World Gone Mad - new law allows banks to bank profits on losses

6:15PM Wachovia names Robert K. Steel CEO and President; Co expects to report a Q2 loss of $1.23-1.33

WB expects to report an after-tax loss available to common stockholders of $2.6-$2.8 bln or $1.23 - $1.33 on a per share basis for the quarter, excluding goodwill impairment charges, may not be comparable to $0.17 consensus.
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The Supreme Court has ruled that providing politicians with money, in accordance with campaign finance laws and limits, is constitutionally protected free speech.

That is one of the biggest reasons the United States is on a clear trajectory towards becoming a rich man-poor man state, with a rapidly shrinking middle class.

Will Americans ever rise up and threaten their representatives with recall petitions, in order to reject the lobby-mode politics that sacrifice their interests to those of corporations, domestic and foreign?

Is there a pain threshold that must be reached first?

Or will the sheep lie down gracefully, willing participants in their own slaughter?
 
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