Mariner

America is on the threshold of the biggest financial disaster in history, and become a bailout of Wall Street giants who have been forced to move. The government wants more than a billion dollars in an attempt to halt the downward trend that threatens to ruin the country.

The sad reality is that the government and U.S. business giants have been in this position, without remorse and without conscience. For years, big business has collected billionsDollars American Airlines, was huge by mortgages, credit cards, has investments, property, etc. The profit margin, so that companies with CEOs, history wage larger and more expensive. Of course, the money went, this profit margin, created directly in the pockets of the American people.

For years, the greed of American society emptied the pockets of the people. But now, the shadows look like a cat "fat" at the top must be held accountableillegal business practices and operations of the fall in U.S. markets, the same "fat cats" ask the taxpayers' money to save it from bankruptcy. Yes, fed to the American people, these large companies billions of dollars over the years, and now you need to send billions more to protect them from destruction! In essence, this means nothing less than extortion Modern Day legalized and offered by our government.

More than eleven bankshas failed in the last year, costs more than the FDIC insured deposits $ 2,000,000,000. With these institutions are not more than $ 1 billion were insured customer deposits, allowing thousands of citizens to wonder if they ever see their money. Consideration of the banks are unable to establish a memory of the savings and loan crisis of the late 80s early 90s, where over 750 savings and loan institutions will not cost more than $ 160.1 billion, $ 124, 6 million werepaid directly by taxpayers.

It is difficult to predict what specific measures the current recession began. Perhaps the election of George W. Bush in 2000 ... or the 2001 attacks on New York World Trade Center ... or an unlawful war in Iraq ... falling home prices led to the mortgage crisis ... O is for the first time some years ago? Some may remember the Great Depression of 1929, when the stock market, October 29, which was called Black Tuesday crash. Surprisinglythe global economic crisis and recession of Bush these similarities, and directly influence each other.

Regulation

The Great Depression caused the unemployment rate from 25%, with the highest unemployment rate in history. With unemployment at record levels, demand for consumer goods fell, causing many companies to go under the absence of such request. The financial sector was in the form of subprime mortgages cheap, which are stored in a recessionextremely volatile. Many of these loans were not paid, with over 744 banks with mountains of "no bad debts." The depositors of these banks will lose more than 140 billion (1930) have.

Franklin D. Roosevelt (FDR), who was elected in 1932, mainly due to the excesses and greed of big business for the formation of a bubble as "volatile economy. Democrats believed the problem was that the company had acquired too much power.

Mariner Eccles, chairman of the FDRconsiders that the frontiers of the Federal Reserve sign (11/1934-2/1948) is detailed in his memoirs ("), which led to depression. explains a small part of the memories, Eccles:" Here, the production of mass consumption mass, mass consumption, in turn, involve all of redistribution of wealth - wealth is not real, but the wealth that is currently produced - to provide men with buying power in the amount of goods and services offered by the engine nation's economic. instead ofType of distribution, a giant suction pump had by 1929-1930 has created a few hands an increasing share of currently produced wealth. "

Roosevelt and the government has started working on "The New Deal, which aims at eliminating the power of big business, and offer the power of unions and farmers was. The fees have increased corporate profits, and should take place regulate the economy and finance. Roosevelt secured new banking regulation, higher spending.

The New Deal requiredStimulate demand and provide work and / or relief to the poor through increased public spending and the introduction of financial reforms. The securities sector is regulated by the Securities Exchange Act of 1934, eventually forming the Securities and Exchange Commission (SEC). Federal Court of FDIC insurance comes into play, and provisions for the control of the "cut throat competition," the definition of a minimum wage, labor standards, support for trade unions to increase wages and purchasing powerthe addition of social security and regulation of financial and other agricultural products.

Roosevelt''los plan attempts to mitigate the negative impact of global economic crisis and prevent such acts are not repeated. Depression is not only Americans, but caused an economic crisis like no other ever seen before. Roosevelt knew he could not be reinstated, the introduction of global regulation. This system, with World War II at the endThe United States of the Great Depression, and that the same greed and wealth of the financial crisis of a country is prohibited.

Deregulation

In 1970, banks and companies restricted the view that the rules introduced in about thirty-five years before FDR. There was a sense of lending standards "prohibiting the opening of certain businesses, or borrow. Although it has always been known as loans require good credit, is simplyhad to choke financing for entrepreneurs and businesses. This may have been the downfall of our government - that the lobbyist was wilder than we know today as the politicians, lobbyists money is willing to represent their interests. In 1980, deregulation began in state and federal level.

The regulation has been reduced and will be transferred in the financial sector, the economy, the local economy and so on. The United States since the loans were providedto realize that competition in interest rates, thus increasing the financial markets and increases the size of economic markets. The United States has changed, and soon became a financial power. If nothing is done and unattended wealth has brought phenomenal rate, allowing the growth of the giants of Wall Street is today.

The property sector has experienced unprecedented growth in the deregulation of the financial sector. Real Estate is a new force, with housesMiles will be signed and ready to buy the property. House prices increased dramatically and the financial sector was booming as a result of these increases. The overall objective of the company to grow during this period and to determine how much wealth as possible, with the intention of a rich and prosperous.

As deregulation has done wrong?

removed from the deregulation of these industries, the checks and balances to the same Wall Street giants were tooBusiness practices because they believed was right. Deregulation has been to boost the economy, but also led to corruption and greed.

The driving force behind deregulation was corporate greed. By removing the rules they have their hands tied, which could grow exponentially, creating huge profit margins compare salaries and beyond. Large companies in the U.S. have grown at an alarming rate to keep a register of contracts. The expansion of businesses create thousands of jobs more and moreAmericans who never make money and progress.

Like most things in life, "All things come to an end."

Greed same company that contributed to the deregulation was the same corporate greed that caused the biggest financial crisis in modern history. The CEO at the top of the stairs, he was hungry and started to compare salaries. With the deregulation of markets and business tax breaks in hopes of passing a drop "to dropEconomy "were doomed to fail the American people.

The most important advantages, the objective of the company at any price. Business called for new forms and cheaper products, leading to lower quality and dissatisfied customers. For all companies do this movement has become increasingly difficult to purchase high quality products. This was not the result of large companies, and the goal of more profit, board of directors continues to be dominated. The business process outsourcing and staff became"Hot Topic". Corporate America has begun to look for cheap labor, it is necessary that these are benefits of employees in health care, pension and stock options, etc., American jobs are now under the hammer, so that companies could spend less money, more benefits. The Americans began to lose their company jobs "off" off workers after employees. American companies have started hiring workers in India, Costa Rica, Philippines, Thailand and China (to name a few). The buildings werein others, foreign employees for equal work, the Americans have done for years. The simple truth is that profits grow beyond your dreams if you hire people at $ 2 - $ 4 per hour, workers in the United States must pay a minimum wage. American workers need benefits because of our markets and the health system based on profit, not need foreign workers.

As the tide began to turn American business people have nothingability to provide for themselves and their families. Rising real estate prices, said the drop in jobs - the enormous gulf in class in society today. The class "top", registered a significant growth in wealth, while the poor had no hope of progress. The middle class has been divided between those who have had the opportunity, and those who do not.

the greed of companies has grown at an alarming rate, out of control. However, there is a ceiling, andCeiling was too low for Wall Street. The company began to borrow to repay loans they had to repay loans. The act of borrowing is a way for many companies to stay on top. The money was paid to make more money invested. For all investments, there is no guarantee of profits. However, if the options market was a good choice, the money invested has increased enormously.

The financial sector has been maintained for more loans, interest rates and betterBorrowers win prizes. does not refer to the remuneration of a person or credit means that banks were willing to consider - the sub-prime mortgages are a direct result. For the sale of real estate, real estate invaded the country, its citizens were granted loans. Adjustable Rate Mortgages, reverse mortgages and many other "shady deals" were introduced. This has allowed banks to put more people in homes, with the support of the housing market, with its enormous growth andExpansion. Banks have reached unprecedented proportions, and credit and investment funds as they see fit. The problem is that the deposits of clients of investment banks, and use of this money will be higher, the wages of the plate and offer more loans.

With the decline of American labor have less money. For less money to buy fewer products. With the purchase of goods U.S. companies earn less money. With these companies, less money, the loans are not necessarily paidappropriate. Moreover, the American people, job opportunities, earn less money, their own loans to pay for inadequate reasons. Since no one is able to repay their loans, therefore, banks with mountains of debt they simply do not have the resources to cover.

subprime mortgages were the first affected. Prices have increased at an alarming rate, if not triple-double to make the monthly mortgage payments, the Americans were invited.Recalling that these loans were originally "not enough income" against the loan current, or have credit problems. "This has brought the best record in the history of foreclosure. Not only do banks have mountains of debt for the" bad "loans, which now acquire properties that nobody wants to or can not buy.

Deregulation of the financial sector and real estate loans led the shade and illegitimate, that taxpayers must foot the bill.Taxpayers who own their jobs because of corporate greed have lost, now out of trouble to help the "giants" with little money.

Giants of Wall Street

Deregulation has allowed large companies through rapid growth. Trickle Down Economics "has supported growth, but who really benefits? This is not the American people, the few people who have been at the forefront of success. For a look not only to companies that require the attention of the Government, wouldYou can see who benefits and who has been affected.

Countrywide, the sub-prime mortgages, CEO Angelo Mozila has sold 140 million U.S. dollars has been offered the national before leaving the company. Leaving Mozila Countrywide was a settlement of more than $ 110 million to win. Bear Stearns has also offered "risky" loans, assets were $ 395,000,000 €. CEO James Cayne has paid more than $ 1 billion in Bear Stearns shares personally held only 61 million dollars before leaving. ItThere is no confirmation of payment. Freddie Mac CEO Richard Syron is expected to more than $ 21 million in cash and goods, while Fannie Mae, Daniel Mudd, the CEO is more than $ 14 million in cash and assets - both companies are fully committed subprime foot. AIG CEO Robert Willumstad resigned to reports, his severance pay of more than $ 22 million.

This is a very short list of losing money, CEOown benefit. While the U.S. plan to save the taxpayer for this mega-giant, abandoned their makers billions of dollars. Is this fair? It 'very often before the U.S. society and the American people have bothered me. Deregulation of the U.S. economy has allowed this type of conduct "high-class and greed.

Who can happen?

Not a single person who made the modern disaster, but a whole series of policiesCapitol Hill who have "bought" by lobbyists for years on behalf of the Giants. The companies have lobbyists for years, absorbing workers with money to spend on politicians. In turn, the politicians take the money that will fight for society wants and needs of Congress, the Senate. Yes, officers were elected, "off" Corporate America has bought, each amounting to billions of dollars a year. The more money a company is based on lobbying;Longer able to reach the government, earnings increased.

Rick Davis, former president of Alliance homeownership led watered Promotion Group, the politicians of millions of dollars on behalf of Fannie Mae and Freddie Mac regulation to stop it. If the name "Rick Davis" sounds familiar, it's because the campaign manager of Senator John McCain for president. John McCain news more than 2 million lobbyists, Rick Davis, received. "

William MALONEFannie Mae Senior Vice President of Government Relations and Industry ('83-'04), was ignited by "Senator McCain forgot" about his lobbyist registration and gift money. After the visit of a campaign McCain has been quoted Malone:

"Yesterday, Senator John McCain released a television commercial attacking Barack Obama for advice, it seems the economy by former Fannie Mae CEO Franklin Raines.
This is an interesting document for Senator McCain to play, as his campaign manager,Rick Davis, was Fannie Mae and Freddie Mac for hundreds of thousands of dollars earlier this decade, the management of an organization, lobby on their behalf called The Home Ownership Alliance paid. ...
I worked in government relations for Fannie Mae more than 20 years, the group of most of these years of driving. When I see pictures of McCain, I personally think the group of lobbyists who told me. Senator McCain attack Senator Obama is a cheap shot andhypocritical. "

McCain campaign adviser Charlie Black lobbying firm holding a Freddie Mac represented by several years. His campaign finance chairman, Wayne Berman, was a lobbyist for Fannie Mae.

It was reported that Senator McCain fund raked over forty different pressure groups in an estimated $ 100 million [gifts, money, contributions in excess of 26 years was the government]. McCain was also charged in the Keating Five scandal, in which he and four otherThe senators urged the regulators on behalf of Lincoln Savings and Loan CEO Charles Keating. Keating has made numerous campaign contributions of about two million dollars to Senator McCain himself. The most frustrating part of the Keating Five scandal is that the Lincoln S & L savings and loan crisis of the late '80s. Keating and "Giant" is unlawful and business practices of risk - with loans, loans with money and no other possible wayrecovered. This is not another loan. Senator McCain is the only Keating Five scandal, in which the office is always closely linked.

For a better view of McCain's ties with lobbyists, please visit mccainslobbyists.com /

Senator McCain was a great adversary of regulations, and has always tried to minimize the Regulation on the Financial Regulation and the economy. McCain has said he wants to deregulate "the health sector, and" we "The banking sector on the road to the 2008 campaign.

McCain voted for deregulation and again:

The 'no' to Bill: S 1: a law to ensure greater transparency in the legislative process to be with one of the lobbyists for contributions, donations lobbyist conditions are reported as new groups pressure limited.

The "No" three times to the bill: 1058 HR: Law of the Federal Republic of security laws to curb abusive amending certainPractices in the Private Securities Litigation, and for other purposes.

While Senator McCain is not the only senator, lobbyist fundraising, did not raise much money from lobbyists and many other senators, not only Senator to vote YES to deregulation. He is running the current U.S. president. Therefore, this type of activities of all parties are aware of the survey, trained to make the best decision possible.

TheThe actions of politicians like John McCain has a market collapse that Americans must now could bear. corporate greed, greedy politicians and American voters do not know what's happening in our government ... This led to our booth. These actions are reprehensible, and in some criminal cases.

Congress is trying to develop a plan to save our mortgage bank is not worth over 700 billion dollars. corporate giants aretaxpayers 'money' to restructure and sell shares of companies to stay afloat. Unemployment is at its highest rate in more than twenty years, with the loss of American jobs to more than 650,000 people.

Deregulation was the reason that the economy is the effect. Rules were a president, that the same greed and corruption that caused the Great Depression, which could and can reproduce without the notice of approval. The policy of deregulation of our industryGreed and corruption in tears once again, our country.