RANT: Wall Street gains at the Taxpayer’s expense

http://slatest.slate.com/id/2277740/

Wall Street on Track for Second-Most Profitable Year Ever

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Exciting news from Wall Street! Thanks to low-interest rates and an influx of capital from the Fed’s emergency lending program and the Troubled Asset Relief Program, Bloomberg reports that 2010 is on track to be the second most-profitable year in Wall Street history. “Even if this quarter only matches the third, [Goldman Sachs, JPMorgan Chase, Bank of America, Citigroup and Morgan Stanley’s] revenue will top that of any year except 2009,” reporter Michael Moore writes. A third of the banks’ revenue comes from trading and investment banking, which were still flush with government money during the first quarter of 2010.

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So, they make out and the taxpayers get screwed?

What’s wrong with this picture?

New rule: “Publicize the losses and privatize the profits.”

We need a game changer. And, what was wrong with electing Ron Paul?

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FLASH: Six U.S. troops were killed Sunday

http://www.washingtonpost.com/wp-dyn/content/article/2010/12/12/AR2010121200857.html

Suicide bomber kills 6 troops in Afghanistan
By Ernesto Londoño Washington Post Foreign Service
Sunday, December 12, 2010; 2:58 PM

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KABUL – Six U.S. troops were killed Sunday when a man rammed a minivan packed with explosives into a newly built military installation in Kandahar Province, U.S. and Afghan officials said.

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I think Ron Paul was right; “take the first thing smoking coming home”!

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POLITICAL: Do multimillionaires earn their wealth by force and fraud?

http://www.realclearpolitics.com/video/2010/12/10/sen_bernie_sanders_to_rich_when_is_enough_enough.html

Sen. Sanders To Rich “Crybabies”: “When Is Enough, Enough?”

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Sen. Bernie Sanders (I-Vermont), a socialist, said “greed is like an addiction” and compares it to heroin and nicotine. “This reckless uncontrollable greed is like a disease,” Sanders said.

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Argh! The word “socialist” says it all. Turn the question around. “When has the Gooferment taken enough from ‘its’ slaves?” The Bible only commands a tithe, 10%. Today, we can not calculate what the Gooferment Slaveholder takes from us. THere are taxes hidden in everything.

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Sanders asks how can anyone be proud to call themselves a “multimillionaire?”

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Since a multimillionaire has to induce people to give them “certificates of appreciation” (i.e., money) and no one has asserted them using force or committing fraud, one must assume that they provided a valuable product or service. Politicians and bureaucrats excluded, of course, because they get their loot by force and fraud upon the “We, The Sheeple”.

Shame on Senator Socialist for his disrespect of people who serve others successfully.

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