Comments on Advance Indiana™: More Proof That Wall Street Is Stacked In Favor Of An Elite Few

Despite warnings in 2003 & 2007, Indiana banks...

2014-09-03T21:57:02.604-05:00

Despite warnings in 2003 & 2007, Indiana banks & their lobbyists failed to act or even alert shareholders or customers, about the GA's plans to soak them with confiscatory property taxes. This adversely impacted borrower's expense to income ratios & therefore fidelity of collateral held by shareholders.

Rigged at the 19th hole?

There is always some "News Report" by th...

2014-09-03T13:43:47.337-05:00

There is always some "News Report" by the Mega-Media or some clueless Politician comparing Putin to Hitler, and adding a finger wag on corruption in Russia.

Well it seems the Russians know how the game is played here in the USA - Alexander Cohen at the Center for Public Integrity reports that “a Russian bank targeted with sanctions by President Obama over the Ukraine crisis, has hired two former U.S. senators to lobby against those sanctions.” Gazprombank thinks former Senate Majority Leader Trent Lott (R-MS) and former Sen. John Breaux (D-LA) can sway their former colleagues to go easy on Russia.

The Russians know both Parasite Parties are one in the same.

Nobody goes to jail. This is the mantra of the fin...

2014-09-03T10:12:17.883-05:00

Nobody goes to jail. This is the mantra of the financial-crisis era, one that saw virtually every major bank and financial company on Wall Street embroiled in obscene criminal scandals that impoverished millions and collectively destroyed hundreds of billions, in fact, trillions of dollars of the world's wealth — and nobody went to jail.The rest of them, all of them, got off. Not a single executive who ran the companies that cooked up and cashed in on the phony financial boom — an industrywide scam that involved the mass sale of mismarked, fraudulent mortgage-backed securities — has ever been convicted.Instead, federal regulators and prosecutors have let the banks and finance companies that tried to burn the world economy to the ground get off with carefully orchestrated settlements — whitewash jobs that involve the firms paying pathetically small fines without even being required to admit wrongdoing. To add insult to injury, the people who actually committed the crimes almost never pay the fines themselves; banks caught defrauding their shareholders often use shareholder money to foot the tab of justice. It's management buying its way off cheap, from the pockets of their victims.