Saw Corker and Goolsbee talking on TV about the financial reg bill the
Dems are trying to ram through.
$50 billion fund, an invitation for fraud.
No break up of the "too big to fail" financial institutions.
First time one of those starts to fail where the economy is badly
affected, guess what?
Taxpayer bailout.
They'll use a lot of bpharic's taxes.
Besides that, the fed prints money for the big boys, and lends it to
them interest free whenever they ask for it.
A few big ones have the money printing presses.
Oligopoly of financial companies.
15 years ago the financial sector was 17% of GDP. Now 63%.
Biggest product? Crooked billionaires and economic woe for the U.S.A.
Corker said he wanted compensation clawback in the bill.
Said nothing in there to keep the crooks from pocketing billions of
dollars in compensation as they do their crook thing.
Pump up the company, pull out their billions over a 2-5 year period,
then let it be liquidated. Everybody gets screwed except the crooks.
Common Wall Street play.
NOTHING in the bill to address that.
Goolsbee acted like he never heard of clawback, and said, "We can talk
about that."
What? The Dems are ramming it through as fast as they can so the folks
don't get wise to how they're kissing Wall Street ass.
Looks like the Republicans should be doing this bill, or better yet, the
Tea Party.

Jim - You wonder why there's a Tea Party? You wonder?