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Exactly as one would expect, the prime beneficiaries of all of that pillaging continue to grow. The banks that almost brought the world economy to collapse but then received massive public largesse because they were "too big to fail" are now bigger than ever; as The Washington Post delicately put it: "The crisis may be turning out very well for many of the behemoths that dominate U.S. finance." Everything involving the government turns out well for these "behemoths" because they own and control the U.S. Government. Just this week, The Post detailed how the government and Wall St. are now so intertwined that banking executives are spending vast resources to increase their presence in Washington:
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As previously documented, Goldman Sachs itself has a virtual lock on the top Treasury positions no matter which party is in power. The vaunted bipartisan "Baucus plan" was literally written by a Baucus aide who just left her position as Vice President of Wellpoint to write the health care reform plan for the Senate -- a revelation which barely caused a ripple. And the Supreme Court is on the verge of striking down the few limits on corporate involvement in our politics, a ruling which may (or may not be) constitutionally defensible but which will flood American politics with so much corporate money that it will give new meaning to the term "oligarchy."
So with this massive pillaging of America's economic security and the control of American government by its richest and most powerful factions growing by the day, to whom is America's intense economic anxiety being directed?
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Read the full story. Click here.
5 COMMENTS:
Is that the Glenn Greenwald, the sock puppet guy?
lolz check it out, I finally put up that video game where you get to shoot up a corporate board room:
http://www.econocataclysm.com/kill-bernie-madoff-video-game/
Just pretend it's Goldman Sachs... MUAHAHAHA!!!!
That deal with the SC striking down any controls at all on corporate power really scares the hell out of me. I think "how much worse could it be?" Well... maybe we'll find out.
“Yet with recent scrutiny of latent Goldman interests in virtually every segment of the executive branch, Zero Hedge does find it oddly convenient, that in those dark (for Goldman Sachs) days, the two key people making capital markets related decisions were yet another two Goldman Sachs alumni: Hank Paulson and Eric Mindich. And we believe in the spirit of fake transparency so heavily endorsed by the President, it is worth at least attempting to get some additional information on the deliberations by the proxy entities that truly run this country’s economy and capital markets. ”
What Is Goldman Alum Eric Mindich’s Role As Chair Of The Asset Managers’ Committee Of The President’s Working Group?
http://www.zerohedge.com/article/what-goldman-alum-eric-mindichs-role-chair-asset-managers-committee-presidents-working-group
While I can see the outrage and enthusiastically support the media going after Goldman Sachs as Glenn Bech and Bill O'Reilly of the Fox News Network have done many times, I don't see why Salon would be upset over these same folk taking aim at Acorn. Sure, the crimes at GS need to be identified and the company needs to be prosecuted and reigned in but does that mean we ignore every other criminal organization until GS is brought to justice?
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