“Gang-Rape of the American Dream”
Monday, March 23rd, 2009Best article yet on the financial crisis. Tells it like it all came down…in great detail. I can see it all now.
The Big Takeover
The global economic crisis isn’t about money – it’s about power. How Wall Street insiders are using the bailout to stage a revolution
MATT TAIBBI
Posted Mar 19, 2009 12:49 PM
“As complex as all the finances are, the politics aren’t hard to follow. By creating an urgent 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.
There is a reason it used to be a crime in the Confederate states to teach a slave to read: Literacy is power. [Italics mine]
In the age of the CDS and CDO, most of us are financial illiterates. By making an already too-complex economy even more complex, Wall Street has 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.”
Read the rest of the article here.
Zoe