Watching corporate Democrats like Pelosi and Schumer pretend concern for productive Americans is difficult for me to stomach, especially when I think back to 2009.
If Democrats are serious about putting Main Street interests over shareholder concerns, they will start demanding the "Foreclosure King" has no input into how this bailout proceeds
"Americans got their first whiff that this was going to be another massive giveaway to Wall Street banks, just as happened from 2007 to 2010, when White House economic adviser Larry Kudlow appeared at the White House briefing yesterday evening.
"Kudlow revealed that the stimulus plan is actually a $6 trillion package — $2 trillion to struggling Americans and $4 trillion to dispense as Treasury Secretary Steve Mnuchin and the Federal Reserve see fit.
"Since the Federal Reserve has seen fit since September 17 of last year to flood the trading houses of Wall Street with $9 trillion cumulatively in revolving loans, one can reasonably expect that this is where the new $4 trillion will be going."
Stimulus Bill: The Fed and Treasury’s Slush Fund Is Actually $4 Trillion
Assuming those $2 billion and $4 billion figures are accurate, is there any good reason they should not be reversed with $4 billion going to Main Street and shareholder speculators getting table scraps?
"Before the confirmation hearing concluded, Senator Wyden added the following:
"'Mr. Mnuchin, a month ago you signed documents and an affidavit that omitted the Cayman Island fund, almost $100 million of real estate, six shell companies and a hedge fund in Anguilla. This was not self-corrected. The only reason it came to light was my staff found it and told you it had to be corrected.'
"Until Americans find their backbone, this is the 'democracy' we are preparing to hand over to our children and grandchildren — a nation crippled by debt and living under the jackboot of corrupt politicians in service to their overlords on Wall Street."
If Democrats are serious about putting Main Street interests over shareholder concerns, they will start demanding the "Foreclosure King" has no input into how this bailout proceeds
"Americans got their first whiff that this was going to be another massive giveaway to Wall Street banks, just as happened from 2007 to 2010, when White House economic adviser Larry Kudlow appeared at the White House briefing yesterday evening.
"Kudlow revealed that the stimulus plan is actually a $6 trillion package — $2 trillion to struggling Americans and $4 trillion to dispense as Treasury Secretary Steve Mnuchin and the Federal Reserve see fit.
"Since the Federal Reserve has seen fit since September 17 of last year to flood the trading houses of Wall Street with $9 trillion cumulatively in revolving loans, one can reasonably expect that this is where the new $4 trillion will be going."
Stimulus Bill: The Fed and Treasury’s Slush Fund Is Actually $4 Trillion
Assuming those $2 billion and $4 billion figures are accurate, is there any good reason they should not be reversed with $4 billion going to Main Street and shareholder speculators getting table scraps?
"Before the confirmation hearing concluded, Senator Wyden added the following:
"'Mr. Mnuchin, a month ago you signed documents and an affidavit that omitted the Cayman Island fund, almost $100 million of real estate, six shell companies and a hedge fund in Anguilla. This was not self-corrected. The only reason it came to light was my staff found it and told you it had to be corrected.'
"Until Americans find their backbone, this is the 'democracy' we are preparing to hand over to our children and grandchildren — a nation crippled by debt and living under the jackboot of corrupt politicians in service to their overlords on Wall Street."