Skip to main content

Whitewatering the Financial Catastrophe

Do you like inadvertent humor? I do and William Greider had me buckled over in side splitting laughter with his latest column in The Nation titled "Hillary Clinton is Whitewashing the Financial Catastrophe". He's always unwittingly funny - for years at Rolling Stone and now at The Nation - in presenting seeming heterodox, but ultimately orthodox, Leftist perspective on US economic and political happenings. But last week he dove into turbulent waters to save something or someone, what it was I must confess is a mystery to me - perhaps it was Bernie Sanders or Pocahontas Warren or the "truth" as he perceives it - and drowned himself by uselessly flailing around and grabbing at rocks and branches that gave way with every tug of reason. I thought watching him glub, glub, glub was funny, anyway. Get a load of this opening:
"Hillary Clinton’s recent op-ed in The New York Times, “How I’d Rein In Wall Street,” was intended to reassure nervous Democrats who fear she is still in thrall to those mega-bankers of New York who crashed the American economy. Clinton’s brisk recital of plausible reform ideas might convince wishful thinkers who are not familiar with the complexities of banking. But informed skeptics, myself included, see a disturbing message in her argument that ought to alarm innocent supporters."

Could Hillary "STILL" be beholden to those NYC mega-bankers? Hahaha. "Wishful thinkers" think not, but they're "innocent". I mean, do I have to go any further into this routine - tears of laughter are streaming down my cheek as I write these word. How stupid are the folks who read The Nation anyway? Hey, they're not stupid, just "innocent". So why did her carpetbagging highness write the Times Op-Ed?
"In roundabout fashion, Hillary Clinton sounds like she is assuring old friends and donors in the financial sector that, if she becomes president, she will not come after them."
Yes, it "sounds like" that because that is what she's doing (i.e. don't pay any attention to the unmitigated bullshit I say over the next 12 months in an effort to win the Presidency because I'm just saying it to secure the votes of wishful thinkers and innocents). Commence the Greider lesson on what caused the financial collapse which principally was a result of repealing New Deal regulation and greedy bankers - it's pretty simple really - and it's the same story the NYTimes, WAPO and the Network News cast tell. Bankers strong armed good honest politicians into repealing the Glass-Steagall Act for no reason except to exploit the system and steal everyone's money and the system is so corrupt that those bankers have payed no penalty for the chicanery. Now these bankers come in two varieties 1. Traditional Bankers who are friendly and guard peoples money and 2. Investment Bankers who take risks and steal peoples money. Mixing these two types of bankers doesn't work - it's inefficient and leads to something called the "universal banker" who creates subprime mortgages and derivatives to "sell" the debt to "investors" (ya know, pension funds, 401Ks and saps overseas). It all makes a lot of sense UNLESS you've ever met a real life walking, talking, breathing banker.

The typical Nation subscriber might not have ever lived with, dined with, partied with, vacationed with one of these Uber-Bankers who are too big to fail, but I have and let me tell you something - the multicultural, internationalist, new world order banker is a near perfect embodiment of what The Nation, the NYTimes and every other Lefty propaganda journal hold out as a model global citizen. Their politics are, as a rule, impeccably liberal, tolerant and free thinking. They don't just put a coexist bumper sticker on their Bentley - They live it brother and they make a hell of a lot of money doing it. They're white and brown and yellow - Strait, gay and hedonistic libertine - Christian, Jewish, Muslim and Socialist. Most of them are smart as you can imagine - not the brainiacs like you find in R&D or even the analyst shops, but quick thinkers with broad interests and surprisingly deep knowledge of many subjects - like modern day renaissance men and women with platinum credit cards. They're well read and incredibly talented in astonishing ways - most of them speak several languages and they'll do something crazy like play concert quality piano or write published poetry or design low income housing on the side (not unusual that they do all three) and they do it better than YOU ever could even if you did nothing but focus all your attention and effort on doing their hobby. Honestly, it's sort of intimidating, like being in a room full of fashion models you can't help but feel that you just don't measure up - and speaking of that it should also be noted that these bankers are (almost) all extremely attractive on top of being smart and talented. Also, they work like demons doing some of the most excruciatingly detailed analysis and calculations imaginable, working 12 to 20 hours a day, Saturday morning conference calls, taxiing downtown to the office on a Sunday night at 10PM to review presentations for a few hours before catching the early morning flight to LA or Dubai or Tokyo. Most important in terms of Greider's skepticism, these bankers have no interest, as in ZERO interest, in destroying the US economy or global financial system. But there is a profession that thrives in times of financial turmoil and exploits fear, uncertainty and "crisis" to their advantage and it's not bankers.

To understand Banking the way Hillary "understands" banking you have to jump in the Whitewater, not the Whitewash. What Ms. Rodham learned early on in Arkansas was that bankers need the support of government to do business and GOVERNMENT can strong arm banks into doing almost anything - like, say, giving Susan Mcdougall $300K in a government backed loan so she could give some of that money to the politician who got it for her. Do that in Little Rock and you're a fuss-bucket lawyer in a backwater State gaming the political system to hedge your "investments" but move that ethos to Washington DC and implement it on a grand scale and you will (and did) collapse the entire house of cards. The wishful thinkers and innocents who read The Nation often complain that none of the evil bankers that destroyed the worlds financial system ever went to jail for there crimes and the US Tax payer was forced - FORCED - to bail them out, but there's a very good reason for why the bankers got a pass and it's because the bankers had direct links (meaning EVIDENCE) to Big Government "influence" (meaning coercion) on all their decisions. The Feds couldn't prosecute the bankers with out putting themselves in jail too - Mexican Standoff - so they took the easier, softer path of screwing the taxpayer.

Greider closes out with this howler:
This might sound hopelessly naive, but the Democratic Party might do better in politics if it told more of the truth more often: what they tried do and why it failed, and what they think they may have gotten wrong.
If they ever told the truth and admitted what they "got wrong" the people of America would murder them - not figuratively at the ballot box, but literally with pitchforks and axes submerging the Washington Mall in blood.

Comments

Popular posts from this blog

The Real Story with Gretchen Carlson

She was "sexy", but "too much hard work." I'm a regular Fox & Friends viewer (mostly in protest of the other insipid morning programs like Today and Good Morning America) so over the years I've gotten to know Gretchen Carlson pretty well. Stuck between Steve and Brian she always seemed a prudish scold with an irritating, self-righteous demeanor that I simply put up with because I figured some people in the Fox audience actually liked her persona. It was obvious that Steve and Brian did not, but they were stuck with her like so many talking heads and had to make the best of it - which they did. Besides, she was no worse than any of the other women on morning show TV - I mean, you're only going to find a certain kind of person to do this kind of work and that kind of person is the Gretchen Carlson kind. Then, one day, she was gone and replaced by Elisabeth Hasselbeck and the F&F ratings began to climb, and climb and climb - in two months view

No Step On Snek

On The 2020 Election: In an elemental way We the People of the United States lost because Trump, and the MAGA movement he champions, forced the Deep State/Administrative State/New World Order (whatever you want to call it) and its enablers in Corporate America - Finance/FakeNews/Big Tech - to declare their sovereignty and steal our election in the most obvious way possible. The brazenness and " in yo face " shamelessness of the crime is a big part of its effectiveness and loudly proclaims an intent to demoralize and defeat the America First ideology which actually won the highest number of votes in this nation's history. It wasn't even close and that was made clear when key cities in 5 or 6 swing states declared they would pause (stop) counting(?!) votes until all the rural districts had submitted results allowing the big city machines to manufacture the ballots required to put Jo(((k)))e Biden in the lead. NPC's and Normies don't get too critical of process a

I've Got You Dumb Motherfuckers Eating Right Out Of My Hand

The branches of government In 2011 John Lasseter wrote an opinion piece for The Onion which exposed Pixar's production strategy and shocking success in the marketplace : "Yes, after the success of our first few movies we had a hunch you'd continue to enjoy the wonderfully designed animation and our smart, lyrical writing, but I didn't think we'd create a horde of drooling morons ready to drop everything just to watch a fucking rat cook dinner." This observation was in reference to a Pixar film titled "Ratatouille" about a rat who dreams of becoming a French chef which, to my lights, created one of the most unappetizing and subversive stories ever told. The idea of rats running roughshod in a Michelin-starred restaurant is bad enough but when the proposition that "Anyone can cook" is taken to its evil and impossible extreme I must object for France and humanity. Using that movie and others as an example Lasseter makes the point that his