Monday, Mar 01, 2010
Lock them up
Counterpunch: The case against Bernanke and Greenspan
These two were warned by everybody over the years that they were facilitating fraudulent sales to homeowners and investors, but they allowed their banking buddies to skim the cream and to leave others to suffer. Here's a list of some of the many warnings to B&G, but they didn't just turn a deaf ear - they colluded to steamroll over those who tried to stop the scammers, e.g., all 50 states tried unsuccessfully to stop it but the Federal powers overruled them. (One for freemanphil's states' rights campaign.) Never mind "it's easy to see in retrospect" - it was there for all to see. The only ones who couldn't see were those who wouldn't see, who just happened to be the ones in power.
1 Comment
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1. Crunchy said...
I like your balance icarus. However, I sense a leaning. :)