America's Own Kleptocracy

The Market and the Terminator Machines

Overnight, the U.S. Treasury and Federal Reserve have radically changed the character of American capitalism. It is nothing less than a coup d'ĂȘtat for the class that FDR called "banksters." What has happened in the past two weeks threatens to change the coming century - irreversibly, if they can get away with it. This is the largest and most inequitable transfer of wealth since the land giveaways to the railroad barons during the Civil War era. Full Story »

Posted by Dwight Rousu
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Posted by: Posted by Dwight Rousu - Sep 23, 2008 - 4:19 AM PDT
Reviewed by: Dwight Rousu (review)
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Dwight Rousu
4.2
by Dwight Rousu - Oct. 1, 2008

Hudson writes with illustrative analogies to gambling and casinos in his description of the Bush administration initiatives to bail out those who have been best at accounting fraud. The article is an interesting read.

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