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The Financial REFORM As A Game Of Three Card Monte

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opednews.com Headlined to H1 5/19/10

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THE FINANCIAL CRISIS AS A GAME OF 3 CARD MONTE

You Always Think You Are Going To Win Until You lose


By Danny Schechter

Author of The Crime Of Our Time

We live in a three card monte world. Follow the money as it moves from one shell to another. Now guess where it is. Most of us don't know the hand can be quicker than the eye. That's why mostly everyone who has ever been suckered into playing ends up losing except those who are allowed to win to keep the hustle going. We miss the tricks of the trade even as we swear we know where the winning card or money or ball is/.


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Phase one: (http://www.goodtricks.net/three-card-monte.html)


Begin by showing the cards and explaining the game. Do a fair throw, mix the cards on the table slowly, and then turn over the winner. Do this a few times. Without any warning or any change in your pace or handling, do a fake throw and mix the cards slowly on the table. Point to the actual winner, and say something like "You saw it end up over here, right?" They will, of course, disagree with you. Turn it up.

On Tuesday night, Americans were watching the "super primary" in which campaigns in three states supposedly showed which was the 2010 election would go. In one a Tea Party backed candidate, Rand Paul, son of a well known Congressman prevailed, declaring "We will take our government back."

Presumably he meant from the politicians, and from the major parties, but not from Wall Street which at the very hour of his great triumph in the latest Kentucky Derby was burning the midnight oil, trashing what's left of financial reform especially the effort to regulate derivatives.

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"It's a bad sign," bemoans the New York Times, " that there are so many unresolved issues"virtually every effort to weaken the bill involves watering down or undoing these reforms either explicitly or by or by adding fiendishly convoluted language that obscures the bill's purpose."

When was the last time you saw the word "FIENDISHLY" in the New York Times

Speaking of fiends, The Financial Times, "reports: "Obviously, the idea is to kill it when no one is looking, which of course serves the industry. If you kill it now (and that is warranted, this is a poorly conceived measure), then the powers that be might have to come up with something sensible. But that might inconvenience the industry. This little finesse is perfect for them."

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News Dissector Danny Schechter is blogger in chief at Mediachannel.Org He is the author of PLUNDER: Investigating Our Economic Calamity (Cosimo Books) available at Amazon.com. See Newsdisssector.org/store.htm.

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