Wall Street and its Creepy Denizens

Wall Street and its Creepy Denizens
Naomi Klein writes that the 140 billion dollar stealth give away to the banking industry was done with bipartisan collusion and was an attempt to placate the the toxic little brat known as the stock market or Wall St. The tax package deals with how bank mergers are taxed ( more to be said on that later) and has long been a strenuously lobbied idea by the very industry whose leviathan greed without limits lending practices has brought the American economy to its knees and most surprisingly taken global economies with it in a freefall downward spiral. Apparently greed makes everyone just as stupid as the American corporate oligarchies. The timing of this "crisis" is remarkable in that it has allowed the Bush administration a free wheeling hand in solving the which has made fear the underlying catalyst for every policy it has sought to implement. As for assuaging the nerves of Wall st. criminals, who gives a shit. The stock market has been a roller coaster ride for years . Why? Because it is awash with 401 and pension dollars that are skimmed in regular cyles of "profit taking". It is only a matter of time before the plethora of packages to rescue the free and vibrant market economy includes social security privatization. Americans will buy the plan this time because it will be strenuosly marketed (pun absolutely intended with a pinch of sour irony) as the only thing left to prevent chaos in the golbal markets. In addition to Hank "the Wall Street prankster" Poulsons amazing 2 page analysis of the subprime meltdown in which he called for the original 800 billion dollar "rescue" package, the Federal reserve has doled out 2 trillion dollars in emergency loans to undisclosed entitites. With cavalier disregard for the American taxpayer,transparency has been scrapped for opacity as the people have no right to know how their money is being spent, what kind of criteria went into determining eligibilty for these loans, and what collateral, if any was required to secure the loan.It is always surprising how easily we forget that the government serves the people, actual living beings, instead of multinational corporations that have been granted more legal rights than American citizens. The most recent economic fiasco is strangely reminiscent of the legerdemain and alchemy that took place during the apex housing bubble when loans were made that required little more than a pulse. In Ohio twenty one mortgages were given to deceased home buyers. This does make some sense because afterall what right does the government have to demand anything from the private sector and the invisible hand of the undeniable miracle of free mrket capitalism? That would be socialism. That would be bad. That would be unAmerican. I do hope, at the very least, that all involved in the greatest scam ever told were wearing their American flag pins proudly on the lapels of their plutocrat vestments as the ink was drying and as the mad loot was doled out to the corporate welfare queens of global renegade capitalism and offshore bank accounts continued to swell like bloated blood sucking ticks.

A definition of patriotism should include all that is antithetical to the values of Wall St. and global capitalism.