At long last,
the powerhouse bankers of the global financial system are over
it.
Over their
reckless, get-rich-quick gambling addiction that wrecked our economy, you ask?
Well, no, not that. Instead, they have made a total recovery from that fleeting
movement of public embarrassment they felt a couple of years ago when they
crashed their banks and had to go on the government dole to save
themselves.
That was so
yesterday, they now tell us. For example, Barclays, the global financial giant
that grabbed nearly $50 billion in emergency bailout loans from the U.S. Federal
Reserve to keep from going under, has completely regained its swagger. Barclay's
top American banker, Robert Diamond (yes, that's really his name), practically
sparkled with blinding arrogance when he recently declared: "There was a period
of remorse and apology for banks – I think that period needs to be over." With a
sweep of his hand, Diamond added that "the question for us is: how do we put
some of the blame game behind
us?"
Game? Your
Diamondness, may we peasants assure you that our outrage is no game. You and
your peers are to blame for the harm that your narcissistic greed has wreaked on
millions of workaday families. They subsidized your return to undeserved
profitability, allowing fewer and bigger banks like yours to keep looting our
economy. Financial giants now capture 29 percent of all business profits in
America, yet you're producing practically nothing for the benefit of the larger
economy.
Meanwhile, the
top federal watchdog monitoring the Wall Street bailout reports that the reforms
adopted by Congress last year are too weak, leaving several of the giants still
"too big to fail," thus threatening our economy with another collapse and
bailout. To help bring them down to size, contact Bankster USA: www.banksterusa.org.