Friday, March 27, 2009

On a tip from Jim...

Jim Bateman called and suggested the following as a way to further understand the economic crisis we find ourselves in: from rollingstone.com, The Big Takeover by Matt Taibbi. It's a substantial essay with a subtitle that says:

The global economic crisis isn't about money - it's about power. How Wall Street insiders are using the bailout to stage a revolution.

Worth reading with lots of new financial terms and stories of intentional malfeasance leading to the enrichment of a few and the collapse of our financial structure. I think those few should be brought to trial and given the option of personal hari-kari or a public beheading. You know, China does that to guys who use their power and position to cause bad things.

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