Financial Exploitation Quotes
Samuel Langhorne Clemens, 1835-1910. He was instrumental in being one of the major writers who made the American public aware of the fact that the very wealthy sometimes systematically committed crimes involving money and in much larger crimes than the poor criminals.
The Congressman was notorious for his extreme and unusual views of things. See {606976} for another of his extreme statements which turned out to be untrue. McFadden quotations are sometimes used to show that there is almost no limit to how absurd a view a politician in general, or a member of Congress in particular, might take and make public.
Summarizing his conclusions of the Judiciary Committee investigations regarding Wall Street and the bankers' role in the Great Depression:
There were little controls over usury in his time in India. Villagers often paid 500% or more to borrow money in a necessity like needing critical health care.
some of the 1 percent Not all of the superrich in America are like this. Bill Gates and Warren Buffet, two of the richest Americans, for example, are supporters of these important programs for many citizens. However, the Koch Brothers, Senator Sanders best example, had $87 Billion and earned $12 Billion more that year. Yet they also made great efforts and spend large sums of money to take away the Social Security, Medicaid.
This statement during the First World War so frightened the Woodrow Wilson administration that they jailed Debs for saying it and other similar statements like {640245}. The statement was generally suppressed with few newspapers carrying it. The problem for the administration was that enlistments might decrease and force them to draft the wealthy and their sons which was, with very few exceptions, not acceptable to the “upper classes”.
