Friday, September 26, 2008

American Bankster: Krugman as Finance Czar?

On Today's Democracy Now! Paul Krugman suggests that as Treasury Secretary he would send shivers down the spine of today's Robber Barrons. Its worth a try...

On a related note: APB, Have you seen this man:









Robert Rubin has gone missing. In the midst of this crisis we have heard a great deal about Phil Gramm and his merry band of market deregulators, but we seem to have overlooked the chief Fox in the Henhouse. It is interesting to note that after Rubin pushed through the repeal of Glass-Steagall- the 1933 law which erected a firewall between commerical and investment banks (ie commerical banks- those which collect deposits) can not invest our savings in the latest Wall Street ponzi scheme (the ponzi scheme in the 1920, or at least one of them, was real estate specualtion in Florida), he went to work for the investment arm of Citigroup (the merger of the commerical bank Citicorp and the investment bank Travelers). ie, he took the job that he had just legalized.

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