The story below is not from a left wing liberal website. It is from the BusinessMirror, a business website. The article basically states that the "too big to fail" banks have used your money to reap huge profits and hand out obscene end of the year bonuses equaling at least $30 Billion. This is being done while your homes are being foreclosed upon, you are losing your jobs, and losing your health care. Not only that, they are using your money to lobby politicians not to impose regulations that might reign them in.
The problem is that corporations and these big banks are allowed to corrupt our political system because they receive Constitutional protections, the same as human beings. Of course, they do not have the same burdens as us mere humans, like going to prison when we break the law. And so they are able to contribute to election funds and buy trips and gifts for politicians, who then do their bidding. You can see what they have done to the health care reform that 67% of the people wanted. And there have yet to be any meaningful bank reforms.
There is a case before the Supreme Court right now which will determine who will be in charge of this country: Citizens United v. Federal Election Commission. If the Supreme Court gives full "person-hood" to corporations the only thing that will save this country is a Constitutional Amendment which states that only "natural" people get the rights and protection of the Constitution.
But there is something we can do right now to show the corporations we are ready for the fight: Move your money from the "too big to fail" banks to local banks and credit unions. Get a local bank or credit union credit card. View the MoveYourMoney video HERE, and find a solvent institution near you.
Let's do this thing now, moving our money, and get ready for the fight for a Constitutional Amendment which may be the only way to insure "that government of the people, by the people, for the people, shall not perish from the earth."
$29.7 billion in bonuses or