Yesterday my daughter Megan told me she was paying 25% on her credit card. Kadizzle had to do some rearranging to get her a different line of credit. That wonderful Chase Bank that rips off young people so they can pay the CEO hundreds of millions.
On the way home from the lake yesterday NPR ran a story about how the Wall Street banks are ripping off the federal government. Those good old boys are borrowing money from the federal government at 1% and buying treasury bills that pay 3%. Now you can see they are just exercising their right to rob the U.S. Treasury. Perhaps that is where they are getting the money to lend to Megan for 25%.
The best part of the show is the Republican party, which has just accepted massive bribes to do what they do best, "Just say no". Just say no to banking reform. Yes this same bunch of compassionate conservatives that love us all, are now making sure the thieves on Wall Street have the right to rob every young person in the country trying to get ahead. In case you have not been following the Goldman Sachs story Kadizzle will bring you up to date. Goldman Sachs that is now doling out billions in bonuses came up with a clever scheme. Goldman in cahoots with another thieving outfit put together a package of mortgages designed to fail. Goldman sold the package and vouched or it. Then Goldman and its partner thief bet the package would fail by selling it short. It failed, people got thrown out of their home, and all the bankers lived happily every after. Now, it is just a matter of pumping some campaign contributions into the Republican party and we can do it all over again.
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