The global economic crisis isn't about money - it's about power. How Wall Street insiders are using the bailout to stage a revolution
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.
In the final three months of last year, the
company lost more than $27 million every hour.
clipped from: www.rollingstone.com