Madoff’s scandal continues to grow with people and organizations learning that they too were invested with Madoff.  Many invested with others who were charging sizable fees, like 1.5% of assets per year — not profits, to invest money.  In turn, these “advisers” were turning over the money to Madoff who simply absconded it.  It is still not clear whether the $50 BILLION Madoff stole is really the total amount. When will Americans get angry and upset?

A new AP study shows that banks passed out $1.6 BILLION in taxpayer bailout money to executives of failed banks.  As layoffs continue at ALL of these banks, the executives are rewarded!  Have you heard capitalists, particularly Republicans, argue that America rewards people for success.  This is so much bullshit.  America rewards people for corruption. When will Americans get angry and upset?

The SEC shirked their responsibilities ignoring dozens, if not hundreds, of complaints and allegations of corruption about Madoff over the years.  Financial analysts tried to duplicate Madoff’s results but concluded it was just impossible.  Many people knew years in advance that there was something horribly wrong.  Meanwhile, the SEC ignored their responsibilities as they ran outside businesses and watched porn instead of overseeing the corruption on Wall Street.  When will Americans get angry and upset?

When Obama speaks of stimulus spending on infrastructure, this money will end up going to private concerns who will pay workers shit and abscond with much of the money, paying executives obscene salaries and bonuses.  Nobody will talk about that. It will be no different than the stealing done by defense contractors in Iraq.  America is the land of stealing, corruption, and unethical behavior of all types.  When will Americans get angry and upset?

Virtually every public company awards stock options to employees and executives which is nothing more than stealing from the company.  This ownership in the company is not earned — it is not based on profits of the company — it is stealing from the stockholders.  It is just plain theft perpetrated by boards of directors that are inbred across companies with quid pro quo.  Also, try figuring out how much that even a single large company is rewarding their executives — it will blow your mind.  Meanwhile, CEOs say they will work for $1 a year — this is bullshit because they never give up their options which is where the real money is.  When will Americans get angry and upset?

I frequently speak of the corruption in America and only cover the tip of the iceberg.  At the local, state, and national level there is so much corruption.  Corruption beyond the wildest dreams of the most honest investigative journalist.  One politician after another, one business person after another, and everybody who thinks they can get “away” with it seems to be dong exactly that.  Few are ever caught.  Fewer still ever go to jail.  Those that go to jail go for a very short time.  Yet, the results of this massive corruption are felt in the economy and among ordinary Americans.  Americans are starving and dying because of corruption.    When will Americans get angry and upset?

America is doomed.