DAS PLAN!

I have been trying ti figure out why the rating agencies have been screwing over nations and, supposedly, banks. Just what is DAS PLAN? I think this is a major part of it. If you look at the news, Greece, Italy, Spain, and even cities and states in the U.S. are being forced to 'privatize everything from roads to prisons. So who benefits from all the downgrades? Who makes money? It all circles back to WALL STREET. Any thoughts?

May7: $tupidity, SOLAR WATCH is ON

WALL STREETS NEW CLOTHES

Can anyone please explain how raising the interest rates to Italy will help anyone?

I think people need to understand that the Emperor, Wall Street, has new clothes. In both Italy and Greece they have made loans impossible to pay off by raising interest rates. But, they don't lose at all. Either the EU bails them out-Wall Street gets paid, or, the nation defaults and Wall Street gets the spoils. And, to get bailed out, the nations must meet all kinds of requirements-lay off workers, loosen regulations and be indebted to international corporations or risk chaos.

This is also done to consumers. Those who are having financial difficulty get their credit card interest rates doubled, and more. Does this make sense? Does it make sense to raise mortgage rates when a consumer is on the edge? Why would it make sense to raise rates on a nation? While Obama is trying to ease rates for consumers, Banks are doing everything they can to increase fees and keep rates high.

Clearly, Wall Street knows they are in a win-win situation. They will always get their money and they get to dictate public policy. Is this really so hard to see?

HOW STUPID!

From the BBC:
"The Italian government's borrowing cost has risen as fears grow over political uncertainty in Rome.

The yield on Italian 10-year bonds rose from 6.37% to a euro-era high of 6.64%, before retreating to 6.53%.

It is feared that Italy, the eurozone's third biggest economy, could become the next victim of the debt crisis"

If you are having a minor problem paying your bills, and investors then UP your interest rate, won't you have a big problem?

Why are we letting investors control and dominate public policy? Isn't this what happened to the housing market. Loan at low rates to iffy customers and then raise interest rate later leading to foreclosure. These 'investors' are doing the same thing to nations. What is there real agenda? Why are they trying to force defaults and punishing the poor and working classes? Why are they 'nation busting?'

BIRTH PLACE OF DEMOCRACY TOLD DON'T INVOLVE CITIZENS

WHAT IRONY! The birth place of western democracy, Greece, is basically being told by the West not to be democratic by holding a public referendum on the Greek deficit crisis.

The Greek citizens did not create the crisis, but are being asked to pay the price for the sins of a few politicians and the banks.

Sound familiar? A similar situation occurred in Iceland and the people said no, twice, to paying off bad debts made by the banks. Did the world economy collapse? No. Why should it collapse if the Greeks get the right to say no to big money interests? What is really disturbing is the total lack of concern for people, and the total obsession with ensuring that bankers and investors make profits. This same scenario is happening around the world. Bailout/bonus mania is a disease that just does not respond to medication. The more they get, the more they want, regardless of the consequences to men, women and children. They don't care if you lose your home, can't feed your family, can't afford health care and can't find work.

How long must we sing this song?

WHO PAYS

While there is some touting about the EU financial plan agreement, the question is: WHO PAYS! All well and good to promise trillions of dollars, but unless they plan on just printing the money, who will pay for the losses and who will re-capitalize the banks? Beware government bailouts as they fall on the backs of you, me, and working people everywhere!