The Wall Street Journal today carried the news that 4 unnamed, key senators are against limiting proprietary trading by Wall Street firms. This is another example of how we are alone against the gangsters of Wall Street and their contemptable, bribed enablers in Congress. Proprietary trading by banks that have insured deposits by the government is how and why we had the recent financial meltdown in worldwide financial markets. And we are not through with that debacle yet. But our law makers refuse to reform the Street and are setting up an even greater collapse in the future.
The Journal also carried the news in another article that the Wall Street bankers received app. $20 billion in bonus money in 2009. That's a 17% increase from the year before despite the near depression. There you have it. All it takes is money and congress is yours.
Meantime Obama and Congress are spending money like drunken sailors and prodding all in the U.S. to spend. How can people or business owners feel secure about the future when the predators of Wall Street are still roaming and still able to financially kill at will?
The New York Times carried an article on how many states are liberalizing their gun laws. Take advantage of these new laws and prepare for the future. Hopefully it won't be necessary but how can one trust in any government?
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