Monday, December 22, 2008

Wall St. to Main St.: Drop Dead

This is the kind of behavior that in an earlier America would have resulted in a little festival involving tar and feathers:
It's something any bank would demand to know before handing out a loan: Where's the money going? But after receiving billions in aid from U.S. taxpayers, the nation's largest banks say they can't track exactly how they're spending the money or they simply refuse to discuss it. "We've lent some of it. We've not lent some of it. We've not given any accounting of, 'Here's how we're doing it,'" said Thomas Kelly, a spokesman for JPMorgan Chase, which received $25 billion in emergency bailout money. "We have not disclosed that to the public. We're declining to."
How is it that a charity or other organization that receives so much as $1 in government money is subject to all kinds of politically correct harassment ("some strings attached..."), but our business barons can dip into the public trough all they want with no expectation of accountability whatsoever? Arrogance. Personified.

Between these shenanigans and the corrupt dealings of scores of our elected officials, it's safe to say we don't have a government anymore. We have a plunderocracy. At what point will the average honest American reassert his right to defend his justly acquired property against this kind of fraud?

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