What's Wrong With Class Warfare?

What is wrong with class-warfare? If just ten years ago, the working class would have declared war on Executives who were taking multi-million dollar bonuses that had no basis in reality, other than to loot the financial systems, we would not be in this mess today. John Stewart in a -brilliant- Howard Beal rant on CNBC ‘s hypocrisy of criticizing the stimulus plan, when they served as street barkers, guiding passive investors into gambling casinos masquerading as financial institutions. It is absolutely amazing to me that a million people have not showed up on Wall Street in a day of protest, to demand that these motherfuckers go to jail.

I don’t understand a mentality that people who have been abused don’t have the moral standing to demand their abusers be punished. I walked around Midtown Manhattan 18 months ago, unbalanced by the displays of wealth. We are talking about Masareti Limousines 10 deep waiting to carry an executive 10 blocks; fifty million dollar apartments in the Time Warner Building along with a fifty million dollar summer home in the Hamptons. The American public was pimped, whored, bamboozled and ponzi-schemed by these thugs with a MBA, with Congress –democrats and republicans- holding their hands.

Newt Gingrich –Back To The Future- is on Meet The Press today criticizing Vice-President Joe Biden for rightfully calling that some of these CEO's be put "in the brig." This is the same Gingrich that as Speaker led a Republican dominated Congress to deregulate the markets. The Wall Street Journal recently wrote an editorial blaming the sinking markets on Obama's policies, which are two weeks old. This is the same Wall Street Journal that defended executive excess the last eight years, as "innovation". So now a young President who inherited a global meltdown is having to call up the New York Times to defend himself from a socialist label, because he is attempting to bring some kind of coherence to this madness.

Frank Rich –The Edward R. Murrow of the 21st Century- writes in the New York Times with unmatched eloquence at how these Upper East-Side thugs were paying $80,000.00 for teddy bears. Unless the working class, middle class, and working poor declares war on this foolishness, the next generation will have to deal with this same mess.

And how do you declare war. Just get mad, get mad as hell and say i am not going to take it anymore.

Appoint Elliot Spitzer As Attorney General

Remember how Spitzer was burned at the stake for paying for a prostitute? A high-paid, fine-ass prostitute I might add! Many of the folks throwing wood on his funeral fire were Wall Street executives, whom Spitzer as New York Attorney General had relentlessly prosecuted. As the cascading meltdown of major brokerage houses continues, it has become clear that Barack Obama should appoint Spitzer as the next U.S. Attorney General, with the mandate to brining the full weight of the federal government down on every thieving motherfucker on Wall Street, along with their enablers in Washington.

This debacle is not the result of bad business decisions. The banks and brokerages houses created exotic paper instruments that they continually sold and resold to each other collecting staggering fees and paying obscene bonuses on each new transaction. This is organized crime at the highest level.

This is the end game of 20 years of thievery with the blessing of Republican Regulators starting in the Reagan Administration. The Clinton Administration whored themselves out to Wall Street with the same vigor of the republicans. And like the republicans before them and after them, they left government for lucrative Wall Street jobs. Bill Clinton, Raul Emmanuel, and Al Gore all dipped their tip in the Wall Street “Casinos “ as Diane Francis so aptly named them in the Huffington Post.

Let’s call this what it is: The Ultimate White Boy Affirmative Action. This financial meltdown is the result of a relative small group of white men, from a relative small group of schools, who gamed the system for billions of dollars and when the chickens come home to roost, their classmates in Washington bails them out so they can start the plundering all over again. Remember the Savings and Loan bailouts? Financial Guru James Grant said “Capitalism without financial failure is not capitalism at all, but a kind of socialism for the rich”

According to Francis, Spitzer for years attempted to control mortgage practices in courts across the country. His chief adversary was the Bush administration. Spitzer was the most despised person on the street because of his tough stand on corruption at the banks and brokerages houses. And he did this without any support from the SEC, whose job was to prevent the very thing that has happened. The Justice Department was too busy saving the country from street level crack dealers and too failed to take seriously its oversight of this gang rape of the financial markets.

President Obama, with great courage, you turned down Wall Street 20 years ago, for the greater good of your country. Do us one more favor. Appoint Elliot Spitzer as Attorney General and let him do what he does best, lock up these Harvard educated dope dealers, working the most expensive street corner in the world. And if he wants to dress up as a woman and get it on with $5000.00 an hour hookers, I say make it a part of his bonus package. It’s a hell a lot cheaper than giving Fannie Mae and Freddie Mack trillions of dollars of our hard earned money.