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Thread: Peter Schiff - "Wall Street Writes US Law"

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    Peter Schiff - "Wall Street Writes US Law"

    Financial institutions on Wall Street are preparing to pay a shocking record $144 billion dollars in compensation & benefits according to the WSJ. This amid a spiraling foreclosures and economic crisis that has devastated Americans and left many out on the street. Why are banks not being held more accountable? Peter Schiff President of Euro Pacific Capital believes that because of government subsidies the banks will continue to benefit.

    "Tolerance and apathy are the last virtues of a dying society."

    ~Aristotle

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    Aka Devadatta
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    Quote Originally Posted by Roderic View Post
    Why are banks not being held more accountable?
    Yes, I wonder

    The populace should be investing in precious metals in order to safeguard their money, a token or receipt, as all bank notes are, is a piss poor substitute for real wealth and simply takes the power out of our hands and gives it to those that would dominate us.

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    Wall Street & K Street

    The problem is simple. Wall Street owns K Street (the Washinton Street where the majority of Lobbyists and Foreign Government Lobbies are located) and K Street owns the majority of Senators and Congress-people.

    Where did the Federal bail out money go? Wall Street. Who's benefitting? Wall Street...

    Obama is trying to eliminate the tax breaks that Corporations receive when they offshore American jobs. And for this, all he and his Administration is getting is grief. Guess from where? Wall Street and K Street.

    Meanwhile, Main Street is going down the tubes and who is benefitting from this? Wall Street and K Street and those Senators and Congress-people who have torpedoed or tried to torpedoed every attempt to jump start the Economy or help Main Street. Welcome to the New America. No wonder the income gap between the Rich and the Middle Class/Poor is the widest it has been in years...

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