Freeloading…

2014-05-21_08-34-27“You are right there’s been a lot of freeloading, but the freeloading has been by the biggest financial institutions who got bailed out by the American taxpayers, who broke the law and were never held responsible,” Warren said.

“Here’s the key part — nobody went to jail for any part of this,” Warren continued. “The only people in America today who go to jail are regular folks. Big financial institutions get out there, they launder drug money, they violate the law, and still no one is held accountable. I think that’s fundamentally wrong.” SOURCE: Elizabeth Warren Reveals What’s ‘Fundamentally Wrong’ About The People Who Go To Jail.

Oh Elizabeth certainly has a way with words. I wish she were as popular as Hillary.  She is an intellectual as Obama is but I won’t hold that against her, at least right now. Her actions in the Senate, if you can call anything in the Senate action, shows that she practices what she preaches.

Why are all the criminal indictments taken against poor and middle income folks? Why are all the “upper class” (I use those words very loosely) seem to be immune from any jail time? I see recently where Credit Suisse was recently fined $2.5 billion for helping the 1%ers hide their income from the IRS.  Attorney General Eric Holder said no bank is too big to jail but actually no one went to jail. $2.5 billions is a lot of money but evidently not to the banking companies as they announced that the money for the fine will cause a slight decrease in the quarterly profits!

My Republican friends seem to be so obsessed with poor people gaming the system and freeloading but then they totally ignore the freeloading by the biggest financial institutions. As Elizabeth said not one person went to jail for any of those things that almost caused the collapse of our country. One of the reasons I heard was that it is just too expensive to indict these millionaires as they would draw out the proceedings for years to come. What an excuse!!  I, and I hope most of you, also think that it is fundamentally wrong to allow someone to be above the law simply by their financial wealth or power status.

I would love to see Elizabeth as president. I know it won’t happen because Hillary has an almost lock on the Democratic ticket. I kind of think Elizabeth would look very much like that pesky Republican of a little more than one hundred years ago. Teddy Roosevelt took on the elite of his time and for the most part beat them. They were called robber barons then but the things they did were pretty much the same as these guys are doing now.  Wouldn’t it be interesting to see if Elizabeth could manage what he accomplished?

Something needs to change in the country soon. Our middle class is evaporating before our eyes. When it is gone and the financial elite are back in almost total control it will be hard to wrench power from them.

5 comments

  1. The justice department is run by the Executive branch. They are letting these people slide with no indictments. 😦
    I really like EW. Wish she would run.

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  2. I like that she goes at and does not stop. We do not need her as president- we really need her now to clean out these big time wrong doers. Great to see someone who is honest and wants to really correct the problems!

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  3. Careful. If you filibuster proof the Senate for the current majority then the other side will have that power if they get the majority. Dangerous.
    Why are you afraid of letting her run for President?

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    • Filibustering the Senate means getting the 60th vote to stop all this gridlock. I am not afraid of her becoming president but like Mary said she would probably be more effective in the Senate if we could get the Republicans out of the way. But then there is the House… Gridlock is the name of the game for the current conservative party.

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