The United States Constitution: Amendment I. Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the
Click here to donate to the Food Committee sending fruit, bread and peanut butter down to the protesters who are occupying Zuccotti Park. Food will help people who want to keep up the Occupy Wall Street effort in New York City going on a full
The Center for Responsive Politics just released its list of the Top 10 biggest contributions by private individuals to Section 527 political groups in the 2nd quarter of 2010. Rounding out the list: #10 Peter Ackerman, former Wall Street investor and now in the leadership
The thought that occurred to me most strongly is that the relative ethical worthiness of these corporations can’t be adequately judged with just a couple of different numbers describing limited aspects of their performance. On the other hand, it’s important to remember that each and every one of these corporations, even Capital One, has set itself apart by coming to the government with cap in hand, begging for money.
It’s bad enough that business journalists follow the Dow Jones Industrials Average as if it is a general economic indicator. If they’re going to make that mistake, the least they could do would be to stop pretending that they know why the price of the stocks in that index are really going up or down at any particular time.
Having public scrutiny over the practices of financial firms is a good thing. Allowing them to keep their mismanagement hidden is what got us in this trouble in the first place.
An insurance company like AIG can be recreated. Coral reefs, once they’re destroyed, may not return for millions of years, if they ever come back. So, why is AIG getting such a big bailout, while NOAA, which protects the world’s oceanic resources, is getting a mere pittance?
The Bible does have a few things to say about money in general: Pay your taxes (rendering unto Caesar) and you can’t trust rich people (the eye of the needle, a camel, and heaven).
The Systematic Foreclosure Prevention and Mortgage Modification Act looks like a plan that could responsibly protect our nation from true economic disaster. But will it have the lobbyists required to gain passage?
It’s as if the bailout money was taken to support the wealth of a very small number of people who already had plenty of money to spend, instead of being used to help the overall system upon which most Americans depend. Yes, I’m getting a very as if feeling about this bailout.
This protest is about a lot more than just the Republic Windows and Doors company and the Bank of America failing to meet their obligations. It’s about the way that America has been cheated even while Wall Street has gotten billions and billions in bailouts.