“Corporations are not concerned with the common good. They exploit, pollute, impoverish, repress, kill, and lie to make money. They throw poor people out of homes, let the uninsured die, wage useless wars for profit, poison and pollute the ecosystem, slash social assistance programs, gut public education, trash the global economy, plunder the U.S. Treasury and crush all popular movements that seek justice for working men and women. They worship money and power.”
Chris Hedges
TC says:
Speaking of which, CNBC has been pumping JPM and specifically Jamie Dimon almost constantly over the last few weeks. Methinks something is cooking…. Dimon going to be Bernanke’s replacement? Geithner’s replacement? The media doesn’t put out that level of propaganda for no reason…
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12th December 2012 at 8:52 am
Nonanonymous says:
When companies are beholden to the stockholder, the .001 percent and presumably profit at any cost, who thought that was a good idea, besides the .001 percent? But hey, corps are peope, too, they just don’t have any souls except those they’ve captured.
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12th December 2012 at 9:20 am
Stucky says:
Nice definition. Replace “Corporations” with “Congress”, and that would be accruate also.
“I live in the Managerial Age, in a world of “Admin.” The greatest evil is not now done in those sordid “dens of crime” that Dickens loved to paint. It is not done even in concentration camps and labour camps. In those we see its final result. But it is conceived and ordered (moved, seconded, carried, and minuted) in clean, carpeted, warmed and well-lighted offices, by quiet men with white collars and cut fingernails and smooth-shaven cheeks who do not need to raise their voices. Hence, naturally enough, my symbol for Hell is something like the bureaucracy of a police state or the office of a thoroughly nasty business concern.”
—————- C.S. Lewis, The Screwtape Letters
Well-loved. Like or Dislike:
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12th December 2012 at 9:24 am
Administrator says:
Buffett is pushing Dimon to be Treasury Secretary.
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12th December 2012 at 9:25 am
Administrator says:
Berkshire Avoids 2013 Tax Hike, Buys Back BRK Shares
Submitted by Tyler Durden on 12/12/2012 09:45 -0500
Define irony: when the most vocal supporter of a dramatic change to the existing tax policy takes advantage of the last few days of the old one…
•BERKSHIRE HAS PURCHASED 9,200 OF CLASS A SHRS AT $131,000-SHR
•BERKSHIRE RAISED PRICE LIMIT FOR BUYBACKS TO 120% BOOK VALUE
•BERKSHIRE MAY BUY ADDED SHRS AT NO MORE THAN 120% BOOK VALUE
•BERKSHIRE BOOSTS BUYBACK PRICE LIMIT TO 120% BOOK VALUE VS 110%
A total $1.2 billion spent to avoid a few hundred million in new taxes. And now back to the hypocrticy of the “Buffett tax”, and “Patriotic Millionaires for America.”
Full release:
Omaha, NE (NYSE: BRK.A; BRK.B)—Berkshire Hathaway has purchased 9,200 of its Class A shares at $131,000 per share from the estate of a long-time shareholder. The Board of Directors authorized this purchase coincident with raising the price limit for repurchases to 120% of book value. Berkshire may purchase additional shares in the market or through direct offerings at no more than 120% of book value.
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12th December 2012 at 9:58 am