Monday, June 6, 2011

REPOST: Who are the REAL Robber Barons?

While I am down after arm surgery and can't type, I am recycling some posts from a year ago.

This from 6 June 2010:
An interesting point from the folks at Corrente:
Per President Obama on 27 May 2010: “What’s also been made clear from this disaster is that for years the oil and gas industry has leveraged such power that they have effectively been allowed to regulate themselves.”

Well, the banksters have "leveraged such power that they have effectively been allowed to regulate themselves." Then they crashed the economy, squeezed the taxpayers for the largest transfer of wealth in world history, and the same people are still in charge, and the big banks are bigger than ever. That is a mighty FAIL, and just as mighty as Deepwater Horizon. So why the double standard?

Are Goldman and JP Morgan really all that different from BP? Why?

I mean, say what you like about the oil companies, but they actually deliver oil that people use, a tangible product. They didn't inflate a huge financial bubble based on phony paperwork and accounting control fraud, and then loot the wreckage when the bubble burst, either.

To answer the question posed by the title of this post, obviously both the Banksters and the Oil Companies are culpable for their respective disasters.

Oh, and I do know what the answer is to preventing these types of rape and pillage. Just follow this advice:

I can’t help but think that if we so-called “mature” people would ALWAYS guide our actions by the credo, “Is this good for the children?” then we’d all be much better off. Especially the children.


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