Once upon a time the United States Government was being bribed and controlled by Wall Street. That time has not yet ended. From your local town mayor all the way to President Obama, the financial sector are in complete control. How? Lets go back a few years and I'll show you.
The Financial Crisis of 2007-2010 started with what we all know as the collapse of the housing bubble. People could not afford to pay for their homes (which banks were well aware of when giving out the loans, AKA Mortgage Fraud), and so banks failed, over 300 of them since the crisis began. Economy was affected on the international level. Jobs were lost. People lost there houses. Live's were destroyed. And then there's Goldman Sachs, who grew bigger during the depression then they were before it. Even better than that, the only one of there competitors left was a very brittle Morgan and Stanley, while Bear Sterns, Lehman Brothers, Merril Lynch, and other major competitors were thrown into bankruptcy. Goldman Sachs then used a large portion of their bail-out money on bonus's for their own employee's! They were being given American Tax-Payer money as a bonus, when they were one of the banks responsible for the crisis to begin with! When it came to bailing out insurance companies, the government choose to focus most of its bailout money on AIG. Oh, by the way, AIG owed Goldman Sachs Billions of Dollars, and if they weren't bailed out, Goldman Sachs would have never received that money. Coincidence? I think not.
The Financial Crisis of 2007-2010 started with what we all know as the collapse of the housing bubble. People could not afford to pay for their homes (which banks were well aware of when giving out the loans, AKA Mortgage Fraud), and so banks failed, over 300 of them since the crisis began. Economy was affected on the international level. Jobs were lost. People lost there houses. Live's were destroyed. And then there's Goldman Sachs, who grew bigger during the depression then they were before it. Even better than that, the only one of there competitors left was a very brittle Morgan and Stanley, while Bear Sterns, Lehman Brothers, Merril Lynch, and other major competitors were thrown into bankruptcy. Goldman Sachs then used a large portion of their bail-out money on bonus's for their own employee's! They were being given American Tax-Payer money as a bonus, when they were one of the banks responsible for the crisis to begin with! When it came to bailing out insurance companies, the government choose to focus most of its bailout money on AIG. Oh, by the way, AIG owed Goldman Sachs Billions of Dollars, and if they weren't bailed out, Goldman Sachs would have never received that money. Coincidence? I think not.
The U.S. Secretary of State and Chief Presidential Economic Adviser, Henry Paulson, used to be the Chief Executive of Goldman Sachs. He pretty much makes all of the financial decisions for our country. Three years before the crisis, Chris Swecker, the FBI Director, was already catching on to Insurance and Mortgage fraud, and even called for a new report to issue a warning. The government didn't begin his crackdown until Goldman had successfully removed all of its holding in the housing market. Our government was well aware of how banks and insurance companies were tricking Americans into expensive mortgage plans, and did absolutely nothing to stop it. Not only that, but after Goldman Sachs withdrew from the housing market, they even bet that it was going to crash! Obviously they were right.
When bail-out bills were in the process of being passed by congress, the makers of the bill gave only one hour before the vote to read the 1000+ page bill. They said they had no time to waste. Or did they have something to hide? These were the regulations printed on the bill "Decisions by the Secretary pursuant to the authority of this act are non-reviewable and committed to agency desecration, and may not be reviewed by any court of law or any administrative agency." This means that Henry Paulson could do pretty much whatever he wanted to do with this money; and that no one in the world could have any say about where our tax-payer money went. What he did with the money is pretty much the reason why capitalism is thought to be an un-fair form of economy. Little companies just keep being eaten away by the bigger ones, and the fact that the government has it's own favorites make it even worse.
Now let me put something in perspective for all of you. The 2007-2010 Financial Crisis was started by none other than the banks, who were giving out mortgages to people that they knew wouldn't repay it. The government used an estimated 2 Trillion Tax-Payer dollars to bail them out. Now they are enjoying the bonus's while we are facing the consequences of what was their fault!
Henry Paulson, along with many, many other ex-Goldman Sachs employee's are still in our government. They are not here to help us, but are here to help there own wealth and business grow. They are criminals. Just recently an FBI Agent revealed papers which showed that Goldman Sachs was being given disclosed files of all stock orders headed to the exchange floor before they were even ordered! It's called High-Frequency Trading, and it's how Goldman Sachs and other huge business's have been making hundred's of millions of Dollars every day just by buying and selling stocks. They have super-fast computers positioned right on the Stock floor so they get everything first! Not only that, but it was a deal made with the runners of the Stock Exchange itself! This just goes to show the ill intentions of Goldman Sachs.
During President's Obama's campaign, he told voters he would not give donor's and lobbyists any positions in government. Not even 3 days after he was elected, dozens of his highest campaign donors (from Goldman Sachs), including Treasury Secretary Timothy Giethner (who was President of the Federal Reserve Bank of New York, huge player on Wall Street), were given positions in Government.
The United States needs to wake up. Our Government needs to wake up; and the United States Citizens need to wake up and kick Wall Street out of our government.
