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Tuesday, July 22, 2014

Sen. Elizabeth Warren On Student Loans And Legalized Wall Street Rip Off


Alan: Wall Street takes government money at 0.75%, 
and without legal or cultural impediment turns around and loans it for 3%.

When I asked my brother 
-- a nationally renowned accountant -- 
if this "money-for-nothing" "financial flipping" really took place, he said, "Yes."

Notably, Wall Street never needs to declare bankruptcy since the robber barons -- too big to fail -- automatically get bailed out. 

American students, on the other hand, are prohibited -- by law... and forever -- from declaring bankruptcy.






"American Plutocracy: Who's Punished and Who's Not"
http://paxonbothhouses.blogspot.com/2014/03/american-plutocracy-whos-punished-and.html



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