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From Detroit to Cyprus, Banksters in Search of Prey

by BAR executive editor Glen Ford

Detroit and the people of Cyprus share the same enemy.” The Lords of Capital, who are preparing to snatch chunks of cash straight out of ordinary people’s accounts in Cyprus, to pay for a bank bailout, are the same class that has “devalued the franchise of the 49 percent of Michigan’s Black population that live in municipalities and school districts under the thumb of outside financial managers.”

The White House Un-Reality Show

 

by BAR executive editor Glen Ford

Despite the fact that “it was Barack Obama who began the current austerity offensive in the weeks before delivering his first inaugural address,” the president was allowed to pose as a champion of the social safety net. Having redefined war, he once again claims to be a peacemaker. By cheering the inaugural speech, progressives are only encouraging Obama’s gaming and mendacity.”

Obama and the Bank Protection Racket

 

by BAR executive editor Glen Ford

Wall Street knows, with great intimacy, that it is perched on the lip of the abyss, that the next crash can come from any number of directions, that all its faults are active and all its contradictions, acute.” Wall Street’s protectors in the Obama administration understand this, too. “The U.S. Justice Department’s job, as Eric Holder sees it, is to immunize the criminals from prison time, and then fine their companies to preserve the illusion of justice.” However, when the next crash comes, a State of Emergency will follow.

State of Obama: Immunity for Wall Street

by BAR executive editor Glen Ford

President Obama hoped to announce a monetary “settlement” of massive banker criminality in housing foreclosures that would grant banks immunity from prosecution.” But he was thwarted by a small group of state attorneys general that wanted real investigations, forcing the president into setting up a toothless enforcement unit of his own. For Wall Street banksters, impunity and immunity are the continuing states of the union.

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by Dr. Radut