There's something wrong with our financial system:
There's something wrong when investment banks are sued for fraud one day and the next announce that they are giving over 4 billion dollars in bonuses.
There is something wrong when a bank can take your money, pay modest interest to use it, then gamble with it, and when they lose, you have to pay for their losses with more of your money.
There's something wrong when corporations can act like people to give political gifts but to be not-people when liability claims arise.
There is something wrong when corporate executives make huge salaries and bonuses running corporations but when systemic criminal activity is revealed they claim to have no knowledge of what the corporation was doing.
There is something wrong when people (corporations) can give so much money to politicians that they can influence the very laws and regulations that affect them. There is something very very wrong when they can write their own laws. This warps and damages our very democracy.
There is something wrong when laws can be changed by corporate influence to reduce or eliminate oversight or regulation of those same companies.
There's something wrong when the Daily Show is one of the best sources to explain the causes of the financial crisis we are now in.
There is something wrong when bankers can market products they know are faulty - and not only that, there is something terribly wrong when they can then bet against the products they sell and make money when they do fail.
There is something wrong when those bankers get bonuses instead of prison time.
There is something wrong when financial leaders take government jobs to regulate (or de-regulate) the very companies they had worked for. Especially when they then return to those same companies to reap the rewards of the laws and regulations they have created or changed.
There is something wrong if we don't all work to fix this.
There is something wrong when - well, what do you think?
Tuesday, April 20, 2010
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