Wednesday, November 9, 2011

OpEdNews - Article: BoA Dumps $75 Trillion In Derivatives On Taxpayers, Super Committee Looks Away. Seize BoA Now.

OpEdNews - Article: BoA Dumps $75 Trillion In Derivatives On Taxpayers, Super Committee Looks Away. Seize BoA Now.
"...the actual causes of the deficits that have Congress so concerned are ignored. Reagan and the Bushes cut taxes on the rich and increased military spending, and the deficits and resulting debt soared. It is right there in front of our faces. But even with such "concern" about deficits the tax cuts for the rich continue and the huge increases in military spending are left alone. Instead Congress discusses austerity - making the 99% pay for the benefits and bailouts for the 1%.

Now why are those protesters out there again? Simple. The ones whose interviews the MSM does not air read the financial pages. At the same time many politicians, including Obama, give plenty of lip service about busting up banks which are "too big to fail." But unless someone does something soon, BoA is a done deal. As always, never listen to what politicians say. Watch what they do. A couple of currency devaluations, and we're in Greece."