Friday, April 16, 2010

How Wall Street Raped And Pillaged

This is a must read. How wall street execs screwed a small town and now everyone in the town has to pay for their greed.

"[Lisa] Pack got rudely introduced to life in post-crisis America last August, when word came down that she and 1,000 of her fellow public employees would have to take a little unpaid vacation for a while. The county, it turned out, was more than $5 billion in debt — meaning that courthouses, jails and sheriff's precincts had to be closed so that Wall Street banks could be paid."

You later learn, her livelihood was severely affected by the greed of corrupt politicians and lies of JP Morgan. The bank also bribed other banks to leave the county alone because they wanted to rape it for themselves then leaving once the poop hit the fan.

This whole deal reminds me of the Dr. Seuss book The Lorax.