So
apparently Egyptian President (former?) Mubarak moved billions in assets in gold into untraceable foreign bank accounts before leaving. Hence the eighteen days it took for him to finally step down. And now the Security and Exchange Commission is
hiring Eileen Rominger to head the "division overseeing asset managers and hedge funds." Rominger used to manage equity funds at Oppenheimer Capital and everyone's favorite Washington-connected financial institution Goldman Sachs. But the all encompassing Goldman Sachs isn't just
going to be limited to power positions in the U.S., Mario Draghi, former vice chairman and managing director of Goldman Sachs International, is now supposedly the leading candidate to replace Jean-Claude Trichet as president of the European Central Bank. It's not enough for Goldman to be in bed with U.S. banking regulators and within the federal government, the Eurozone is its next target. I wonder if it will be bailed out again should another downturn occur.
Upon reading The Daily Show's
Earth-The Book, I have to add this quote:
Another of Marx's proposals was low-carb communism, also known as socialism. Socialism allowed for private property, as well as democratic input into governance, while reserving certain enterprises for "the people" as a whole. Pure socialism was not tried on a truly large scale until it was adopted by the United States in late 2008.
If John Stewart and company were trying to make a joke, they failed. Instead they revealed the depressing truth. The GM and Chrysler bailouts only enforced the notion.
Update- Another joke/truth from
Earth-The Book :
In his Republic, Plato described the perfect government as an illusory democracy secretly controlled by a handful of elites. He turned out to be right.
To predict the banksters would infect the federal governments of the world a few thousand years ago was quite a feet.
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