And you're angry at THIS president and his administration?

I don't care who you are, whether you're a Conservative, a Republican, an independent, Tea Party member, Libertarian, whomever, if you're in any way angry at this president and his administration for what you see as going into "Socialism" and "big government" and a social-welfare state, honey, you have another think coming.

Yes, come with me now as we once again look back on that last administration and what they and the Fed did for big business, specifically the big banks in this country and around the world.  Let's put this current administration into perspective.

That last administration, via Mr. Bernanke and now former Treasury Secretary Hank Paulson did with our government--and our money.

They gave the following low-interest loans to the following companies, and in these amounts:

Goldman Sachs received nearly $600 billion; 

Morgan Stanley received nearly $2 trillion; 

Citigroup received $1.8 trillion; 

Bear Stearns, received nearly $1 trillion, 

Merrill Lynch, received some $1.5 trillion in short term loans from the Fed.

From Senator Bernie Sanders (Independent, VT) today at The Huffington Post:

We also learned that the Fed's multi-trillion bailout was not limited to Wall Street and big banks, but that some of the largest corporations in this country also received a very substantial bailout. Among those are General Electric, McDonald's, Caterpillar, Harley Davidson, Toyota and Verizon.

Perhaps most surprising is the huge sum that went to bail out foreign private banks and corporations including two European megabanks -- Deutsche Bank and Credit Suisse -- which were the largest beneficiaries of the Fed's purchase of mortgage-backed securities.

Deutsche Bank, a German lender, sold the Fed more than $290 billion worth of mortgage securities. Credit Suisse, a Swiss bank, sold the Fed more than $287 billion in mortgage bonds.

Senator Sanders asks a very pertinent question:  Has the Federal Reserve of the United States become the central bank of the world?

Mind you, that last administration kept all this quiet and totally out of the public's knowledge until only recently because Sen. Sanders had to put into law a provision, asking for a breakdown of just what exactly was given to whom but for all the complainers and haters out there, of this administration, I ask you--where was your outrage back when the ultra-white and very-privileged George W. Bush and Co. were spending like drunken sailors and starting pre-emptive and illegal wars, all in our name?

If you're going to be raising hell about something, you ought to be raising it about the guy who gave over the candy store to the rich fatcats, not the guy who is, now, trying to stand up for the everybody else in the country and not the wealthiest top tier.

You knuckleheads.

Link to original post:  http://www.huffingtonpost.com/rep-bernie-sanders/a-real-jaw-dropper-at-the_b_791091.html

No one burns through money like Americans, Part Two

Okay, here's another story you may or may not have seen.

While all the big banks were in big trouble and needing millions and yes, billions of dollars of our government, tax dollars to save their collective butts, these same banks--Goldman Sachs, AIG, Citibank (as Bill Maher refers to them--and that they've earned--"Shittybank"), Morgan Stanley, Bank of America, etc.--they were also handing out many, many million dollar bonuses to their employees.

Check this out:

"At Goldman Sachs, for example, bonuses of more than $1 million went to 953 traders and bankers..."

Do the math.

One million dollars times 953 traders is perilously close to one trillion dollars, folks.

For one company.

One company.

953 employees.

One million dollars each.

Can you even imagine?

One million dollars as a bonus?

On top of your salary?

Where is the perspective?

To continue:

"Even at weaker banks like Citigroup and Bank of America, million dollar awards were distributed to hundreds of workers."

How nice.

"...Morgan Stanley awarded seven-figure bonuses to 428 employees."

Let's see. 953--million--plus 428--million--and pretty soon you're very near one and a half billion dollars in bonuses.

Even though you're company is going to heck in a handbasket, largely due to how the company was handled and choices made in the organization.

This is insane.

This is insanity.

The banks screwed up, big time, by screwing their clients, largely in mortgages and other really ugly vehicles, then they were going down and losing money but they then handed out million dollar bonuses to hundreds and hundreds of employess--after receiving government money to save their butts.

Oh, yeah.

Americans burn through money like no one else.

We've given billions, maybe trillions of dollars, to these banks, to save their collective butts and they turned around and gave million dollar bonuses to hundreds and hundreds of their employees.

As though they'd done a good job.

Link to story:
http://www.nytimes.com/2009/07/31/business/31pay.html?_r=1&th&emc=th