Wednesday, July 30, 2014

Wall Street Promoting Leaving to Avoid Taxes......

The same Wall Street banks who (just a few years back) BEGGED the US Taxpayer to bail them out of all their horrendous decisions. 

The same Wall Street banks who demanded (and received) deregulation so they could make those horrendous decisions in the first place.

The same Wall Street banks who took the US Taxpayer bailout money and then used it to pay ridiculous corporate bonuses….Bonuses to celebrate all their terrible decision making……

http://dealbook.nytimes.com/2014/07/28/banks-cash-in-on-mergers-intended-to-elude-taxes/?_php=true&_type=blogs&_r=0#

Those same folks are now working harder than ever to finish destroying the US Economy.

The best advise these folks can give (their clients) is to move out of the United States to avoid paying US taxes.

Companies hate paying taxes. Taxes are the worst thing ever.

But those same companies love when tax money is used to bail them out. It is like collecting insurance coverage, but never paying any premiums. What a great deal that is…..for them

These folks want you to understand they “love America”. That clearly shows in their actions.

JP Morgan is front and center in these efforts of destruction. The same JP Morgan that has paid over $25,000,000,000.00 to settle fraud charges.

http://blogs.wsj.com/moneybeat/2014/01/07/j-p-morgan-adds-1-7-billion-to-its-25-billion-plus-tally-of-recent-settlements/

The same JP Morgan that brought you the “London Whale” scandal.

Yes when it comes to a stellar reputation, JP Morgan rises high above the crowd.

Al Qaeda terrorists sit in caves marveling at the success Wall Street Banks have at tearing the US economy apart. Terrorists waste time with guns and bombs when all they really need is a job on Wall Street. Terrorists wish they could inflict the kind of destruction companies like JP Morgan are able to inflict. Plus Wall Street banks make it look so easy. Terrorists must be so jealous.

These banks love to point out they are not breaking any laws. That is the wonderful part about deregulation. There are no laws. First they demand the laws be removed. Then when there are no laws they gleefully point out they are not technically doing anything wrong.

To fix the problem Congress could easily reregulate. Will they? Of course they won’t. Which is why congress has a 7% approval rating.

What they will do though, is tell you they need to cut lots of programs. They will tell you there is just not enough money so things have to be cut…...Sorry. They will tell you this as they wink at the JP Morgan (and Goldman Sachs) executives.

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home