Saturday, August 9, 2014

Great Gap, Waxing Greater

I HAVE A CHECKING ACCOUNT, a savings account, a mortgage, and some stock with Bank of America, and have for a long time. Problem is, it seems that my bank is nothing other than a pack of crooks. Just yesterday the B o A forked over about seventeen billion, yes, billion, in fines to the feds, pleading no contest to some sort of fraud or corruption charge, you name it. What else is new. Seems like every few months the bank is hauled into federal court by the feds, who extract a bit of blackmail from the big bank.Or, seen another way, the big bank saves a lot of money, and a lot of tax payer money, by buying its way out of a bit of annoying, unfortunate, but certainly not terribly harmful trouble. If memory serves, most of America's major corporations have rather lengthy rap sheets, but they keep right on profiting on, in an atmosphere of government deregulation, widespread citizen apathy,and the legacy of Reaganomics. What's good for the Bank of America is good for America, so it goes, and enough of the ninety nine percent still believe that rubbish that the revolution has yet to take hold. The problem is Colorado is that the big money from marijuana sales cannot be deposited in banks with a federal charter, because marijuana is still a federal crime. One can easily understand somebody not wanting to do business with a bunch of sleazy criminals operating on the edges of society, but, the pot dealers have to put their money somewhere, to paraphrase Bill Maher, just like the rest of us. Erstwhile, the great gap between the one percent and the ninety nine percent waxes ever greater.

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