Bankers get $4 Trillion gift from Barney Frank - HR 4173

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John99's picture
John99
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Bankers get $4 Trillion gift from Barney Frank - HR 4173

"Hunkering down by the fire, I snuggled up with H.R. 4173, the financial-reform legislation passed earlier this month by the House of Representatives. The Senate has yet to pass its own reform plan. The baby of Financial Services Committee Chairman Barney Frank, the House bill is meant to address everything from too-big-to-fail banks to asleep-at-the-switch credit-ratings companies to the protection of consumers from greedy lenders.

....Instead, it supports the biggest banks. It authorizes Federal Reserve banks to provide as much as $4 trillion in emergency funding the next time Wall Street crashes. So much for “no-more-bailouts” talk. That is more than twice what the Fed pumped into markets this time around. The size of the fund makes the bribes in the Senate’s health-care bill look minuscule.

http://www.bloomberg.com/apps/news?pid=20601039&sid=a48c8UpUMxKQ

And the screams of the people fell upon deaf ears.

LogansRun's picture
LogansRun
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Re: Bankers get $4 Trillion gift from Barney Frank - HR 4173

It's no longer viable for "screams" to make the difference.  Eventually and unfortunately the public is going to come to the conclusion that Pitch Forks will become the necessary answer.

Davos's picture
Davos
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Re: Bankers get $4 Trillion gift from Barney Frank - HR 4173

Don't let reality ruin your day.

On Our Own's picture
On Our Own
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Re: Bankers get $4 Trillion gift from Barney Frank - HR 4173
LogansRun wrote:

It's no longer viable for "screams" to make the difference.  Eventually and unfortunately the public is going to come to the conclusion that Pitch Forks will become the necessary answer.

The people did not rise up during the first depression when their children were actually starving to death and dying of dust pneumonia,  the suffering now is less wide spread and generally hidden from view.  The people will only rise up when they have nothing left to lose and they still believe there is something to lose.  It may only be the illusion of safety and security,  but as long as they believe they will not give up their security blankets.

Thomas Hedin's picture
Thomas Hedin
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Joined: Jan 28 2009
Posts: 815
Re: Bankers get $4 Trillion gift from Barney Frank - HR 4173

It's no longer viable for "screams" to make the difference.  Eventually and unfortunately the public is going to come to the conclusion that Pitch Forks will become the necessary answer.

I'm sorry but I can't agree with that.  The real solution (and the only one) is for the people to start putting enough pressure on their legislators to pass laws that benifit the people and dismantle the money power.

JAG's picture
JAG
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Joined: Oct 26 2008
Posts: 2492
The Fear Fruit Bearing Tree

This little poem seams relevant to this topic:

The Fear Fruit Bearing Tree by Grayson Capps (mp3)

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