The American Empire in a Changing World


Thursday, July 26, 2012

''Obama and the Bank Protection Racket''

From more

''Wall Street knows, with great intimacy, that it is perched on the lip of the abyss, that the next crash can come from any number of directions, that all its faults are active and all its contradictions, acute. Global capital and its servants in government are haunted by the memory of their own near-death experience: the meltdown four years ago, when they were compelled by cascading events to share with the public the specter of financial Armageddon. The fascist cat has been out of the bag from the moment in September, 2008, when Treasury Secretary Henry Paulson issued not-so-veiled threats of martial law, should the Congress not accede to the bankers’ demands for a blank check.''
"The banksters must also be allowed to continue looting and rigging the system, since they cannot survive, otherwise."

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