Posts Tagged ‘government’
Posted in auto bailout, corruption, Economics, the Rigged Game, Uncategorized, tagged Barack Obama, billionaires, George W Bush, government, mafia on Jam5000000amThu, 23 May 2013 07:02:24 +000013 10, 2010 | Leave a Comment »
Posted in corruption, Economics, Economics, recession, income redistribution, the Rigged Game, Uncategorized, tagged corporations, government, reason, rule, smaller on Jam4000000amSun, 28 Apr 2013 07:33:30 +000013 10, 2010 | 2 Comments »
Posted in Economics, the Rigged Game, Uncategorized, tagged 1 percent, 99 percent, government, handouts, Ron Wyden, subsidies, Wall Street on Jam4000000amThu, 25 Apr 2013 11:53:17 +000013 10, 2010 | Leave a Comment »
Posted in Economics, Economics, recession, income redistribution, Uncategorized, tagged corruption, George Washington, government on Jpm3000000pmWed, 20 Mar 2013 12:31:45 +000013 10, 2010 | Leave a Comment »
The 1 percent own the US government. They’re using legislation to redistribute income from the 99 to the 1 percent. Think we’re being abused by the government? You bet we are. Was Washington right?
Why Has the US Government given trillions of dollars to Wall Street welfare queens like JP Morgan’s Jamie Dimond? Shouldn’t the market decide winners and losers rather than corrupt
Posted in Uncategorized, Economics, Politics, corruption, income redistribution, tagged Ron Wyden, income redistribution, Wall Street, government, JP morgan, welfare, Orrin Hatch, Jamie Dimond, bail out on Jam3000000amSat, 16 Mar 2013 08:09:26 +000013 10, 2010 | Leave a Comment »
Posted in Economics, recession, income redistribution, Recessions, the Rigged Game, Uncategorized, tagged Bank of America, citigroup, corruption, Goldman Sachs, government, Jamie Dimond, JP morgan, supreme court, United States, wells fargo on Jpm3000000pmFri, 15 Mar 2013 14:10:29 +000013 10, 2010 | Leave a Comment »
From 2009 to 2012, the US government handed out $1.1 trillion in welfare to Citigroup, Bank of America, JP Morgan Chase, Wells Fargo and Goldman Sachs. These corporations earned $180.3 billion during the same years. They also handed out $477.6 billion in pay and bonuses. In other words, the US government directly redistributed almost $300 billion in taxpayer money so that these five horribly managed companies could increase pay and bonuses to the people who managed to wreck them. How’s that make you feel?
Buy enough politicians, be totally incompetent in managing a company, and the public servants that are owned by incompetent CEO’s like Jamie Dimond of JP Morgan will make certain that you’ll get a nice reward for your troubles.
The US government is almost completely corrupt. The same is true of the Supreme Court. It’s credibility has been destroyed by the billionaire Koch Brothers. Big money has destroyed all three branches of our democracy so that they’re only purpose is to redistribute income from the 99 to the 1 percent while engaging in political theater. (more…)
Posted in Uncategorized, tagged Doug Braunstein, government, income redistribution, Jamie Dimon, JP morgan, London whale, welfare on Jpm3000000pmFri, 15 Mar 2013 13:52:47 +000013 10, 2010 | Leave a Comment »
Government welfare recipient JP Morgan was accused by a Senate committee on Friday of believing it was “too big to fail.” Government welfare recipient and JP Morgan Chief executive Jamie Dimon came under fire for withholding information from regulators as the bank’s “London Whale” losses mounted. The losses were over $6 trillion, among the largest in Wall Street history.
From 2009 through 2012, JP Morgan earned $64.2 billion in profits while doling out $107.5 billion in pay and bonuses to executives. How did they do that? The government gave them $129.6 billion in welfare. In other words, Dimond had his hacks in political office hand over the extra taxpayer money (including some of mine) so that a company supposedly in financial trouble could give the people who train wrecked the business more pay and bonuses. What a scam! These welfare cheats at JP Morgan should be in prison. This was an ultimate income redistribution scam.
Posted in corruption, income redistribution, Recessions, the Rigged Game, Uncategorized, wealth redistribution, tagged bubble, defaults, government, grants, income redistribution, jobs, Jordan Walthem, Ronald Reagan, scam, student, student loans on Jpm3000000pmSat, 02 Mar 2013 14:23:46 +000013 10, 2010 | 1 Comment »
“Houston, we have a problem,” writes Jordan Walthem. “After years of more and more aid, more loans, and fewer jobs, the student loan bubble looks ready to pop. The Federal Reserve Bank of New York released a report that indicated that 35% of people under 30 who have student loans are at least 90 days late. Despite all the talk of an economic recovery, more people under 30 are now late on their payments than in 2008.”
Click below for the complete story.