Looking Back

My blog of just a year ago included my rage at the blatant malfeasance of the bond raters: Standard and Poor, Moodys, and Fitch. It was their blessing (AAA ratings) that gave cover to the risky securitized bundles of worthless mortgages that traders were peddling. This was a large part of the overall meltdown. Recently I read that Congress in its infinite wisdom chooses not to prosecute those miscreants. Too big to jail???? So far I haven't even seen a move to censure them. They almost put jaywalkers in jail but when it comes to creating a world crisis such dereliction of duty is overlooked????

Then the Supreme, supreme, Court overthrows campaign finance reform and allows corporations to spent the companies,(shareholder's), money on political campaigns.
It is obviously a political decision rather then a judicial one. Smacks of the vote by the Court to seat Bush in the controversial 2000 election. To me, the crux of the matter is that the corporations are given the status of "persons". If that were not the case the first amendment would not pertain and the "free speech" aspect would drop out. This ruling delights the Republicans as they are the party of the fat cats.
What it does in effect, is make it more egregious, how corporations dictate our legislation.

We are in the process of dedemocritizing our Democracy and removing the freedom from our "free market" Capitalism. All the "special interests' are stacking the deck in their own favor and the little guy be damned. How about the parable of "Killing the goose that lays the golden eggs"? Those assholes devastated the economy and then expected, and got, bailed out.

Here is, to me, a conundrum: The economy is on life support, where does the largess come from that allows banks to make record profits and pay those obcene bonuses?

What is there about our financial system that inculcates the attitude that the self styled "Masters of the Universe" are entitled to the exorbitant salaries and bonuses they demand? The important question is: Why do we allow ourselves to be ripped off so effortlessly? There is a law, unless the Supreme Court has repealed it too, that states "every action has a reaction". How long it takes for the law to take effect remains to be seen.