The only beneficiaries of the Fed’s program have been the ultra-wealthy, who are actually profiting from the ongoing and deepening crisis. On Thursday, the Wall Street Journal reported soaring bonuses for US bankers under the headline “Bankers’ Stock Awards Jet Higher.” Goldman Sachs bonuses, the newspaper noted, have increased $600 million over the past year due to the rise in the bank’s stock price.
As Lagarde acknowledged in her address, since 2009 some 95 percent of income gains in the US have gone to the top one percent of the population. “This is not a recipe for stability and sustainability,” she said.
JP MORGAN
CRONY CAPITALISM: OBAMA PROTECTS JP MORGAN, THE BIGGEST BANKSTER
CRIMINALS IN AMERICAN HISTORY, AND ONE OF OBAMA’S BIGGEST BANKSTER DONORS!
Nearly five years after the greatest financial crash since
the Great Depression, triggered by rampant illegality and fraud on the part of
the major banks, not a single major institution or leading bank executive has
been indicted, let alone tried, convicted and jailed.
POVERTY
IN AMERICA
UNDER OBAMA IT IS SOARING POVERTY FOR AMERICANS BUT STILL
SOARING PROFITS FOR HIS BANKSTER DONORS!
THERE ARE MILLIONS OF ILLEGALS IN OUR JOBS AND BILLIONS IN
WELFARE HANDED OVER TO ILLEGALS SO THEY KEEP COMING AND KEEP WAGES DEPRESSED
FOR THE BENEFIT OF THE POLITICIANS’ PAYMASTERS!
THE DEMS WAR
ON POVERTY…. MEXICO’S NOT AMERICA’S …. as their bankster paymasters loot
Americans wave after wave!
CRONY
CAPITALISM: Obama vows Wall Street’s looting will reach even greater dimensions
during 2014.
………….. and
his bankster donors’ profits are soaring!!!
*
NO ONE HAS WORKED HARDER FOR CRONY CRIMINAL BANKSTER THAN
BARACK OBAMA… JAMIE DIMON IS ONE OF OBAMA’S BIGGEST CONTRIBUTORS!
Why aren’t the Wall Street criminals prosecuted?
By Barry Grey
7 January 2014
In May 2012, only days after JPMorgan Chase’s Jamie Dimon revealed that his bank had lost billions of dollars in speculative bets, President Barack Obama publicly defended the multi-millionaire CEO, calling him “one of the smartest bankers we’ve got.” What Obama did not mention is that Dimon is a criminal.
JPMorgan
is not the exception; it is the rule. Virtually every major bank that operates
on Wall Street has settled charges of fraud and criminality on a staggering
scale. In 2011, the Senate Permanent Subcommittee on Investigations released a
630-page report on the financial crash of 2008 documenting what the committee
chairman called “a financial snake pit rife with greed, conflicts of interest
and wrongdoing.”
These
multiple crimes by serial lawbreakers have had very real and very destructive
consequences. The entire world has been plunged into an economic slump that has
already lasted more than five years and shows no signs of abating. Tens of
millions of families have lost their homes as a result of predatory mortgages
pushed by JPMorgan and other Wall Street banks.
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