Saturday, May 1, 2010

We're subsidizing banks' political speech

So the finance sector donated $463 million to Congress in 2009, the most ever. Think about how outrageous that is: Congress voted for a huge Wall Street bailout, which the finance sector turned around and donated back to Congress. Moreover, now that corporations are "people," we're all subsidizing big banks' "right" to free "political" speech. We're so f-ed.


Too Big for Us to Fail
We need counterweights not just to Wall Street's toxic products but to its malign influence.


By Simon Johnson and James Kwak
April 26, 2010 | Prospect.org

URL: http://prospect.org/cs/articles?article=too_big_for_us_to_fail

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