Lex Luz

Tim Geithner vs. The American Banking Elite

While there is no question that millions of people took on far too much debt and thus bear their share of responsibility for the crisis we face, the majority of those people are not getting bailed out. Thousands of companies ranging from banks to automakers and more, all of whose executives drove execrable decision-making, ARE getting bailed out. That's why the whining from the political right-wing about blaming individuals for the crisis has lost traction.

It's a ridiculous argument and one that forwards nothing, anyway. It matters not one bit who is responsible for what. What matters now is that our banking system has shown itself to be managed by at best a cadre of hopelessly irresponsible greedheads, and more likely simply by thieves.

The same goes for our government - every institution that was once chartered to protect the public interest now exclusively serves the corporate interest. The political right has triumphed this by claiming it's in the service of "free markets," but people are beginning to understand clearly that truly free markets depend entirely on transparency and accuracy in reporting between all actors in a transaction or in the system. As long as the FDA protects the interest of Monsanto, ADM, Pfizer, Merck, and others, while subverting the interests of consumers if its corporate masters so direct it, we will not have free markets at all. As long as villains like Geithner sit in the big office at Treasury, we will not have a banking system founded on transparency, accuracy, and trust.

Remember this: the last thing tyrants do before abandoning their country to the waste-bin of history is loot the treasury.

The only thing that will stop this madness is revolution. It will come, sooner or later. Unfortunately, it's probably going to come in the form of a fascist dictatorship, because that seems to be exactly what joe buckethead wants most.