Wall Street is awarding bonus money-taxpayer-money!

Les Leopold is the executive director of the Labor Institute and Public Health Institute in New York, and author of The Looting of America: How Wall Street's Game of Fantasy Finance Destroyed Our Jobs, Pensions, and Prosperity—and What We Can Do About It (Chelsea Green, 2009). During the worst year since the Great Depression, with 30 million people out of work or forced into part-time jobs, Wall Street is awarding itself $150 billion in bonus money and it is coming from taxpayer money. That's the equivalent of $2,000 for a family of four.

Category:

News & Politics

Tags:

• kristine frazao
• les leopold
• wall street
• labor institute
• new york
• jobs
• great depression
• tax payer
• bonus money
• pensions
• prosperity
• rt
• russia today

[waynej1407]

WELL BLOW AND BE HOLD!!! THE SAME CRIMINALS have nearly bankrupted the UK,obviously THERE NEXT PLAN IS US! i realy hope the AMERICAN PEOPLE wake up right now and STOP these CRIMINALS right in there tracks!REMMBER THESE CRIMINALS WOULD SEE YOU AND YOUR FAMILY ON THE STREETS AND WOULDNT EVEN LOSE A MINNET SLEEP OVER IT,IF YOU COULDN'T PAY THEM YOUR MORGAGE!!! come on! do these people live in the real world to you or i!!!!!!!

[lorenzo8500]

White collar robbery is alright while blue collar theft is a punishable crime. Maybe Americans should rob these big banks to get their money back. It would be like a tax refund.

[TheDustFactory]

In democratic America, bank robs you!

[averageworkinggal]

@P3coTrain - FRNs are still the national currency specified by Congress through federal law, regardless.

It makes no difference how the FRNs are issued.

Congress does not have to sell Treasuries to get money.

They have receipts from other sources.

They have to sell Treasuries when they deficit spend.

FRNs are already nationalized since they are the national currency as specified by federal law.

"Ben" is not setting the interest rate on Treasury Yields, the bond market does.

[P3coTrain]

Thats nice but your FRN's are issued by the FRB and not congress. Also Federal Reserve Act of 1913 gave the control of the issuance of currency to The FED. Your congress must sell treasuries to buy FRN's so it can raise money. It has no control over the interest rate as Ben is setting them right now! THE FED is not a National Bank. Its a Central Bank. Your congress should nationalize it and get a more constitutional buck

Are you trying to get some sort of reaction from me by calling me names?

[averageworkinggal]

@WhackoTrain - you're spewing crackpot nonsense.

The "Banker Bailout" Pay Czar enslaved those "banking oligarch puppetmasters", not me.

The Pay Czar kept those banking oligarchs from the megabonus freedom of Ron Paul's "Liberty and the Free Market."

I don't live in debt with my FRNs since FRNs are the national currency specified by Congress.

"Liberty and the Free Market" are in control of the interest rates on those "usurious" loans due to the National Bank Act of 1864 says the SCOTUS.

[P3coTrain]

Damn you call me wacko! Hail the Pay Czar, slave. Live in debt and serve the banks with their userus loans. Give 1/3 of your Averageworkinggal life to a thieving bunch of parasites.

For someone that seems to be smart your pretty damn foolish.

[averageworkinggal]

@enemy666 is a fucking dumbass. - the Fed had nothing to do with Goldman Sachs, Morgan Stanley, Merrill Lynch, Lehman Brothers and Bear Stearns since none of them were part of the Federal Reserve System prior to Sept. 25, 2008, idiot.

Ron Pall and you are kooks.

The Fed was very constitutional before it was ever created by federal law.

The SCOTUS in McCulloch v. Maryland(1819) made a US Central Bank constitutional, idiot.

[averageworkinggal]

@WhackoTrain -

I bet Ron Pall hates the "Pay Czar" as well.

So what.

Ron Pall is the biggest "Liberty and the Free Market" pimp, period.

That makes Ron Pall THE GUY to blame for any perceived inequity involving "Liberty and the Free Market" like being free from Pay Czar restrictions on megabonuses.

The Ron Pall theory is that the "free market" would just come along and buy up the failed banks, which means the bankers would just change companies, but still get their megabonuses.

[ComradePatriot]

How many homes are being foreclosed because the average family does not even $2,000 to pay a bankruptcy lawyer to file for Chapter 13 Bankruptcy

to save their home?

[jmjfanss]

Shameful

JFK was our last truly great president with the exception of ronald reagan.

[PresidentChimp]

@jmjfanss 2 more things you don't hear much about JFK besides Executive Order 11110 (Which, you referred to.) -- Is 1) JFK stood in the way of Israel's Nuclear ambitions and 2) through his brother, RFK, (Attorney General) was forcing Israel to register its lobby, 'The American Zionist Council' as a foreign agent. So, the direct results of JFK's death was the death of EO 11110, Israel obtaining Nuclear Weapons and Israel's creation of AIPAC (to avoid registering their lobby as a foreign agent.)