COVER-UP: The Big Banking Scandal Wall Street Is Hiding From You – By Zach Cartwright

RIELPOLITIK

Source – occupy.com

“…Wall Street is able to capitalize on states duped into thinking their pension funds are in a deeper hole than they really are, and public assets are then put up for privatization. As Occupy.com reported in 2014, Detroit’s emergency manager used inflated pension shortfall numbers as justification for selling off the city’s water infrastructure“:

(The Big Banking Scandal Wall Street Is Hiding From You – By Zach Cartwright)

Your community’s tax dollars are getting quietly pilfered by Wall Street banks, and the banks are doing an excellent job of keeping the how away from you.

The amount of public money spent on just bank fees and interest every year numbers anywhere from the hundreds of billions to the tens of trillions. The exact amount is available through Comprehensive Annual Financial Reports (CAFR), though even obtaining the forms can prove to be a challenging task for…

View original post 1,476 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s