I think it’s important that we know the actual people involved in the current massive scams in the US. One identified in a Truthdig.com article is David Rosenfeld, a lawyer for the Securities and Exchange Commission (the SEC).
In a nutshell, Bank of America used $45 billion in taxpayer funds to take over the failed brokerage house Merrill Lynch. As part of that deal, six hundred ninety-six executives (696) “who helped run Merrill into the ground were granted more than a million bucks each” as bonuses. That’s a lot more than $696 million of your tax dollars. IN ADDITION TO THAT, another 39,000 Merrill employees were given an average bonus of $91,000 (just in case you were thinking it was a small number of elite bankers getting big bonuses). And this was apparently not disclosed to shareholders nor the public, which was apparently illegal.
The SEC lawyer David Rosenfeld appeared before a judge asking to fine Bank of America for misleading its shareholders, but that fine was less than the bonus received by just ONE Merrill Lynch executive. On your behalf, funded by your government, this lawyer cut a deal to allow them your tax money, in exchange for a small fine.
I think we should fire David Rosenfeld and his boss for incompetence.
I think it is increasingly important for everyone to identify and recognize the individuals behind all of the confusion obfuscating the raiding of the US tax dollars. I agree with many of the capitalists amongst us that the rich aren’t defacto responsible for funding the poor. However, I also recognize how easy it is to slip theft, corruption, and abuse of the public trust past us while we are distracted by propaganda along those lines. Maybe we should hold the people responsible, accountable.