Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Octafish

(55,745 posts)
40. Bernie who?
Thu Dec 17, 2015, 11:53 AM
Dec 2015

Don't recall him mentioned on the tee vee much.

Here's something not mentioned at all -- how the rich get richer, thanks to Wall Street-on-the-Potomac getting rid of Glass-Steagall:

When the law was no more, the Banksters used the deposits on all sorts of risky investments that crapped out. Then, the taxpayers got to make the Banks whole and even gave the Banksters a bonus.

The repeal of Glass-Steagall in 1999 spelled disaster in the 2008 Bankster Bailout. The Democratic president who signed it into law was working in a spirit of bi-partisanship with his Republican Senate colleague to encourage new areas of banking by deregulating the financial industry cough gutting the New Deal protections of the Wall Street casino from using taxpayer-backed bank deposits.

See if you can spot some familiar names on this list:



They now work together at UBS -- which received uncounted billions in bailout money -- to specialize in some kind of "Weath Management."

Forensic economist and former Fed regulator William K. Black wrote it reminds him of what happened during the Savings and Loans Crisis of the late 80s and early 90s. At the time, that was the greatest bank heist in history.

Some of why DUers and ALL voters should care about Phil Gramm.

The fact the nation's "news media" don't should also be of great concern.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Considering the issues we are seeing in the Democratic Party Contest Trajan Dec 2015 #1
It certainly follows from what we know about her and her money people. Elmer S. E. Dump Dec 2015 #3
This isn't LBN. Bubzer Dec 2015 #2
This info is that old, really? So the purpose of posting it now would solely be to randys1 Dec 2015 #4
It's dated today - and I never saw the other ones. Elmer S. E. Dump Dec 2015 #5
He throws some praise Bernie's way, but he's very in-the-tank for Hillary. Bubzer Dec 2015 #15
Then he's no better than the other billionaires Elmer S. E. Dump Dec 2015 #19
You'll get no argument from me on that point. Bubzer Dec 2015 #21
Wha'? Buffet announced that he'd appear with Clinton today way back in September? Damn, that's... George II Dec 2015 #8
This is intersesting.... Elmer S. E. Dump Dec 2015 #6
I think they mispoke VanillaRhapsody Dec 2015 #7
Thank you, Mr. Buffett. Beacool Dec 2015 #9
Of course - another 1%-er. 840high Dec 2015 #11
Who employs thousands of people through his various companies. Beacool Dec 2015 #12
So does Wal-Mart. 840high Dec 2015 #18
Right, what a nonsensical answer. Elmer S. E. Dump Dec 2015 #20
The "Job Creator" meme is back. arcane1 Dec 2015 #28
Yes, they do. Beacool Dec 2015 #34
Uh huh. uberblonde Dec 2015 #22
Another Entrenched Establishment endorsement... SoapBox Dec 2015 #10
My favorite billionaire bluestateguy Dec 2015 #13
Let's remind some folks................................. turbinetree Dec 2015 #14
ty 840high Dec 2015 #17
Thansk......................... turbinetree Dec 2015 #26
Yup, Chapter 3… he just bought 1/2billion in Suncor Tar Sands…WTF? Hillary? ClimateChange matters? Agony Dec 2015 #24
AGREE...................................... turbinetree Dec 2015 #25
links Agony Dec 2015 #29
N problem............................... turbinetree Dec 2015 #30
That was one of the best reads of the decade for me. Every other page is dog-eared n/t arcane1 Dec 2015 #27
... Agony Dec 2015 #32
I have not! Thanks for the recommendations!! arcane1 Dec 2015 #35
All Right! Agony Dec 2015 #37
I'm actually having a cheap Cabernet but DU doesn't have a wine smiley :) arcane1 Dec 2015 #38
Of course one member of the 1% is backing another member of the 1% RoccoR5955 Dec 2015 #16
Best friends stick together. 840high Dec 2015 #23
Buffett gives stamp of approval to Climate Change..."Warren Buffett keeps the faith in oil sands" Agony Dec 2015 #31
Eleanor Roosevelt should be on that stamp. AngryAmish Dec 2015 #33
Trickle Down has been very, very good to Warren. Octafish Dec 2015 #36
Well said, as always. forest444 Dec 2015 #39
Bernie who? Octafish Dec 2015 #40
It figures that the Dixiecrat that crashed the U.S. economy also work for that money laundry, UBS. forest444 Dec 2015 #41
Dean Henderson names more names that I can. Octafish Dec 2015 #42
Latest Discussions»Latest Breaking News»Warren Buffett to give st...»Reply #40