Wednesday, March 25, 2009


... by the cartel of financial institutions.

If you haven't read the Rolling Stone article Big Takeover by Matt Taibbi.

It's over — we're officially, royally fucked. no empire can survive being rendered a permanent laughingstock, which is what happened as of a few weeks ago, when the buffoons who have been running things in this country finally went one step too far. It happened when Treasury Secretary Timothy Geithner was forced to admit that he was once again going to have to stuff billions of taxpayer dollars into a dying insurance giant called AIG, itself a profound symbol of our national decline — a corporation that got rich insuring the concrete and steel of American industry in the country's heyday, only to destroy itself chasing phantom fortunes at the Wall Street card tables, like a dissolute nobleman gambling away the family estate in the waning days of the British Empire.

1 comment:

  1. An irony is that AIG's insurance business is doing well. Unfortunately, insurance is only a tiny part of what they do. Most of it is trading bs commodities and derivatives.


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