EPIC1934
09-21-2008, 08:28 AM
This article is necessary reading at a time when Wall Street is narrating its own disaster largely uncontested.
Overnight, the U.S. Treasury and Federal Reserve have radically changed the character of American capitalism. It is nothing less than a coup d’ętat for the class that FDR called “banksters.” What has happened in the past two weeks threatens to change the coming century – irreversibly, if they can get away with it. This is the largest and most inequitable transfer of wealth since the land giveaways to the railroad barons during the Civil War era.
http://www.counterpunch.org/hudson09202008.html
http://www.counterpunch.org/whitney09202008.html
Overnight, the U.S. Treasury and Federal Reserve have radically changed the character of American capitalism. It is nothing less than a coup d’ętat for the class that FDR called “banksters.” What has happened in the past two weeks threatens to change the coming century – irreversibly, if they can get away with it. This is the largest and most inequitable transfer of wealth since the land giveaways to the railroad barons during the Civil War era.
http://www.counterpunch.org/hudson09202008.html
http://www.counterpunch.org/whitney09202008.html