The Big Takeover

From the Rolling Stone:

The mistake most people make in looking at the financial crisis is thinking of it in terms of money, a habit that might lead you to look at the unfolding mess as a huge bonus-killing downer for the Wall Street class. But if you look at it in purely Machiavellian terms, what you see is a colossal power grab that threatens to turn the federal government into a kind of giant Enron -- a huge, impenetrable black box filled with self-dealing insiders whose scheme is the securing of individual profits at the expense of an ocean of unwitting involuntary shareholders, previously known as taxpayers.

Thanks to John for the link.

Update: Full article from truthout.

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1 Comment

Our current economic crisis is a crisis of class, not merely of money. You know what is more shameful than AIG and just as costly? High school dropouts. While Wall Street tumbles, an entire class of people are sentenced to poverty.

http://www.huffingtonpost.com/keli-goff/a-scandal-more-shameful-tb184728.html

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  • Our current economic crisis is a crisis of class, not merely of money. You know what is more shameful than AIG and just as costly? High school dropouts. While Wall Street tumbles, an entire class of people are sentenced ...

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