Rachel Maddow just said Ed Schultz will be doing a week long report on why gas etc. is so high now!

She said it has to do with - no surprise - Wall Street!

Everyone check it out.

Go Ed!:yourock:

Why hasn't Obama held them to account. What good are they? Oh I forgot they paid for his admission to the WH.

http://www.newyorker.com/reporting/2010/11/29/101129fa_fact_cassidy

The days of those in the Democratic Party automatically standing tall for working Americans and against the moneyed elite is long past. Yeah it might provide a better showing than the Rs, but it is far worse than it once was.

Annals of Economics
What Good Is Wall Street?
Much of what investment bankers do is socially worthless.
by John Cassidy
November 29, 2010

A few months ago, I came across an announcement that Citigroup, the parent company of Citibank, was to be honored, along with its chief executive, Vikram Pandit, for “Advancing the Field of Asset Building in America.” This seemed akin to, say, saluting BP for services to the environment or praising Facebook for its commitment to privacy. During the past decade, Citi has become synonymous with financial misjudgment, reckless lending, and gargantuan losses: what might be termed asset denuding rather than asset building. In late 2008, the sprawling firm might well have collapsed but for a government bailout. Even today the U.S. taxpayer is Citigroup’s largest shareholder.

Read more http://www.newyorker.com/reporting/2010/11/29/101129fa_fact_cassidy#ixzz1FyPRgkYa

and it really covers how average Americans have been had by this club of incompetent and greedy people, and the media generally lets their scam slide by the wayside without attempting to incite the public.

I was surprised that "Inside Job" got an Oscar and that the producer had the opportunity to give that short statement on how our government, President and others have left us down.

Now they want us to sacrifice where it should be Wall St that must sacrifice where both the wealth of the firms and the individuals should be plucked clean like a turkey at Thanksgiving. Their wealth should be our wealth, not vice versa. They should be surviving on the pittance they may have left.

Will be watching. :thumbsup:

Speculators squeezing the money tree.

Gas is going to be five bucks a gallon in New Jersey by the 4th of July, so you can imagine what it's going to cost in the high priced markets of Hawaii, California, and several large cities.

The summer of 2008 is gonna look like the good old days.

That would limit speculation by certain Wall St entities such as Goldman that make big money by orchestrating what can be harmful commodity bets on the backs of the proletariat. It is one thing to pump a stock price but another to pump up needed commodities such as energy or food. Up until 2000 the CFTC regulated certain major commodity contract purchases and speculation to certain involved parties and hedgers. That CFMA2000 opened the flood gates to major speculation. The only question is if Wall Street will allow our government to change it so that it benefits the country?

https://secure.wikimedia.org/wikipedia/en/wiki/Commodity_Futures_Modernization_Act_of_2000

edited: Don't forget Bill Clinton signed that along with Gramm Leach Bliley https://secure.wikimedia.org/wikipedia/en/wiki/Gramm%E2%80%93Leach%E2%80%93Bliley_Act and NAFTA.