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The Trillion Dollar Bank Job Continues Under Our Noses

By   Follow Me on Twitter     Message Richard Clark       (Page 1 of 26 pages)     Permalink    (# of views)   5 comments

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View Ratings | Rate It Headlined to H3 11/4/09

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How Wall Street and the banksters are perilously postponing America's economic recovery so that they can extract ever more wealth from American taxpayers

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Last two sentences in Matt Taibbi's recent Rolling Stone article:

"Our burglar class now rules the national economy. And no one is trying to stop them."

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With their reckless behavior and unparalleled greed, the banksters have caused the most severe economic crisis since the Great Depression. We were told we had to bail the big banks out so they would start putting money back into our communities--and then our jobs and our homes would be saved. So taxpayers stepped in and bailed them out. A year later, what have we got for that investment? From each and every man, woman, and child in the United States, there has been a wealth transfer that's averaged about $15,000 to our bankster overlords. But of course they didn't hold up their end of the bargain. Their financial institutions have bounced back, but they have done nothing to fix the overall economy that they crashed.

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Several years after receiving my M.A. in social science (interdisciplinary studies) I was an instructor at S.F. State University for a year, but then went back to designing automated machinery, and then tech writing, in Silicon Valley. I've (more...)

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