I actually think we all do, Hillary supporters, Obama supporters, Kucinich supporters, Biden supporters, Richardson supporters, Dodd supporters and like myself, Edwards supporters. There are just different ways that we each believe America should do business both at home and abroad. I happen to believe the scales of the corporate world have gone too far. They control our politicians, the war in Iraq, the airwaves, policies, etc...(everything)
I want it to stop! We are being sold out. Our jobs are going overseas creating a drop in the value of the dollar and cutting jobs here at home. The recent housing market crisis has been bailed out by China, Singapore, and the Saudi's.
By Joseph A. Giannone
NEW YORK (Reuters) - The subprime mortgage crisis will create more opportunities for sovereign funds to invest their growing wealth in some of the world's best-known banks, a leading investment banker said on Wednesday.
"There are a number of financial services companies that will have to fill a hole," Lazard Deputy Chairman Gary Parr told Reuters. "They were overexposed to these asset classes and they're taking hits. Fortunately, there is a market for this. There are places in the world interested in investing."
The explosion in central bank reserves in fast growing markets has led to a surge of state-owned investment vehicles with assets estimated at more than $2 trillion.
In recent months, funds controlled by China, Singapore and several Persian Gulf states have been making headlines snapping up stakes in big U.S. and European banks that stumbled in the mortgage markets.
Morgan Stanley (MS.N: Quote, Profile, Research) agreed on Wednesday to sell a $5 billion stake to China Investment Corp after recorded $9.4 billion in subprime mortgage write-downs.
That transaction came on the heels of UBS
MORE REUTERS:
http://www.moneyline.com/article/managerViews/idUKORM03263720071220?pageNumber=1&virtualBrandChannel=0I just believe it is time to take back the corporate power. They are not doing right by the American people. We are being sold. I would love nothing more than a woman in the WH, Hillary to me is just another corporate player. The Bush family and the Clintons both have recieved millions from Saudi Arabia. The Clintons 10 MILLION DOLLARS
From Washington Post:
http://www.washingtonpost.com/wp-dyn/content/article/2007/12/14/AR2007121402124_pf.htmlClinton Library Got Funds From Abroad
Saudis Said to Have Given $10 Million
By John Solomon and Jeffrey H. Birnbaum
Washington Post Staff Writers
Saturday, December 15, 2007; A03
Bill Clinton's presidential library raised more than 10 percent of the cost of its $165 million facility from foreign sources, with the most generous overseas donation coming from Saudi Arabia, according to interviews yesterday.
The royal family of Saudi Arabia gave the Clinton facility in Little Rock about $10 million, roughly the same amount it gave toward the presidential library of George H.W. Bush, according to people directly familiar with the contributions.
The presidential campaign of Sen. Hillary Rodham Clinton (D-N.Y.) has for months faced questions about the source of the money for her husband's presidential library. During a September debate, moderator Tim Russert asked the senator whether her husband would release a donor list. Clinton said she was sure her husband would "be happy to consider that," though the former president later declined to provide a list of donors.
Sen. Barack Obama (D-Ill.) has made an issue of the large yet unidentified contributors to presidential libraries, saying that he wants to avoid even the appearance of impropriety in such donations. Obama has introduced legislation that would require disclosure of all contributions to presidential libraries, including Clinton's, and Congress has actively debated such a proposal. Unlike campaign donations, money given to presidential libraries is often done with limited or no disclosure.
The Clinton library has steadfastly declined to reveal its donors, saying they were promised confidentiality. The William J. Clinton Foundation, which funds the library, is considered a charity whose contributors can remain anonymous.
To read more follow link above.
I commend Sen. Obama for his introduction that would require full disclosure. It is a small step in the right direction. However, as stated in the OP he does accept money from PAC's and Lobbyist. We are all tired of GWB & Co., however GWB has created a corporate empire in which I believe good and not so good people have bought into and are now caught in. I just happen to see John Edwards giving me hope. I want democracy back, something we have not had for years now.