Thursday, July 14, 2016

Legislators know this is wrong and acts against the middle class and poor.

Blatant, open, shameful corruption. This action by OUR government chooses to the victim that cannot counter the attack on their household's financial stability. The New York Times should be commended for bringing the truth forward. There peril within that truth. There will be a backlash against the New York Times. Or at least a backlash will be tried.

The financial institutions in the USA are corrupt to the core and the legislators Americans count on to protect them and improve their quality of life (the birthright of the USA of upward movement) is doing exactly the opposite. How does it feel to be violated by the man or woman elected to office? I know Americans will feel betrayed, but, the legislator won't. If anything the legislator is looking to more of the same and wealth that will sustain after they leave office including becoming a lobbyist in a year or two. 

This is the American government. "AMERICANS FOR SALE."

July 14, 2016
By Ben Protess, Jessica Silver Greenberg and Rachel Abrams

But Ms. Lundy (click here) is not a lawmaker, a government employee or even a statehouse intern.

She is a lobbyist for one of the nation’s largest lenders.

That lender — controlled by the Fortress Investment Group, one of Wall Street’s most powerful private equity firms — wrote the bill. Months later, in 2014, the state’s legislators passed the law, making it easier to charge interest of 36 percent to borrowers living on the financial margins.

The political access in Arizona was just one component of a broader effort to loosen consumer protection laws, according to emails obtained through public records requests. In nine other states, Ms. Lundy’s client helped win legislative changes, persuading lawmakers that it needed to raise costs to stay in business and serve borrowers.

Since the 2008 financial crisis, Fortress and other private equity firms have rapidly expanded their influence, assuming a pervasive, if under-the-radar, role in daily American life, an investigation by The New York Times has found. Sophisticated political maneuvering — including winning government contracts, shaping public policy and deploying former public officials to press their case — is central to this growth....

These financial institutions are the ones that will profit the most from the TPP. They are collecting up monies with double fists; the exploitation of international trade and the working poor. 

Got that?

These financial institutions know there will be impoverishment in the USA with the TPP and in the face of that truth exploit the impoverished anyway. 

Got that?

Please understand the heartless and cruel mind of the CEO of a financial institution. It is all about money and NOT about responsible business practices that grows an economy and provides for quality of life of a country of people.

Got that?

Wall Street PLANS on the impoverishment to maintain their cash flow.

What company groaned when President Obama ended the reduction in SSI tax as the economy recovered from 2008 economic collapse? Was it a Fifth Avenue company store? No. It was Walmart.

Got that?