Crashing the Corporate Christmas Party

Will we ever be delivered from the malfeasance of the banksters? We can't trust the government to do it, the fox is in that henhouse. Do it yourself! Disconnect from their profiteering services, cut up your credit cards, divest yourself of unethical stocks, pay off your debt and don't get into debt again, ever.

Lastly and perhaps most importantly, disconnect from consumerism to whatever degree you can. The model that got us into this mess is not the one that will get us out of it.

As published over at Care2Causes by Zach Carter;

"Nomi Prins details the disconnect between Wall Street and the rest of us for AlterNet. The government’s massive giveaways to big banks did not stop with the $700 billion Troubled Asset Relief Program. In fact, earlier this month, the Internal Revenue Service granted Citigroup a $38 billion tax break for, well, nothing. Like every other financial boon the Treasury and the Federal Reserve have granted banks since 2008, this special holiday gift will help boost Citigroup’s profits, but does little to boost lending to small businesses, lower credit card interest rates or help struggling borrowers stay in their homes....

Like dozens of other lenders, WaMu employed extremely lax lending requirements that encouraged outright fraud by loan officers and mortgage brokers. In Guadardo’s case, his broker falsified his income statement to indicate that he made over $8,700 a month, when in fact, he made less than $2,000. WaMu never checked the broker’s records and Guadardo couldn’t decipher the mortgage paperwork until it was too late. Now he can’t pay his mortgage and his bank has not offered him a permanent mortgage work-out that will allow him to stay in his home.....

Massive bailouts for Wall Street have helped save the nation’s largest banks from economic catastrophe. But high stock prices for banks will not benefit the rest of the economy unless the government puts the same effort into saving our communities that it put into saving our financiers."