Monday, March 23, 2009

Matt Taibbi: Wall St's Gang Rape Of The American Dream

Matt Taibbi at Rolling Stone is not happy:
"It's over — we're officially, royally fucked. no empire can survive being rendered a permanent laughingstock, which is what happened as of a few weeks ago, when the buffoons who have been running things in this country finally went one step too far. It happened when Treasury Secretary Timothy Geithner was forced to admit that he was once again going to have to stuff billions of taxpayer dollars into a dying insurance giant called AIG, itself a profound symbol of our national decline — a corporation that got rich insuring the concrete and steel of American industry in the country's heyday, only to destroy itself chasing phantom fortunes at the Wall Street card tables, like a dissolute nobleman gambling away the family estate in the waning days of the British Empire."
Great article on how Wall St is using the crisis to expand power. That power, and the "too big to fail" mentality, has put our government is the position to save the deranged and abusive financial world. We are in a marriage of greed and stupidity where
"we still think this is some kind of unfortunate accident, not something that was created by the group of psychopaths on Wall Street whom we allowed to gang-rape the American Dream."
To that predicament, Taibbi notes about the Wall St types we are to save:
"valueswise they're on par with crack addicts, or obsessive sexual deviants who burgle homes to steal panties. Yet these are the people in whose hands our entire political future now rests."
Psychopaths and sexual deviants? Sounds like the ruling class in a nutshell.

Source: Rolling Stone

No comments: