Once again, those wild and crazy guys in the GOP are doing what they like best; Refusing to nominate someone that would actually help Americans protect themselves from predatory financial companies.
Check out the email I received about the Senate minority’s quest to serve their real masters, and sign the petition if you’d like to send them a message.
Below is an email from James Lardner of Americans for Financial Reform, who created a petition on SignOn.org, the nonprofit site that allows anyone to start their own online petition. If you have concerns or feedback about this petition, click here.
As Elizabeth Warren says, “Never before in American history has a minority in the Senate blocked a nominee to try to get changes in a law they don’t like and don’t have the votes to change.”
She’s talking about the 43 senators who have threatened to block Rich Cordray’s re-nomination as director of the Consumer Financial Protection Bureau (CFPB). They don’t question his qualifications; their grievance is with the agency itself. They want changes that would undermine its funding, independence, and authority before they will allow a vote on any nominee for the job.
It is tax time, and most Americans are tallying up what they owe, or if they are lucky what they overpaid. But, did you hear about how much in Corporate tax Facebook paid in recent years? Brace yourself, if you hadn’t…the number is zero dollars.
After living with corporate entities that get bailed out, forgiven when they break the law, and influence our politicians to make laws tailored to provide the optimum environment to succeed in, it is really shitty to find that now they get taxed less than the average Facebook user.
How is that right, that a huge business so successful and worth so much, and that would not exist without the help and cooperation of all of its American users, can just get off without chipping in to taxman like the rest of us? How many billions are enough, before a corporation admits that its time to pay the money they owe like every other business? People who make billions off of Americans should put money back into the country that made them rich beyond their wildest dreams. But no, Facebook will instead get a refund in the hundreds of millions, Continue reading →
Too Big To Fail came first with the bailout laid out on a silver platter for the big banks a few years ago. They have many advantages because of fear that their failure would tank our economy: Cheaper loans, more leeway in investigations, hardly any regulation or oversight. Large Financial institutions continue to make record profits, and continue engage in bloating up with the express help of our government.
Criminal behavior in the same industry has often been forgiven without criminal trials, just promises made to not do it again, and payment of fines. No one even loses their job in most cases! Recently, even though HSBC and its subsidiaries have been providing access to cash for enemies of the United States, caught laundering money for killers and terrorists, they only pay a stinking fine. No prison time for anyone. No revocation of banking charter. After doing it again and again over the years. Continue reading →