Power and Privilege
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Transcript of Power and Privilege
![Page 1: Power and Privilege](https://reader036.fdocuments.us/reader036/viewer/2022062514/558e79e31a28ab622c8b45c6/html5/thumbnails/1.jpg)
What prompted
me to write the book?
![Page 2: Power and Privilege](https://reader036.fdocuments.us/reader036/viewer/2022062514/558e79e31a28ab622c8b45c6/html5/thumbnails/2.jpg)
Throughout my life I had noticed and made mental notes of abuses by a small minority of people to the
detriment of the vast majority
![Page 3: Power and Privilege](https://reader036.fdocuments.us/reader036/viewer/2022062514/558e79e31a28ab622c8b45c6/html5/thumbnails/3.jpg)
The abuses were often disguised as – Family values – Customs – Culture – Tradition– Religion– Progress– Patriotism– Democracy– Justice
![Page 4: Power and Privilege](https://reader036.fdocuments.us/reader036/viewer/2022062514/558e79e31a28ab622c8b45c6/html5/thumbnails/4.jpg)
So, why now?
• The abuses by corporate executives got rather blatant in the last decade
• In 2008, the securities fraud at Wall Street’s biggest investment firms was beginning to unravel and the news headlines were getting more alarming
For example:
![Page 5: Power and Privilege](https://reader036.fdocuments.us/reader036/viewer/2022062514/558e79e31a28ab622c8b45c6/html5/thumbnails/5.jpg)
“Ex-bosses convicted of AIG fraud”
“You [the tax-payer] Paid For It [junket]: AIG's Retreat Destination, Up Close”
![Page 6: Power and Privilege](https://reader036.fdocuments.us/reader036/viewer/2022062514/558e79e31a28ab622c8b45c6/html5/thumbnails/6.jpg)
“Fannie, Freddie get federal grand jury subpoenas”
“FBI Investigating Potential Fraud by Fannie Mae, Freddie Mac, Lehman, AIG”
![Page 7: Power and Privilege](https://reader036.fdocuments.us/reader036/viewer/2022062514/558e79e31a28ab622c8b45c6/html5/thumbnails/7.jpg)
“No Longer Ready to RetireIn Economic Crisis, Nest Eggs Vanish, as Do Long-Held Dreams”
“Worst year for jobs since '45”
“Fed Chairman Warns of More Foreclosures”
![Page 8: Power and Privilege](https://reader036.fdocuments.us/reader036/viewer/2022062514/558e79e31a28ab622c8b45c6/html5/thumbnails/8.jpg)
•“2008 foreclosure filings set record”
•“Homeless numbers alarming”
“Why Isn't Wall Street In Jail?”
Uncensored News For Real People
![Page 9: Power and Privilege](https://reader036.fdocuments.us/reader036/viewer/2022062514/558e79e31a28ab622c8b45c6/html5/thumbnails/9.jpg)
So, by 2008, my frustration with the blatant abuses by the entrenched power brokers
reached a critical point
I had to break my life long silence!