Wall Street Firms Threatens Democratic Party After Call To Break Them Up - FDL

[WillyT]

Wall Street Firms Threatens Democratic Party After Call To Break Them Up
By: DSWright - FDL
Friday March 27, 2015 11:00 am

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The Too Big To Fail banks are none too pleased with Senator Elizabeth Warren’s call to break them up so they no longer pose a systemic risk to the financial system and economy. According to a report Reuters, the banksters are now telling officials in the Democratic Party that they will withhold campaign contributions if the party does not distance itself from progressive positions on financial reform.

The message was intended to isolate Senators Warren (D-Mass), Brown (D-OH), and any others in the Democratic Party who stand against Wall Street being above the law, beyond regulation, and always guaranteed a bailout.

Representatives from Citigroup, JPMorgan, Goldman Sachs and Bank of America, have met to discuss ways to urge Democrats, including Warren and Ohio Senator Sherrod Brown, to soften their party’s tone toward Wall Street, sources familiar with the discussions said this week.

Bank officials said the idea of withholding donations was not discussed at a meeting of the four banks in Washington but it has been raised in one-on-one conversations between representatives of some of them. However, there was no agreement on coordinating any action, and each bank is making its own decision, they said.

The banksters did however say that they had no problem with Hillary Clinton and were planning on donating to her campaign - shocking.

JPMorgan in particular seemed to be throwing its weight around...

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Link: http://firedoglake.com/2015/03/27/wall-street-firms-threatens-democratic-party-after-call-to-break-them-up/

[Eleanors38]

1. We ARE in a corporate state; the banks are acting accordingly.

[DeSwiss]

2. This is Capitalism at its finest.

Capitalism warps and corrupts everything in the end. It can't help it because that is how it is designed to function. Through the accumulation of profit. And profit accumulation equals wealth. And wealth equals power.

Morals are not a requirement of the system in order for it to function. Morals tend to inhibit a capitalist's functioning and places those who adhere to so-called ''moral/social behavior'' at a competitive disadvantage. It is better to let the state, (where required) bear those costs.

Until people acknowledge this, you'll not be able to move forward. It has to become a part of the discussion instead of talking around it as we've been doing. Like any predator or disease, or a cancer - you must first identify what is attacking you - in order to know how to most effectively fight it.

- Capitalism's underlying tenet is that freedom refers to the freedom to make profits uninhibited by the state. Period.

K&R

[center]CAPITALISM WARPS EVERYTHING

According to a study published by the National Institute of Diabetes and Digestive and Kidney Diseases, Americans waste about 40% of all food produced in the United States. It is also estimated that 70% of all fresh water consumption in the US is attributed to the agricultural production; which means that food waste alone accounts for one quarter of ALL the water consumed within the US. Furthermore, given that the average farm requires 3 kcal of fossil fuel energy to produce 1 kcal of food (before accounting for energy requirements of food processing and transportation) wasted food accounts for roughly 300 million barrels of oil per year.

“The Progressive Increase of Food Waste in America and Its Environmental Impact, ”National Institute of Diabetes and Digestive and Kidney Diseases, 4, Iss. 11, (2009) - link

[daleanime]

4. +1

[daleanime]

3. K&R....