Wall Street protests

What "moral credibility"?

WALL ST OWNS DC & RCC ..........Thanks, Maureen. Wall Street bankers feed both DC politicians and the Catholic hierarchy very amply and are well rewarded for their contributions, mainly in their joint efforts at keeping the tax rates on high earners and investment income at historically low effective tax rates. The corrupting Wall Street contributions to DC politicians are now finally getting some long overdue media attention, although I don't expect to hear much about this any time soon from your colleague, Michael Sean Winter, or the right wing cabal that appears too often to feed him stories, etc. Wall Street's coopting of the bishops still is mostly a dark secret, even though many of the heavy hitters in the major Catholic donor groups, including Knights of Malta, FADICA, Opus Dei, LEGATUS, et al., are present or past Wall Street bankers or their beneficiaries. A mere $ 1,000,000 contribution can often lead to saving several million dollars of taxes by keeping the lower Bush tax rates in place longer..................For more info on how this actually works and some info on even the pope's role here, please see the comment "FARCE OR PLOY?" under Dennis Coday's recent article accessible by clicking on to http://ncronline.org/news/politics/bishops-aim-protect-religious-liberty . ..............Perhaps one of the most egregious cases that shows the power of Wall Street, that no matter how reckless bankers behave and no matter how many ordinary peoples' lives and assets are destroyed as a result of Wall Street's many greedy gambles with other peoples' money and taxpayer funded bailouts with no conditions attached, is that of Lehman Brothers' former No. 2 executive. Many, if not most, financial experts agree the near depression of 2008 was triggered by the bankruptcy of Lehman Brothers as a result of Lehman's numerous reckless financial gambles and many questionable accounting gimmicks. The larger insurer, AIG, financially related to Lehman, avoided bankruptcy in 2008 only because the US government gave AIG almost $200 billion (that's right $200 billion) of taxpayer money to bail it out. Shortly after, the US government permitted the long time former Vice Chairman and No. 2 executive of Lehman, who was calling (badly) many of the shots at the time of the Lehman bankruptcy, to become the No. 2 executive at AIG. Are you kidding? ......... US Catholic voters are sadly too often clueless about how Wall Street bankers, DC politicians and US bishops really operate, while bankers, politicians of both parties and their bishop facilitators laugh all the way to the bank. Wake up, please, your Church contributions, tax payments and your pocketbook are being picked on a regular basis.

The protesters [with my joining them] should push for a Transaction Tax of half a penny on all sell and buy orders of stocks and bonds. This brings in 150 -200 billion a year. A cup of coffee is taxed at 8%. So why should traders and spec guys get to trade millions in a micro second with no tax cost?

Once again we hear from a woman who from the age of eighteen has not had to worry about housing, food or health care. She has no idea how hard the average American has worked to achieve the Americcan dream They succeeded thanks to the system of Capitalism. Let's create class warfare, which will solve all of our problems. If I remember correctly. in 2008, Ms Fiedler said Obama would solve all of our problems.

It's really uplifting!

A new generation is caring for the future. And not only in the US: in the West, the youth movement started months ago in Puertas del Sol, the main square in Madrid, Spain. And keeps moving and growing - peacefully. The American Nobel in Economics Joseph Stiglitz was one of the many personalities who went to the square to show them his support. They are now very well organized, but Stiglitz told them that they needed to have a program, that just protesting is not enough. The movement is spreading already to other European countries.
The inspiration and the organization methods came, of course, from the Arab Spring,that started in Tunisia and, like a snowball, rolled into Cairo (Egypt), with enough force to depose a entrenched and powerful dictator. And afterwords mooved into Israel. Peace and a new economic paradigm are now in the hands of young people. We must hope they will suceed where the older generations have failed. Let's pray for them all.

“Ann Pettifor, who has previously led the Jubilee 2000 and Operation Noah campaigns, did not pull her punches: “We are living in the most usurious age ever, and the Churches’ silence has been complicit in that … The Church has failed to condemn the despotic power of interest”, despite the Bible’s denunciation of usury.” (The renowned activist was speaking during a conference entitled “Sustainability in Crisis”, held last week at Murray Edwards College, Cambridge).

Please read the very important article about the event available in:

http://www.thetablet.co.uk/article/161819