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Bank of America Trolls The Middle Class, Or How Wall Street Destroyed Main Street

Tyler Durden's picture




 

While the punchline of this post is well-known by everyone, and even the Federal Reserve finally admits that its own actions have led to record inequality and a world in which the rich have never been richer and poor, never been poorer (over the objections of some certifiable lunatics), we find it amazing that even the banks - those ultimate beneficiaries of every action by the Fed in the past 7 years - are now openly trolling what little is left of the middle class.

Presenting: Bank of America's chart showing who the undisputed victor in that age-old war between Wall Street and Main Street, truly is.

"So what chu gonna do about it?"

- Bank of Countrywide Lynch (already bailed out once by Main Street)

 

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Fri, 06/26/2015 - 15:33 | 6238929 chunga
chunga's picture

your day is gonna come wall street

Fri, 06/26/2015 - 15:42 | 6238954 James_Cole
James_Cole's picture

Could add this on there:

http://wolfstreet.com/wp-content/uploads/2015/01/US-homeownership-v-home...

https://confoundedinterest.files.wordpress.com/2015/04/homeowneret.png

I know many Americans have questions tonight: How did we reach this point in our economy? How will the solution I propose work? And what does this mean for your financial future?

These are good questions, and they deserve clear answers.

- bush sept 2008

Good questions!

Fri, 06/26/2015 - 15:59 | 6239001 ZeroIntelligence
ZeroIntelligence's picture

Clearly the definition of 'middle class' is too narrow

Fri, 06/26/2015 - 16:07 | 6239023 SickDollar
SickDollar's picture

middle class is dead baby , they r working just to pay bills now, nothing extra plus no more savings work until they die

 

Fri, 06/26/2015 - 17:26 | 6239306 Occident Mortal
Occident Mortal's picture

The middle class got out competed by a larger and cheaper middle class over in Asia.

It wasn't Wall St v's Main St.

It's was Main St v's Tiger St and Tiger St was the clear winner.

Sat, 06/27/2015 - 06:59 | 6240783 Its_the_economy...
Its_the_economy_stupid's picture

Nice try. The Middle Class got outcompeted by Washington DC

Fri, 06/26/2015 - 16:27 | 6239096 chunga
chunga's picture

The political class burned a lot of bridges in the last few weeks.

I don't think they plan on coming back.

Fri, 06/26/2015 - 17:01 | 6239179 kaiserhoff
kaiserhoff's picture

Exactly.

The press pretends the left is winning, but nothing stinks quite like desperation.

https://www.youtube.com/watch?v=kgeIINs1TrQ

 

 

Fri, 06/26/2015 - 15:35 | 6238935 khakuda
Fri, 06/26/2015 - 15:38 | 6238944 astoriajoe
astoriajoe's picture

Its funny to me how much things seem to change once someone puts a chart down on paper somewhere.

Fri, 06/26/2015 - 15:38 | 6238945 Rainman
Rainman's picture

Is it just a coincidence the middle class got faceplanted along with the Glass-Stealit Act ?

Fri, 06/26/2015 - 15:44 | 6238958 Dr. Engali
Dr. Engali's picture

The middle class got Face planted before that with NAFTA. The repeal of Glass-Steagall was just the icing on the cake. 

Fri, 06/26/2015 - 15:38 | 6238946 Mike Honcho
Mike Honcho's picture

I thought 1800's Confederate soldiers were the enemy.

Fri, 06/26/2015 - 15:41 | 6238953 Dr. Engali
Dr. Engali's picture

There was a brief window in time when labor had the upper hand, but with globalization, automation, and a never ending flow of immigration labor will never again be in the driver's seat.

Fri, 06/26/2015 - 15:57 | 6238989 insanelysane
insanelysane's picture

Right on Doc.  The 3rd world is just pumping out babies and then shipping them north from Central America to the US and from Africa to Europe.  Open borders ensures cheap labor.  You don't even need NAFTA anymore.

Fri, 06/26/2015 - 16:59 | 6239213 armageddon addahere
armageddon addahere's picture

Yes labor had the upper hand, and political power as well. Look what they did with it. They won! No more fat bellied Capitalists in top hats and spats, no more dark satanic mills, no more smoke stacks belching pollution into the air,  no more poor downtrodden workers trudging to their soul destroying jobs at 6 in the morning.

The workers are free to open like a flower and develop the best that is in them. Look at Detroit for a good example of the wonders done by organized labor and political might.

Fri, 06/26/2015 - 15:44 | 6238962 Osmium
Osmium's picture

This chart clearly shows how happy most of main street should be.  They no longer need to work giving them much more time to engage in activities that provide enjoyment.

Fri, 06/26/2015 - 15:48 | 6238971 BI2
BI2's picture

Sorry but it's not just Wall Street that destroyed Main Street >>>

https://biblicisminstitute.wordpress.com/2015/06/25/warmongering-vs-econ...

Fri, 06/26/2015 - 16:03 | 6239013 insanelysane
insanelysane's picture

War mongering may be the only thing that fixes the economy.  Main Street can only improve if a significant portion of Main Street is eliminated.  

See Dark Ages -> Plague -> Renaissance.

See WWI -> Roaring 20s.

See WWII -> Golden Age of Capitalism

Death + Destruction = Jobs

Fri, 06/26/2015 - 17:04 | 6239237 daveO
daveO's picture

No!

Warmongering is a profitable bizness for a handful. We didn't have 'world wars' before the FED was created, for Jaocb's sake.

http://www.youtube.com/watch?v=Dda-0Q_XUhk

Fri, 06/26/2015 - 16:00 | 6238993 Bobbo
Bobbo's picture

The same thing they did to Brazil, if memory serves me well, and America once before today. 

A. P. Giannini smiles in his grave, mumbling

"F*ck Anti-Tr*st -- I WIN !!"

(it might have sounded better but for a mouth full of death)

Fri, 06/26/2015 - 16:01 | 6239008 ebworthen
ebworthen's picture

"Bank of Countrywide Lynch..." LOL!  Thanks for the pertinent reminder. 

I wish 98% of Main Street got it, instead of 2%.

Hang the bankers already!  Hang 'em high!

Fri, 06/26/2015 - 16:40 | 6239141 q99x2
q99x2's picture

Putin, Xi and MS13 are going to save us.

Fri, 06/26/2015 - 16:54 | 6239183 Feel it Reel it
Feel it Reel it's picture

Lawyers protect the Bankers...Bankers funds the Lawyers...The Politicians are Attorneys/Trial Lawyers....50-55% of The House and Senate are Lawyers....Lawyers protect Lawyers regardless of Party....The Lawyers who are the Politicians plunder the public to benefit themselves.....Where's John Corzine?....Oh, that's right he's a Lawyer....

Fri, 06/26/2015 - 17:05 | 6239239 eddiebe
eddiebe's picture

And the rest of America thinks ( if at all ): Well, wall street and main street are in NYC., why should I care? 

Fri, 06/26/2015 - 17:39 | 6239338 Baby Eating Dingo22
Baby Eating Dingo22's picture

Dude's got a future on Wall Street

 

Serial poop smearer on the loose in Ridgewood James Kleimann | NJ Advance Media for NJ.com By James Kleimann | NJ Advance Media for NJ.com
Email the author | Follow on Twitter
on June 26, 2015 at 2:01 PM
 Ridgewood police are searching for a fecal-smearing vandal. 

RIDGEWOOD — Village police are asking for the public's help in identifying a young man who has taken to smearing excrement on the walls of local businesses. 

In a statement released Friday, Ridgewood cops said an unidentified white male, about 5-foot-10 with short blonde hair, wearing shorts and a t-shirt, on June 20 went into the bathroom of a service station on Goffle Road.

The vandal "wiped excrement on the walls, floor and toilet" before leaving in a white van, police said. 

It's the fourth such incident to occur in the last week at a Ridgewood business.

Anyone who can identify the smear-master, believed to be between the ages of 19 and 25, is asked to call detectives at 201-251-4536.

James Kleimann may be reached at jkleimann@njadvancemedia.com. Follow him on Twitter @jameskleimann. Find NJ.com on Facebook.

Fri, 06/26/2015 - 19:45 | 6239756 whoisjg
whoisjg's picture

They have been importing 265,000 Indians with fake degrees a year on the H-1B visa. Are there new computer jobs? No, each one just sends an American to his grave. 

Why is the American government commiting Genocide against its best and brightest and some of its hardest working citizens? 

In India you can get your medical degree in 2 years (including undergrad well there is no undergrad) and cheat on every test. Then just study for the board and be a doctor in America. We bring them in by the thousands. No they can't diagnose disease when you are sick, but they'll put you on paxil or chemotherapy and make millions. 

Something is violently wrong when a nations government turns against its people. It's time for revolution, blood, or to get out. 

Will they uphold the bankers when only 20% of America is working? 10% 1% when does it end?

 

Fri, 06/26/2015 - 20:25 | 6239877 fowlerja
fowlerja's picture

Houston..I mean America...we have a problem...

Fri, 06/26/2015 - 20:28 | 6239885 fowlerja
fowlerja's picture

Houston.. I mean America... I think we have a problem...

Fri, 06/26/2015 - 22:00 | 6239965 Youri Carma
Youri Carma's picture

"So what chu gonna do about it?" I am going to do the impossible. Catch a ball while holding a baby and I am going to deflate all the balls, gna gna gna ... https://www.youtube.com/watch?v=ijfXxS-Spyg

What chu gonna do when they come for you? https://www.youtube.com/watch?v=TDq4G6z2icA

Fri, 06/26/2015 - 21:12 | 6240028 MedicalQuack
MedicalQuack's picture

More proof we are under the attack of the Killer Algorithms...the video collection here...Operation Perception Deception continues as folks don't want to see what's really going on, nor does Wall Street really want to show you either.

http://www.ducknet.net/attack-of-the-killer-algorithms/

 

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