Posts Tagged ‘Citigroup’
Let’s Talk About “The System”
Back in the eighties there was an awful lot of talk about the nefarious “system”, a deep and dark conspiracy of the powerful to keep down the powerless. Before resentment became a tool of the right, it was a clarion call of the unreconstructed left, a youthful, incoherent, but somehow meaningful rallying cry that drove many a drunken, sophomoric conversation. You don’t hear too much about “The System” these days. Nobody seemed to care anymore, when “The System” was delivering them flat screen TVs and great opportunities to flip condos.
But it seems to me that it’s time to revive talk about “The System” because it’s become very clear what it is.
Undiluted socialism for the rich and influential, and the legal and enforcement system to protect it. Read the rest of this entry »
When Will Hank Paulson Be Done Wrecking The Country?
He’s got less than two months to do it, but it’s possible that by the time Obama gets into the hot seat, America may be in a very nasty depression. Take Hank’s words of wisdom for example on NPR.
November 13th.
Nobody is asking themselves anymore is there some major institution that might fail…
November 23rd
Ten days later and Citigroup’s stock is trading at well below the level where many institutional investors have to sell. Citigroup and the Government meet over the weekend to create a “bad bank” backed by the Government to park all Citigroup’s ‘toxic’ junk, so the bank can rebuild at taxpayer expense
Please, Hank, just go away.