If you're wondering why the US Government and Congress have been so weak reining in the banks that have created such a diabolical disaster, look no further than this report put out by the non-profit Public Citizen group.
According to the report, lobbyists and lobbying firms representing the biggest recipients of the bailout money, courtesy of the US taxpayer, scheduled at least 70 fundraisers for members of Congress and made $6 million in federal campaign contributions.
That's $6 million donated sometime between election day and June.
According to the report, the banks putting up the money included Goldman Sachs, Citigroup, Wells Fargo, Bank of America, Morgan Stanley and JP Morgan Chase. The US Chamber of Commerce and the American Bankers' Association also put in a lot of work.
The report and the greasing of palms explains a lot. It highlights the sickness at the heart of the US political system.
no comment untill now