Ticking Financial Bomb In The New Budget

We all better hope banks don't screw this up a second time. To say banks are too big to fail is a vast understatement. Take for example J.P. Morgan alone with it's $2 1/2 trillion dollars in assets. They control 10% of all our savings accounts. This newly passed budget bill will now allow them and other banks to gamble on derivatives with peoples' savings accounts.

The most troublesome part is these are insured by our taxpayer dollars under the FDIC. In other words we taxpayers will now be insuring these loses if the whole thing blows up.

Read More Details here @ 'The Guardian' newspaper.
From 'The Washington Post'-- "....outrageous to Democrats was that the language in the bill appeared to come directly from the pens of lobbyists at the nation’s biggest banks, aides said. The provision was so important to the profits at those companies that J.P.Morgan's chief executive Jamie Dimon himself telephoned individual lawmakers to urge them to vote for it, according to a person familiar with the effort."

Elizabeth Warren a few days ago on the floor of the Senate


Believe me I understand what compromise is all about, but there's a huge difference between compromising and selling out. This is something Elizabeth Warren had to courage to stand up against unwavering in her opposition.

Didn't hear a peep out of Hillary did we?
Hence why I so hope Elizabeth changes her mind and decides to run for President. Either her or Bernie Sanders. Both are about the only ones who have the steadfast courage to stand by their convictions.



To my way of thinking Hillary is a full blown BS Politician. If Democrats ever hope to stand up against hard line Republicans, Hillary is wishy washy, incapable and she WILL LOSE