So much greed and nobody cares

Seems almost like we are living in sci-fi movie. If we skip all fake news about the new war in middle east and all fake news about Trump, I guess, we got almost nothing to read in commercial media any more... The mark of an advanced technology is that it is indistinguishable from magic. The mark of an important technology is that it becomes invisible - that we fail to notice when we are using it. But who has the stronger pull, Fear or Money?

source: contract law

The fact is, that as many as one third of senior officials from the European Commission went to work in the financial sector between 2008 and 2017 or came to work from the financial sector into the European Commission.

A third of senior officials at the European Commission's Directorate-General for the Banking and Financial Sector (FISMA) came out of the financial industry after the financial crisis or went there from the European Commission in the aftermath of the financial crisis, according to a new report by the non-profit organization Corporate Europe Observatory. It is difficult for those people to say that they are working in the interests of ordinary EU citizens. Against this background, it is not surprising that EU legislation adopted after the outbreak of the financial crisis gradually eliminates those somewhat weak but strong chains by locking banks and financial corporations in order to prevent them from engaging in operations that have caused the financial crisis.

source: azquotes einstein

A study of the ALTER-EU coalition showed that as many as 92% of the meetings at the Directorate-General for Financial Stability, Financial Services and the Capital Market Union (FISMA) were organized with people representing the interests of businesses. The vast majority of these people represent the interests of the financial industry. Only 8% of all meetings with representatives of non-governmental organizations were with people who do not represent the interests of businesses.

On the Corporate Europe Observatory they point out that Directorate-General, in consultation with stakeholders in the FISMA during the preparation of the regulations for the control and regulation of the financial sector has not provided a balanced representation between the company representatives and representatives of the public interest. Interest representatives prevail even in the expert groups that advise the European Commission.

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So the financial industry actually writes the legislation......to itself!

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Senior officials transferring from the European Commission to financial companies will carry with them inside information and links that they use for the benefit of businesses as new employers. For officials who come to work in the European Commission directly from banks and other financial institutions, it is not clear whether they work as officials paid by European taxpayers in the public interest or for their own benefit, with the goal of returning to the private companies, where they will occupy higher positions.

Meanwhile in US, fast food industry sells you the fast food, that gives you the diarrhea, and then they sell anti diarrhea medicine to cure the diarrhea. Same is happening with defense contractors who supply all the weapons to go kill people and then they also sell the insurance products to help people get over from there being maimed - by the same very same corporation so the shareholders are getting both ends of the stick.

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