Showing posts with label bank failures. Show all posts
Showing posts with label bank failures. Show all posts

Monday, September 15, 2008

The chickens, they have come home to roost

For the past 30 years the Republicans have been hell bent on deregulating everything from the pharmaceutical industry to mining to banking and look what it's gotten us, untold deaths from drugs that have rushed to market too soon, mine collapses, and now the imminent collapse of jeebus knows how many Wall Street banks. Golly gee whiz, it looks like those old radical "socialists" led by FDR in the 1930's knew just exactly what they were doing when they enacted all those laws that prevented this type of shit for 40 years until people who look this
decided they weren't making enough money and that all businesses and industries had to be deregulated.

With more government bail outs of Wall Street banks coming I wonder when us poor and working class people can get some of that government welfare money. If you ask me it's people like us who need bailing out more than the greedy bastards on Wall Street do. The Merrill Lynch has done pretty well for long enough. Lehman Bros. made a ton of money while people like us got laid off. E. F. Hutton spoke and we all listened to them make money hand over fist while you and me and every one who didn't make over $100,000 a year got shafted. It's time we roll up our sleeves, put on our American hats,


and put back into place the laws that reigned in the Wall Street greed junkies and the blood sucking bankers that have preyed on us for too long. The Christian church used to be against all types of usury and unethical business dealings, maybe once all their followers get shafted out of their pay checks by Republican business practices and they can't donate money then they'll wise up and they'll start speaking out against the conservative Republican free market business practices and policies that have gotten us into so much trouble.

Personally though, I hope this latest money crisis ripples through the country like a tsunami so that it wakes people up to the damage that the Republicans and their compliant enablers, most of the Democrats in Congress, have done to our country. Maybe if enough people get hurt by this latest financial chicanery then we can all wise up and we can put some sensible regulation back on banks and big business.