This is the time when billions of dollars are given out as “bonuses” to executives at Wall Street firms. Billions are given out even though these firms lost billions.

It seems that Wall Streets always rewards its “geniuses” who manage to devise ways to rob and fleece investors and who think of new and innovative ways to wipe out the small fortunes of millions of investors and award them billions to those” geniuses” who always take the nation and the people to greater financial risks.

We have seen this many times before. Billions were awarded to these greedy crooks masquerading as “financial geniuses” during the Saving and Loan debacle, during the Junk Bond fiasco, during the Enron and WorldCom fraud. Billions went to these geniuses for devising ways to rob from the poor and give to the rich.

The tens of billions lost by these Wall Street firms did not come about from nothing. There was deliberate policy and yes “genius” ways to use the billions of cheap money they have on hand to make a killing for their firms knowing full well that they are going after a market that put millions of citizens at risk. They made billions in awards for the last few years knowing full well the fraud will catch up with their firms who will lose tens of billions. But then who cares?

Wall Street firms went after certain segment of consumers who are at great risk and who they knew will be unable to meet their financial obligations. Wall Street genius executives went after “subprime” loaning billions of dollars of “other people money” yours and mine and they decided to lie and cheat and commit fraud to get more and more “subprime” people to sign up for mortgages they could not afford.

These financial geniuses decided to lend billions of dollars to people who they know well, are they are having difficulty making ends meet. They lied to these poor and unsuspecting people selling them mortgages with catchy phrases only to hook them and make a killing on selling mortgages they knew are bound to fail and someone will get stuck with it. Certainly not these “geniuses” they always get their bonuses.

Of course under Republican administrations Wall Street executive feel free to engage in big time fraud and get away with it. America under Republican administration always rewards greedy crooks who rob the nation blind and always make sure they puts the average citizens under the mercy of greedy and morally and financially corrupt Wall Street. It is too bad our Congress, funded for the most part by lobbyist and big time crooks does not care about the rights of citizens and see nothing wrong with people loosing their life time saving to greedy and crooked Wall Street as long as members of Congress can count on lobbyist to keep the money flowing.

Perhaps and after so many financial scandals, it is time for average citizens and average investors to withdraw their money from Wall Street and put in local corporations and businesses where they can keep an eye on their money and investment. After all this, how can any one have faith and trusts in Wall Street “geniuses” who are nothing more than greedy crooks? One Wall Street executives who was getting paid $30 millions a year as investment advisors to Enron and WorldCom kept advising investors to make more investments in these firms knowing well they were “cooking” the books. This is the kind of Wall Street “geniuses” who are going home with billions of dollars in reward for cheating the nation and cheating you and me. Time to put Wall Street out of business.

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