Evil in Wall Street
Wall Street businesses are run by rich people but not by ordinary workers.
In principle, what is good for Wall Street businesses is good for rich people but not necessarily for poor people. Rather, the more Wall Street business becomes evil, the more ordinary workers suffer.
It is also unclear how much profits they can earn or how much loss they may incur in Wall Street.
6 Shocking Revelations About Wall Street's "Secret Government"
Top officials willfully concealed the true extent of the 2008-'09 bailouts from Congress and the public.
November 30, 2011
- The secret Wall Street bailouts totaled $7.77 trillion, 10 times more than the $700 billion Troubled Asset Relief Program (TARP) passed by Congress in 2008.
- Knowledge of the secret bailout funds was not shared with Congress even while it was drafting and debating legislation to break up the big banks.
- The secret funding, provided at below-market rates, gave Wall Street banks an additional $13 billion in profits. (That’s enough money to hire more than 325,000 entry level teachers.)
- The secret loans financed bank mergers so that the largest banks could grow even larger. The money also allowed banks to step up their lobbying efforts.
1. The big banks and hedge funds were in much more trouble than we were led to believe.
2. Wall Street’s secret government made sure the largest banks would grow even larger, aided by the secret funding.
3. The bigger Wall Street becomes, the more government it can buy.
4. Wall Street’s secret government protects its own.
5. Wall Street is a clear and present danger to democracy.
6. Occupy Wall Street is fundamentally correct, but we need more.
Before the Occupy Wall Street got into gear in this September, parties concerned were really reviewing how much money in fact FRB infused into Wall Street.
Wall Street Aristocracy Got $1.2 Trillion in Secret Loans
By Bradley Keoun and Phil Kuntz - Aug 22, 2011 9:19 PM GMT+0900
Citigroup Inc. (C) and Bank of America Corp. (BAC) were the reigning champions of finance in 2006 as home prices peaked, leading the 10 biggest U.S. banks and brokerage firms to their best year ever with $104 billion of profits.
By 2008, the housing market’s collapse forced those companies to take more than six times as much, $669 billion, in emergency loans from the U.S. Federal Reserve. The loans dwarfed the $160 billion in public bailouts the top 10 got from the U.S. Treasury, yet until now the full amounts have remained secret.
Fed Chairman Ben S. Bernanke’s unprecedented effort to keep the economy from plunging into depression included lending banks and other companies as much as $1.2 trillion of public money, about the same amount U.S. homeowners currently owe on 6.5 million delinquent and foreclosed mortgages. The largest borrower, Morgan Stanley (MS), got as much as $107.3 billion, while Citigroup took $99.5 billion and Bank of America $91.4 billion, according to a Bloomberg News compilation of data obtained through Freedom of Information Act requests, months of litigation and an act of Congress.
http://www.bloomberg.com/news/2011-08-21/wall-street-aristocracy-got-1-2-trillion-in-fed-s-secret-loans.html
And now some citizens come to know that Wall Street is so evil that American justice cannot easily penetrate into every corner and every office in Wall Street.
WEDNESDAY, DEC 7, 2011 6:00 AM
Why no one’s investigating Wall Street
The government finds money to crack down on food stamp "fraud." If it wanted to go after finance crooks, it could
When it comes to our government’s collective refusal to aggressively investigate — much less prosecute — Wall Street crime, one prevailing line of apologism implies that it’s all about resources. As the general fable goes, Wall Street is so sprawling and so lawyered up that public law enforcement agencies simply don’t have the resources to make sure justice is served, especially at a time of budget deficits. In this story, Wall Street is not simply too big to fail; it’s too big to even police.
The motivation for such myth-making is obvious: It wholly absolves elected officials for their decisions to let their financial-industry campaign contributors off the hook. Yet thanks to recent events, the whole “Too Big to Police” rationale is being exposed for the farce that it is.
...However, just because a revelation is difficult or jarring doesn’t make it untrue, nor does it justify suppressing the truth. For only when we see those larger truths can we contextualize governmental decisions and understand that when it comes to law enforcement, almost everything is happening on purpose.http://www.salon.com/2011/12/06/why_no_ones_investigating_wall_street/
(to be continued...)
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If you see only ordinary people in your community with your own eyes, you might be at least so connected to reality in a real term.
But if you see rich people, very rich people, and super rich people on TV through TV cameras, you might lose a sense of connectivity to your real community. You will be enticed to be a secondary part of the rich world. In other word, you belong to Wall Street at the lowest level.
(Truly, CNN broadcast viewed in Japan via cable TV looks liker serving this purpose.)
But, even in 2000 years ago when there was no Wall Street, people got bad and so bad in and around Jerusalem. Without TV, evil spirits could exert their influential power of ancient Israelites. Conversely, the state of Jerusalem 2000 years ago must have been worse than the state of Wall Street of today. And, that is why Christ Jesus had to come to this world at the time.
Or, if the state of Wall Street today is so bad as it was in Jerusalem 2000 years ago, surely there will be surely the Second Coming of Christ Jesus soon.
Joh 12:13 Took branches of palm trees, and went forth to meet him, and cried, Hosanna: Blessed is the King of Israel that cometh in the name of the Lord.