Safety Net
Friday, July 22nd, 2011
It is a safety net designed to break WallStreet slow enough to allow both the politicians to flee?
It was destined to fall slow enough to allow time for the politicians who gather there bricks of gold and leave the country?
No, much worse. "The endless invocations of the virtues of private enterprise, individual initiative and self-reliance, used to demonize socialism and defend a system that leverages the large majority in favor of a financial elite, have been exposed as a fraud. When it comes to big capital, losses are socialized. Only earnings are remain private. The same forces who year after year have inveighed against "big government" to justify the elimination of legal barriers to the accumulation of corporate profits and private fortunes, and proceed to the destruction of social safeguards for the working class, developed a massive expansion of government power to safeguard the interests of the financial elite. The rescue has shown the real relations of political power and influence behind the façade of U.S. democracy. The largest government bailout of private enterprise in world history-whose ultimate cost to taxpayers is likely to reach hundreds of billions-was sanctioned previously by the Democratic Congress and given instant approval by the leaders of both parties and both presidential candidates. There was no investigation the largest financial scandal in world history. Neither party is interested to highlight the fraud and shenanigans of Wall Street moguls, because both are tied hand and foot to those responsible for the financial meltdown. What was revealed in the U.S., behind the veneer of democratic institutions increasingly ragged, a plutocracy, the political dominance of the rich. When it comes to the fundamental interests of the financial aristocracy, both parties and all official institutions of the pressure of society to care and do the bidding of their masters on Wall Street. "
Maisonneuve Says EU Deal Creates ‘Safety Net’ for Banks
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