The global economic crisis isn’t about money – it’s about power.
Matt Taibbi, Rolling Stone, Mar 19, 2009
The Big Takeover: How Wall Street insiders are using the bailout to stage a revolution.
In the final three months of last year, the company lost more than $27 million every hour. That’s $465,000 a minute, a yearly income for a median American household every six seconds, roughly $7,750 a second.
And all this happened at the end of eight straight years that America devoted to frantically chasing the shadow of a terrorist threat to no avail, eight years spent stopping every citizen at every airport to search every purse, bag, crotch and briefcase for juice boxes and explosive tubes of toothpaste.
Yet in the end, our government had no mechanism for searching the balance sheets of companies that held life-or-death power over our society…
So it’s time to admit it: We’re fools….