No One Wants to Hug a Banker

Gary Ackerman's rants and raves against the bankers and Madoff are so hypocritical! Bernard Madoff contributed to Ackerman's campaign TWICE. Just after the first contribution, Ackerman voted to make it more difficult to enforce securities fraud laws. In addition, Ackerman was one of the biggest check kiters in the House Banking scandal.

LizBerneyforCongress.com

We are witnessing ugly face of 'capitalism' and greed, which is a part and parcel of this ideology. Capitalism was bound to fail as it exploits the poor masses and rewards mostly the crooks, dishonest, heartless, immorally greedy, vicious, and capricious bunch who want to grab everything at the cost of others happiness, dignity, peace of mind, ruining and at the price of destroying hundreds of millions of families lives.

The whole world is now suffering from the unbridled, insatiable and immoral greed of these millionaires and billionaires who have contributed to the collapse of global economies.

It is about time that the dodgy auditing big firms are investigated and banned for life for allowing fraud companies and the fraudsters to operate without public notice. The dishonest auditors earn millions of dollars for auditing and certifying accounts with the full knowledge that many of their clients are involved in operating dishonest accounting standards. These greedy auditors help their greedy clients to evade personal taxes and safe them and their companies millions on Corporation Tax.

The fact of matter is that in 'democracy' laws are made by the rich for the rich and those auditors know how to manipulate loopholes for the benefit of the rich, privileged and super-greedy rich.

Bravo to katana0182 to a differing perspective that could be doable.

Why would anyone want to hug a banker? The way they acted in front of the House Financial Services Committee on February 11 was appalling, very, very arrogant, to the point of STUPIDITY. We, as taxpayers, are susposed to bail these people out with Social Security money? I"m an AARP Member and I paid in to Social Security and my children and grandchildren are paying in, to bail out CROOKS like this and a lot of them even hide their money offshore, as well as Switzerland. They're making sure they don't pay any federal income tax. I quote, "When Rep. Gary Ackerman (Democrat of New York), noting that taxpayers had injected $265 billion into their eight firms, asked how much each CEO had put into his company in the past five months, five answered that they hadn't even bought a single share." Just how bad is the situation? I write on the Obama Blog and I've also been writing on this subject for over 16 years now. I thought Bernard Madoff was the biggest CROOK that the government caught, but now, evidently there's even a bigger one and they can't even find him and the reason why he's bigger is because he stole from our CD accounts, that he knew were guaranteed, so we're stuck paying the bill, which we should. The trouble is, with all the paid lobbyists and consultants down in Washington, they are trying to get the taxpayers to bail out the Stock Market and the Investment Bankers because there's no guarantee on them and there shouldn't be. Look up on the Web and see what percent of wealth the top 1% controlls. You'll find that most of them aren't at all interested in helping out the middle class and particularly, the elderly. In fact, they hate the fact that President Franklin Roosevelt ever proposed paying federal income tax, "based on ability to pay" which he followed through on. That's why these BILLIONAIRES are as arrogant as they are and that's why when elections roll around, they say that "money is free speech. Since we have the money, you will do what we tell you to do." This should not surprise anyone.
Yours truly, Disgusted Middleclass Taxpayer and AARP Member, LaVern

The bank CEO's and their boards may think they are above the law and accountablity, however, we can get their attention. Close your account, cancel your credit cards, refinance your mortgage with all of these huge corporations. There are many small regional/local banks that will take care of your money, issue a credit card, hold your mortgage. While closing your accounts and refusing to do business with these companies make sure you write, via snail mail, why you are doing it. That you are tired of their greed and arrogance, they owe us their jobs and wealth, our business is what gave it to them. Think locally and think small, move your portfolio's to an independent local financial advisor. Local bank exec's and financial advisors make a couple hundred thousand a year, not tens of millions. If a grass roots movement can elect a president, a grass roots movement can oust these greedy managers and their boards. They only work as long as there is a market to pay them, if there is no market -- bye bye

Republican, democrat, the Senate, the House and the Fed (which is not a government agency) and their relationship with the marketplace, is all a ball of corruption. We, the American people have the constitutional right to "disassemble" an ineffective government. If you are still piecemealing who's to blame for our economic collapse by pointing fingers at different entities, like the banks or politicians or wall street, etc. you are being shortsighted. The media's job is to get citizens diverted from the truth, and they do their job well. We, Americans are being overwhelmed by a Tsunami of corruption. There is no one entity that is corrupt. Our whole governmental system as it is executed is corrupt. What the media hopes and politicians count on, is that we will throw up our hands in frustration and disgust. What needs to happen has nothing to do with political affiliation. The Declaration of Independence starts with "We the people." It's all about us. What is wrong in America is our fault.Nothing can happen that we don't allow.. We the people have abdicated our responsibility as citizens.

Why should the bankers have to do anything? They got most of their money and have done nothing to help the public since the bailout. Now that the government has covered the banks' self induced losses, they have gained more for profit margins. Presenting themselves, obstinance and apathy reflect that they are above any law or accountability and they will continue to be loan sharks until the US is totally bankrupt. By then, it would be too late. Their publicity is moot as the public knows that they will do anything they want and no one can really stop them. The banks will hold onto their blood money.

See what many of these same members of Congress said earlier on C-Span:

http://www.youtube.com/watch?v=_MGT_cSi7Rs

http://www.youtube.com/watch?v=Lr1M1T2Y314&feature=related

Or, you can read it:

http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260

http://query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575AC0A9659C8B63

Screw the investment bankers and screw credit. We need to stop running successful businesses using massive day-to-day borrowing. What happened to the idea of a debt-free, asset-backed company?

It's time to kick the moneylenders out of the temple, guys and girls...so to speak...