S&P along with other ratings agencies, like Moody's, were completely up for sale agreeing to grant any rating to any piece of toxic garbage that Wall Street and the Banksters wanted.
If the price was right they'd get a AAA rating. Turns out the Free Market isn't Free.
After receiving the imprimatur from the Ratings Agencies and coupled with their other legerdemain the Wall Street Thieves fed the country a load of Rat Shit Burgers whilst declaring Caveat Emptor! All the while knowing the toxic assets the Atlanta Teachers Union was investing its' entire Penison into was worthless.
Capitalism is a rigged Mug's Game. It's merely the renaming of old systems which people have found intolerable and no longer wish to ruled under.
Under what we call Capitalism, the costs of running a business have been Socialized while the profits have been Privatized. Corporations get society to cover the costs of doing business and in the case of the 2007 Republican Recession when Capitalism experiences a Super Nova Imploision of Greed and Theft, as it occasionally does, the Capitalists are completely bailed out by Government and Taxes.
George W. Bush's fateful decision to ignore the August 6th memo Bin Laden Determined to strike in the US had other far reaching effects besides his abject failure of 9/11.
Afterwards Bush moved the perponderance of the FBIs assets towards Terrorism and into crafting a Casus Beli for Invading Iraq and away from Wall Street's Crimes. Coupled with the deregulation and lack of enforcement for the previous 20 years, including the Gramm-Leach-Bilely Bill, allowed the Banksters to do what Thieves always do when no one's looking; Steal.
Capitalism is a rigged Mug's Game. It's merely the renaming of old systems which people have found intolerable and no longer wish to ruled under.
Under what we call Capitalism, the costs of running a business have been Socialized while the profits have been Privatized. Corporations get society to cover the costs of doing business and in the case of the 2007 Republican Recession when Capitalism experiences a Super Nova Imploision of Greed and Theft, as it occasionally does, the Capitalists are completely bailed out by Government and Taxes.
George W. Bush's fateful decision to ignore the August 6th memo Bin Laden Determined to strike in the US had other far reaching effects besides his abject failure of 9/11.
Afterwards Bush moved the perponderance of the FBIs assets towards Terrorism and into crafting a Casus Beli for Invading Iraq and away from Wall Street's Crimes. Coupled with the deregulation and lack of enforcement for the previous 20 years, including the Gramm-Leach-Bilely Bill, allowed the Banksters to do what Thieves always do when no one's looking; Steal.
Steal...and get away with it!
ReplyDeleteNot only get away with it, Jerry Critter but they invented entire edifices of Bullshit transferring the blame to those who Forced the Banks and Hedge Funds to provide loans to the King Crab Eatin' Cadillac Drivin' Poors!
ReplyDelete