This page has been archived and commenting is disabled.
The Patriarchs Of The Collapse Discuss Wall Street's Record Bonuses
If you have always wanted to hear John Thain and Rodgin Cohen, the people who benefited for ages from the bubble and were among the complicit architects of the collapse, discuss bonuses, here is your chance. "The numbers when they do come out will be subject to criticism and public outrage." Oh yes. Cohen claims looking for the individuals responsible for the crisis is a non-starter. This is ironic as Cohen himself has been implicated by many as a primary culprit in perpetuating a status quo which would ultimately result in the Wall Street collapse.
»
- 2847 reads
- Printer-friendly version
- Send to friend
- advertisements -
If we add up all the skim from the economy by such process as bond interest, mortgage usary, derivatives, life insurance policies on unsuspecting employees, and every other little nook and cranny by which Wall Street and 'Financial Firms' skim a bit of the cream off the top, I do believe we would verify that somewhat over 50% of GDP goes right into the pocket of less than 1% of the population.
-MobBarley
This succinctly captures what debt-money does to a society. It creates debt slaves. We must repeal the Federal Reserve Act.
just threw up in my mouth
As soon as the masses realize that one doesn't need money to barter then it's all over for these fucks of finance.
The only reason we have currency is to assess taxes and make the banks and government bigger.
Barter your way to a better future.
Sure, I'll tell the bank that holds the loan to my house that I'll send them some macadamia nuts as payment. And I'll tell the city that I'll pay for water for my house with some radishes I am growing in my garden.
Then when I go to the grocery store I'll pay for food with private lessons at the junior volleyball club that I own and operate. At the volleyball club, I'll pay all the coaches with some Baklava that I'll get from my Greek friend who makes it for me. I just haven't figured out yet what to give her for the Baklava.
Stuff like this is why I've pretty much stopped reading the discussion sections on Zero Hedge. It's too bad, because they used to be very, very informative and educational.
Money indeed IS slavery.
Debt slavery.
I like the idea or bartering... however the only only true universal barter "asset" is precious metals.
Interesting concept.
Debt-money creates debt slaves. Money does not have to be debt-based.
Bloomberg is scared
The mayor has been using Steve Ratner to launder his payoffs, and the heat is getting turned up.
...that's why Bloomberg has his PR operation pushing the coverup.
BTW, Thain and Cohen look very scared, like maybe something they sense something bad is about to happen.
They say Thain is smart: when he stares cross-eyed you wonder.
can't.watch.it.
Like Marie Antoinette to the poor and starving
Qu'ils mangent de la brioche
say Thain and Cohen to the victims of their fraud
More hearings?.More morphine for the populace. Very soon there will be nothing left,and all those hearings will be obsolete. ...
Barf.
It's control fraud. Other people's money was looted by those who were suppose to manage it. This ain't rocket science.
Follow the (tax payer) money....oh, yeah, right...we wouldn't want to start a panic by identifying the looters.
fucks of finance is exactly right.