Comments on: Volcker Unleashes Another Volley on the Wizards in Wall Street and Washington

By: David W. Young

David W. Young — Fri, 25 Sep 2009 15:05:16 +0000

We are in a depression, folks, no matter how much our elected officials lie about and fudge the numbers. Our financial, economic, and political system in America is broken, not going to heal itself any time soon, and when the major contributors to these elected officials remain in Wall Street offices after feeding at the trough of financial engineering for decades now, OUR POLITICAL SYSTEM IS NOT ONLY BROKEN, BUT CORRUPT TO THE CORE. Those that reaped mega-salaries and bonues during the Greenspan Put Years of ultra-cheap money to fund leveraged speculation are still creating new OTC Derivative products and paying themselves more than handsomely. MOST OF THEM SHOULD BE SERVING TIME IN DESIGNER ORANGE JUMPSUITS for breach of contract and fraud. When the bill for Trillions of Dollars comes due to ONLY THE AMERICAN TAXPAYER, there will be a revolt in this country. Times are going to get harder and harder in this Greenspan Depression and the public already knows who is principally to blame for the excesses that led to this collapse. Debt collapses take decades, not years, to correct, just ask the Japanese. The American Public is not a bunch of uneducated, docile sheep. The scroundels in Washington are going to get thrown out on their arrogant heads starting this Fall. DON’T TREAD ON ME.

By: Henry Ford

Henry Ford — Thu, 24 Sep 2009 17:44:15 +0000

I wrote a previous comment and I wanted to say one more thought: these highly paid “Wall Street types” do NOT make this big money be being smarter or better educated than the rest of us. I have a law degree from a top law school. I understand the real system as it works. The ‘insiders’ making the big money for the last 40 years are just nothing but un-regenerated crooks. They have ‘protection’ from the regulators and the US Government, (Bernie Madoff) and they take advantage of us with this protection to fleece the public. It is nothing that they do that the old ‘snake oil vendors’ did not do, only on a massively larger basis. The public has no ‘protectors’. Our elected officials are immediately in the employ of the wealthy crooks.

By: Henry Ford

Henry Ford — Thu, 24 Sep 2009 17:34:36 +0000

All these are symptoms of an aging economic system. The USA now has the ultimate in ‘croney capitalism’ and sooner rather than later will be hit with some kind of pupular revolution. The public, the middle class, are being shut out of the opportunities because only a few insiders are getting all the gold. The middle class is being reduced in size daily. Working people are becoming nothing more than Serfs feeding the tax appetite of big government. Leona Helmsly said: “Oh, we don’t pay taxes. Only the poor have to pay taxes”. All too true. The voluminous tax laws are understood only by the highly paid experts that work with and for the richest. The average citizen pays an extra 20% every time he gets audited. He and his accountant can’t fight the IRS so they just have to pay even though most of the tax assessments are not even accurate. This recession should last for years and years because the average working American no longer has income adequate to buy luxury items. It is hard for Americans to make ends meet and they are buying the cheapest foods, the cheapest clothes, financing their cars, appliances, etc. The future looks very bleak while the bankers and wall street types walk away with several million dollars ( and sometimes billions of dollars) each year.