Swindlers All, a Brief History of Government Business Frauds from Alexander Hamilton to AIG

Description

In the wake of the Great Recession of 2007-2008, millions of hardworking Americans lost their jobs and their homes, their retirements, and their income. However, the corporations that caused the Great Recession lost nothing and were, in fact, given trillions of dollars by the government in an unprecedented financial bailout. While over 16 trillion dollars went missing, not a single Wall Street executive was punished or even charged with a crime. This book chronicles some of the government and business frauds carried out throughout US history. These swindles were carried out by such Founders as Alexander Hamilton, George Washington, James Madison and Thomas Jefferson. Corruption was also at the core of the Andrew Jackson administration and played a key role in perpetrating the Panic of 1837, and government and business fraud was rampant in the construction of both the transcontinental railroad and the Panama Canal. Court rulings granting corporations the status of legal personage were part of a broader scam that extended greater constitutional and legal protections to corporations while denying Blacks and workers their own constitutional and legal rights. Government and business frauds of the 1920s played a prominent role in spawning the Great Depression of 1929, while funding and provisioning the US military has always been inundated with a wide variety of scams. In the early 1990s, government and business scams resulted in the collapse of the savings and loan industry, while the frauds of the early 21st century resulted in the Great Recession of 2007-2008. Today, all of the factors are in place to lead to yet another depression/recession which will be followed inevitably by a massive government bailout of banks and corporations. Dedication Table of Contents Introduction: Everything is Rigged 1 Founding Swindle: Alexander Hamilton and the Panic of 1792 2 Once Upon a Swindle Dreary: Andrew Jackson's Pet Banks, the Specie Circular, and the Panic of 1837 3 Transcontinental Scam: The Union Pacific Railroad, Credit Mobilier, and the Associates 4 Neither a Body to Beat nor a Soul to Condemn: Corporations, the Panic of 1907, and the Creation of the Federal Reserve System 5 International Swindle: Teddy Roosevelt, J. P. Morgan, and the Creation of the Nation of Panama 6 What’s Good for Wall Street is Bad for America: Fraud, Market Manipulation, and the Great Depression 7 War is a Racket: Government, Business, and the Military Industrial Complex 8 Dress Rehearsal to the Great Recession: Reaganomics, Deregulation, the “Thrifts,” and Enron 9 Too Big to Care: The Great Recession of 2007-2008 10 The Scorpion and the Frog Index