Saturday, April 17, 2010

Why Am I Not Surprised?

Again our two Senators from Maine tow the party line to try and prohibit the bill containing some financial reforms and sign the letter to Harry Reid.  They are following Mitch McConnell's orders again.  They care not that the people of this country have been victimized by big banks and Wall Street.  Pension funds of public employees, retirement funds of seniors, and college endowments funds have been decimated by corruption and greed.  Bankruptcy has been visited on hundreds of thousands and families have been driven out of their homes due to foreclosure.  Yet, in spite of all of this, Olympia Snowe and Susan Collins cannot stand with the people.  We should deluge their offices with phone calls and letters and let them know that it is time to stand up for us and not the corporate interests.  After all they are a big part of the problem as they supported the Bush tax cuts and other policies that allowed all of this to happen
Bill Moyers and Michael Winship wrote an article called Crocodile Tears on Wall Street (http://www.huffingtonpost.com/bill-moyers/crocodile-tears-on-wall-s_b_541032.html).  In this article they tell of the testimony of bank CEO's in which these bankers say this was a big accident.  Of course they knew what was going on.  They were just too happy with their big salaries.  They had no care for the people who put their trust in the banks.
There needs to be criminal prosecution in these cases and we need strong regulations so this can never happen again.
I recommend this article to all and also hope many of you will get the book 13 Banks by Simon Johnson and James Kwak.  Most public libraries should have this very important book and if they don't you should ask them to buy it  We all need to be better informed so we can help change the direction of this country.

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