What happens when Wall Street loots all that it can?

According to Pam Martens latest essay, our well-heeled grifters petition Uncle Sam to do all the work for it:

We've arrived at the finish line in the race to the bottom and it's clear there are few winners: once the little fish were eaten, the big fish fed on each other (Madoff's Ponzi scheme and assorted hedge fund frauds against the wealthy). Now the big fish have no where else to feed but at the government's bailout trough, transferring the debt-ownership society to our children.

No comments: