Democracy for Vancouver

I just heard my favorite congressperson, Peter DeFazio of Oregon, on with Randi Rhodes say that:

(1) credit unions are doing just fine (they’re owned by their members, and are an atypical corporate creature); and

(2) businesses are turning to credit unions after being denied credit by their commercial banks; and

(3) those commercial banks are refusing their customers - even those with good credit - because of pressure from the FDIC. And this pressure is not due to bank solvency.

This means, once again, that BushCo is manipulating the system for political gain and propagandizing the populace with their DOOM! DOOM! DOOM! rhetoric.

BushCo wants a credit crunch in order to get Congress to go along with its fat cat handout.

There is no crisis except in top-2% land, where profits are threatened and the elite oligarchs are so used to the short-term, high-return payout that they idea of buy-and-hold seems like a life sentence.

And they’re willing to throw the stock market down the toilet and risk runs on banks - like WaMu last week - to truly destabilize the banking system with real bank failures.

Bush, Cheney, Paulson and their cohorts across the financial services sector are murderous vultures, trying to pick the country clean before Bush rides into the sunset and a Democratic president can come in and try to restore some honor and decency and fundamental fairness to the U.S. government.

Don’t give in.

Not. One. Inch.