This one is worth going to the site and reading all the way through. See if you can guess #1 before you click, though. (HINT: What's the First Doggie's name?)
http://thebarricadeblog.com/2009/04/11/the-top-10-signs-you-are-living-in-a-banana-republic-and-my-favorite-100-billion-omelet/<edit>
8.
The Treasury Department is a wholly owned subsidiary of Goldman Sachs and the other Wall Street mega-firms that are too big (or too connected) to fail. No explanation needed here. This is obvious to even the dopiest of Americans which leads us to …
7.
The complicit failure of the national media to call out the Treasury Department’s clear conflicts of interest when it comes defrauding the Treasury at the expense of the US Taxpayer. Rachel Madow, Keith Olbermann, Daily Kos, Huffington Post, Fox News, anyone? Is there anybody out there? Just nod if you can hear me. This is easy and it makes the KBR/Haliburton/Iraqi war connection look complicated by comparison. When KBR was a wholly owned subsidiary of Haliburton and Cheney was the former CEO of Haliburton, we were confused with the KBR/Haliburton relationship and Cheney’s ties (people had a hard time making that second jump, not sure how we were confused, but we were). This one is so simple even my almost two year old niece understands it: Sec. of Treasury and former CEO of Goldman Sachs Hank Paulson has funneled billions to his old firm and his friends via DIRECT CHECKS and checks to AIG which is run by a former director of Goldman Sachs Edward Liddy. The money spent “bailing out” AIG will be shuffled over mostly to the CDS counterparites, GS et al. Liddy is only taking $1 of salary because he is such a public service saint. He has an acute financial stake in one of AIG’s counterparties—namely, his $3.2 million personal investment in Goldman Sachs stock. Mainstream Media, please call me and I will help you connect the dots…finance is not that complicated, just ask my adorable niece.
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4.
Both politcal parties are beholden to the financial oligarchs–And yes, that includes the Democratic Party. The Democratic Party, the party of FDR, Kennedy, LBJ, Carter and Obama, the party of the little people, the common man, the disadvantaged, the party of farmers, laborers, labor unions, and religious and ethnic minorities continues the same misguided policies and cronyism of the former Republican regime in BAILING OUT BANKERS and INDENTURING GENERATIONS for what will end up being tens of trillions (with a T). We are either in bizzarro world or a banana republic or both. “The Democrats have replaced the Republicans as the big benefactors to the financial community,” said Kevin Phillips, author of “Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism.” Philips writes, “The financial community is donating more to Democrats than ever before and you’ve got more Democrats in the financial community, creating a very powerful pattern there. I don’t think you’re going to see the Obama administration and Congress willing to be tough enough in dealing with these things.” So, let’s get this straight: none of the big banks and financial companies’ bondholders are taking any hit, and they refuse to go into bankruptcy or receivership, however GM and Chrysler may go into the not so delicate arms of bankruptcy. Is Obama more loyal to his wall street friends in the Democratic monopolies in the Northeast and California, or to his hard working lower/middle class constituents in the Midwest which is usually a coin flip in terms of party loyalty–see, Michigan, Ohio and Indiana? To quote John Lennon, strange days indeed, most peculiar momma. That or we are living in a banana republic. Which is easy to accept.
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2.
William Black the former Chief Fraud Investigator and Federal Regulator during the S&L scandal uses the following words to describe the STRESS TEST of capital ratios for our NATIONS’ LARGEST BANKS:
(A)“A COMPLETE SHAM”
(b) “POTEMKIN MODEL” - fancy Russian word for SHAM
(c)“Reason for STRESS TESTS is to FOOL US and to make US CHUMPS”
(d) “’If we lie and they believe us, all will be well.’ It’s Orwellian.”
(e) the Geithner debt plan is “bad news for taxpayers”If confidence is all we need to restore the financial system, then we should just nominate Tony Robbins as Secretary of Treasury.
OBTW, William Black’s book The Best Way to Rob a Bank is to Own One, is a must read about financial fraud and regulatory capture and for the glossy eyed it has a catchy and cool title. Paul Volker wrote this about the book, “Bill Black has detailed an alarming story about financial - and political - corruption. The specifics go back twenty years, but the lessons are as fresh as the morning newspaper. One of those lessons really sticks out: one brave man with a conscience could stand up for us all.” Robert Kuttner of Business Week proclaimed, “Black’s book is partly the definitive history of the savings-and-loan industry scandals of the early 1980s. More important, it is a general theory of how dishonest CEOs, crony directors, and corrupt middlemen can systematically defeat market discipline and conceal deliberate fraud for a long time — enough to create massive damage.”
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