Back in the 1990’s, two banks merged (I forget the names) in direct violation of the Glass-Steagall Act. Then two more banks wanted to merge. Greenspan & Clinton merely repealed the act!One of our biggest threats today is that Banks, financial houses and corporations have grown so big, supported by so much money, that they have become powerful enough to defy state & federal law, and can force the levers of legislative power in their favor.(If they want, Medtronic & Burger King can let go, with a cheering crowd of other corporations down below, cheering them on!)
moosemin over 9 years ago
Back in the 1990’s, two banks merged (I forget the names) in direct violation of the Glass-Steagall Act. Then two more banks wanted to merge. Greenspan & Clinton merely repealed the act!One of our biggest threats today is that Banks, financial houses and corporations have grown so big, supported by so much money, that they have become powerful enough to defy state & federal law, and can force the levers of legislative power in their favor.(If they want, Medtronic & Burger King can let go, with a cheering crowd of other corporations down below, cheering them on!)
echoraven over 9 years ago
The cartoon would work both ways. .BTW, great post Moose.
ARodney over 9 years ago
There are countries that don’t have an IRS or equivalent department. You wouldn’t want to live in them.
braindead Premium Member over 9 years ago
Just more patriotic multinational corporations.
eddodt over 9 years ago
they DID follow the rules….me thinks I see an agenda showing.
manteo16nc over 9 years ago
Hey don’t pity the IRS! After all, their leader said they only obey the law “when we can”! They’ll get that lost money back—from you and me!