Tuesday, November 15, 2011

Lobbyists + Money x Politicians = Results

Here's a reason why the Occupy movement exists:
According to a November 15th CNNMoney report, filings show that after the bailout of mortgage giants Fannie Mae and Freddie Mac, nearly $100 million of tax money went to lucrative pay packages for top executives.  The top five executives at Fannie Mae received $33.3 million in 2009 and 2010, and the top five at Freddie Mac received $28.1 million.  Today both the House Financial Services Committee and the Senate Banking Committee were scheduled to discuss the Fannie/Freddie compensation packages of the firms' top executives.  But that posturing isn't going to get this money back, much less send anyone to jail for bilking investors/taxpayers out of millions/billions in the financial crisis (no one has even been indicted).

Now, here's why the Occupy movement will never accomplish anything in the area of financial reform, or anything else for that matter:  http://www.youtube.com/watch?v=CHiicN0Kg10

In short, they need lobbyists!

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