Wall Street may be down but by more means out. It is "clawing back" its influence with a new lobbying surge which is allowing Goldman and the big banks to pay back their TARP Money and get out from under the specter of new regulations, compensation limits and the like. Full Story »
Posted by Dwight Rousu
Schechter collects a short grand summary of the secrecy and corruption evident in government treatment of the economic crisis. He points out the mainstream media is hesitant to report the dissonance.
Meanwhile we still live with a fog of misinformation, disinformation and no information. Basic information about monies from the Federal Reserve to Banks and financial institution has not been disclosed. Bear in mind the Banks control the Fed-and free marketers ran the economy, not the government.
History will likely show that these bailouts involved the largest transfer of wealth ever – from the working class to that small group of billionaires who own the corporations. This fact is recognized by most people now and is such common knowledge that even the mainstream media feels comfortable discussing it. . . matter-of-factly.
The President wants to give us confidence but seems to be playing a confidence game. The Banks are dissembling when they are not lying.
