Count the Ways Wall Street Has Won since 2008

(C) 2013 William Schmidt, Ph.D.   9/16/2013

                         This is a useful list to start with.
                         It will be added to in the next few days.

      What Wall Street Has Won While Main Street Loses More and More:

1)  Bush-Democrat Congress $800 Billion Bailout of the very banks that brought about the
      biggest financial collapse since 1930s.  Bu contrast, In 1980s none of savings and loans
      that failed were bailed out by the US taxpayer.

2)  Obama declared in March 2009 before there was any invtigation into the collapse
     that no banker committed criminal fraud or engaged in criminal insider trading during
     the Crash.  His Attorney General has not prosecuted a single individual big banker..

3)  The Federal Reserve under Bernanke allowed the big banks to borrow trillions using
      the very dubious collateral of their "toxic" mortgages and other debts.

4)  High executives of these bailed-out banks still got millions in pay and bonuses
     paid for by the tax-payer funded bailout.

5)  Nothing has been done since 2008 to reduce or control the highly leveraged
     trading devices the big bankers prefer.  At least 75% of all the trades on the NYSE
     and NASDAQ are done by the big banks' computers trading very short term.

6)  Unlike in Europe, there is no transaction tax of these very, very short term trades
      that let banks make more money at the expense of the Public when they buy and
      sell stocks.  Obama never even proposed this to Congress.

7)  Taxes on the very wealthy's capital gains are still taxed at a lower rate than a worker
      is taxed on his wages, despite the fact that these capital gains are made mostly by
      the very wealthy.

8)  Wall Street has been allowed to make billions as corporations and wealthy individuals
       invest overseas, often secretly.  The FREE TRADE policies since Reagan have caused
       the whole dismantling of US manufacturing capacity and meant the steep decline in
       real average wages in America.