“Don’t Let Go of the Anger” – NYT




We’re happy to say we’ve been banging a rather similar drum for some time, as regular readers know. So more power to the elbows of the “Make Big Banks Pay” crowd, we say. After all if the American public doesn’t take a lead on this one no-one else is likely to.

Make the banksters pay – FaceBookers approve

(Read more online French News here)


Don’t Let Go of the Anger

By WILLIAM D. COHAN

“Indeed, what we hear from the likes of Jamie Dimon, the chief executive of JPMorgan Chase & Co., and Bob Diamond, the chief executive of Barclays PLC, is that the time has come to stop bashing the banks and their executives for their roles in causing the Great Recession. “Not all banks are the same and I just think that this constant refrain ‘bankers, bankers, bankers’ is just unproductive and unfair,” Dimon told a panel at the World Economic Forum, in Davos, in January. “People should just stop doing that.” At the same conference, the French president Nicolas Sarkozy lashed out at Dimon. “Don’t be accusatory of us,” Sarkozy told him in front of a group of hundreds. “The world has paid with tens of millions of unemployed, who were in no way to blame and who paid for everything.”

Sarkozy was right then, and he is still right: We must not let the passage of time dim our ire at those who have yet to be held responsible for causing this financial crisis. We must register our dissatisfaction — in the streets if need be — with a system that rewards the fat cats for their outrageous behavior at our collective expense and that re-established the status quo on Wall Street without a moment’s reflection on whether the system itself needed an overhaul.”

Make the Big Banks and Millionaires pay!

Read, you may find yourself nodding in agreement:
“Goldman (Sachs) was like a car dealership that realized it had a whole lot full of cars with faulty brakes. Instead of announcing a recall, it surged ahead with a two-fold plan to make a fortune: first, by dumping the dangerous products on other people, and second, by taking out life insurance against the fools who bought the deadly cars.”

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