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Capitalist 'Pirates' on Wall Street created the illusion and continue to pillage by owning the Senate!
Yesterday the Senate Banking Committee, with Democratic Senators joining a unified Republican base, killed a provision to allow bankruptcy judges re-negotiate home mortgages to stave off foreclosures. Yesterday Senator Dick Durbin of Illinois made an interesting a little reported charge on the Ed Shultz Show (MSNBC) stated:
Here is the deal folks. Wall Street pirates have created an illusion that they are essential to capitalism, that they are capitalism and they must be served WITHOUT hair cuts, compromises or changes. This of course is unsustainable and irresponsible, as well as, how mobsters, gangsters, and pirates would react with total obstantance and arrogance. In short it is class a developing class war. Just look how the Somali pirates reacted when they were cornered, they still thought they had leverage. Of course they aren't that stupid as the pirates on the Strait of Hormuz so they want out of the TARP money so they can't be fired or take pay cuts. Fire them---fire them all.
We as a society need to take them out---period. We don't serve Wall Street, no differently than towns folk and farmers served the ranch barons in the old West. Wall Street needs to be taken down into small pieces, reorganized to serve society, most of us have some pension, 401k or other investment---we own it. Unveil the illusion, pull back the curtain and force government to bring this to an end.
"[Facing] 8 million mortgage foreclosures in America, that means 1 out of every 6 home mortgages will go into foreclosure, and that is not my estimate that is Moody's,..., sitting down and negotiating for months to find a reasonable way for people to keep their homes, to renegotiate the mortgage or have a bankruptcy judge make one last attempt----THE BANKS HAVE WALKED AWAY FROM THE TABLE, only CitiGroup is willing to work with us."Now you have that, then you have the failed Chrysler negotiations where Obama stated that a few [Wall Street] creditors [again] walked away from the table and refused to participate.
Ed Shultz quoting Durbin from another radio interview: "So after taking billions (if not trillions) of tax payer dollars, the banks are now so obstinate to refuse to negotiate and then qouted Durbin saying "THE BANKS OWN THE SENATE".
Shultz repeating the question: "Do you believe the BANKS OWN THE SENATE?"
Durbin: "It is an uphill battle right now, and I cannot get 60 votes in the Senate."
Shultz: "So the lobbying power is that strong?"
Durbin: "It is hard to believe that they bring us this crisis, the crisis that has brought us this recession [err DEPRESSION], when they receive billions of dollars of taxpayer money, for mistakes they have made, billions of dollars, that they refuse to sit down and work out a reasonable compromise....the next thing we are moving on is credit cards..."
Here is the deal folks. Wall Street pirates have created an illusion that they are essential to capitalism, that they are capitalism and they must be served WITHOUT hair cuts, compromises or changes. This of course is unsustainable and irresponsible, as well as, how mobsters, gangsters, and pirates would react with total obstantance and arrogance. In short it is class a developing class war. Just look how the Somali pirates reacted when they were cornered, they still thought they had leverage. Of course they aren't that stupid as the pirates on the Strait of Hormuz so they want out of the TARP money so they can't be fired or take pay cuts. Fire them---fire them all.
We as a society need to take them out---period. We don't serve Wall Street, no differently than towns folk and farmers served the ranch barons in the old West. Wall Street needs to be taken down into small pieces, reorganized to serve society, most of us have some pension, 401k or other investment---we own it. Unveil the illusion, pull back the curtain and force government to bring this to an end.
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Disgraceful. I thought Obama had really wanted this, and that it was important, but it's so blatant that Durbin can come out and says the Banks own the Senate, and... nothing happens. "Oh yeah. Just a Senator telling us our Senators are bought & paid for." Or am I missing something? While we're all worried about getting 60 votes, seems like there's only 45 or so that can even be halfway counted on.. and if they'd though the bill might pass, I'll bet half of them would've melted down too.
Pirates are more stand-up than these assholes.
May 1, 2009 1:15 PM | Reply | Permalink
I was part of a small group that had a Q & A with Axelrod recently, and more confident reading body language than merely the words Axelrod stated clearly that this struggle, and it is a class and power struggle, is never going to be easy nor quick.
The process is an orderly break up of the Oligarthy---they are still in power or can yield power and if that is holding 55 Senators in their pocket then the first process is understanding who they are.
I can start with 40 Republicans starting with Grassley, Gregg and Shelby. Got to figure McConnell, Lott, Thune (new guy in the pocket), and Ensign are tight. Alexander, Hatch, McCain, Eyl and Hutchenson are probably able liuetenants.
But it is the Democratic leadership that is where the pressure and exposure is greatest.
Let us start with Dodd---he is the chair. Then let us discuss Schumer who is NY's member on the committee, Kohl of of my former state of WI is so obvious, Delaware's Sen Tom Carper, along with Sens. Jon Tester (Mont.), Mary Landrieu (La.) and Ben Nelson (Neb.) Sen. Michael Bennett (D-Colo.), Sen. Tim Johnson (D-S.D.) and Max Baucus (D-Mont.)
Now let us add up the $$$ trail. where banking and real estate industry has provided about $2M into Landrieu's campaign coffers over her 12-years (according to data from the Center for Responsive Politics). The financial sector is also Nelson's biggest backer where he's taken $1.4M from banks and real estate plus another $1.2 million from insurance firms. Crew cut image maker Tester has fielded $1/2M in his two years in office. Sen Lincoln has received $1.3M from banking and real estate interests. Carper has is in for $1.5M. Baucus, the chair of the finance committee, has $3.5M over his career.
For me this sealed the deal on Bennet here in CO who was appointed and continually is not responding to those he is coveting the vote. Being a Dem Party local leader, my voice is now strident.
May 3, 2009 12:31 PM | Reply | Permalink