Tweet
The banksters have launched a new offensive in their never ending quest to get the rest of society to pay for the crisis they created and capitulate to a life of debt slavery.
It began with JP Morgan Chase CEO Jamie Dimon participating in a one on one interview appropriately located at Neoliberal dream factory the Council On Foreign Relations in D.C.
Dimon claimed he did the Federal Reserve a favor by taking over Bear Stearns (at $2 a share) and that JP Morgan was expanding its business operations, including a recent move into Africa highlighting JP Morgan’s relationship with the energy industry (what could go wrong?). FYI, that means we now have a stronger “American Interest” there so defense cuts will have to wait.
The next day Goldman Sachs CEO Lloyd Blankfein appeared with Erskine Bowles and Alan Simpson – namesakes of the commission whose recommendation was to cut taxes for the rich yet again while forcing austerity on the 99% – to paint President Obama’s positions on the economy as the opposite “extreme” of the Republican position. Therefore of course Blankfein called for “compromise” between those “extremes.”
So the banksters are not content to bribe Congress and throw money at both “extremists” running for President, they also want to set the terms of the debate for whomever wins – austerity for the poor, socialism for Wall Street. And hey, if the Federal Reserve makes you take a company for $2 a share then gives you endless loans while you get TARP from Congress, well somehow you have to find a way to make it through the day.
Guys, you aren’t fooling anyone with your phony patriotism and crocodile tears.
When Occupy called for transparency this wasn’t exactly the goal…
7 Comments
Do the (Early Roman) Kings have in mind only the poor when they recommend austerity? Or are they aiming at a huge swath of the middle class, too?
Interesting, the diary just before this one was, Off With Their Heads!
When Goldman Sachs CEO Lloyd Blankfein sat with Erskine Bowles and Alan Simpson and boldly stated that his buddies and their capital is sitting on the sidelines until ‘certainty’ is part of the economy, I could only think about all of those unemployed, formerly middleclass people who have been waiting years to foreclose on their houses becaused these KINGS have decided to place their capital ahead of the peoples homes (peoples capital) in order to keep the price of houses artificially high.
The Second Video is a Recommend and should be archived for future reference. The historians can use it to understand the sheer arrogance and self-aggrandizement that enabled financiers to bankrupt a nation and then to demand that the people pay them back for the money they stole and lost, which came from the people.
The model for the economy lionized by Blankfein is the war economy where labor and wages are fixed and no strikes are permitted; where the company owns you, your house, your politicians and your future. Don’t be deceived by these ‘certainty’ seeking authoritarians cloaked in market benevolence.
That Goldman Sachs has any capital to sit on is courtesy of US Taxpayers.
What a disgusting joke!
They started calling it “class warfare” only when the 99% finally started to wake up. Meanwhile, all the casualties were on our side.
Relations with the Obama Administration
Dimon is a Democrat and worked in Barack Obama’s adopted hometown of Chicago.
There’s your New Democrat, folks.
Meet the new party in power. Way too much like the old party in power.
Tony Rezko’s problem was apparently dealing in a few million. Life goes much smoother when you deal in billions of other people’s money. Like Bain Capital and JP Morgan. And heads of state.
Sorry, I forgot to post the link for the quote: http://en.wikipedia.org/wiki/Jamie_Dimon
Did early Rome have a middle class?