Bernie Sanders Blasts Wall Street, Government In Wake Of Fed Disclosures

[cal04]

http://www.huffingtonpost.com/2010/12/01/bernie-sanders-wall-street-federal-reserve_n_790825.html
Bernie Sanders Blasts Wall Street, Government In Wake Of Fed Disclosures (VIDEO)

Self-avowed socialist Sen. Bernie Sanders (I-Vt.) blasted the nation's major financial institutions and the government's failure to hold them accountable in a Wednesday-night appearance on CNN's "Parker Spitzer."

In the wake of Wednesday's mammoth release of documents pertaining to its $3.3-trillion aid program for big banks and other members of the financial community, Sanders said, outrage is growing among those not fortunate enough to head a Wall Street firm.

"The average American is sitting home. His or her standard or living is declining. Can't afford to send their kids to college. May have lost their home," he told cohost and ex-New York Gov. Eliot Spitzer. And I think what this revelation, this disclosure is about, is a group of enormously powerful people -- who today in many instances are making even more money than they did before they were bailed out by the taxpayers -- and I think the American people are saying hey, what does the government do for me?"

(snip)
"What you have right now are the large financial institutions who are doing very very well sitting on huge amounts of cash, and yet small businesses in Vermont and all over this country can't get affordable loans in order to create jobs," he said. "You've got credit card companies that were substantially helped by the bailout saying, 'Oh, thank you very much for bailing us out, now we're going to charge you 25 or 30 percent interest rates.'"

Video at link

[MichiganVote]

1. The more they are given the worse they get.

[nadinbrzezinski]

2. I know Bernie has but people need to crack

A history book or two, on the Gilded Age and it's end with TR, a true progressive.

[nadinbrzezinski]

3. I know Bernie has but people need to crack

A history book or two, on the Gilded Age and it's end with TR, a true progressive.

[WestSeattle2]

4. I'm sure most American's will be pleased to find out exactly how

generous the Fed has been with our national credit card:

http://www.ft.com/cms/s/0/4dd95e42-fd6d-11df-a049-00144feab49a.html#axzz16v7H0vUL

We not only bailed out our own collection of thieves and liars, we bailed out the EU's as well.

Nice.

[truedelphi]

5. Bernie Sanders, one of the few out there brave enough and smart enough

To realize that the only way you will provide actions compatible with the ideals of FDR is by going third party route.