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Forget AIG Bonuses - The Next Bailout is Here
Democrats from Andrew Cuomo to Barney Frank to Barack Obama are demanding that the 418 AIG employees who received bonuses give them back. Sure, it's outrageous that the very people who drove AIG off the cliff, along with a whole lot of other financial firms, walked away with million-dollar bonuses paid with taxpayer bailout money. But as the Wall Street Journal opinion page points out, "Taxpayers have already put up $173 billion, or more than a thousand times the amount of those bonuses, to fund the government's AIG 'rescue.'"
And there is more to come.
The Obama Administration is putting the finishing touches on another big bank bailout. Called the Public Private Investor Partnership (PPIP), it is the brainchild of the Treasury Secretary from Wall Street, Tim Geithner. Under the plan, the government will give our money to hedge fund managers to buy "toxic" assets for more than they are worth. The banks that created these toxic turkeys will use the money from the sales to recapitalize themselves. Everyone comes out ahead except, of course, the taxpayers, who are essentially funneling money to hedge funds to buy bad assets for more than they are worth. The other bonus for the banks in this plan, as Yves Smith points out, is that they get to avoid giving the toxic assets any real market value. Less transparency and more transfers of wealth from taxpayers to hedge fund managers.
So much for the "free market."
Yves Smith writes: "This is what readers ought to be upset about. The AIG bonuses are rounding error, and a done deal. This (the PPIP) is billions to avoid price discovery . . . "
$750 billion, to be precise--plus what remains of the $700 billion bank bailout Congress already approved.
Smith reports that the bailout will likely have two parts: a subsidy to the hedge funds that buy the bad assets, and another one for the banks that sell them, to make up for the low prices investors are willing to pay. It's socialism for bankers and hedge fund managers.
Meanwhile, as AIG CEO Edward Liddy testified on Capitol Hill Wednesday, members of Congress were up in arms about the bonuses he says he was "contractually obligated" to pay executives. Liddy once claimed he had to pay the money in order to retain the talented financial products executives who helped run the company into the ground. The fact that 52 of them left AIG, cash in hand, dampened that argument. On the Hill today, Liddy called on AIG employees to "do the right thing" and return "at least half" of the money if they got a bonus of more than $100,000. I guess a $50,000 bonus is what passes for punishment on Wall Street for putting your company into bankruptcy--or what would have been bankruptcy had the government not bailed out t AIG.
And speaking of bankruptcy, Liddy told Congress that had AIG gone bankrupt and been put into receivership, the contracts that awarded those bonuses would have been void. Bankruptcy would have saved the taxpayers not only $165 million in bonuses, but also the latest $30 billion in AIG bailout. Liddy pointed this out to the Fed a month ago, according to Brad Sherman, Democrat of California, in the Washington Post.
Begging Barney Frank not to subpoena the names of the executives who got bonuses, Liddy read aloud a death threat from an outraged citizen who would like to strangle AIG execs with piano wire.
The Obama Administration and Congressional Democrats are responding to outpouring of anger.
But the truth is, the bonuses to greedy execs are just a sideshow. It's the government's willingness to give away hundreds of billions of dollars in yet another massive bailout that people should be shouting about.
60 Comments so far
Show AllSioux Rose
It doesn't seem possible, in fact it's borderline surreal that this is taking place in broad daylight, that the "leaders" are part of a heist vast enough to rip off the entire nation in homage to banks and Wall st. That the taxpayers are being put on the hook to buy not just "toxic" assets, but what IS worthless, it is too unbelievable to take for real, especially when health care is considered a luxury, when the EPA hasn't the funds to police toxic sites, when schools are under-funded... I have been saying for a long time, if we don't see in the daily news an abject homage to Mammon ($ to banks first) and Mars (unquestioned phenomenal sums wasted on the military and future weapons programs), then blindness has set in. I know there will be an eventual SPIRITUAL accounting, and those that put their yachts and luxuries before the welfare of MILLIONS of persons, My God-dess what they will have to answer for. They will find themselves among the legions of the hungry in lives to come, and I suspect it will take numerous lives to pay back their debts to mankind, these extending way beyond dollars and an abject lack of moral sense.
What seems even more surreal is that Obama still has an approval rating approaching 60%.
When Obama was a US Senator, the Senate had an approval rating of 19% when Dubya had a rating of 28%. Obama is now operating more pro-Wall street and less pro-Main Street than when he was as a US Senator, so he should have an approval rating far less than 19%. The US electorate is dumber than we thought they were.
Having zealously supported the first phase of the mult-trillion dollar unconditional financial industry bailout last September, Obama has 100% ownership of this program. He cannot blame the Dubya Regime.
Obama still hasn't fired Fed. Chairman Bernanke who has steered the US working class into every storm possible since he took the job, and continues to unconditionally throw trillions of US taxpayer dollars to his Wall Street cronies, and continues to lower interest rates, thereby enabling the speculators (who Obama still hasn't regulated) to manipulate commodity markets.
Sioux Rose
RAY: Here's my take on why the approval rating still appears to be high. The language of double speak has been taken to a high art, and so CNN viewers pretty much hear that OBAMA is handling things, that recovery is in sight, that Obama is getting the troops out of Iraq, etc. The words hide the actual policies and suggest that actions are underway which have not been undertaken in any remedial way. Sure a few crumbs are tossed in an attempt to keep the pack quiet. Many on CD have astutely pointed out the areas where policy changes away from Bush's M.A.D legacy have been painfully absent, and what the status quo serves. It really is business as usual, with business being that which favors banks and militarism, and f--k the people. It could not be clearer in terms of the priorities already in evidence that any notion of representation of THE PEOPLE is now reserved to the status of myth. The U.S. is a bankrupt corporation and the fictitious elections (as Michael Moore put it) merely replace CEO's. Obviously those pulling the policy strings are served by this form of theater.
"The US electorate is dumber than we thought they were."
Speak for yourself :-)
Try asking a few people on the street how much a trillion is. If they get that right, ask how much that would amount to for every man, woman, and child if divided equally among all Americans.
I wish I had your faith in divine justice. The gulf between pain (here and now) and punishment (someday, some way, maybe) is too wide, too remote, and too speculative for my limited understanding.
As Eddie Murphy's character in "Trading Places" says, "Seems to me the best way to hurt rich people is to turn 'em into poor people."
And then we can show compassion without being taken for chumps.
Sioux Rose
JT: I have no idea how far my outrage would go if I did not have that Faith; however, having it does not disable my desire to see real justice made clear in the here and now! To me these drives are not mutually exclusive, but when human justice venues falter, I can rest in the spiritual knowledge that something way beyond our cognition is keeping track. It may seem strange to consider that our entire universe is composed of living material, material with sentience. If that seems far out, how much less so is the fact that tiny bits of matter, silicon chips if I understand this correctly, can retain phenomenal amounts of data and convey it to us through our computer screens. Why is that any less magical and mystical than considering that our universe is an interactive "organism" and thought forms along with actions return to sender, even if there may be something of a delay in the return process.
the old model of turning planet into product for money is dying...we must emerge as individuals reunited with the living planet, and responsible for our own air, water, food and shelter again...don't know how, or whether, we'll get there, but it might require this kind of economic devastation to force us, lest we continue to procrastinate...
the 'slow-motion' effect of this robbery is not unlike being in an auto accident...the impotent, rag-doll observer, fascinated by the emotionless clarity and fatalistic inevitability even while tossed and slammed...
the problem we're facing isn't a dying economy, but a dying planet due to our economy...
"the old model of turning planet into product for money is dying" I like that. You mean commodify everthying that God and Nature created and turn it into almighty $$$.
Well put. I concur.
Let us see. PPIP could equal:
Public Purse Is Purloined?
Preying on the Public In Perpetuity?
Preying on Peons In Perpetuity?
Pi**ing on People In Public?
Pompous Pr*cks Insulting Public?
Summers and Geithner, crackpots or crooks? Could they be both?
In the Wall Street Casino, the house always wins.
Unless one has illegal inside information, one gambler's opinion is worth as much as the next.
Better to let the people decide by referendum.
Quite a few of the people still think Saddam was responsible for 9-11. You think the people can decide on something as insanely complicated as our beyond fucked financial system?
Democracy may not be perfect but it's way ahead of everything else.
I would respectfully inquire ss to what good this platitude does to enlighten or even add to a political discussion. We are not talking about democracy we are addressing the pitfalls of capitalism, and how that economic system has inserted itself into our political decision making.
These amounts and the moronic uses to which they are being put represent the death knell of American civil society. I cannot comprehend these ludicrous sums of money and can't believe that someone somewhere is pocketing wealth on this scale today that we and our children have yet to even create.
The only upside I can see to any of this is that there are no empires of beggars. America's imperial pretensions are, by necessity, over. Chalmers Johnson was right.
That was one short American century! Let's call it mercifully short.
Sioux Rose
DAVE B: While your analysis is sound there is a new element at work: the plight has gone global and not every society has its eyes wide shut like this one! Therefore what we will see over the course of the next 7-10 years is some kind of worldwide rise in labor as a unified pool, and "everyday persons" acting to thwart the interests of Mammon (a/k/a bankers/big business/big polluters). The stakes are so high and so many people are being thrown under the proverbial bus, that like a disease spread globally, a cure will arise from the many because this thing is impacting them and us. It's that or mass extinction.
Although the neocons don't want mass extinction, just mass enslavement, they do expect many of the slaves to kill each other in the process. The neocons will also torture or kill non-compliant slaves.
One million citizens in France took to the streets to protest .
Fighting the fight is as simple as not paying your taxes. Go ahead and file just enclose an IOU or better yet a picture of your middle finger. I have no representation I will pay no taxes
Have you ever considered the idea of starting local followed by taking it to state levels and then national ? I understand your point and I sympathize with a lot of it but I think you're making the same mistake as everyone else of only looking at the national level which neither you nor I have any direct control over.
"This is what readers ought to be upset about. The AIG bonuses are rounding error, and a done deal. This (the PPIP) is billions to avoid price discovery . . . "
The O'Dems will loudly treat the symptoms of a problem or go histrionic on "rounding errors" because they think people are too stupid to understand or figure it out or care.
But in fact, most people do figure it out on a certain cultural level.
That is, the effect of what the O'Dems are doing reinforces the idea that it's everyman for himself. And that attitude will in turn be one of the symptoms Obama rails against next.
So in a neat way, the O'Dems provide their own cause and effect.
Until some other leader steps in who more closely embodies the 'everyman for himself' ethos and takes over.
"It's the government's willingness to give away hundreds of billions of dollars in yet another massive bailout that people should be shouting about."
Yea, and ya know what? "The people" are all pretty much shouted out at this point, okay? Tens of millions of us were shouting from minute one, so much so that we actually got "our" House of Reps to vote down the original TARP... for about 5 f@#king minutes, until they voted yes on an even BIGGER f@#king TARP.
My long-ago pediatrician had a picture hanging in his office - a Rockwell riff that showed a child on a stool, pants down, screaming as a doctor readied to plunge a giant needle in his butt. The child's mother stood close, her face wrought with worry. The caption was the doctor saying to the mother: "Let him yell."
IOW, We The People could shout loud enough to break windows and "they" still wouldn't give a single flying f#@k.
enough is enough
Most of our representitives flat out ignore letters and emails plus screen phonecalls which they do not return calls when you are not a "friend"
???!!!
I don't play golf where they do or eat out at where they do nor do I attend any of their places of worship. If I did and approached them they would ignore me at first since they don't know me. Then they would use their cellphone or would ask the management to call the police. Needless to say who's side the police would take!
It is sad that at this present time MUCH stronger action is needed to get the attention of our elected officials!
If that is really what you want!!!!!
I have decided to just avoid elected officals and try to provide for myself as if the system has completely colapsed. It a good time to learning those survival skills because of the massive police state that now exist and plans for even more arrest of dissent.
I was forced into a freespeech zone a few years ago by local police on orders from the Bush Administration and not one policeman seem to mind violating my freedom of speech!
The government will govern for itself no matter the call from the public!
...oh yeah the media won't cover it until violence occurs and if they do then report it it will be a random criminal act and they will spin it with a smile...creepy huh?
They are closed minded alright. Only money can wake them up. However, while talking doom and gloom, have you ever reconsidered that just maybe neglecting local and state wide elections is what gave you and me narrow minded ignorant pols in Washington? It all adds up. Think about it.
There are actually very few people who know what's really going on. Those of us who have been in the financial industry for decades knew what was happening - but most people just didn't care. (Or where in denial, because facing the truth would force them to do something radical.)
Nothing has changed. I turned on the TV for a couple days - just to see what was going on - and the same idiotic BS was spewing out over the airwaves. Oh yeah, we must NEVER take any of the ill-gotten wealth from the rich - that is positively UNTHINKABLE. Well, where in the hell do you think money is going to come from? That ephemeral 'GDP growth' that I hear spouted over and over again? Puh-lease! This is a finite planet. The poor (which is 99% of us) don't have anything left - the wealth .01% have taken it all in the last 30-odd years - and they have no intentions of allowing 'wealth distribution' to occur in the opposite direction now - despite having 'trickle-up' economics breaking us all for the last 30-odd years. (It all started under JFK - with his initial 'tax breaks for the rich' nonsense. As if the wealthy few ever did anything to make an honest dollar!)
Jobs - and a decent income - come from ordinary small business, anchored in individual communities. Corporate plunderers simply take small amounts from every poor person (that's the 99.99% of the rest of us) while giving less-than-living-wage jobs to the 'fortunate few' allowed to have them. Until Americans grow cahones and stop this nonsense, nothing is going to change. Keep telling everyone you know - as I have done for decades - to ONLY deal with credit unions and other co-ops. The small businesses may be marginally more expensive in the short run, but they are the ONLY way we can ever bring economic justice back to the US. At least in the '50s and '60s everyone had a chance to make a decent living - back when there were limits on greed, such as the 90% tax brackets for those criminally-minded corporate gangsters that thought looting the public treasury was fair game.
Progressive tax policy is the ONLY way to sustain a just society under capitalism - and yes, I still think capitalism is the only way to run an economy. There has to be incentives for entrepreneurs, inventors, and dreamers - and disincentives for criminal looters and honest wind-falls. Nobody should ever make a profit if it means another human being has to sacrifice the necessities of life - food, shelter, security, healthcare, education, leisure time, music and the arts, and a rewarding career. This is why we form societies - this is what it means to be a human being - and nobody should be denied their right to 'life, liberty, and the pursuit of happiness' - the basic function of government being to deliver a quality of life worth living. There is enough to go around - it's just that we haven't been sharing prosperity fairly. Greed is a vice - an emotional/mental aberration - and no amount of 'wealth' (money, materialism) can fill a diseased mind. For those few unfortunate people, there will NEVER be 'enough' - even if you gave them the whole world. It is a mental illness (please, no debates about what that means) and cannot be cured with materialism.
Yes army. Thank you for pointing out the power of local. And don't forget to pay attention to those local and state level elections and pols. LOCAL AND STATE POLITICS DO MATTER. I repeat. LOCAL AND STATE POLITICS DO MATTER. It all adds up down the road.
Dave Bronstein wrote: "Simply put, the US government (led by the smooth-talking 2-faced Democratic Shyster-in-Chief) is moving to steal all our money in broad daylight, and hand it over to the financial gangsters."
Precise analysis Dave, thank you.
AIG, Madoff and Stanford, however serious, are simply distractions
http://vimeo.com/3722293
There's only one way to put an end to this continued corporate/governmental fraud and theft: refuse to finance it with your tax dollars.
April 15th is fast approaching. Refuse to file, or file without payment. If you're one of the slave-wage-earning class, revise your W-4 exemptions to bring your withholding to zero.
Only when a critical mass of citizens become tax resisters will they be paid any attention by the financial and political elite.
Resist!
Dare the government to make the case in court that there's any justice in our tax-subsidy system. All of the public goods that might be financed by it are ignored, while cronies and insiders loot the public purse.
Forget the chump-change AIG bonus diversion. The PPIP, if enacted, should be the last straw, the indignity that brings the people into the streets to finally and unequivocally say NO!!!
At the risk of sounding negative I would remind anyone who seeks to follow this line of action that the government will charge you an enormous penalty and interest on the debt you owe them. Should you choose to ignore their letters you will find your bank accounts looted and your paycheck coopted.
"The other bonus for the banks in this plan, as Yves Smith points out, is that they get to avoid giving the toxic assets any real market value. Less transparency and more transfers of wealth from taxpayers to hedge fund managers........The Obama Administration and Congressional Democrats are responding to outpouring of anger."
Yeah, sure they are!
Do they think we don't who received the most money from "hedge funds" over the last ten years?
Here it is in color: http://www.opensecrets.org/industries/indus.php?ind=F2700
And you, Humble Taxpayers, will be told there's no money for education, health care, a living wage, public transit, safe roads and bridges, poverty relief, etc., etc. Unbelievable! How nice there's money for big banks of questionable social benefit.
N.M.
How about this for a solution? Scrap the Fed, don't help out the banks with anymore money, create a, or more than one, central government bank to leverage credit like the Fed currently does (except the government will get the interest, instead of owing it), and best of all, scrap the damn stock market. If a company wants more money for something, they can apply for a loan like people have to...or maybe work harder and smarter like they demand we do.
Well, at least my bad dreams are still worse than being awake.
But the gap is closing...rapidly.
One thing is for sure - Obama is screwing himself right out of a re-election in 2012. He must have promises of mind-blowing sums of $$ coming his way after his only term is over to make him go against the grain of what most presidents thirst for during their entire 1st 4 years in office: a second term. For him to commit political suicide like this, assuring a thumping in 2012...he must think he will be living like Midas after his electoral defeat in 4 years.
Yes, I agree the American electorate has the shortest memory in the universe, and in general are dumber than a sack of hammers. But even as kool-aid-bloated and American-Idol-ized as they are, even the dimmest couch potato can feel the outrageousness of this wholesale fraud and theft being committed by their "leaders."
Honestly: does Obama REALLY believe he won't have to pay for these shenanigans?? He must know that all this money given for free to Wall Street with NO economic benefits for Americans will be the nail in his political coffin...
Doesn't he?? Or is he really that dense???
I don't get it.
"When fascism comes to America, it will be wrapped in the flag, carrying a cross."
Sinclair Lewis, "It Cant Happen Here", 1935
Read Galbraith's article linked on CD. Obama very likely does believe, or he has been led to believe by his economic advisers, that yes, pouring money into the banks is the solution.
I hear the outrage and all but have any of you actually considered that just maybe if you all would consider the idea of paying attention to your local and state elections and pols that we all wouldn't be stuck with the Washington we're stuck with? I'd love to help you all build a strong progressive independent 3rd party but I'm afraid you all will have to do your part of build better local and state wide pols who share Nader's philosophy. Otherwise, all your negative talk will be just that. I'm already working on trying to help turnout better local and state pols regardless of party and not allow the corporate interests to buy them out. Now that's a positive change, don't you agree?
There is nothing like a self made man to cheer an amerikaaner of his birthright.
A New Way Forward - calling for demonstrations on April 11
http://anewwayforward.org/demonstrations/
Participatory Politics Foundation
http://www.participatorypolitics.org:80/
They all get what they deserve..........
it will just take a little longer.
Well, maybe you don’t have to wait for too much longer. It all depends on the veracity if decline.
You can fool some of the people all of the time, and all of the people some of the time, but you cannot fool all of the people all of the time (Abraham Lincoln).
The masses are angry. And why? Here is a hint:
Democracy has been perverted by a group of self-interests into a TOOL of the two party corporate oligarchy that manages the profit and wealth flow for a small elite.
Democracy, in it’s current form, is the tyranny of a few cunning circles with controlling and omnipotent lobbies, that use the ignorant majority ‘mandate’ of the voting masses. Most pivotal parts of this machine are made out of the elite’s cronies and beneficiaries of this abominable theft and fraud. Their lobby established a system that plays tennis with the citizens’ votes, draining all chance for a radical change of ways, which is desperately needed. If you deny that a radical change of ways is needed, you are part of this morose parasitic machine.
The world political systems need a total remodelling of democratic mandate formation. The right to vote should require a minimum historic and political knowledge. Because why, and I ask you in all seriousness, should millions of gullible ignorami, appeaseable with banal consumerism and manipulated by corporate media filth, have a right to decide on the fate of this planet?
However, although a collapse of feudal/capitalistic systems, as logical consequence of it’s abuse, was historically mostly beneficial for the parasites of such a system, this time things have changed. This time the self-propelling dynamic, trajectory and causality of collapse of this system has been misjudged, ey Mr Greenspan?. And this time we have the information highway, providing insight for the masses that they’ve been had.
This will lead to a collective consciousness and an increasingly informed majority will remembers its constitutional rights and the principles on which this nation was founded.
Times have changed, where only the intelligentsia of a system was clued up enough to make sense of the mess and to have the education to see alternatives. The times, where the voting masses could be allayed and kept in convenient ambivalence with welfare payments and consumerism are over. Now more and more people wake up, take note and form an opinion. THAT is democracy. Once the top-shots and cronies of finance, banking, politics, lobbyism and corporatism realize that, they will soon wonder if treacherous ways and bonuses were really worth it.
The Constitution and Bill of Rights is a good way to start. In Benjamin Franklin’s times half of the Wall Street gangsters, half of Congress, half of all bankers and most lobbyists would have been tarred and feathered, the other half would have formed chain gangs.
“History repeats itself”.
We are only half-way.
We’ll see if the Guillotine comes in fashion again.
"...that use the ignorant majority ‘mandate’ of the voting masses. Most pivotal parts of this machine are made out of the elite’s cronies and beneficiaries of this abominable theft and fraud...."
Such an interesting take on 'ignorance.' Most arrogance of opinion is just like this ad hominem slough off of millions of pathetic human beings,huh? How else can you justify 're-educating medical doctors, lawyers, professors, teachers, your holy guiders, not to mention those damn psychiatrists.' Right
The 'killing fields' of mass stupidity are arising once again to chuck the chains of education for 're-education.'
I can hardly wait to see the genetic material that survives this onslaught....
You mix up intelligence, education and comprehension of history and politics with professional academic achievement, which, if you look at the academics of Wall Street, Congress and corporate oligarchy, is certainly no indicator per se of any socio-political or humanistic potential.
Can a fact be arrogant?
“You can fool some of the people all the time, and those are the ones you want to concentrate on.” George Walker Bush
Anyone get the feeling that the elites are testing the people's limits?
Hello
We are TheTribe2009, our mission is to eliminate pain and suffering in the world.
Currently we have two projects in development, the Citizen’s Initiative and Citizen’s Central.
The Citizen’s Initiative is a prototype for citizen development of laws and legislations that are directly submitted to the President and appropriate congresspersons and Senators for enactment.
Citizen’s Central is a depository of demographic information for every citizen in the country.
Citizen Central is near initiation, what’s needed is the physical creation of its infrastructure.
The development of Citizen’s Central is of obvious benefit to the government, NGO’s, businesses, etc.
Since C.C. is citizen owned the government would be willing to fund the project.
Citizen’s Initiative is set to go, all the field work is complete. The platform of laws and legislation that are being offered has been determined by citizens to be implemented immediately. What remains to be done is for the citizens of the country to approve or disapprove .Provisions have been incorporated into the format presented so that if something in not approve compromise is possible.
The resources available are a few laptops and web- addresses.
Citizen’s Initiative is time sensitive because it pertains to legislation that has recently been enacted, and is scheduled to be enacted in the near future.
What we are trying to do is engage the citizen’s of the country to actively participate in creating progressive democracy. The tools exist, thanks to all of you, for this type of dynamic democracy to manifest.
There are many revelations that developed from the process of getting citizens to personally create a platform.
The methods used to create the platform and the contents of the platform will be discussed prior to creating the infrastructue or later if you actually get a chance to vote on it.
Thank You
Frank Tarantino from : The Tribe 2009
Hello
We are TheTribe2009, our mission is to eliminate pain and suffering in the world.
Currently we have two projects in development, the Citizen’s Initiative and Citizen’s Central.
The Citizen’s Initiative is a prototype for citizen development of laws and legislations that are directly submitted to the President and appropriate congresspersons and Senators for enactment.
Citizen’s Central is a depository of demographic information for every citizen in the country.
Citizen Central is near initiation, what’s needed is the physical creation of its infrastructure.
The development of Citizen’s Central is of obvious benefit to the government, NGO’s, businesses, etc.
Since C.C. is citizen owned the government would be willing to fund the project.
Citizen’s Initiative is set to go, all the field work is complete. The platform of laws and legislation that are being offered has been determined by citizens to be implemented immediately. What remains to be done is for the citizens of the country to approve or disapprove .Provisions have been incorporated into the format presented so that if something in not approve compromise is possible.
The resources available are a few laptops and web- addresses.
Citizen’s Initiative is time sensitive because it pertains to legislation that has recently been enacted, and is scheduled to be enacted in the near future.
What we are trying to do is engage the citizen’s of the country to actively participate in creating progressive democracy. The tools exist, thanks to all of you, for this type of dynamic democracy to manifest.
There are many revelations that developed from the process of getting citizens to personally create a platform.
The methods used to create the platform and the contents of the platform will be discussed prior to creating the infrastructue or later if you actually get a chance to vote on it.
Thank You
Frank Tarantino from : The Tribe 2009
I had to laugh when I saw rich boy Liddy boo hooin' about the death threat. He's lucky this ain't France in 1789. Blowback's a bitch, ain't it, rich boy?
You don't want death threats? Don't rip people off then scream foul when you don't get your damned criminal bonus kickback, rich pricks!
AIG is a money laundering racket. The bonus thing might be a sideshow, but it's just as deserving of a serious comeuppance.
The owning class have a lot to learn... and school just started.
Now that has an historical ring to it and it rings true.