Gonzalo with his take on the two big “settlements” yesterday.
A Tale of Two Settlements
So yesterday, there were two big settlements: Greece, and the Mortgage Mess.
Completely independent of each other, both settlements not only happened on the same day, they happen to highlight two issues which ought to be bugging us all like cockroaches crawling through our underwear.
Issue One is how in both cases, the Too Big To Fail banksters won—and they won big. Again. Insofar as the mortgage settlement goes, they got what amounted to a speeding ticket, while getting a Get-Out-of-Jail-Free card on the worst of the robo-signing and illegal foreclosures scandal. And insofar as the Greek situation goes, the banksters have gotten the IMF, the ECB and the EC to essentially put the Greek people’s collective nuts in a vise and squeeze until they scream “θείος!” (“Uncle!”)
Issue Two is the mainstream media’s spin on these two settlements: How the completely cheerleadery, near-sycophancy of the MSM serves to both obscure how big the banksters won in both settlements, and to give us all a false sense of security. From the MSM, we hear that Greece has been “bailed out” and the Mortgage Mess has been “fixed”, and that the banksters are “getting their comeuppance”—so we get the false sense that the world is right as rain, and everything can slowly go back to normal.
But the world is not right. We will not be going back to normal any time soon. The banksters are not getting righteous justice.
Rather, the two settlements go to show how crony-corrupt our particular epoch’s Global Capitalism really is: The banksters rape the people of two countries, and the mainstream media cheers.
Let’s go over each of the two settlements, and pick apart their implications.
AWD says:
“…which ought to be bugging us all like cockroaches crawling through our underwear.”
My God, what a fucking idiot. Once I read this sentence, I couldn’t go on any further. Beavis and Butthead speak more intelligibly than Gonzo writes. Do people really read this shit? And trying to crib Dicken’s, one of the world’s great authors, when Gonzo writes at a 2nd grade level? Did Gonzo go to school in Killadephia, downtown? “completely cheerleadery?” is that even a word? GD admin, the lowliest of commenters on TBP is brighter than the sun compared to Gonzo, who is a wet match in a dark cave.
The only people who read Gonzo:
A recent photo of Gonzo, who thinks he’s Superman, or at least thinks he has some grasp on the English language. His mom and his dad (who is also his brother) drank water from lead pipes, Gonzo ate lead paint as a child, and Gonzo’s mom was 450lbs, and put quite a strain on little Gonzo in the womb, well, crushed him actually, especially his brain. Cerebral hypoxemia in utero.
Look Ma, I can use cockroaches in a sentence….And underwear….
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10th February 2012 at 12:24 pm
Kill Bill says:
And just why is it that the Feds can’t or won’t prosecute the biggest of the Wall Street firms? Because they are the Federal Government’s bond brokers, the primary dealers who contractually agree to buy Treasury bills or notes or bonds at every U.S. Treasury auction. They may be serially corrupt, but Uncle Sam needs those contractual guarantees of its primary dealers to be sure it can pull off its debt auctions. And the U.S. government cannot engage in contracts with convicted financial felons.
And it won’t break up these bloated behemoths because big balance sheets are just what a government with $15 trillion in debt is looking for in a bond broker. ~Pam Martens worked on Wall Street for 21 years.
And so it goes.
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10th February 2012 at 7:26 pm