Andylusion
Platinum Member
Why not?Spain's and the US unemployment rates have risen due to their banking systems buckling under the weight of a massive amount of toxic loans linked to the housing bubble. Wall Street owns both governments, and the best is yet to come.
"And the memo reveals a lot about Summers and Obama.
"While billions of sorry souls are still hurting from worldwide banker-made disaster, Rubin and Summers didnt do too badly.
"Rubins deregulation of banks had permitted the creation of a financial monstrosity called 'Citigroup'.
"Within weeks of leaving office, Rubin was named director, then Chairman of Citigroup which went bankrupt while managing to pay Rubin a total of $126 million.
"Then Rubin took on another post: as key campaign benefactor to a young State Senator, Barack Obama.
"Only days after his election as President, Obama, at Rubins insistence, gave Summers the odd post of US 'Economics Tsar' and made Geithner his Tsarina (that is, Secretary of Treasury).
"In 2010, Summers gave up his royalist robes to return to 'consulting' for Citibank and other creatures of bank deregulation whose payments have raised Summers net worth by $31 million since the 'end-game' memo.
"That Obama would, at Robert Rubins demand, now choose Summers to run the Federal Reserve Board means that, unfortunately, we are far from the end of the game."
Now...blame "government."
"Within weeks of leaving office, Rubin was named director, then Chairman of Citigroup which went bankrupt while managing to pay Rubin a total of $126 million"
Citigroup never went bankrupt.
Because our scum sucking socialist government, gave them money. Stop voting in socialists, and we can avoid bailing them out. Citigroup should have gone bankrupt, and been sold off like any other failed company.