SEcond of all, they are totally misreporting what happened between 2007-2009, by saying "....
which allowed financial corporations to convince the government to bail them out to the tune of $12.8 trillion". False. That is not what happened and its recorded and on video if these authors wish to check it out.
What happened was "THE HOUSE TURNED DOWN THE BAILOUT" and thus the goldman sachs vampire squids turned to the senate who voted for it so fast it felt like they were french whores on a holiday, WHO GOT PAID like French Whores on that same holiday. Ok, so then it was back to the house to get them to turn the vote around. THE VOTE WAS PASSED, NOT BECAUSE THE BANKERS "CONVINCED THE CONGRESS" TO PASS THE BAILOUT, BUT BECAUSE PAULSON THREATENED THE CONGRESS WITH MARTIAL LAW IF THEY DID NOT PASS IT AS DRAFTED." Now Global Research knows this, so why are they not telling us the truth????
By: Devon DB
The internal colonization of America by elites can be seen most starkly in the financial sector, specifically in the 2007-2009 economic crisis, the effects of which are still being felt. There was mass panic about the near global economic collapse which allowed financial corporations to convince the government to bail them out to the tune of $12.8 trillion , yet, once the dust cleared, the very banks that caused the crisis in the first place only grew larger. Bloomberg noted in April of this year that Bank of America, JP Morgan Chase, Wells Fargo, Goldman Sachs, and Citigroup had combined assets that “amounted to 43 percent of US output” in 2007 but after the crisis those same banks now “held $8.5 trillion in assets at the end of 2011, equal to 56 percent of the U.S. economy,”  meaning that their combined percentage of the economy had increased by thirteen percent.
While the near collapse of the economy led to large amounts of growth for the banks and therefore the banksters getting massive bonuses, it had a devastating impact on average Americans. While one can go and generalize about the number of jobs and houses lost, it is much more telling to go and look at the actual numbers. After the crisis ended, it was stated that the entire fiasco “cost the U.S. an estimated $648 billion due to slower economic growth” which translated into “an average of approximately $5,800 in lost income for each U.S. household.”  It was also found that 5.5 million more jobs were lost than were predicted in the Congressional Budget Office forecast of 2008.
The effects of this recession has not only resulted in droves of Americans being left destitute and unemployed to the point where just last year one million of them applied to McDonalds , but has also left towns and cities on almost utterly destroyed.. A 2011 IHS reported revealed that there were “37 metropolitan areas which are not expected to return to peak employment until after 2021” and that
Yet, this internal colonization happens on an even more horrendous scale environmentally. Mining companies such as Massey Energy, now owned by Alpha Natural, engage in a horrid practice called mountaintop mining which is defined as “a surface mining practice involving the removal of mountaintops to expose coal seams, and disposing of the associated mining overburden in adjacent valleys -- ‘valley fills.’”  Mining practices such as these allow corporations to get at the resource faster and thus extract more easily and cheaply as well as it allows miners more safety since they do not have to actually go down into the mines. While this may be good for the corporations, it is nothing but horrible for the environment. A 2007 Wired article stated that
According to the Environmental Protection Agency, MTR destroyed more than 1,200 miles of Appalachia's streams and 7 percent of its forests between 1985 and 2001. Approximately 800 square miles of mountains were leveled.
According to a rough estimate by West Virginia University bio-geochemist William Peterjohn, the deforestation could add as much as 138 million tons of carbon dioxide into the atmosphere -- and that's not even counting the even-larger CO2 emissions from burning the coal. 
2: PBS, The true cost of the bank bailout, http://www.pbs.org/wnet/need-to-know/economy/the-true-cost-of-the-bank-bailout/3309/ (September 3, 2010)
3: David J. Lynch, “Banks Seen Dangerous Defying Obama’s Too-Big-To-Fail Move,” Bloomberg, April, 16, 2012 (http://www.bloomberg.com/news/2012-04-16/obama-bid-to-end-too-big-to-fail-undercut-as-banks-grow.html)
4: Pew Charitable Trusts, The Impact of the 2008 Economic Collapse, http://www.pewtrusts.org/our_work_report_detail.aspx?id=58695 (April 28, 2010)
5: Andy Kroll, “How the McEconomy Bombed the American Worker,” Truthout, May 9, 2011 (http://truth-out.org/index.php?option=com_k2&view=item&id=998:how-the-mceconomy-bombed-the-american-worker)
6: 24/7 Wall St, Ten Cities That Will Take A Decade To Recover From The Recession, http://247wallst.com/2011/06/22/ten-cites-that-will-take-a-decade-to-recover-from-the-recession/ (June 22, 2011)
7: ABC News, Census date: Half of US poor or low income, http://www.cbsnews.com/8301-201_162-57343397/census-data-half-of-u.s-poor-or-low-income/ (December 15, 2011)
8: U. S. Environmental Protection Agency, Mid-Atlantic Mountaintop Mining, http://www.epa.gov/region3/mtntop/
9: Brandon Keim, “Blowing The Top Off Mountaintop Mining,” Wired, September 10, 2007 (http://www.wired.com/science/planetearth/news/2007/09/mountaintop_mining?currentPage=all)
10: University of South Carolina, Mountaintop Removal: Effects on Human Health and the Environment, http://law.sc.edu/environmental/papers/200841/eas/chhotray.pdf
The article is reproduced in accordance with Section 107 of title 17 of the Copyright Law of the United States relating to fair-use and is for the purposes of criticism, comment, news reporting, teaching, scholarship, and research.