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...the real victims of the financial collapse in the US state of Alabama's most populous county are its poorest residents - forced to bathe in bottled water and use portable toilets after being cut off from the mains supply. And there is widespread anger in Jefferson County that swingeing sewerage rate hikes could have been avoided but for the greed, corruption and incompetence of local politicians, government officials and Wall Street financiers.
Investment bank JP Morgan Securities and two of its former directors have been fined for offering bribes to Jefferson County workers and politicians to win business financing the sewer upgrade. Six of Jefferson County's former commissioners have been found guilty of corruption for accepting the bribes, along with 15 other officials.
Sheila Tyson, a community activist in the deprived West End district of Birmingham, says people in the city are reaching breaking point. "These people are going to end up rioting about this," she says. "If they let this stuff happen they are going to get the biggest riot the South has ever seen. Over this sewer business. I can see it coming."
Originally posted by detachedindividual
Just been reading this on the BBC site and thought I'd share:
Now ask yourself this...
JP Morgan has had dealings all over the USA for decades, Like a few other large financial corporations they have their evil tentacles in everything. Are we all so dumb as to assume that they haven't repeated this criminality in other states too?
This is a great example of why OWS exists. And why it is only going to continue and the voices get louder as the crowds swell.
I'm guessing this hasn't been seen in any of your precious media either?
Originally posted by AnIntellectualRedneck
Sadly, I can predict the reaction of many of my fellow Americans:
They'll post a picture of extreme poverty in Africa and say "this is real poverty".
Because, apparently, they believe that people who break their ankle should be shown a picture of someone with a broken femur and told "this is real pain".
I'm guessing this hasn't been seen in any of your precious media either?
Just been reading this on the BBC site and thought I'd share:
Originally posted by Domo1
reply to post by detachedindividual
I'm guessing this hasn't been seen in any of your precious media either?
Just been reading this on the BBC site and thought I'd share:
I take it you mean American media?
I certainly hadn't heard about it thanks for the post. I thought price gouging was against the law... I think my water and power is about $300 every two months but I don't really pay attention. $300 a month for water/sewage seems ridiculous.
edit on 14-12-2011 by Domo1 because: (no reason given)
Originally posted by Vitchilo
Great find. But OWS won't do squat to change this.
OWS should just enter JPMorgan branches across the country and not leave till JPMorgan is closed and banned from the US.
If they cry, they can be tried for all the crimes they have committed in the last 100+ years of rape.
They can :
1- leave
2- be prosecuted
Their choice.