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Krugman Growth is slowing, and the odds are that unemployment will rise, not fall, in the months ahead. That’s bad. But what’s worse is the growing evidence that our governing elite just doesn’t care — that a once-unthinkable level of economic distress is in the process of becoming the new normal. So, [...] DJ, in comments here, refers to a TruthOut article Someone forwarded me this link: American Kleptocracy: How Fears of Socialism and Fascism Hide Naked Theft. It suggests that the fascism/socialism hysteria are red herrings to keep us busy while corporations loot the treasury. Funny, I said the same thing a few weeks back. And kleptocracy [...] Zero Hedge on the fraud and political payoffs from Fannie, Freddie, and the other GSEs. Second, it becomes quite easy to construct a criminal case for literally millions of counts of accounting, securities, wire and mail fraud against the GSEs. To the extent executives at Fannie and Freddie signed off on financial statements disclosing the [...] The trend continues, the most biting, on-target criticisms of our kleptocracy continue to come out of the financial world, as the far left snoozes. Credit Writedown details the four ways that elites steal from the public and create kleptocracies and concludes that is precisely what is happening in the US. The ruling class have used [...] |  | ||||
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