Monday, September 22, 2008

Here's a sobering thought

In a week of sobering thoughts...

from the comments to a Kos diary, The Way Forward by Sterling Newberry:
Lehman Brothers BK was the Riechstag Fire (50+ / 0-)

Lehman Brothers was put into bankruptcy solely as the means of making the situation critical enough to push through this legislation unreviewed.

Lehman Brothers was no more bankrupt last weekend than it was six months ago. The Street has been talking about Lehman being bust for ages. It was kept on life support after Bear Stearns purely for the purpose of facilitating this ultimate "fuck you" to the American taxpayer from the Bush administration.

The timing of events is no coincidence. The Fed is the master orchestrator of all that we are allowed to see, but there is so, so much happening behind the curtain that we are not allowed to see.

This legislation does to property rights and contract rights what the Patriot Act did to civil rights. It won't be the same country if this passes.

"Am I not destroying my enemies when I make friends of them?" - Abraham Lincoln

by LondonYank on Sun Sep 21, 2008 at 11:30:51 AM PDT

And their backup 'fire' is Morgan Stanley ... (16+ / 0-)

... just in case they need an even bigger display of fear-mongering.


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