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A great site, WallStreetWatch.org has issued a seminal report on why we’re in the situation we’re in and who got us here
Posted By admin On 12. April 2009 @ 08:30 In Uncategorized | 1 Comment
WallStreetWatch.org is a great site that is trying to inform you, the public, about what is going on in Washington in regard to Wall Street, and what is going on on Wall Street itself.
WSW has issued a great report, "Sold Out: How Wall Street and Washington Betrayed America" that you can access [1] here as 3MB .pdf file that goes into great detail about what politicians did to enable the current collapse to happen (including many of the things that Bill Clinton did–unfortunately, many Democrats seem to think that the problems didn’t start until W. came to power, but nothing could be further from the truth), what Wall Street did to make it happen, and, perhaps most interestingly of all, which FiServs, Banks, Insurance companies, etc. contributed how much to which politicians over the last 10 years.
I spent a fair bit of time looking at the contributions by these companies to Obama, and it’s not hard to understand why his team is going relatively easy on these guys (and if you think that the banks are getting rough treatment from the gov’t, just look at the UK, where things are being done much more sensibly) when you see how beholdened Obama et al. are to these institutions.
Definitely try to read this report and support WallStreetWatch. It’s doing a great job in its efforts to keep the light focused on these nefarious financiers and it needs to continue doing so on our behalf.
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[1] here: http://www.wallstreetwatch.org/reports/sold_out.pdf
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