LaVern F. Isely
Monroe
To the editor:
Rep. Mark Pocan was at the Monroe Public Library on May 29 and believe it or not, there was another individual from Brodhead who was as knowledgeable on hedge funds and derivatives as I am. So it made the conversation with Rep. Pocan a lot more fun.
I brought up a book that I was reading "With Liberty and Justice For Some: How the Law Is Used to Destroy Equality and Protect the Powerful" by Glenn Greenwald and recommended that he read it. He questioned me when I said there were more than 3,000 banking lobbyists and I pointed it out to him in the book on page 110, where he noticed the source of their information and he said it was a reliable source but that he would check it out.
After the way the investment bankers exploited the subprime home loans and both political parties, in order to get more questionable money through the use of derivatives, holding companies and trust preferred securities (TRUPS), they got Fannie Mae, Freddie Mac and AIG to invest in mortgages that even the banks didn't want to handle.
The authors of many books I've read all confirm the same story, "If the customer can still breathe, we'll finance him." And this really got bad, particularly in the five biggest investment banks that control 95 percent of the derivative market that didn't want any federal regulations on them. They, along with other lobby groups, such as the US Chamber of Commerce were all in favor of this.
When I asked Rep. Pocan if there was a difference between the US Chamber of Commerce and the local Chamber of Commerce, he gave me an excellent answer which our local media should have been there to pick up. And the answer was yes. Our local Chamber of Commerce, he said, knows the need for small commercial banks in our area and the need to keep jobs in this country.
This is why we have to have the IRS that is looking into the 501c4 groups to determine if they should have tax-exempt status like the liberal groups do because they call themselves a social welfare group, which is getting to be a joke in itself because you have every corporate billionaire, who's exploiting the tax system, so much and so frequently, that the books I've been reading call them rich plutocrats.
Monroe
To the editor:
Rep. Mark Pocan was at the Monroe Public Library on May 29 and believe it or not, there was another individual from Brodhead who was as knowledgeable on hedge funds and derivatives as I am. So it made the conversation with Rep. Pocan a lot more fun.
I brought up a book that I was reading "With Liberty and Justice For Some: How the Law Is Used to Destroy Equality and Protect the Powerful" by Glenn Greenwald and recommended that he read it. He questioned me when I said there were more than 3,000 banking lobbyists and I pointed it out to him in the book on page 110, where he noticed the source of their information and he said it was a reliable source but that he would check it out.
After the way the investment bankers exploited the subprime home loans and both political parties, in order to get more questionable money through the use of derivatives, holding companies and trust preferred securities (TRUPS), they got Fannie Mae, Freddie Mac and AIG to invest in mortgages that even the banks didn't want to handle.
The authors of many books I've read all confirm the same story, "If the customer can still breathe, we'll finance him." And this really got bad, particularly in the five biggest investment banks that control 95 percent of the derivative market that didn't want any federal regulations on them. They, along with other lobby groups, such as the US Chamber of Commerce were all in favor of this.
When I asked Rep. Pocan if there was a difference between the US Chamber of Commerce and the local Chamber of Commerce, he gave me an excellent answer which our local media should have been there to pick up. And the answer was yes. Our local Chamber of Commerce, he said, knows the need for small commercial banks in our area and the need to keep jobs in this country.
This is why we have to have the IRS that is looking into the 501c4 groups to determine if they should have tax-exempt status like the liberal groups do because they call themselves a social welfare group, which is getting to be a joke in itself because you have every corporate billionaire, who's exploiting the tax system, so much and so frequently, that the books I've been reading call them rich plutocrats.
