Well duh, of course there is, but the corporate media will never mention it or allow it to be brought up.
that's a short, concise, accurate description of the way the US financial system works.
I've wondered about this. Ever since Mitt Romney's solution to the 2008 Recession was to do nothing and allow those with money to buy up the properties average Americans were losing because of the crash.
Mitt Romney? Mitt was a failed Presidential candidate in 2008. He wasn't a governor. He wasn't a senator. He had no political power. What in the world does Mitt Romney have to do with anything?
@RussRAB If you are talking about the auto industry bailout of 2008, Romney was against using US Taxpayer money to bail out the stockholders of GM, Ford, and Chrysler. The stockholders in those companies should have lost their investments, the bondholders should have been repaid a portion of their principal, and the companies should have been restructured. That's the way corporate bankruptcies work. Instead, the US taxpayer was forced to come in and prop up those companies for the benefit of auto company stockholders.
Steal from 401Ks too!
Reminds me of a report about trump after the 2016 election. He decided he wanted money from his campaign (or was it from his inauguration celebration fund) and decided he wanted to pocket it. Chris Christy informed trump it was illegal to access that money for his personal gain, so trump fired Christy and ... well, the rest is history being revealed today. Wherever they see money, they want it whether they should be allowed to access it or not.
Could you explain how money was stolen from 401Ks?
@BD66 run economy into recession, stock market drops precipitously, 401K value drops, rich scoop up lower value stocks. It was designed to be this way.
@Killtheskyfairy That's more the brave and the rational profiting at the expense of the cowardly and the irrational.
Posted by UnityNo one is born a racist.
Posted by CommunistbitchGuys this is leading to a dictator to lock you in the country. Presidential authority to lock down the border in an "emergency " Like hyperinflation. Who can't see this coming?
Posted by CommunistbitchThis guy seriously thinks Minnie Mouse is real, so much for atheist intelligence!!!! If Minnie Mouse is real, then God is real, checkmate dumbfuck!!!!!
Posted by CommunistbitchAtheist woman versus Christian woman
Posted by CommunistbitchAtheist woman versus Christian woman
Posted by CommunistbitchWe must not allow people to work!!!!! Work= the devil!!! Working is bad!!!!!
Posted by CommunistbitchThis dumbass thinks we have inflation, inflation?
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Posted by William_MaryIf You Wish Someone a Happy Memorial Day, You Fail to Understand Its True Meaning The mythology perpetuated at Memorial Day benefits no one save the militarists and war profiteers.
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