[GPSCC-chat] Economic Justice

Brian Good snug.bug at hotmail.com
Mon Sep 16 15:10:46 PDT 2013


Muckraker Danny Schechter reminds us that 9/17 is the anniversary of OWS
and provides some fun facts from Public Citizen:

Amount the crash cost the U.S. economy: $22 trillionHow much everyone would get if that $22 trillion were divided equally among the U.S. populace: $69,478.88Assets of the four biggest banks in America — JPMorgan Chase, Bank 
of America, Citigroup and Wachovia/Wells Fargo — when they were “too big
 to fail” in 2008: $6.4 trillionAssets of those four banks today: $7.8 trillionOf the 63 former Lehman Brothers employees identified by a 
bankruptcy examiner as being aware of an accounting scheme Lehman used 
to mask its true finances, number who are employed in senior financial 
services positions today: 47https://www.commondreams.org/view/2013/09/16-4

Brad Friedman, also citing Public Citizen, lists a few more:


Number of the 25 banks responsible for the bulk of risky subprime 
loans leading up to the crash that are back in the mortgage business: 25Chances that an American voter thinks that regulating financial products and services is "important" or "very important": 9 in 10Amount spent in 2012 by Wall Street and other finance industry 
behemoths on lobbying to roll back, water down and weasel out of the 
Dodd-Frank Wall Street Reform and Consumer Protection Act: $487 millionNumber of registered financial industry lobbyists in 2012: 2,429Number of lawsuits filed as of April of this year by Eugene Scalia, 
son of U.S. Supreme Court Justice Antonin Scalia, to hold up 
implementation of Dodd-Frank rules on legal technicalities: 7Rank of finance industry among all corporate election spending by sector in 2011 and 2012: 1http://www.bradblog.com/?p=10253#more-10253
 		 	   		  
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