Ever since the hijacking of the United States of America economy by the Bankster Takeover Bill, dubbed the "Banker Bailout" by the state controlled media, it seems that doing a bad job reaps rewards. I know
I could have been the Valedictorian in high school had I know this was the standard. I believe now that my approach to education in the "public fool system" was completely misguided.
The Bankster Takeover Bill was never about the 790 billion dollars (now well over 10 trillion with fractional lending). The bill was a takeover by the Treasury of the United States of America (an arm of
the International Monetary Fund) of the U.S. economy. Indeed, a robbery of wealth from the people into the pockets of a few criminal international bankers. When you understand that a provision of the bill states that the treasury joins the federal reserve governors in
that it may not be audited, second-guessed, or be otherwise accountable for the funds and what is done with the stolen booty, you see their plan coming together.
According to the report published by the AP, $1.6 billion went to private jets, bonuses, salary increases and bonuses of the bank executives who foretold troubled economic times and failed to act to
protect their depositors.
Who participated in this sham? The list from the Associated Press includes:
Lloyd Blankfein, president and chief executive officer of Goldman Sachs (Treasury Secretary Paulson's old employer) scurried off with $54 million.
John A. Thain, chief executive officer of Merrill Lynch-$83 million.
Interesting that Merrill Lynch lost $7.8 billion. The compensation for his part of the heist: a cool $15 million signing bonus and an additional $68 million in stock options.
Robert P. Kelly, chief executive at Bank of New York Mellon Corp.
services: $66,748, annual salary: $975,000, and bonus: $7.5 million.
Just a few of the examples that prove that incompetence, like crime, does pay!
Let's not forget our pals over at JP Morgan-Chase. Yes, the descendants of the folks that were instrumental in the US economic takeover in 1913 had a banner year.
JPMorgan Chase chairman James Dimon rang up $211,182 in private jet travel fees as he commuted from Chicago to New York to punch the old company time clock...everyday! The company got $25 billion of the
bailout funds.
I sat with my son and read this aloud. He listened intently as the fireplace roared and popped in sync with each of the names I read from the report. Finally my son asked,"Daddy, if I lay around, surf badly,
skip school, cheat people, ride the clock of any employer that's dumb enough to hire..?" His voice trailed off.
"Yes, son." I reassured him as I smoothed the hair out of his face.
"You too could be well rewarded for your incompetence." Satisfied, he drifted off to sleep dreaming of bailouts and criminal takeovers.
