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  1. hustleandfloe nailed it! B of A is part of the banking cartel waged on all of us but extortion is not the answer. Private mutual banking is the answer and I am driving folks out of B of A the old fashioned way. Creating value that a stock company can never provide or compete with. The pen is mightier than the sword and the internet is the greatest chance we have ever had to topple this crooked mess! You want answers, you want the truth, go to mises dot org and genwealth dot net and you can have a good start. Better be willing to be wrong to have it right.
    My second home is in former communist (still is) Hungary! I have a good idea where we are headed if we lose this battle. History never repeats, the nature of man always does! You worship that which you depend on! Make sure it is not government security!

  2. It’s not a cynical position to expect corruption given the degree of accepted secrecy with which the banks are allowed to collaborate with politicians and non-politicians (e.g.the Fed)- all using public money. You see the backdoor trillions going out through Maiden Lane??

    So, I don’t worry about the motivation for doing the right thing (whether the governor is genuinely anti-whatever). We can never read hearts, only actions. I don’t care that many say Lincoln didn’t want to sign the big proclamation. He did.

    This isn’t to say that I don’t believe that there is an honest and courageous statesman left among the lot of them. I’m saying we’re too far away and in too big a machine to judge.

    So let’s keep creating the pressure that would cause people, for whatever reason, to do the right thing.

  3. http://www.nytimes.com/2008/12/16/us/politics/16legal.html

    “But now some lawyers are beginning to suggest that the juiciest part of the case against Mr. Blagojevich, the part involving the Senate seat, may be less than airtight. There is no evidence, at least none that has been disclosed, that the governor actually received anything of value — and the Senate appointment has yet to be made.”

  4. Depositors’ checking and savings accounts are a bank’s capital. A complete withdrawal from a huge entity such as the State of Illinois would have been disastrous for BofA.

    Don’t cancel your BofA account just because they initially decided not to loan Republic Window and Door the money for the severance package. Cancel your BofA account because BofA already wields too much power and influence over national and local government, so much so that politicians’ abilities to do what they think is right for the people are compromised.

    Blagojevich may not be a saint, but believe me, neither is Bank of America.

  7. Call me jaded, but “corrupt politician” is an oxymoron. So I agree the coincidence in timing is stunning, but if the allegations are true then the Gov was wrong. If the charges are bogus, it don’t matter cuz the damage has been done. Was Blagojevich “Spitzered”? Probably. Does this indicate that TPTB have the goods on pretty much everyone and are just waiting to pull the rug? Maybe. Regardless, I don’t have a new-found confidence in “the system” … rather, just more disgust.

  8. This is not a Capitalist country, it is a country of organized crime–purposely hidden by a thin veneer of civility, among other covers and distractions. Will enough people see past the superficial and have enough common sense and courage to organize themselves?

  9. most politicians are in place BECAUSE of their propensities for corruption, infidelity, and other idiosyncracies that make them both exploitable and, because of dossiers on them from time-immemorial, expendable under the right circumstances. It’s just a question of enforcement, which stays lax, until the opportune moment.

    I would argue this is a spitzer-esque moment, and it’s the rule rather than the exception. It’s a time-tested tactic and employed often by the power-hungry and addicted.

  10. Catherine-

    Today was the first day of former Alabama Governor Don Seigelman’s appeal for his persecution and imprisonment. My guess is that Rove & Co. would do anything to take the focus off of that appeal, hence today’s “dramatic” announcements in Chicago.

  11. Hi Catherine,

    while I agree with what Gov. Blagojevich said, from what I’ve read his reasons for saying it were entirely self-serving (because he was angling for a union position). He doesn’t appear to be genuinely anti-BOA. I’ve been following the story over at talkingpointsmemo.com, and Chicago’s own Buzzflash.com, and it really does seem like this guy was corrupt to the hilt. (If you think he’s being played here, I’d love to read your opinion of how.) This doesn’t seem to be a Spitzer-like case at all to me. While I’d agree that his threats against BOA would be enough to take him out, even if, and especially if, he were a “white hat” kind of governor, it looks like he’s been building a case for himself for quite a while. It was only a matter of time, and it happened to coincide with his remarks about Bank of America.

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