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Ichingcarpenter

(36,988 posts)
Tue Oct 29, 2013, 06:16 AM Oct 2013

Meet 3 Master Manipulators of America's Oligarchy

We bring you profiles of three financiers who never made a useful thing in their lives, including one who helped bring you the Enron disaster. They are united in their efforts to blame ordinary people for Wall Street-driven economic woes and carve out another pound of your flesh for the rich. Money is no object in their quest.

Here's a look at how these three made their money, how they're conning the public, and what they don't want you to know.

1. Stanley Druckenmiller

His stash: $2.9 billion, made from hedge funds.

His con: Turn young people against seniors by scapegoating Social Security and Medicare.....more



2. Peter G. Peterson

His stash: $1.5 billion, made from private equity.

His con: Stoke deficit hysteria in order to shrink the government and let the wild horses of capitalism trample the masses.....MORE



3. John Arnold

His stash: $2.8 billion, courtesy of Enron.

His con: Enrich Wall Street by blaming state budget crises on teachers, firefighters and other public workers.

If you were writing a movie script about unbridled capitalism, you could do no better than John Arnold as your villain.....MORE...



http://readersupportednews.org/opinion2/277-75/20116-meet-3-master-manipulators-of-americas-oligarchy


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Meet 3 Master Manipulators of America's Oligarchy (Original Post) Ichingcarpenter Oct 2013 OP
These three, AND chervilant Oct 2013 #1
BTW, chervilant Oct 2013 #2
The scapegoating of seniors for the state of the economy is something LuvNewcastle Oct 2013 #3
+ a gazillion! chervilant Oct 2013 #4
If we had more strong Democrats, they would be saying that LuvNewcastle Oct 2013 #5
During the presidential campaing, when one of Matt Taibi's articles revealed... JHB Oct 2013 #6
definitely MichaelKelley Oct 2013 #7

chervilant

(8,267 posts)
1. These three, AND
Tue Oct 29, 2013, 06:40 AM
Oct 2013

the 360+ other obscenely wealthy corporate megalomaniacs who've usurped our media, our politics, and our global economy...

chervilant

(8,267 posts)
2. BTW,
Tue Oct 29, 2013, 06:50 AM
Oct 2013

these guys have chump change compared to the Koch brothers, Bill Gates, Warren Buffet, and their ilk around the globe...

LuvNewcastle

(16,847 posts)
3. The scapegoating of seniors for the state of the economy is something
Tue Oct 29, 2013, 07:00 AM
Oct 2013

we haven't discussed much on DU, but I think it's an important issue. It's not just Republicans doing it, either. I've seen Democrats mention it on political talk shows and even Obama mentioned it during the 2012 debates.

They're saying they want to take some of the money from the people who don't need it (seniors) and "invest" it in the future for the young people. Yeah, right. That money that they want to "invest" will get stolen too.

We don't need to let them divide us like this. It's the oldest trick in the book; the powerful divide the people against each other so they won't pay attention to the people who are really ruining our future.

All the talk you hear about 'my generation' and 'their generation' is hogwash. We're all in this together and we're all being screwed by the same people. We need to call out this bullshit every time we see it. Besides, there's absolutely no reason why we can't save Social Security AND invest in the future.

chervilant

(8,267 posts)
4. + a gazillion!
Tue Oct 29, 2013, 07:14 AM
Oct 2013

I recently did the math (yes, the MATH) to show how welfare fraud compares to the Wall Street debacle of 2008. I used the highest estimate of welfare fraud and the lowest estimate of what the Wall Street gang cost us. Even with those numbers, it would take over 500 years for welfare fraud to cost the US anywhere NEAR what the banksters stole from us.

LuvNewcastle

(16,847 posts)
5. If we had more strong Democrats, they would be saying that
Tue Oct 29, 2013, 07:29 AM
Oct 2013

every time somebody wants to cut food stamps or any other social programs, but too many of them are in bed with the banksters.

JHB

(37,161 posts)
6. During the presidential campaing, when one of Matt Taibi's articles revealed...
Tue Oct 29, 2013, 07:51 AM
Oct 2013

...how Romney managed to squeeze an additional $10 million from the FDIC over a settlement he was negotiating (not illegal, just "hard bargaining&quot in the 90s, I managed to dig up numbers for food stamps and public assistance in Massachusetts in the same time frame (within a year or two).

Using the numbers for a single mother with two kids, Romney's $10 million cost the taxpayers as much as over 1420 families (over 4000 people), or a like number of counts of fraud.

One guy, in one deal, at one time. Not the only deal, and not the biggest one either.
Post here:
http://www.democraticunderground.com/10021226488#post32

For the next bit of fun, add up the net worth of politically-active billionaires and celebrities (to account for "rich Hollywood liberals&quot . It ain't even close, but funny how everyone knows "George Soros".

MichaelKelley

(55 posts)
7. definitely
Tue Oct 29, 2013, 07:55 AM
Oct 2013

It seems that they have made a big amount of money where every small trader fails to make. It is true that they can definitely manipulate the market with their effort.

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