Wednesday, August 28, 2013

George Melloan: Pity the Big Banks – the Problem Is Populists

Click here to access article by Pam Martens from Wall Street on Parade

I think you can skip the early part of this article referring to the timing of the Congressional hearings on banking misconduct. What I think is really important in this piece is that the material illustrates the overwhelming power of the banksters. Whereas, in the previous history of banking crimes, the government punished the central banksters by removing their authority to issue the nation's currency with the backing of the government, today they have taken over the government and the government is now unwilling and unable to respond to the welfare and needs of the public.