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Looting American Cities

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The following is a segment I watched on Democracy Now this morning. As a home and property owner in Eureka, this situation shook me out of some of my complacency regarding our local county and city representatives activities. The people in the city of Birmingham in Jefferson County Alabama were sued by the EPA for a faulty sewer system and were forced to build a new one at a cost of $250 million. In the end, after the looting, the local taxpayers were left owing 5 billion; that BILLION with a “B.”

And we think the government works for us? What most fail to realize is that these exceptional elitist, Democrats, Republicans, Independents – you name them – with their phony wars, unrestrained banking, Wall Street gluttony and successive bailouts to name only some of the corruption along with successive governments betrayals and complicit behavior and deregulating laws, have destroy this country.


“Looting Main Street”–Matt Taibbi on How the Nation’s Biggest Banks Are Ripping Off American Cities with Predatory Deals


In a new article in Rolling Stone magazine, journalist Matt Taibbi takes an in-depth look at the experience of one small Alabama town and its disastrous dealings with Wall Street. Taibbi writes, “The destruction of Jefferson County reveals the basic battle plan of these modern barbarians, the way that banks like JP Morgan and Goldman Sachs have systematically set out to pillage towns and cities from Pittsburgh to Athens.” 

Read the rest of this debacle here. 


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