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Related: About this forumPapantonio: The Big Bank Mafia Runs America
Today the only difference between the mafia and the banking industry is that members of the mafia have actually been sentenced to jail time for their crimes. Even with evidence of banks helping to illegally launder money, or buying drug smuggling planes, our Justice Department has refused to take action.
Mike Papantonio discusses this with attorney Peter Mougey.
Enthusiast
(50,983 posts)But only some crime, for some people.
JDPriestly
(57,936 posts)that Hillary is quite likely to increase the influence of the banks on Wall Street.
Watch out for the increased privatization of Social Security and pension funds. It's a no-win bet for seniors. You put you money in your 401(K) and you are led to think your money is growing. But it can be stolen at any moment and no one will help you (us). And you will have no recourse. The pension funds on Wall Street are building up. But when they have to be spent, withdrawn, used, what happens? Last ones in are left with the least.
We hear that Social Security will not be there for the post-baby-boomer generation. That's more true of the money in pension funds on Wall Street than it is of Social Security.
Don't fall for the anti-Social-Security, pro-Wall-Street lies.
Wall Street is about taking big fees and skimming the gains in the markets off the top so that the middle class and poor can't get to it. Don't fall for it. If the economy is not doing significantly better on Main Street, the Wall Street gains are meaningless.
DhhD
(4,695 posts)Wall Street deregulation, blamed for deepening the banking crisis, was aggressively pushed by advisers to Bill Clinton who have also been at the heart of current White House policy-making, according to newly disclosed documents from his presidential library. more at site.
silvershadow
(10,336 posts)on DU and in real life. The party keeps moving, not me. It has literally been shifted off its' foundation, I fear. Time will tell.
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