Friday, December 6, 2013

Wall Street Lobbyist Corrupting Our Government

I found something rather disturbing today on Facebook. I ran across this video of a independent group of youngsters that stand up against political corruption. From over inflated super packs to lobbyist donating ridiculous amounts of money to politicians. The video, which I have pasted below, explains a very surprising bill that was passed in congress today. The Bill is called H.R. 922 - the Swaps Regulatory Improvement Act. At the dawn of the 2008 financial crisis insurance company AIG was on the verge of bankruptcy when the wonderful federal government stepped in and saved their asses with a $85 billion bailout. The "risky business" (no pun intended) that drove AIG to the brink of extinction is known as derivatives trading. After the bailout the government did the most logical thing and made some laws and provisions so this type of thing wouldn't happen again. So the truly disgusting part of all of this is that today congress passed a bipartisan law that would let big companies, i.e AIG, to go back to their risky business. Who do you think contributed the most to the campaigns of the politicians that were in support of the bill? You guessed it Wall Street Lobbyist. Lobbyist that work for insurance groups like Citigroup and AIG practically wrote that bill. Our government is basically run by special interest and this is what this group is fighting end. Visit Represent.us to show your support against political corruption.

No comments:

Post a Comment