“A piece of legislation passed by Congress in 2006, the Pension Protection Act, became a bonanza for the mutual fund industry. The Investment Company Institute (ICI) and mutual fund giant Fidelity successfully lobbied for automatic enrollment with defined contribution retirement plans such as 401 (k) and 403 (b) plans. The act virtually guaranteed the mutual fund business additional trillions of dollars in assets and billions in fees….”

Not only do the bankers and the financial industry have their greedy paws deep in your pension, they’re working day and night to make themselves even more unaccountable than they already are:

“With the stench of Enron fading away, Wall Street and corporate America are looking for less regulation once again and looking to regulate Sarbanes-Oxley. Some committee members read like an “in crowd” of Wall Street and its suppliers – Kenneth Griffn, CEO of Citadel Investment Group, one of the larger hedge funds in America, made over $210 million in 2005. Samuel Piazza, Global CEO of Price Waterhouse Coopers; Robert Glauber, Harvard Law Sschool porfoessor and former chairman and CEO of the NASD; Cathy Kinney, President and COO of the NYSE; William Tarrett, CEO of Deloitte; Robert Pozen of Massachussetts Financial Services; James Rothenberg, Chairman Capital Research and Management; and Thomas Russo, Chief Legal Office of Lehman Brothers…”

Barry Dyke in “The Pirates of Manhattan,” PP. 26 and 61.

Who among the candidates is talking about the disease itself and not the symptoms? Only Ron Paul.

Here he calls for the government to “Bring back honest money”at Lew Rockwell.

“The advantages given banks and other financial institutions by our fiat monetary system, which is built on a foundation of legal tender laws, allow them to realize revenues that would not be available to these institutions in a free market. This represents legalized plunder of ordinary people. Legal tender laws thus enable the redistribution of wealth from those who produce it, mostly ordinary working people, to those who create and move around our irredeemable paper.”
Unending capacity to create money allied to lack of unaccountability to anyone – is that a definition of absolute power? And we know what comes of that:

“The issue which has swept down through the centuries and which will have to be fought sooner or later is the people versus the banks….all power corrupts, absolute power corrupts absolutely.”

Lord Acton, 1887.