and
ludicrous magic bullet theory which makes him an
accessory after the crime...
i would love to see him hung from tall tall tree.
There is soooo much more there. A whole chapter in my book revolves around Arlen, some of his note so well known associates and the structures they have been able to put in place.. Personally I would rather see Arlen work on a Hanford reservation waste storage clean up work crew. Hanging is too good for him.
I think those guys get paid pretty well. I'm not afraid of the clean up, it's the original site that was to be feared.
Maybe she's had enough.