Thursday, October 8th, 2009
Must Read Balloon Juice
It’s official: Gangster capitalism has reached the cancerous stage.
It just feels like the fix is in for the average guy every where you look these days. The top story at the Times now is the market surge because there was bad news for the dollar. What is bad for America is good for the Wall Street boys.
Meanwhile, one party in Congress is completely devoted to defending the rights of insurance companies to screw their customers, the ratings agencies have paid no price for their part in the meltdown last year and are still slapping triple A ratings on anything that moves so that the big swinging dicks on Wall Street can swindle pension funds out of their holdings — I’m really looking forward to that hoocoodanode/come to Jesus in a few years. The pension funds are already horribly underfunded, social security [sic] is strained because employment is so bad that people are collecting benefits early, setting the stage for the Republicans to push through some way to tinker with social security, benefits are running out for a lot of people collecting unemployment and the jobs market has not recovered, and banks are failing left and right and Congress decided the banks didn’t need to pay fees to the FDIC for a decade or so.
But hey — Goldman is turning a profit. Fuck it all.
Why does Wall Street hate America?
