
No comment, just disgust and loathing.
We here in the United States ought to be repaid first. There was a huge line of credit extended to GoldmanSachs, as well as the $10 billion loan. How much did they actually take us for? Those in management, both in the banks and in our Federal government, owe us more than money; we're owed accountability.
The Rolling Stone article referred to in the Daily Kos blog is interesting. It describes, amongst other issues, an understanding of carbon credit trading as a new market, a new commodity, and ripe for the picking - bubble fodder, in other words. For my part, I never understood what carbon trading had to do with environmental law, and I still don't. Why not simply set limits, and fine those that exceed the limits? Simple is best, and we benefit from extra revenue. Now I have the notion that carbon credit trading was a sop to the banks, and the right-wing, and works not for the environment but for the politicians.
We need to get lobbyists out of our government. We need campaign reform. Our system is broken; those who benefit from that broken system are the ones running it. We, the people, deserve better. Keep your eyes out for a potential lever with which we might bring our concerns together. I had hope, briefly, for Obama. He seems to have been corrupted, in a matter of months. Perhaps he'll listen; if he doesn't, at least we'll know where we stand. Then what?
And, no, not a return to the Republicans; that's even worse than what we have; they are gleeful plunderers, at least the Democrats feel a twinge of guilt.
I totally agree that Goldman Sachs should not be giving out huge bonuses after they raked the government for millions! Makes no sense... But then, does much that the government is doing now make total sense? It is scary that they can get away with it. I thought that the banks that received stimulus money/loans/call-it-what-you-will-money weren't supposed to be giving out these huge bonuses? Perhaps I misunderstood that there were rules imposed on them as to how to use the money and that no bonuses were to be given. How are they getting by with it? Correct me if I am wrong ....
JMHO
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