US Senator puts some startling facts out there in a speech reported on AlterNet:
"According to a recent study, the five conservative justices currently sitting on the Supreme Court are in the top ten most pro-corporate justices in a half century – and Justices Alito and Roberts are numbers one and two – the most anti-consumer in this entire time. The Chamber of Commerce is now a major player in the Supreme Court, and its win rate has risen to 70% of all cases it supports. Follow this pro-corporate trend to its logical conclusion, and sooner or later you’ll end up with a Supreme Court that functions as a wholly owned subsidiary of big business.
Look at where we are on the “Too Big to Fail” problem.
Five years ago, experts said the banks had to be bailed out because there was too much concentration in banking and one failure would bring down the entire economy. Now the four biggest banks are 30% larger than they were five years ago. The five largest banks now hold more than half of all banking assets in the country. Because investors know they are too big to fail, those big banks get cheaper borrowing, which, according to one study, adds up to an annual $83 billion subsidy from taxpayers—another benefit of being Too Big to Fail."
Go here to read the full piece "Elizabeth Warren's Powerful Speech: Supreme Court Is on the Path to Being a "Wholly Owned Subsidiary of Big Business"
"According to a recent study, the five conservative justices currently sitting on the Supreme Court are in the top ten most pro-corporate justices in a half century – and Justices Alito and Roberts are numbers one and two – the most anti-consumer in this entire time. The Chamber of Commerce is now a major player in the Supreme Court, and its win rate has risen to 70% of all cases it supports. Follow this pro-corporate trend to its logical conclusion, and sooner or later you’ll end up with a Supreme Court that functions as a wholly owned subsidiary of big business.
Look at where we are on the “Too Big to Fail” problem.
Five years ago, experts said the banks had to be bailed out because there was too much concentration in banking and one failure would bring down the entire economy. Now the four biggest banks are 30% larger than they were five years ago. The five largest banks now hold more than half of all banking assets in the country. Because investors know they are too big to fail, those big banks get cheaper borrowing, which, according to one study, adds up to an annual $83 billion subsidy from taxpayers—another benefit of being Too Big to Fail."
Go here to read the full piece "Elizabeth Warren's Powerful Speech: Supreme Court Is on the Path to Being a "Wholly Owned Subsidiary of Big Business"
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