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Wall Street Getting Away With Financial Murder - Ratigan & Angelides

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Bozita Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-01-11 11:53 AM
Original message
Wall Street Getting Away With Financial Murder - Ratigan & Angelides
 
Run time: 10:28
https://www.youtube.com/watch?v=78Of1YVElXk
 
Posted on YouTube: February 28, 2011
By YouTube Member: fal2grace
Views on YouTube: 324
 
Posted on DU: March 01, 2011
By DU Member: Bozita
Views on DU: 637
 
Time well spent!
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PA Democrat Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-01-11 11:58 AM
Response to Original message
1. That was a great segment and is instructive for dealing with
the right wing memes about public sector workers.
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ThomCat Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-01-11 12:56 PM
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2. Good segment. But, does anyone really hold out hope
that Obama's DoJ is ever going to prosecute the executives on Wall Street that Obama is simultaneously hitting up for re-election funds?

Even after the next election, does anyone ever think that his DoJ will ever go after anyone who has ever given him even so much as a dollar?

All of these crooks on Wall Street are immune from prosecution. :(

We all keep seeing that Obama really believes that we, the poorest people in this country, are supposed to pay for the crimes and catastrophic debts created by his wealthy friends and contributors. And he's okay with that.

His own budget is forcing us to pay for their actions, because Obama has bought into the republican framing of the issues, saying that the small part of the budget that contains state funding, community grants, assistance for the poor, and other programs that help people is what he can and should cut.

He isn't cutting the Trillions that go to Wall Street.

The defense department is expecting to receive the largest budget in their entire history this year. Of course, that's true every year. Their budget always increases every year.

He proposes cutting subsidies for Oil every year simply as a public statement to claim that the US should wean ourselves off of our oil dependency, but then he he always backed off and abandoned this statement as soon as anyone challenges it every year, so apparently he doesn't really mean it. It would be nice if he really meant it and was willing to defend it. That is several Billion Dollars per year just from one industry subsidy!

He only just recently caved in on lowering taxes for the wealthiest, but he is pushing a whole lot of budget proposals, and he will end up no-doubt agreeing to many others, that make poor and lower middle class people (us) pay for the economic mess. So the rich get the benefits of the economy, while we get the pain and sacrifice.

Why are we so complacent when only the people who can't afford any sacrifice are the ones who are forced to make those sacrifices, but those who have the most are legally insulated by our own leaders from ever being required from making any sacrifice at all? :grr:
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JDPriestly Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-01-11 04:09 PM
Response to Original message
3. I, personally, agree with Mr. Angelides that vengeance should not
Edited on Tue Mar-01-11 04:10 PM by JDPriestly
be the goal in punishing these or any other crimes. But, when I think about all the people who lost their homes, their life savings, their pensions, their jobs and their hopes. When I think of the young people who are trying to pay off student loans on reduced salaries and who are beginning to think that they will never be able to marry and have children, then I really wonder who am I to ask them to forgive and forget the crimes of these bankers.

And, more important, who is President Obama? Or Attorney General Holder?

How can the President or the Attorney General ask a young, professional couple in their thirties who cannot afford to have children because they can't get jobs that pay enough to cover their student loan debts and the costs of a baby to forget what these greedy bankers and Wall Street folks have done?

We have a generation of well educated, wonderful young people whose lives are on hold. They are enslaved to their student loans and therefore low-paying jobs.

Meanwhile, the traders on Wall Street take home their bonuses . . . .

I watched this twice because it was just so good.

Good work, Dylan Ratigan.
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slipslidingaway Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-01-11 05:56 PM
Response to Original message
4. knr nt
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