Originally posted at www.gipsytim.com
Chris Markowski who hosts the excellent Watchdog on Wallstreet radio program has been one of the most constant and prophetic conservative critics of the Wall Street banking establishment. Mr. Markowski should know. He worked at a Wall Street bank himself for several years but Mr. Markowski is a man of honor and decency who finally became with the ethical black hole that is Wall Street. Despite his experience with crooked Robert Rubin-style Wall Street shenanigans, Chris Markowski is still a capitalist and now operates his own Markowski Investments in Florida.
Mr. Markowski has for years encouraged investors to avoid doing business with the big-name Wall Street banking houses like Goldman-Sachs and JP Morgan (run by Barack Obama;s favorite Wall Street crony Jamie Dimon). According to Markowski the best way for the American public to get even with the Wall Street banking fatcats who wrecked the US economy is to just stop doing business with them. I myself have followed this advice and no longer do business with Bank of America. My money now resides in a banking institution that did not receive bailout money from the Obama Administration.
The top ten offenders who took bailout money are:
- Citigroup (NY): $45 billion
- AIG (NY): $40 billion
- JPMorgan Chase (NY): $25 billion
- Bank of America/Merrill Lynch (NC): $25 billion
- Wells Fargo (CA): $25 billion
- General Motors (MI): $14 billion
- Goldman Sachs (NY): $10 billion
- Morgan Stanley (NY): $10 billion
- PNC Financial Services (PA): $7.58 billion
- U.S. Bancorp (MN): $6.6 billion
If you are doing business with these people, then you are part of the problem. As for me, I will no longer do business with Bank of America and even though I grew up in a Chevrolet family, my next car will not be a Chevy. To do anything else would be rewarding bad behavior.
Liars of the Left 