Tuesday, November 28, 2017

DEMOCRATS PARTNER WITH BANKSTER BANNON'S GOLDMAN SACHS SWAMP KEEPER ON BEHALF OF THE PLUNDERING BANKS


November 17, 2017. New York. Ten years ago at the dawn of the global economic collapse, it was revealed that America’s three ratings agencies had defrauded the entire investing world and helped bankrupt tens of millions of innocent people. They did it by taking hundreds of millions of dollars to certify that worthless investment funds created by Wall Street banks were safe investments. Now, they’re accused of repeating the same fraud on behalf of the same banks. This time with junk municipal government bonds.



THE ENDLESSLY HISPANDERING DEMOCRAT PARTY funded by Wall Street’s biggest criminals says it is “ALL NEW”…. Meaning open borders to keep wages depressed and no regulation of plundering banks!


It’s Obama’s wet dream!

"The Dodd-Frank bill, which created it, was an effort by the Obama administration and the Democrats, who then controlled Congress, to pretend to crack down on Wall Street while actually doing very little."

Democrats posture as opponents of Wall Street in CFPB dispute

By Patrick Martin
28 November 2017
In what can only be described as a stage-managed publicity stunt, the director of the Consumer Financial Protection Board, Democrat Richard Cordray, resigned abruptly on Friday after promoting his chief of staff, Leandra English, to the long-vacant position of deputy director.
English then declared herself to be Cordray’s successor and acting director, under the provisions of the Dodd-Frank bill, which established the CFPB in 2010 to act as an extremely limited, essentially toothless consumer watchdog on the depredations of US financial institutions.
The Trump White House, momentarily confused by the maneuver since Cordray had been expected to resign a week later, hastily named Budget Director Mick Mulvaney the acting director of the CFPB, and instructed English to report to Mulvaney as his deputy.
On Sunday night, English filed a civil lawsuit with the US District Court for Washington DC, seeking a declaratory judgment that she was the rightful CFPB director. However, the CFPB’s own general counsel, Mary McLeod, issued a memorandum to the agency’s employees instructing them that Mulvaney, as the nominee of the president, had the legal authority to direct the agency.
On Monday, Mulvaney visited the CFPB and took possession of the director’s office, announcing that he was halting all new hiring and regulatory actions for 30 days, pending a review of the agency’s operations.
While the 1,600 employees of the agency are concerned about an imminent threat to their jobs and livelihood—Mulvaney is an open enemy who, while in Congress, described the CFPB as a “sick joke” and advocated its abolition—the actions of Cordray, English and their Democratic congressional supporters are purely a political stunt.
There is little doubt that Trump has the authority, as president and head of the executive branch, to name interim replacements for vacancies at any executive agency. This authority is further codified in legislation enacted as recently as 1998.
The CFPB has been the subject of political posturing by both Republicans and Democrats since it was established six years ago in the wake of the 2008 Wall Street Crash. The Dodd-Frank bill, which created it, was an effort by the Obama administration and the Democrats, who then controlled Congress, to pretend to crack down on Wall Street while actually doing very little.
The Republicans, for their part, treated the CFPB as the second coming of the Bolsheviks, claiming that the tiny agency, with little enforcement power, was a threat to US financial markets and to the capitalist system itself.
Each capitalist party has used the agency for its own political purposes, while the CFPB itself has been nothing more than a minor annoyance to Wall Street. In six years of operation, it has been responsible for fines and restitution to consumers totaling $12 billion, or $2 billion a year. This amounts to barely one percent of the net profits of the US financial industry ($173 billion in 2016), and less than one half of one percent of bank revenues alone (over $400 billion and rising every year since the 2008 crash).
Cordray’s own role personifies the uses of the CFPB as a political cover. He was named to head the agency after Obama caved in to Republican opposition to Elizabeth Warren, his initial choice. Warren parlayed her undeserved reputation as a scourge of the bankers, and victim of the Republicans, into a successful campaign for a US Senate seat from Massachusetts.
Cordray’s fixed five-year term runs until July 1, 2018, so he was practically the sole Obama appointee to continue serving in the Trump administration. But he decided to abandon the post eight months early—and thus cede control of the CFPB to Trump—in order to seek the Democratic nomination for governor of Ohio. He then engineered the handover of authority to English, setting off the subsequent media firestorm, to jet-propel his own political campaign.

BLOG: YOU TAKE GOLDMAN SACHS OUT OF THE SWAMP KEEPER'S ADMIN AND THERE WILL BE NO AT HOME!

More broadly, the obvious determination of the Trump administration to stamp out even a fig leaf of accountability for the big banks allows the Democratic Party as a whole to adopt the stance of opposition to Wall Street.

NEXT TO OBAMA, CLINTON, FEINSTEIN 
AND TRUMPER, CHUCK SCHUMER IS THE 
BIGGEST BANKSTER SLUT IN THE SENATE

Senate Minority Leader Charles Schumer met with Leandra English and Elizabeth Warren Monday afternoon, and then denounced Trump for “putting the fox in charge of the henhouse.” So says the paid agent of the foxes, who has received more campaign contributions from Wall Street than anyone else in Congress.
Schumer’s deputy, Senator Richard Durbin of Illinois, hailed the CFPB, declaring, “Wall Street hates it like the devil hates holy water”—perhaps uttering an inadvertent truth, since the CFPB is precisely as useless as holy water in fighting the domination of Wall Street over the US economy.


TRUMP DEMANDS PUERTO RICO PAY THE BANKSTERS FIRST!


HOW MUCH DID SWAMP KEEPER TRUMPS HUNDREDS OF BANKRUPTCIES COST HIS BANKSTERS???

CHICAGO’S BLACK GANG LAND…. Is what happens when bankster Rahm Emanuel and his corrupt Obama party turned the city under!

BARACK OBAMA:
THE PSYCHOPATH WHO WOULD BE DICTATOR FUNDED BY HIS CRIMINAL CRONY BANKSTERS AND REELECTED FOR A THIRD TERM BY MEXICO
MICHAEL BARONE:

The Lawlessness of the Obama Administration: A never-ending story

CHICAGO: THE FACE OF A NATION IN SHAMBLES
CHICAGO’S BLACK GANG LAND…. Is what happens when bankster Rahm Emanuel and his corrupt Obama party turned the city under!

OBAMA’S CRONY BANKSTERISM destroyed a TRILLION DOLLARS in home equity… and they’re still plundering us!

Barack Obama created more debt for the middle class than any president in US history, and also had the only huge QE programs: $4.2 Trillion.

OXFAM reported that during Obama’s terms, 95% of the wealth created went to
the top 1% of the world’s wealthy. 


FROM THE FIRST DAY OF HIS FIRST TERM, BARACK OBAMA AND ERIC HOLDER HAD COMMENCED BUILDING A MUSLIM-STYLE DICTATORSHIP FUNDED BY CRONY BANKSTERS AND MEXICO.

OPERATION OBOMB:

DESTABILIZE AMERICA TO LAY GROUNDS FOR A MUSLIM-STYLE DICTATORSHIP

http://mexicanoccupation.blogspot.com/2017/08/seth-barron-obama-and-building-of.html

 

“Obama’s new home in Washington has been described as the “nerve center” of the anti-Trump opposition. Former attorney general Eric Holder has said that Obama is “ready to roll” and has aligned himself with the “resistance.” Former high-level Obama campaign staffers now work with a variety of  groups organizing direct action against Trump’s initiatives. “Resistance School,” for example, features lectures by former campaign executive Sara El-Amine, author of the Obama Organizing .”


 

ON SUICIDE WATCH:
HILLARY CLINTON: HER PARTNERSHIP WITH PUTIN TO DESTROY THE DEMOCRAT PARTY AND RIG AN ELECTION
“If the Constitution did not forbid cruel and unusual punishment, the sentence I
would like to see imposed would place both Bill and Hillary Clinton in the same 8-
by-12 cell.”    ROBERT ARVAY – AMERICANTHINKERcom


THE DIRTY DEALS of DIRTY HILLARY….. looting anything that moves!

Harvey Weinstein has been exposed in the media as the sexual predator he is, and Hillary Clinton has been exposed as the craven money-grubber she is; money over morality is the mantra she lives by. PATRICIA Mc CARTHY – AMERICAN THINKERcom
 "But what the Clintons do is criminal because they do it wholly at the expense of the American people. And they feel thoroughly entitled to do it: gain power, use it to enrich themselves and their friends. They are amoral, immoral, and venal. Hillary has no core beliefs beyond power and money. That should be clear to every person on the planet by now."  ----  Patricia McCarthy - AMERICANTHINKER.com

THE LIFE OF HILLARY CLINTON: AMORAL PSYCHOPATH and GLOBAL LOOTER OF THE POOR…..
But she served Obama’s crony bank$ter$ well!


"Finally, by putting a $1.5 trillion hole in the budget, the tax 

plan will accelerate demands for slashing Medicare, Medicaid 

and Social Security, together with other forms of social 

spending, to plug the gap."

OBAMA’S CRONY BANKSTERISM destroyed a TRILLION DOLLARS in home equity… and they’re still plundering us!

Barack Obama created more debt for the middle class than any president in US history, and also had the only huge QE programs: $4.2 Trillion.

OXFAM reported that during Obama’s terms, 95% of the wealth created went to
the top 1% of the world’s wealthy.

The US tax bill: A massive handout to the financial elite

18 November 2017
On Thursday, the US House of Representatives passed a sweeping bill that will slash taxes on the wealthy and hike taxes on millions of working class households, in a move that will further fuel social inequality in the world’s most unequal developed country.
Since the 1960s, the slashing of top income and corporate tax rates has been a major driving force in the phenomenal growth of social inequality in the United States. Now, under the fascistic billionaire real estate mogul Donald Trump, this process is being kicked into overdrive.
The centerpiece of the bill is the reduction of corporate tax rates by almost half, from 35 to 20 percent, at an estimated public cost of $1.5 trillion, making US corporate taxes the lowest since 1939. This will dramatically accelerate the fall in effective corporate taxes that has taken place since the 1950s, when the effective tax rate was 50 percent, to today, when it is less than 20 percent.
Next, the financial elite is salivating over the abolition of the estate tax, which the bill mandates by 2025, providing a massive windfall to the top 0.2 percent of households.
According to a report published last month by UBS, more than half of all billionaire wealth in the US is controlled by individuals older than 70, and the US financial elite has been waiting for the abolition of the estate tax to transfer its wealth to the next generation. The abolition of the estate tax would be a major step toward making the United States a hereditary oligarchy, in which wealth is passed down dynastically without any diminution.
According to the non-partisan Joint Committee on Taxation, under the Senate version of the bill, by 2027 every family earning below $75,000 per year will see a tax hike, and every family making above $100,000 per year will see a tax cut.
The bill includes provisions that are little more than cruel and insulting. Alongside a tax break for the ownership and maintenance of private jets, it mandates the elimination of tax deductions for graduate student stipends and tuition reimbursement. The Harvard Crimson wrote that the result would be a 400 percent tax increase on graduate students, who are often massively underpaid.
Finally, by putting a $1.5 trillion hole in the budget, the tax plan will accelerate demands for slashing Medicare, Medicaid and Social Security, together with other forms of social spending, to plug the gap.
While Democratic politicians mouthed criticisms of the Republican-sponsored bill, its most important measure, the corporate tax cut, has been a major element in the Democratic playbook. The Obama administration’s 2016 budget, for example, called for lowering the corporate tax rate to between 28 and 25 percent.
The New York Times, a leading mouthpiece for the Democratic Party, wrote in an editorial this week, “The Right Way to Cut Corporate Taxes,” that “Republicans are right about the corporate tax system being broken.” The newspaper added, “If Republicans worked with Democrats… they could reach a compromise to lower the top corporate tax rate to between 25 percent and 28 percent.”
On Thursday, the Times and leading Democratic politicians were far more concerned with whipping up a series of sex scandals, centered around Republican Alabama senate candidate Roy Moore and Democratic Senator Al Franken.
As expected, all three US stock indexes soared on Thursday following passage of the bill by the House of Representatives. Since the election of Donald Trump, the Dow Jones Industrial Average has shot up by 17 percent, and it has more than tripled in value since the 2008 financial crash.
In an interview last month, US Treasury Secretary Steven Mnuchin made clear that a major driving force in the run-up in prices has been the expectation that the Trump administration is going to slash taxes on corporations and the super-rich.
“There is no question that the rally in the stock market has baked into it reasonably high expectations of us getting tax cuts and tax reform done,” said Mnuchin. “To the extent that we get the tax deal done, the stock market will go up higher.” He also made clear that Wall Street would not accept any slowdown in the upward redistribution of wealth. “There’s no question in my mind that if we don’t get it done, you’re going to see a reversal of a significant amount of the gains,” he said.
The comments by Mnuchin, the former Goldman Sachs banker worth nearly half a billion dollars, are just one expression of the stranglehold of the financial elite over political, social and economic life in the United States. The first and last priority of American society is the continuous enrichment of this financial oligarchy.
The United States is the most socially unequal developed country in the world. Just three men— Bill Gates, Warren Buffett and Jeff Bezos—have between them more wealth than the bottom half of the American population. The world’s billionaires have had their wealth shoot up by $1 trillion over the past year, driven by central bank money creation, tax cuts and incentives, and the continuous assault on the social position of the working class.
The domination of the financial elite, in the United States and around the world, over human civilization is the root cause of every serious problem of modern society, from poverty, homelessness, and drug addiction, to war. The ending of these evils requires the radical transformation and reorganization of society in the interest of social needs, not private profit.

Andre Damon

No comments: