The "let's show the conservatives we love' them "pragmatists" in Obamaville are floating schemes to privatize public housing while 32 states are in, or are fast approaching bankruptcy.
The plunder goes on, but I fear with the bill's passage, the Democratic Party apparatchiks and the activists they orchestrate, will pat themselves on the back, and move on to the next issue, praising a "reform" that is less than half done. There are few structural changes for what is a systemic problem. The big banks are still deemed too big to jail. Another Times headline sums the reality up in two words: "BANKS RULE."
Why is that? A letter writer named Shaun took a guess in a comment on an earlier piece I wrote: "Why hasn't anyone been successfully prosecuted for committing the crime Schechter speaks of? Because it's too big. It's too big of a problem for those culpable and those currently in charge (Wall Street and Washington) to deal with. Officials would much rather make the crisis a blip in our economic history"
"Perhaps, more than the economic crimes Schechter speaks of, the moral failure to prosecute those guilty of monumental crimes because it's too tough, too big, is the real crime of the century.
Mediachannel.org's News Dissector Danny Schechter directed PLUNDER THE CRIME OF OUR TIME, a film on the financial crisis as a crime story (plunderthe crimeofourtime.com)
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