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Dick(s) of the Week

02 Dec

The Toph man asked me if I could do (what is likely to be the 1st of a few, there seems to be an abundance of ), Dick(s) of the Week today. It seems he’s gotten himself involved with this thing called a job,— which periodically takes up quite a bit of his free time, apparently. Sounds like a nasty business to me, I’m glad I’m not involved.

Luckily, I didn’t have to look much further than this article that comes from  Richard RJ Eskow’s blog. It actually provides several D of the W’s all in one fell swoop.

The Greatest Hoax in the History of Money: The Fed, The Banks, The Lies

Just a couple of examples……..

>It took the journalists at Bloomberg News two years – and presumably lots of legal fees – to pry information out of the Federal Reserve that should have been made public long ago. We now know that the Fed’s secret $7.7 trillion lending program wasn’t just the most massive bank bailout ever seen, and it wasn’t just free money for mega-bankers – though it was certainly both of those things. It was also the greatest hoax in stock market history.<

Robert Rubin made an estimated $155 million during his tenure at Citigroup.

One in four mortgages in this country is still underwater.

Brian Moynihan at Bank of America got promoted, then made that ‘homework’ wisecrack.

Twenty-four million Americans are un- or under-employed, including record numbers of young people and African-Americans.

The CEO of Goldman Sachs , Lloyd Blankfein, still has his job.

Poverty has soared to record levels since the financial crisis.

Erin Burnett, who made fun of a young demonstrator for not being aware of the misinformation she had repeated, still has an evening news program on CNN. She is engaged to be married to a Citigroup executive.

College graduates’ unemployment rate rose last month, while the total amount of student loan debt in the United States is now greater than the total amount of credit card debt.

Jamie Dimon made a second career out of complaining that bankers are being unfairly criticized, even as Chase became the largest bank in the United States – and the world.

Jefferson County, Alabama, where Chase was forced to settle charges of bribing local officials, recently declared bankruptcy.

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Posted by on December 2, 2011 in Economy

 

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