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Democracy failure : Comments
By John Keane, published 20/4/2009The quest to extract folly from capital markets - to rein in the ruinous power of foolishly inflated expectations - may never fully succeed.
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Posted by mil-observer, Wednesday, 22 April 2009 2:03:55 PM
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http://www.marketwatch.com/news/story/Even-Jack-Bauer-couldnt-stop/story.aspx?guid={BE0D1772-A628-454D-80BF-C4484CEBA7DF} American government is now run by the 'Goldman Conspiracy' ..Portfolio magazine:"exposed"the"Goldman Sachs'conspiracy'to take over the U.S. financial system."..Read it in this context:America's financial sector has exploded from 19% of corporate profits in 1986 to 41% today,..They know why Wall Street must control Washington. Malone focuses on the incestuous"conspiracy"of Goldman alumni in Treasury,Bank of America,Merrill Lynch,AIG,Citigroup,Washington lobbyists and politicians. Scene 2.Huge conflicts motivating Wall Street's 'Trojan Horse' The Hammer's conflict of interest was invented purely to increase drama,..please remember that he worked at Goldman for three decades after serving under Nixon.He got $38 million his last year as CEO in 2006 before becoming Treasury Secretary. Then during the market meltdown six months ago the $700 million personal fortune he built at Goldman was threatened by Goldman's huge $20 billion derivatives exposure at AIG:Suddenly his responsibilities at Treasury merged with a strong self-interest in protecting his personal fortune....AIG was "saved." Scene 3.Wall Street's'quiet coup'also runs world's banking system ..in"The Quiet Coup,"Simon Johnson's great article in Atlantic magazine...A former chief economist at the International Monetary Fund,..Johnson also warns that America's"financial industry has effectively captured our government"and is"blocking essential reform." Scene 4. Wall Street used the meltdown to take over America's government Matt Taibbi,.."The Big Takeover,..how Wall Street insiders are using the bailout to stage a revolution.."As complex as all the finances are, the politics aren't hard to follow. By creating a crisis that can only be solved by those fluent in a language too complex for ordinary people to understand,the Wall Street crowd has turned the vast majority of Americans into non-participants in their own political future... in the age of CDS and CBO,most of us are financial illiterates." Wall Street "used the crisis to effect a historic,revolutionary change in our political system..transforming a democracy into a two-tiered state,one with plugged-in financial bureaucrats above and clueless customers below." part 2 http://www.marketwatch.com/news/story/Even-Jack-Bauer-couldnt-stop/story.aspx?guid={BE0D1772-A628-454D-80BF-C4484CEBA7DF} Posted by one under god, Wednesday, 22 April 2009 4:18:53 PM
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Kinda like handing a chastity belt and "home birthing" manual to a sobbing and bleeding rape victim.
BANKRUPTCY NOW
INVESTIGATE AND TRY THE CORRUPT
MAKE THE STATE DO ITS JOB