|
Ed, a longtime friend, writes to say that what he thinks has happened to result in the latest “bailout” of a U.S. corporation is that when the U.S. demanded a “bailout” for the fat-cats in the money-changing industry – i.e., the bankers in one form or another - the Congress was ready to kiss ass as usual. Sixty thousand lobbyists in the Bordello on the Potomac aren’t there for a tour of our national monuments. Then, however, when the public outcry became threatening to their fat-cat jobs, the heroes of democracy suddenly got some “leadership” character. Ed thinks Wall Street has threatened to launch an attack on retirement funds, general investment media, and, I presume, entitlement programs in general. He warns that what follows will result further in Wall Street’s retaliation against mainstream U.S.A.
Ed was one of few people who agreed with me when I predicted years ago – almost a decade, in...
|
|
