When my oldest son, a Marine, left for war and crossed the border from Kuwait into Iraq in March 2003 I started writing my conscience. After two tours that young combat veteran’s mother is now an ardent peace activist and advocate for social, environmental and economic justice.
MGx has matured since those early vents and ramblings and now covers relevant and important local and regional matters in addition to national and global affairs.
This is why we have to put the power back into the hands of the people – literally, figuratively and metaphorically. Smart/micro-grids, locally owned is a beginning.
I see patterns. HUD deregulated in the 90’s. Followed by corrupt businessmen stuffing their pockets & then a collapse of the housing/stock market. Deregulation of Glass Steagall followed by corrupt businessmen stuffing their pockets & then a collapse of the housing/stock market. Next? Deregulation of stimulus? Cap in trade carbon certificates? Do you know where I can get some extra pockets sewed into my britches? Oops I forgot, I have to be part of the good ole boy network to fill my pockets. Play with fire enough times and it will burn you. I’ll donate the gas, who has a match? As long as Joe can be kept fat dumb and happy the game will continue.
Theft is right! Abolishing Glass Steagall has been just as ruinous to our economy and the little guy as deregulating the power industry… as our rates go up so goes the profits of investor owned utilities and they still can’t keep the lights on in a storm
In all fairness Rick Santellie is a bond trader, absolutely nothing to do with the CDO’s & CDS’s that are at the root of the absolute decimation of our financial system. The bond market signaled this crash long before it happened and currently they have priced in 80% of the corporations to go BK. As for the rest of the clip, spot on. How about Mr. Henry Paulson who received 500 million in stock sales tax free for taking the treasury position and he was the one who lobbied for deregulation in 2003 abolishing The Glass Steagall Act. Paulson was selling his clients CDO’s & having his traders short the very product he was selling his client. Capitalism, beautiful isn’t it? I call theft…
This is why we have to put the power back into the hands of the people – literally, figuratively and metaphorically. Smart/micro-grids, locally owned is a beginning.
I see patterns. HUD deregulated in the 90’s. Followed by corrupt businessmen stuffing their pockets & then a collapse of the housing/stock market. Deregulation of Glass Steagall followed by corrupt businessmen stuffing their pockets & then a collapse of the housing/stock market. Next? Deregulation of stimulus? Cap in trade carbon certificates? Do you know where I can get some extra pockets sewed into my britches? Oops I forgot, I have to be part of the good ole boy network to fill my pockets. Play with fire enough times and it will burn you. I’ll donate the gas, who has a match? As long as Joe can be kept fat dumb and happy the game will continue.
Theft is right! Abolishing Glass Steagall has been just as ruinous to our economy and the little guy as deregulating the power industry… as our rates go up so goes the profits of investor owned utilities and they still can’t keep the lights on in a storm
In all fairness Rick Santellie is a bond trader, absolutely nothing to do with the CDO’s & CDS’s that are at the root of the absolute decimation of our financial system. The bond market signaled this crash long before it happened and currently they have priced in 80% of the corporations to go BK. As for the rest of the clip, spot on. How about Mr. Henry Paulson who received 500 million in stock sales tax free for taking the treasury position and he was the one who lobbied for deregulation in 2003 abolishing The Glass Steagall Act. Paulson was selling his clients CDO’s & having his traders short the very product he was selling his client. Capitalism, beautiful isn’t it? I call theft…