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Bankers Took Down

by John Campanario posted Nov 11 2011 12:26PM
Yesterday – Jefferson County, Alabama filed bankruptcy – and became the latest victim of the high crimes on Wall Street.  The decision made by Jefferson county to file bankruptcy represents the largest-ever municipal bankruptcy in American history.  In a twisted scheme of corruption and financial manipulation – mega banks JP Morgan Chase and Goldman Sachs allegedly paid off elected officials to invest in junk bonds to help finance a new sewer system. 

But when the junk investments went bust – so too did Jefferson County – running out of money.  Meanwhile – the mega banks were unscathed – making enormous profits off of fees.  From ripping off customers with fine print and overdraft charges – to swindling an entire county – it’s all in a day’s work for the banksters on Wall Street. 

That’s why all need to get out there and OCCUPY SOMETHING!

Listen to me Monday through Friday from 3 PM to 6 PM on WWRL AM 1600.
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Topics : Business_Finance
11/11/2011 12:26PM
Bankers Took Down
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