Peddling

Here is all you have to know, from the Huffington Post and The Atlantic:

In 2008, the largest corporate or trade association source of campaign contributions, including employees, was Goldman Sachs at $6.9 million, followed by JP Morgan Chase at $5.8 million while Citigroup at $5.5 million, came fourth; Morgan Stanely $4.3, 7th and the American Bankers' Association $3.7, 10th. Over the past two decades, Goldman has been the second largest corporate contributor at $30.9, beaten only by At&T at $40.8 million. I have blogged about Goldman before, most recently for ripping off the United States by shorting the financial sector, playing part in Lehman's collapse, then trying to repay TARP so their partners can pay themselves $2.5 million each in accrued bonus from the Lehman trade. Take a look at the Q1 report for yourself. Further showing Wall Street's money-pockets, the financial sector never once earned more that 16% of domestic corporate profits until '86 or the Ivan Boesky era (who can forget his Time Magazine cover in December '86? He was later fined $100 million for insider trading back when that kinda money meant something. Prick). From then to 2000 it reached 30% then 41% this decade. Pay followed: from ~100% of the average for all domestic private industries in '83 to 181% by 2007. We have every reason to be pissed - and why are the Democrats and Obama treating this with kid gloves? Our system has been hijacked by a few who take for themselves and I don't yet see an inkling of the regulations needed to address the problem.