Tuesday, November 29, 2011

American Airlines Bankrupt.


March 2011 American Airlines raises ticket prices…...Again! That is how your run a successful company by nickel and diming your customers until they stop flying your airline.


November 2011 American Airlines files for Bankruptcy. What a shocker……

Secret Loans To Wall Street


Secret Bank loans….. The way Capitalism is suppose to work. The banks say to keep the government away. Government is the problem not the solution. That is until the free bailout money is needed. Then just pile it high for the Wall Street Fat Cats. No regulations…..No Oversight. Just free SECRET money for Wall Street and friends. And people wonder why “Occupy” Wall Street is going on. Read this article and you will understand why it is going on. Did you get free low interest government loans in the Billions? Neither did any of the protesters….But JP Morgan sure did. Goldman Sachs sure did. Bank of American sure did. That is why they are protesting.

The Fed didn't tell anyone which banks were in trouble so deep they required emergency loans of a combined $1.2 trillion on Dec. 5, 2008

Bankers didn't mention that they took tens of billions of dollars at the same time they were assuring investors their firms were healthy.

Saved by the 2007-2010 bailout, bankers lobbied against government regulations, a job made easier by the Fed, which never disclosed the details of the rescue to lawmakers even as Congress doled out more money and debated new rules aimed at preventing the next collapse.

the secret funding helped preserve a broken status quo and enabled the biggest banks to grow even bigger.

Monday, November 14, 2011

Pelosi VS 60 Minutes‏

60 Minutes story -


Pelosi’s response -


"Tonight's report failed to note that the legislation in question in this story was reported out of the Judiciary Committee on October 3, 2008 — the day the House was consumed in passing TARP and also the last day the House was in session before the November election. It failed to note than in September 2008, the House passed the Credit Cardholders' Bill of Rights. In the next Congress, the House and Senate passed and President Obama signed the Credit Cardholders' Bill of Rights and the Dodd-Frank legislation, which included a stronger, more direct approach to addressing swipe fees."

None of this matters…..The issues is does Congress receive insider information that they then use to benefit themselves financially? The answer is yes they do. Nothing Pelosi says disputes the story. Congress is getting rich in a way that would put them in jail if they were anywhere other then Washington DC. They are passing laws which benefit their corporate donors and screw the rest of us. Corporate America benefits. Congress benefits. Everyone else is screwed.
That is why congress has a 9% approval rating.