Do I even need to pretend that America is a functioning Republic? Seriously, it's obvious this country is a corrupt plutocracy right? OK, just checking.
In the latest example that you are a serf and have no rights or power in the political system - the Banks not only lied to Congress and their investors on their condition - the Federal Reserve helped them by failing to disclose relevant information to public officials From Bloomberg News, only because the Fed lost a court case:
The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing.
The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates
Anyone? Did that include congress? Yes!
Saved by the bailout, bankers lobbied against government regulations, a job made easier by the Fed, which never disclosed the details of the rescue to lawmakers even as Congress doled out more money and debated new rules aimed at preventing the next collapse...
“When you see the dollars the banks got, it’s hard to make the case these were successful institutions,” says Sherrod Brown, a Democratic Senator from Ohio who in 2010 introduced an unsuccessful bill to limit bank size. “This is an issue that can unite the Tea Party and Occupy Wall Street. There are lawmakers in both parties who would change their votes now.”
That is a sitting United States Senator saying if Congress have been fully informed there would have been different votes on legislation. In other words the Banksters are firmly in control not only using your credit card but not even telling your elected representatives the facts before they vote on your behalf.
That's the ball game folks, it's over, how long are you really going to kid yourselves about living in a democracy and a nation of laws?
Wake up.
#OWS