You can’t beat the English language for surprises.
Frito-Lay, that huge distributor of snack foods, has bifurcated its business into two parts, one to sell “value” products like potato chips, the other, a new branch, will offer more sophisticated snack products. It reminds one of our current political system wherein both branches of congress solicit and receive millions in donations from banks. Even our president receives money from bankers, like Jamie Dimon, JPMorgan Chief. And this very day, while Dimon appeared before congress to explain how his bank lost two billion in a bad trade, these congressional recipients of donations from the banking industry were bifurcating their loyalties between their constitutents and the mother’s milk they get from Wall Street. During this 2011-2012 session, contributions from people and PACs associated with banks total over 18 million to federal candidates and the amount grows every dayjust. Mr. Dimon’s bank led the pack with 1.7 million in contributions, so far. Following WW II, strict banking regulations gave the country some of the best years workers and the middle class have ever enjoyed. However, in the past 30 years congress has removed virtually all of those regulations. The result? The hoi poloi class has been left behind and the banks now have all the money, doling out hundreds of millions in bonuses each year to its executives. Donations from banks to our elected officials have paid off in spades, all at the expense of the rest of us. Our nation has been bifurcated into two branches: the one percent rich and the 99 percent wondering what happened? AND ITS ALL LEGAL!