The best candidates special interest money can buy. What a coincidence. Didn’t these two guys just voted “Yea” for the bailout? Yea!
It is interesting to denote that Lehman Brothers (you know, the Bank that was done for like 2 weeks ago) tried to “bail” themselves out with supporting BOTH candidates. It seems that this was a bribe that was thrown away for nothing. I wonder where Transparency International (NGO fighting corruption) is at? Haven’t they heard about this? Are they informed? According to TI, bribery is extremely common. In some countries the culture of corruption extends to every aspect of public life, making it extremely difficult for individuals to stay in business without resorting to bribes. This description is meant to apply on former Soviet States and developing countries mostly, but it would only be fair game to argue that this also is the case with United States of A. Accordingly, if a bank or a company wants to stay on top they have to become sc. “superdonors” for the candidates in the political game; i.e. you have to bribe your way up so you can get close friends up on Capitol Hill.
Of course, these Banks and private businesses should have the right (as any other form of organization or individual) to endorse whatever candidate they like. But if it is clear case that it is absolutely not about politics but about some sort of “I scratch your back and you scratch mine”- logic it is just way out of control. This is well exemplified with that Lehman Brothers, a company on the edge of bankruptcy, choose to endorse BOTH political candidates. Instead of using those $500 000 in saving their company by doing their business fair and square – or helping their clients who actually trusted and invested in them in the first place – they used $500 000 trying to win some friends up on Capitol Hill that would bail them out. Is it only I who thinks this is obnoxious? The system seems to be built on that a free market only applies if you are a small entrepreneur – NOT if you want to rise and shine. Then you have to have a direct contact with the Government. How could any sane person call THIS a FREE market?
I got it from Ron Paul’s Campaign for Liberty Website. You can also check http://whitehouseforsale.org . It has the lobbyist bundlers for all the 2008 presidential candidates.
Obama:
Goldman Sachs $739,521
UBS AG $419,550
Lehman Brothers $391,774
Citigroup Inc $492,548
Morgan Stanley $341,380
Latham & Watkins $328,879
Google Inc $487,355
JPMorgan Chase & Co $475,112
Sidley Austin LLP $370,916
Skadden, Arps et al $360,409
McCain:
Merrill Lynch $349,170
Citigroup Inc $287,801
Morgan Stanley $249,377
Wachovia Corp $147,456
Goldman Sachs $220,045
Lehman Brothers $115,707
Bear Stearns $108,000
JPMorgan Chase & Co $206,392
Bank of America $133,975
Credit Suisse Group $175,503
I won’t cuss on my website, but I will on yours!!
This shit makes me ill.
lol, amen to that sister!
We’ve created some strange spawn of “no-risk-capitalism” where you privatize profit (you get your money) and socialize losses (you pass the bill over to the taxpayers).
What are we going to do?
What can we do?
move to another planet and colonize it with only smart people like us!
As I said before..I’m looking forward to the populating- part
Dear Tegis the pervert,
Do you think that now that the governments are buying up all the banks we should begin calling each other “Comrade”?
What say you?
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Haha, well – no. Sure, America has bailed out a lot of private corporations and will continue to do so. But on the other hand, I take it for granted they are not entire morons. Part of why we won’t get another Great Depression is because we learned our lesson. It couldn’t happen again precisely because policymakers know this history. Fed Chairman Ben Bernanke is a student of the Great Depression. Treasury Secretary Henry Paulson remembers the mistakes of Andrew Mellon, Herbert Hoover’s treasury secretary.
But, let me point out – they OUGHT TO know their lesson. If they don’t = we’re screwed basically.
Hopefully, these are only temporary measurements taken in time of this crisis. Bad thing is that this probably will prolong the crisis and push a harder blow on to the future – according to all possibilities in around 10-15 years if we get rid of this crisis in a normal speed (about 3-5 years).
We’ll be back in no time. Scary scenario though, if Obama is not bluffing and really hates trade as much as he pretend he does (and that it is not only a bone to chew on for the radical hippie-left) then he can really throw us all in some economic depression because then will not only the US economy suffer, but also the world economy – since the Americans and their wallets are more or less the fuel for the engine.
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