Super-Rich CEOs are killing your retirement

[abelenkpe]

Super-Rich CEOs are killing your retirement

Commentary: 11 reasons bankrupt Reaganomics ideas are leading to collapse

Paul B. Farrell
http://www.marketwatch.com/story/super-rich-ceos-are-killing-your-retirement-2011-04-05?pagenumber=1


Suddenly the boss of $2 trillion J. P. Morgan Chase is our newest “Dr. Doom.” Last week he was preaching his mantra to the U.S. Chamber of Commerce choir, warning that financial reforms would be a “nail in the coffin for big American banks.”

Nail in the coffin? Yes, and that’s exactly what the American public wants. Stuff Wall Street’s Vampire Squids back in their coffins, nail the lids shut, bury them forever.

Seriously, nationalize our incompetent Super-Rich Banks. We made a historic mistake not doing it in 2008. Should have let the vampires go bankrupt, reinstated Glass-Steagall. Instead we sat passively letting our double-dealing Treasury Secretary, former Goldman boss Hank Paulson, protect his Wall Street cronies as he conned Congress and taxpayers into making the worst economic blunder in American history, bailing out Wall Street’s “too-greedy-to-fail” banks.

Warning: Soon our Super-Rich Vampires will sink the economy deeper than 2008.


(more at link)

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Enjoy?

[RagAss]

1. We must like it. We let them do it whenever they want.

[Doctor_J]

2. Really? Hannity told me it's teachers that are killing it

and a lot of DUers are lapping that shit up.

[abelenkpe]

3. Really DUers

think that teachers are to blame too? That really bites. :(

[Doctor_J]

5. Check out this thread

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x806463

[underpants]

4. The ultra rich don't fear a meltdown- they have enough money to hire Xe (nee Blackwater)

who got the seed money to not only create the "workforce" needed to protect the ultra-rich but also has evolved itself into a necessity. We don't train helicopter mechanics or cooks like we used to it is all "outsourced" (draining the budget with private profit) and so has "security". Dick Cheney is the overlord of the security industry as well as his minions who soak up expense as advisors. The rich can protect themselves and that doesn't include 95% of people that see them on a daily basis, the Executive VP aren't in the plans and they are not prepared like the top echelon is.

ON a much less serious note - I think that golf courses are buffers, free fire ranges if you will. But then with the kind of money they are making they won't even be here they will be in countries where the locals are used to not storming the hill.

[librechik]

6. think about it: these rich SOBS have been simmering in FURY for years

that ordinary working class Americans might not be cowering in fear before their financial betters. They then used all their enormous power (and every bullying and psyops trick in the book) to return our status as humans to "normal: i.e., abject unquestioning slavery to the bosses. Then they get a myriad of cunning state and federal legislation passed to make it impossible for the working class to fight back. Then they get everybody with an R next to their names, even the poorest, to go along with their plan.

BRILLIANT!

:puke: