The Bank bailouts in the US in fact used public money to pay off the out standing notes held by these banks for American property then proceeded to foreclose on the same properties. Even though the mortgages were now clear, the bail out moneys from our taxes covered not the American people but loses held by the banks for the fraudulently packaged and sold securities.
The first item on the Occupy Wall street list should be
A. To reverse the Supreme Court decision to give Corporations the same rights as individuals that infer Citizen ship to corporations.
B. Pass laws to limit the power of corporations to assign compensation packages to executives that exceed certain levels set by common sense.
This is only the start.. MF
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