RSSWe are paying for their dirty little secrets.
Carolyn Hileman | November 8, 2009
We are paying for their dirty little secrets.
Carolyn Hileman
You have heard of insider trading I would assume, after all it is what landed Martha Stewart in jail, but how about insider trading where the people who held the stock got to decide if the companies went bankrupt? According to opensecrets.org our congress and senate who fought so valiantly to keep those banks from failing held stock in them. In 2008, the same year that the federal government bailed out several U.S. banks, the second most commonly held stock among members of Congress was Bank of America, the data showed. Other popular bank stocks included Wells Fargo, Citi Group and Goldman Sachs, all of which received congressionally approved funds. Now as if that is not enough I want you to look at some numbers:
$208,801,275 John Kerry (D-Mass)
$72,380,637 Dianne Feinstein (D-Calif)
$31,378,542 Nancy Pelosi (D-Calif)
$28,542,526 Olympia J Snowe (R-Maine)
This is not to say that republicans do not have a great net worth as a matter of fact according to Open Secrets 44% of congress are millionaires, now some one tell me how any of these people feel our pain? http://www.opensecrets.org/index.php Go ahead and take a look at these ultra rich people who vote daily to tax the people to pay for their pet projects and as we have just learned to keep their stock from diving. Because you see while our retirement funds were biting the dust some of them were making money Richard Shelby, R-Ala., increase by $2.8 million, Daniel Inouye, D-Hawaii, increase by $2.6 million, Minority Leader Mitch McConnell, increase by $9.2 million. They certainly were not feeling any pain but what about the president who is going to take from the rich and give to the poor? His average net worth is only $3,670,505, some how I don’t much think he is hurting either.
These are the same people who even though the senior citizens could not have cost of living increase voted for themselves a pay raise. Not a single one of these people would know the first thing about doing without, they won’t have to take stacations, and they won’t have to tell their kids they can’t afford college, they would never dream of eating beans and cornbread three times a week just to be able to pay the bills, not them, not a one of them. They will not be affected at all by the healthcare bill that just passed in the house, they will not be affected by the major increases in electricity, and it will not make a dent in their bank accounts. Now of course we understand why it is that Goldman Sachs and Citi received vaccinations before the elderly and children we mustn’t allow them to get sick why it might cause their stock to drop.
We my friends have been duped, we have been conned into keeping their investments afloat while watching ours drop into the negative. It makes you wonder just how much money they have in hospital stock, who will get the cherry deals with this healthcare plan, it certainly will not be the people. We are paying for their dirty little secrets.
Contributor's website: http://www.thevoice.name
Content posted by users from other sites is posted for commentary and news purposes under fair use and each author is responsible for their own postings and a particular posting should not be construed as being endorsed by this site or its owner.
Leave a Reply
Loading ...Recommended Reading:
