Who REALLY Caters to the 1%?
On April 11, just ONE DAY after submitting a budget proposal to Congress that would RAISE income taxes on the middle class while CUTTING Social Security benefits on the elderly, veterans and disabled, Obama met with Jamie Dimon, Chairman and CEO of JPMorgan Chase (whose firm is under an FBI investigation for losing $6.2 billion of depositors’ money in a derivatives trading scheme) and Brian Moynihan, CEO of Bank of America.
AT THE SAME TIME this pow-wow was unfolding, the U.S. Senate’s Subcommittee on Financial Institutions and Consumer Protection,was meeting to grill teh regulators about their LACK of regulation of this cabal’s fraudulent activities – which included illegally foreclosing on service members homes.
SOOOO…while Warren is asking these firms about how they corrupted the process of a regulatory mandate to review their foreclosure files for evidence of fraud and abuse, the leader of her party is cozying up the the very CEOs responsible for the fraud.
I would provide the Wall Street Journal’s link on the front page of its web site to its story on the President’s meet-up with the
banksters in question, except when you try to access the link it now says: “PAGE UNAVAILABLE — The document you requested either no longer exists or is not currently available.”
Hmmm…interestingly enough all the other links work.
Why are “conservatives,” under the guise of being “pro-business” allowing Obama and the banksters to turn us into a facist state? He is systematically bankrupting our country not for his stated consituency – the poor – but for his billionaire friends.
Republicans need to recapture their populist roots and stop this destruction freedom and of the Rule of Law. The future of the party – and indeed our country – depend on it.
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