Thursday, February 18, 2010

Matt Taibbi On The Grifter Con Games Perpetuated On The Poor, The Underprivileged And The Unemployed By Goldman Sachs And Other Wall Street Firms

This is quite a hilarious and informative article.

In this article Matt writes about the dynamic we have remarked of on here quite a few times. That is, the circular scheme of the government bailing out Wall Street then Wall Street turning around and bailing out the government by buying its debt. As we have noted, this is likely the real reason Wall Street is not being broken up. That community banks and individuals within the U.S. are not likely to buy all of Washington's fraudulent debt so Wall Street is necessary in this fascist scheme. And, I mean fascist in the true definition of the word, not some off the cuff sarcastic remark.

Surprisingly, no one has written of this dynamic. Or at least no one I have seen.

posted by TimingLogic at 11:32 AM