December 13, 2008

New Victims of Bank Abuses

Face it. The banking sector, abetted by Democrat and Republican
deregulatory policies, ran amok the past couple of decades. People have been abused by the banks.

Isla Vista, CA B of A
Burned in Feb. 1970

That abuse has claimed many victims. We usually think of these victims in terms of people loosing their homes to foreclosure, bank mismanagement leading to an unnecessary credit crunch preventing small businesses from making payroll on time, and retirees loosing their savings. But today, we have several new victims.

Apparently someone wanted to get even with the banking industry and planted a bomb in a bank in Woodburn, Oregon. The unfortunate victims were a police officer killed, the police chief and a State bomb technician injured. Ultimately, the banks and those who pushed the deregulation are to blame. This is an example of the long term costs that result from short sighted policies.

When you think of the current economic crisis in historical terms, you can tell your grandchildren that "Anger with banks was so intense that it led to at least one bank being bombed." Something tells me we haven't seen the end of this type of reaction.

Psssst... Do Something


Associated Press, Bank blast kills police officer in Oregon, December 13, 2008.



The Future Was Yesterday said...

"Something tells me we haven't seen the end of this type of reaction.

This is going to make me sound like an IRA radical, which I'm not. But all other measures have failed.....

They just need to be more "selective."

GDAEman said...

You're not alone in people thinking about tactics. The author Arundati Roy is also asking that question This short video.

libhom said...

Things just keep deteriorating while the politicians play games. It's truly disturbing.

GDAEman said...

LH, Actually, the many in the political class is enriching itself in the face of the coming debacle. The system is so deeply flawed that deep change is needed, and the politicians are unable to make those changes.