Quotes with Wisdom
People say that the government owns the banks and financials, however, it appears that the banks and financials actually own the government. With their lobbying money, the result is: unemployment, foreclosure, and eviction notices for the working class, and TARP $billions and record bonuses for those who got us into this mess.
We’re a country that, for the last decade, acquiesced meekly and quietly as our Government transferred huge amounts of national wealth to a tiny elite; launched a devastating war based on purely false pretenses; tortured, spied on us and literally claimed the right to invalidate law and the Constitution; and turned itself over to the highest bidders.
Globally, the Bank of International Settlements (BIS) reports a total of $57.3 trillion in credit default swaps, more than 28 times larger than AIG’s CDS portfolio. Clearly, the money available to the U.S. government is too small for a crisis of these dimensions.
Martin D. Weiss, Ph.D
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