Saturday, February 11, 2012

US Mortgage Crisis Linked to Disconnect Between Ruling Elite and the People?

This video captures captures the recent pervasive mortgage fraud in the USA. Interestingly, the US government under Obama soon into his presidency bailed out many US corporations and financial institutions with hundreds of billions (800 billion in total) of US tax dollars. (Obama's bailout was a continuation of the George Bush bailout policy already in place called the Trouble Asset Relief Program (TARP), not including Obama's bailout of the US auto industry with 14 billion of US tax dollars. Obama with control of the US Senate and Congress early in his presidency could have prevented the TARP bailout.)

The FDA "Money and Democracy" podcast (Part 1) discusses partly the corruption of democracies through the union of money interests and politicians.

FDA "Money and Democracy" (Part 1) 

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Thank you for sharing your perspective.