The Big Takeover
This link will take you to a Rolling Stone article about the Fed, the non regulation of the financial instruments that got us into this financial crisis and how Wall St fucked up. Would you believe that Congress has NO oversight capability of the Federal Reserve? Yup. It’s the law. Of course, they aren’t going to change that law, because all of our politicians have been bought by Wall St. I am not just saying that, they all were bought.
Who do you think kicked in the money to have them elected. Silly as it may seem, the biggest firms had a deal rigged so that the only oversight they got was by one man, who was in way over his head. It’s complex, deliberately so. That way you can’t understand it and you have to trust the experts who are well paid. One company’s average salary is 275,000 per year. They are still making that kind of money because they don’t have to justify anything to anyone. They are totally beyond government oversight.
This is an eight page article, and bleak as you can’t even imagine. One thing about the Stone, they find writers who can explain stuff. They did an article way back when Three Mile Island was in critical condition and it was the best article about the accident I had read in the general media. This article about Wall St traces out the relationships between the key players in this bail out game that is going on and how the deregulation set this game up. While it isn’t pretty, I think you should take the time to read it so you’ll have an understanding about how this is all just set up so that insiders get to keep getting paid and outsiders keep getting bent over the barrel.
The link and comments were sent by Tom.
