Wednesday, March 11, 2009

The robbers are still loose in the vault

By far the most effective way to rob a bank is to own one.

The banking industry, even after all of the demonstrations that they are as greedy and foolish with money as any yokel whose tax money they now extort, are still asking for more money.  The most important thing to be done is really do what Ben Bernanke has at least said should be done: establish regulatory oversight of these captains of cupidity.  As welcome as a chaperon at a teenager's drinking party perhaps but we really need adult supervision of the bankers.

Firedoglake has got a campaign going specifically targeted at countering the influence of the bankers on YOUR congress.  Those banks took billions from us already and quietly spent millions to influence congressional voting.  That would earn the bastards jail time if I ran this country.  Sign the petition to demand that congress end the era of blindly trusting a key actor in our well being who has uniformly demonstrated they cannot be trusted.  And better yet, instead of sending all your money to the dupes in the legislature, send $10 or $20 to FDL's counter-lobbying effort.  Not many seem able to stand up to an industry that has taken our deposits, then a trillion for bailouts and has designs on a trillion more...enough already!  I have put my money where my blog is.  Your turn.

UPDATE: I find I am not the first to have realized how vulnerable the trusting depositors and investors are.  I hope Mr. Black will take it as a complement that strong agreement with his thesis is a natural reaction to the treachery of the intriguers of high finance who realized that vulnerability long before you and I, long before Mr. Black and long before the incompentents who cheered for deregulation of finance.  

No comments: