WALL STREET FINDS A NEW TROUGH

Submitted by Roldo on Sun, 11/09/2008 - 16:51.

For a quick education on how the American people are being taken to the cleaners by Wall Street read Naomi Klein’s article from Rolling Stone.

Klein wrote “The Shock Doctrine – The Rise of Disaster Capitalism,” a riviting expose on how disasters are used to divert the very help that is supposed to aid people right into the pockets of people who helped cause the disaster.

That’s why I think her piece demands as much attention as it can get.

It can be found vie Common Dreams.org, a revised version of her Rolling Stone article. The article can be found here:

http://www.commondreams.org/view/2008/11/09-6

The article, entitled “The New Trough” notes, “The Wall Street bailout looks a lot like Iraq – a ‘free-fraud zone’ where private contractors cash in on the mess they helped create.

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Locally

Roldo-how do you apply the article's conclusion:

When a society no longer has enough money to pay for its most pressing
needs, there are worse things than discovering you own the banks.

To the events we are witnessing locally with the "bailout" of the local real estate economy cum "foreclosure crisis" with "our" money printed in Washington?