Just finished my 4th book on the excesses of Wall St

Discussion in 'Economy' started by Dot Com, Apr 2, 2012.

  1. Dot Com
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    Dot Com Nullius in verba Supporting Member

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    13 Bankers
    Prior to that I've read:

    Griftopia - Wikipedia, the free encyclopedia
    The Big Short - Wikipedia, the free encyclopedia
    Third World America: Drowning In Debt And Choking On Lies - Business Insider
    These books outline how Wall St basically owns the political process through their campaign contributions, army of lawyers, & lobbyists. I agree w/ 13 bankers in that if a financial institution is too big to fail (has to be bailed out by tax-payer $ under any & all circumstances) then its too big to exist.

    Here's who the Repubs in the senate were sheilding from practical oversight/regs because, of course, the conservatives would yell "socialism!!!" :rolleyes: look at 2:04 ;) They made $50K in the amt of time they stood there in front of the cameras based on their annual bonus'.

    from 5 yrs ago:
    Compensation for top bank executives - CNNMoney.com

    Good question at 3:25 too. They helped crater the economy through the pursuit of fees :clap2: :

    [ame=http://www.youtube.com/watch?v=eac0tTt64EQ]Inside Obama's bank CEOs meeting Eamon Javers POLITICO com - YouTube[/ame]​

    what books have you read inre: Wall Streets capture of the political process and the consequent road to serfdom for the masses?
     
  2. Dot Com
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    Dot Com Nullius in verba Supporting Member

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    This one looks illuminating/instructive as well. I may look into it after finishing my current book although 4 books on econ is more than enough for me (econ is not that exciting especially as it rerates to the pillaging varieties):
    Age of Greed by Jeff Madrick - Book - eBook - Random House
     
  3. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    I noticed you faulted the republicans, but not the democrats. Do you really think the Dems were not involved too? Seems odd, does it not, that if the Wall Streeters basically own the political process as you claim, that Barack Obama got elected or that the democrats managed to get a filibuster proof majority in the Senate.

    I do agree that we've got too many financial institutions that are just too damn big. Dodd/Frank doesn't seem to be addressing that issue, in fact seems to be just the opposite. Instead of preventing more bailouts, it looks like they're preparing the guidelines for who gets the next one. And that's soley on the democrats, it was their bill.
     
  4. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    The last time the Democrats held a filibuster proof majority was in 1979.
     
  5. Unkotare
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    Unkotare Diamond Member

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    Wow, you read four whole books! What a big boy!


    :rolleyes:
     
  6. Katzndogz
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    Katzndogz Diamond Member

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    I would recommend Demonic by Ann Coulter, Ameritopia by Mark Levin, Bias by Bernie Goldberg and Shakedown by Kenneth R. Timmerman as an expose of how Jesse Jackson built an empire by using racisim to extort money.
     
  7. Dot Com
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    Dot Com Nullius in verba Supporting Member

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    the financial institutions give to both parties to hedge their bets. This is true. However, who drew up the bill to repeal Glass Steagall and who went to wall st to meet w/ bankers on the eve that the fin reform bill was being debated?
    McConnell's Wall Street meeting prompts criticism from Democrats

    Don't know if the tea party exists anymore but the *cough* "investment" (I use that term loosely) bankers do

    [​IMG]
     

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