Discussion in 'Politics' started by Truthmatters, Jan 4, 2012.
The Wall Street Money Machine - ProPublica
Odd. I don;t see any mention of a Pulitzer on the linked page. Did you post the wrong link by mistake? Did I simply not look in the right paragraph?
Perhaps you could specify the section that indicates they won this honor?
never mind, I found it for you.
A Note on ProPublica’s Second Pulitzer Prize - ProPublica
Note the use of the words SOME, not ALL.
Yeap they did didnt they.
I posted what they won one for.
Now why dont you educate yourself and read the article
I have read their work. The writing is deserving of the honor. It my no means should be seen as an indictment of Wall Street as a whole. The same way your stupidity on this board should not be seen as an indictment of the entire liberal world.
You wont because all their reporting shows without a doubt the deplicidous dealings of the lenders and Brokers.
They raped this country and it was obvious to anyone who accepts cold hard facts.
You didnt read it and its obvious by your statement
You didnt read the article liar
I don't know that anyone believes every dealer on Wall Street is crooked. If they do, they are foolish.
But the ones that are crooked are putting the entire capitalist system at grave risk, and they should be rotting in prison, not golfing in the Bahamas on the money they stole from you.
That's right. They stole from you. I don't think most people realize this. If they did, they might get more worked up over it.
For example, your insurance company doesn't make money from the premiums you pay. The premiums you pay would barely cover the costs of the insurance company's outlays. Doctor bills and so on. Insurance companies make money by taking your premiums and investing them in securities sold to them by Wall Street.
Some of the dealers on Wall Street knowingly sold fraudulent securities. Some of the dealers on Wall Street were not guilty of fraud, but they were seriously deluded, and so they also sold toxic securities to your insurance company.
And then when everything blew up, your insurance company lost billions. And guess how they recovered that money?
That's right. They raised your insurance rates.
So that is one way your money was transferred up the income ladder to the already wealthy. Rich crooks.
Then there is your 401k manager. He's an idiot, too. Wall Street dealers provide him with box seats for his favorite team. They also provide hookers and blow to him. In return, he invests your money with them. And they rip him off blind. This is going on every day. It's called "blowing up a client" by the dealers. They also call it "ripping his face off". They laugh uproariously over this.
So that is more of your money being transferred up the income ladder to the rich crooks.
Pro Publica does a good job documenting very specific examples of how this is accomplished.
You get, what, two or three percent returns on your 401k (in a good year) and think you are part of the winning team. Well, the joke's on you, sucker.
they do it so well they won a pulitzer
Separate names with a comma.