We never learn
Everything for the bankers. Truthdig:
A devastating report in the New York Times documents how Timothy Geithner’s New York Fed worked tirelessly to make sure that AIG was forced to pay banks such as Goldman Sachs 100 percent on dubious contracts that might otherwise have been slashed or subjected to lawsuits. Geithner, of course, was promoted for his efforts to run the rest of the nation’s economy.
The article is full of revelations that would be mind-numbing if we weren’t so used to reading about how taxpayers have been fleeced in the meltdown…
You don’t have to be a conspiracy theorist to follow the money: in the $182 billion bailout of AIG, Goldman Sachs and other banks that helped cause the financial crisis made out like, well, bandits.
Nothing for us. Brent Budowsky:
First the Republicans oppose almost every major jobs program.
Then the Republicans use the obstructionist filibuster to destroy any hope of passing jobs programs.
Now the Republicans oppose and filibuster to death jobless benefits for American workers who have lost their jobs…
And make no mistake, Democratic leaders did not look heroic, leaving town for their holiday and leaving more than a million jobless workers without benefits that expired June 2.
But the Republican performance is a work to behold. The Republican war against workers is an outrage against decency. The Republican economic philosophy is one of the great failures in American history, causing recession after recession, depression after depression, again and again, across decades of history. They never learn.
And WE never learn. We should be grabbing the pitchforks and heading to the barricades.