"The wealthy, not only by private fraud but also by common laws, do every day pluck and snatch away from the people some part of their daily living. Therefore, when I consider and weigh in my mind these commonwealths which nowadays do flourish, I perceive nothing but a certain conspiracy of rich men in procuring their own commodities under the name and authority of the commonwealth.

They invent and devise all means and crafts, first how to keep safely without fear of losing that which they have unjustly gathered together, and next how to hire and abuse the work and labor of the people for as little money and effort as possible."

Thomas More, Utopia

Sunday, September 28, 2008

The Plot Thickens

It would appear that in one last dying grasp the Banksters are attempting to blackmail Congress and the rest of the country into signing off on the Paulson/Wall Street Heist of the century. The so-called "liquidity crisis" is in fact a shabbily disguised insolvency issue in which the reckless are demanding that the taxpayer pay the price. As always on Wall Street, their profits are their profits but their losses are our losses. Mike Whitney explains further...


Anonymous said...

Unfortunately, Coldie, the kool aid-drinking goose-step followers of the Commander-in-Chief won't read this article, or refuse to acknowledge it.

Good thing we have jobs from which we not to be laid off. Tough times are 'awaitin'!


Coldtype said...

That's the truth Lefty, but I'm somewhat encouraged by the fact that enough pressure was brought to bear on Congress from an enraged public (even one only semi-awake) which recognized this naked theft for what it was. The bailout/giveaway did not pass which frankly shocked me.