recovery will fail unless we break the financial oligarchy

Discussion in 'Wall St. News' started by flytiger, Mar 27, 2009.

  1. * The Quiet Coup *

    The Quiet Coup

    <<< The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises. If the IMF’s staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we’re running out of time. >>>

    Simon Johnson

    Full story in the May 2009 issue of the Atlantic
  2. ps, when is Angelo Mozilo going on trial for war crimes?
  3. poyayan


    I thought changing party will right this somehow, but still the same shit. Stuffing taxpayer money to these financial oligarchy.

    What does it take to tell these banks to f**k off?
  4. zorro


    Don't blame the banks, blame the government and the US citizens who have for so long been addicted to easy money.

    At the top you have the drug grower - Government
    Then you have the dealers - Banks
    Then the addicts - People

    Now you have the growers and banks coming together to work out a solution. Who needs who more? The only fact is that the addicts are just required to stay addicted, and as long as they are, can be ignored.
  5. Mvic


  6. mokwit


    Government by the corporations for the corporations.