This Wall Street bailout -- yes, bailout, not "rescue" -- is yet another boondoggle by the neocons, pulled out of bankers' back pockets, and being enacted in an atmosphere of panic orchestrated and spread around the world to make sure it got passed ASAP. A bankers' 9/11: implode a few bank towers to make sure the system as a whole survives.
9/10/8 -- As the dust settles, it is clear that nothing much about our casino capitalism is about to change at all. But what is to be expected from the likes of United States President George W Bush? Joseph Stiglitz comments, “This ‘cure’ is another one of these rearrangements: by stripping out the bad assets from the banks and paying fair market value for them, the value of the banks will soar.”