Corporations Want a “Get Out of Jail Free” Card
Corporate Crime Reporter has another blockbuster this morning about the corporate world, through their Chamber of Commerce enablers, requesting from Congress “A safe harbor from criminal prosecution under the Foreign Corrupt Practices Act.”
Let’s review. The offspring of the robber barons invest their billions in transnational corporations so that they are not liable for any criminal activity committed by these corporations — only taking the profits. Corporate entities themselves, urged by these investors to make as much profit as they can, ignoring worker safety, consumer safety, pollution of the environment or whatever stands in the way of profit, cannot be put in jail or executed.
The scam works well for the rich, but occasionally when the evidence is overwhelming and the government (whose regulators they control) can’t cover up for them, corporations are still fined a small bit of their profits for massive fraud or death and destruction, and they want out from under that unfairness, as they see it. The peasants don’t seem to understand that the king can do no wrong.
When Presidents Bush and Obama called for bailing out the banksters of Wall Street, some of the most psychopathic scumbags on the planet, we screamed “NO” at LUV News, loudly and clearly. We were for taking over the banks, allowing many to go under, and splitting the rest up into “too-small-to-be-too-big-to-fail-sized.” For awhile we would have nationalized the banks and performed a criminal investigation on them, probably sending many of the executives to the Big House.
Instead, the low lifes got a $700 billion bailout combined with $13 trillion in low interest loans. Our government and mass media lied to us that the banks, with all this cash, would begin loaning to small businesses and the economy would be humming in no time. We say “lied,” because they knew they were giving all that money to banksters who have, as Jefferson so clearly put it, “no loyalty to so much as the spot on which they stand.”
The banksters did not loan the money to Americans. They invested it abroad where they could get the most interest (proving they didn’t need the money), and made spectacular profits from the difference in the interest rates, and while they were at it, gave out billions of dollars in bonuses to themselves, for having fooled us unwashed masses, or so they think.
We are deep in debt for a lot of reasons, the massive tax cuts for the rich from Bush and Obama, the massive increases in wars and “defense” spending (which has little or nothing to do with defense), and the massive debt we incurred to save the banksters from the nightmare they created for the rest of us through their failed gambling scams, leaving millions without homes and more millions without jobs.
There are still unconscionable people in the mass media telling viewers, listeners and readers that the tons of money dumped on Wall Street was all necessary. Some of these talking heads may just be ignorant, but they can’t all be that ignorant, many of them have to be as corrupt as the scumbags who run the country like a private plantation. —Jack