Hillary wanted to bail out the banks. Bernie wanted to audit them.

[Octafish]

The FED board of governors used their positions to make decisions that benefited their private concerns to the tune of $4 trillion. That's what we know about. And we wouldn't even know that if it wasn't for Bernie Sanders, who made the audit of the Fed part of the Wall Street bailout package. That package, so far, has found to total $16 trillion.

It's weird how they can find money to bail out the crony banks -- even when based in Switzerland, like UBS -- yet they can't find a way to create jobs or finance urban renewal, education, housing or universal healthcare -- anything that makes life better for the majority of Americans.

[antigop]

1. Thanks, Octafish. K&R nt

[merrily]

2. Yet another way they are so similar!

[Faux pas]

3. Kickin'

[JEB]

4. To put it bluntly,

the bankers want to squeeze the last nickel from us working people. Class warfare initiated by the 1%.

[FlatBaroque]

5. Bernie has helped to distill tis essential argument in so many ways

I can breathe a sigh a relief that people have seen the light. As usual, the youngsters are able to call it out, and now the "establishment" oldsters will be dragged along to the new paradigm.

[amborin]

6. K&R

[whatchamacallit]

7. So?

standard Hilteam response

[Octafish]

8. UBS.

Three letters that should make everyone mad as hell.

For those new to the subject of offshore banking, why:

After his exit from the US Senate, superduperderegulator Phil Gramm immediately found a job at Swiss bank UBS as its Vice Chairman. Gramm today works in the Wealth Management department, where he brought on, among others, former President Bill Clinton.

It's a Buy-Partisan Who's Who:

President William J. Clinton
President George W. Bush Heh heh heh.
Robert J. McCann
James Carville
John V. Miller
Paula D. Polito
Anthony Roth
Mike Ryan
John Savercool

SOURCE: http://financialservicesinc.ubs.com/revitalizingamerica/SenatorPhilGramm.html

Who would have thought President Clinton and Sen. Gramm -- the two key figures in repealing Glass-Steagall -- would work together in Wealth Management at a Swiss bank?

Since the New Deal, Glass-Steagall had protected the US taxpayer from the Wall Street casino by law. After its repeal, the US taxpayer got put on the hook for, among other things, the most recent $16 trillion Wall Street bailout.

In September 2008 on DU2 I described the situation: Know your BFEE: Phil Gramm, the Meyer Lansky of the War Party, Set-Up the Biggest Bank Heist Ever.

If you don't like the way I write about it, you may enjoy what Robert Scheer thinks about Phil Gramm.



https://panamapapers.icij.org/20160403-panama-papers-global-overview.html

Until the Panama Papers, this information wasn't much interest to the USA's "news media." They don't like to disturb their owners and operators any more than they have to, which plausibly explains how it's dropped off the media radar so darn fast.