The Nation argues in this piece that the bank investment by the Treasury is an attempt to ensure the status quo of American financial power. I could not agree more. Not quite a six sigma event but shocking enough to make public.
Paulson's Bailout Beast
Wednesday, October 15, 2008
I agree with The Nation....
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1 comment:
Good stuff -- "Our brand of state capitalism has no unifying slogan. It cannot explain itself to itself or to the public. At a cost of $2.25 trillion, it is a gigantic blind animal rolling around in a cave."
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