Corporate Socialism

Jim Quinn has some blunt comments about the repeated bailouts of the finance sector.

The 2008/2009 crisis, created by the Fed and their Wall Street banker proprietors, was used by the powers that be to abscond with trillions in national wealth, while further enslaving senior citizens in poverty and forcing the working middle class further into debt servitude. Bernanke, Yellen, Geithner and a myriad of other banker flunkies have been richly rewarded for their traitorous actions by their Wall Street brethren, with tens of millions in compensation for their duty and honor to the cabal.

The men who created the 2008/2009 global financial collapse through their mortgage fraud scheme, used fear and panic in the markets to force the feckless pathetic bought off congress apparatchiks to pass TARP and dozens of other ridiculous “bailout bankers” schemes to provide a façade of recovery. There was never a recovery. The unpayable debt was papered over with trillions more of unpayable debt, until something snapped in September 2019.

The taxpayer bailout of Wall Street should have been called No Banker Left Behind. The mind-boggling amount of debt issued over the last decade in order to rectify a problem created by issuing a previously mind-boggling amount of unpayable debt over the previous decade has become so large, the average person can’t comprehend the implications or consequences.

Corporate executives who recklessly loaded their companies with debt, while utilizing the proceeds to buy back their own stock, in order to boost their stock price and outrageous compensation packages, left their companies vulnerable to an entirely predictable downturn. After frittering trillions away on their overvalued stock, they now demand bailouts from the taxpayer, and their spineless captured congress lapdogs have obeyed their corporate masters. The 96 – 0 vote in the Senate is truly a disgusting example of the corporate fascist One Party system that reigns in the swamp. Corporate socialism is alive and well.

Only in a suicide cult, which our country has become, would the majority support and cheer for a corporate lobbyist written $2.2 trillion 873-page windfall to bankers, connected mega-corporations, and every special interest imaginable.