Friday, Oct 16, 2009

Who's still in charge... That would be the bankers

The Atlantic: The Quiet Coup

Here's a comment from former IMF chief economist, confirming what many have said - that our governments are owned by the financiers, and we will all continue to suffer the consequences.
If anyone is any doubt about this, ask yourself: why has the biggest fraud in financial history ( securitised toxic financial products ) gone unpunished?
To this day, not one of those responsible for this massive fraud has been jailed, and not-one of the "reputable" rating agencies who gave AAA ratings to this financial poison has been prosecuted either. Yet a big song and dance has been made of the prosecution of the minnow Madoff. All a smokescreen of course.
Comments from 'War Eagle'

Posted by the number cruncher @ 10:47 PM (815 views)
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2 Comments

1. devo said...

May 2009 and still fresh.

Friday, October 16, 2009 10:55PM Report Comment
 

2. Coriander said...

Excellent article and well worth the (long) read. Thanks for posting.

Tells you pretty much all you need to know about how the system works.

It's surprising though how few comments articles like this generate.

Saturday, October 17, 2009 03:11PM Report Comment
 

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