Feeds: Email, RSS & Twitter

Get Our Videos By Email


8,300 Unique Visitors In The Past Day


Powered by Squarespace


Search The Archive Of 15,000 Videos




Hank Paulson Is A Criminal - Pass It On

"The Federal Reserve Is A Ponzi Scheme"

Get Our Videos By Email


Bernanke's Replacement: Happy Hour In Santa Cruz

Must See: National Debt Road Trip

"Of Course We're Not Going To  Payback the Chinese."

Dave Chappelle On White Collar Crime

Carlin: Wall Street Owns Washington

SLIDESHOW - Genius Signs From Irish IMF Protest

SLIDESHOW - Airport Security Cartoons - TSA

Most Recent Comments
Cartoons & Photos
« BofA Leak Exposes Possible Force-Placed Insurance Fraud | Main | Blankfein, Pandit & Dimon Go To Russia »

Guest Post From Dylan Ratigan: Rescue Choppers Or Corporate Jets? The Biggest Fraud Of All

Submitted by Dylan Ratigan

I've been glued to my TV and computer all weekend watching the horrors unfold in Japan. I don't know very much about the Japanese budgetary situation, how much the clean-up is going to cost, etc. But I know that no one in Japan right now is worrying about the Japanese budget deficit, or whether there is any waste in the emergency services departments of local or national governments, or whether the emergency shelters holding millions of people could be provided any cheaper. At times like this, people are desperately hoping that someone can save their friends, family, and make sure that supplies move to people who need them.

And in all the footage of people being saved, I haven't seen one mega-bank rescue anyone. I saw help from a lot of volunteers, firemen, rescue workers, doctors, nurses, etc. But not one bank. And that was true during snowstorms in North Dakota, the floods in New Orleans, and the earthquake in Haiti. Oddly, though the banks are sucking up enormous amounts of our budgetary resources, they don't own rescue helicopters, they don't track earthquakes, they don't study tsunamis, and they don't deal with radiation poisoning.

According to Simon Johnson, roughly 40% of the increase in privately held government debt over the past few years is due to the financial crisis caused by these mega-banks. Yet, the Federal budget debate is centered on slashing spending on things that we actually need, things that, when a crisis happens, saves our lives.

Instead of taking back the money spent on these bailouts, the new "tea party" Republicans are instead trying to slash funds for the agency that warned our West Coast of the tsunami. How many millions of dollars did NOAA save by giving us due warning and letting us protect property? We'll never know, just as the Japanese can't know how many hundreds of thousands survived due to a strong infrastructure and well-funded preparations.

I don't mean to pick on the Republican leaders, though actually, yes, I do. Just cutting government programs sounds good, until your friend or family member is hanging on a rooftop somewhere praying for a rescue, a rescue that would have had to have been planned and pre-funded years before since helicopters can't actually be wished into existence upon demand. But let's be clear, the dynamic that is starving our government of revenue is one that the Democrats created from 2008-2010, when they allowed and encouraged the big banks to feed on the government trough. This bipartisan corrupt racket, where Democrats help banks loot and Republicans give the bill to the rest of us, needs to end.

What we are seeing, on our TV screens, is that dedicating resources to a government that works is the single best investment that we can make. And the idea that one single dollar more than necessary is going to the banksters is a giant fraud in and of itself.

Even though they think they deserve their millions in bonuses, no mega-bank does anything even remotely as noble as the people who study and prepare for the catastrophic events befalling our globe right now. If we saw something in, say, New York City, like a pandemic or a natural disaster akin to what is going on in Japan, I'm pretty sure that even these executives would change their minds, and wish that they had sucked up fewer of society's resources and allowed more emergency prep. Of course by then it'll be too late, and the best they'll be able to do is re-purpose some of their luxury helicopters to save their own hides.

As the debate in DC continues, remember what the Democrats and Republicans are agreeing to, in the form of spending cuts for us while banks continue to gorge on taxpayer subsidies and outright fraud. Their collusion isn't solving any of the actual problems in this country. It is, however, making sure that if or when we need our government, if or when any of us are ever in the situation in which Japanese citizens find themselves, it won't be there.

And that's the biggest fraud of all.




PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments (15)

ISLAMABAD (AFP) - A blood money deal to secure the release of a CIA contractor accused of murder in Pakistan has ended a damaging spy row but eroded a thin veneer of trust between the suspicious allies, analysts say.

The sudden freeing of American Raymond Davis on Wednesday, seven weeks after he shot dead two men in Lahore, has sparked small angry demonstrations in protest at authorities' decision to bow to the demands of the superpower ally.

Mar 17, 2011 at 12:26 PM | Registered CommenterDailyBail
Mizuho Bank says its ATMs in Japan stopped working

Mar 17, 2011 at 12:37 PM | Registered CommenterDailyBail
Well said. It's EXACTLY the fucking same here in the UK. These people are raping every nation on Earth that has invited them through their doors, and also a few that haven't.
Mar 17, 2011 at 12:38 PM | Unregistered Commenterf*ck


Mar 17, 2011 at 12:39 PM | Registered CommenterDailyBail
The Cost of NYC's Marijuana Possession Arrests in 2010: $75 Million

Mar 17, 2011 at 12:40 PM | Registered CommenterDailyBail

it's the global banking elite...they won in every nation save iceland...
Mar 17, 2011 at 12:41 PM | Registered CommenterDailyBail
Official UN Forecast: 'Diluted' Radioactive Fallout Heading To US West Coast

Mar 17, 2011 at 12:43 PM | Registered CommenterDailyBail
He is one of the smartest guys around. He knows so much about the crisis. I am so impressed with him that I wish he would run for office. Great piece.

"I don't mean to pick on the Republican leaders, though actually, yes, I do. Just cutting government programs sounds good, until your friend or family member is hanging on a rooftop somewhere praying for a rescue, a rescue that would have had to have been planned and pre-funded years before since helicopters can't actually be wished into existence upon demand. Ah, you are a God here."

So the Progressive Libertarians are coming to the rescue?

I know...d d d.
Mar 17, 2011 at 1:15 PM | Unregistered CommenterMike
I've always wondered what the real purpose of banks was. Now I know, to steal everything they can. The ultimate criminal organizations, they make the Mafia and Catholic Church look like amateurs.
Mar 17, 2011 at 2:08 PM | Unregistered Commenterj r
jr's comment is the best..
Mar 17, 2011 at 3:06 PM | Unregistered CommenterInurface
Forget the banksters..........Where is GENERAL ELECTRIC.??????
Mar 17, 2011 at 3:50 PM | Unregistered Commenterhgarner
They got away with the PCB problem some years ago.
Mar 17, 2011 at 4:00 PM | Unregistered Commenterjohn
I don't know about bankers but feel inclined to point out that Japanese investors have withdrawn a lot of money this week to invest in rebuilding their country. That's Hell-a-patriotic I think and deserves some apprieciation. Japanese are notorious for being honorable people, and we could all use a lesson. I remember the Ambassador was on TV Sunday and noticed he thanked everyone for the help they were giving, but he never asked for any help, never mentioned a way to donate money to help, or anything like that. I think it's because it would not have been honorable and they are too proud a people to actually beg for any help. And bankers, don't get me started about them.
Mar 17, 2011 at 4:43 PM | Unregistered CommenterDavol
I think were in the "End Times" here. Becouse in just a few years from now, we will have nothing left to give. They will have taken our last dollar for food, and we know what happens next.......?

God will come back to earth to take the Christiens home, and all that will be left on earth will be the Bankers, The Wizzered of O-Bama Oz", Reied, Nazi-Plosie, Creepy Fingers, & Hillery........................George Soros.

God sayth, "Crap" they distroyed them self's. All thats left are the Devils Scum of the Earth.............!
Mar 20, 2011 at 12:31 PM | Unregistered CommenterTexas Dar
Ah well, what did you expect from God ? He is just another entity that looks out for his brown nosers or was it brown shirts. I forgot it was something brown though
Mar 20, 2011 at 4:33 PM | Unregistered Commentermohawk

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
All HTML will be escaped. Hyperlinks will be created for URLs automatically.