“The banking system is broke, busted, penniless; and yet the Fed and the G-7 allow this comedy to persist like nothing is wrong. When will the American people wake up?” Asks Mike Whitney in this post. When indeed?
Pay attention to this excerpt:
It’s funny; while Bush was hosting his faux-press conference, live-footage was appearing on other media of fully-armed LA policemen being dispatched to the various Indymac locations. Their task was to remind the gathering of elderly “blue-hair” women and middle-aged white guys in Tommy Bahama T-shirts that any public display of outrage would be swiftly met with Rodney King-style justice. Hmmm. So now withdrawing one’s savings from the bank is not only riskier; it’s tantamount to committing a felony. My, how America has changed.