9.20.2008

The Wall Street coup?

This is Michael Hudson's summary judgment

Overnight, the U.S. Treasury and Federal Reserve have radically changed the character of American capitalism. It is nothing less than a coup d'êtat for the class that FDR called "banksters." What has happened in the past two weeks threatens to change the coming century — irreversibly, if they can get away with it. This is the largest and most inequitable transfer of wealth since the land giveaways to the railroad barons during the Civil War era.

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