Yesterday - Jefferson County, Alabama filed bankruptcy - and became the latest victim of the high crimes on Wall Street. The decision made by Jefferson county to file bankruptcy represents the largest-ever municipal bankruptcy in American history. In a twisted scheme of corruption and financial manipulation - mega banks JP Morgan Chase and Goldman Sachs allegedly paid off elected officials to invest in junk bonds to help finance a new sewer system.
But when the junk investments went bust - so too did Jefferson County - running out of money. Meanwhile - the mega banks were unscathed - making enormous profits off of fees. From ripping off customers with fine print and overdraft charges - to swindling an entire county - it's all in a day's work for the banksters on Wall Street.
That's why all need to get out there and OCCUPY SOMETHING!
-Thom
(Is your county in the same boat? Tell us here.)
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