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Reply #18: This is long winded but it shows how much clout Citi possesses [View All]

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truedelphi Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Sun Oct-04-09 07:28 PM
Response to Reply #5
18. This is long winded but it shows how much clout Citi possesses
Edited on Sun Oct-04-09 07:33 PM by truedelphi
In Jan of 1994, due to a minor illness, I watched TV 24/7.

One of the wonderful things that was going on that week was that the Chiappas were in revolt. Not only that -- the friggin' Mainstream Media was responding like crazy. They actually sent CBS, NBC and ABC reporters down to the hills of the farming community. Local news casters allowed for the film videos of the young reporters taking the viewer into the insides of the revolting peasants' huts. Families that had a halfway decent set of dishes were considered "wealthy" because many families only had several eating implements to share among five six or more people. These opeople were poor in a way that most Americans could not envision - no running water, dirt floors, little in the way of stored food, etc.

The media was excited about it. They had detailed explanations of how oppressed these peasants were. How onerous the Mexican army sent in to fight against them.
"Tune back in at 6 or 11 or tomorrow morning, and there will be even more," became an hourly promise.

"This is almost like Edward Murrow" thought I.

Friday early morning media had an update on the revolt. But then at the noon news feed, all that came up was a report that skater Nancy Kerrigan had her knee badly damaged by two guys with crude weapons. From that point on, the Nacy Kerrigan/Tonya Harding 24/7 was all that remained of news.

Over a decade later, in an article in Rolling Stone, it was revealed that Citibank put out the word that the coverage had to be squashed immediately.

And so it was.

Not one of the major news stations showed anything more about the Chiappas revolt. And it was at least ten days later that I read a small update (like on page 22) of the San Francisco Chronicle.






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  Citigroup's Shocking 'Plutonomy' Reports kpete  Oct-04-09 12:51 PM   #0 
   Even the rich are surprised we don't fight back!!  Generic Other   Oct-04-09 12:54 PM   #1 
   When they feel they have nothing left to lose.  Barack_America   Oct-04-09 01:40 PM   #7 
   Revolution  Angry Dragon   Oct-04-09 08:15 PM   #32 
   Very soon, when the Middle Class is thrown into poverty  Odin2005   Oct-04-09 08:11 PM   #29 
   you think that a middle class exists?  harmonicon   Oct-04-09 08:37 PM   #41 
      McCain set the boundary at 5 million/yr.  Mithreal   Oct-05-09 12:37 AM   #66 
   Cause they scare people with all the crazy shit we are hearing on a  WCGreen   Oct-04-09 08:13 PM   #31 
   We do have a simple rebelion option ... all that is required is SOLIDARITY  jimlup   Oct-04-09 09:07 PM   #48 
   Has there ever been a reasonable rebellion?  loudsue   Oct-05-09 12:30 AM   #65 
   You make a good point...  KansDem   Oct-05-09 09:23 AM   #87 
      RE: "Right now, I've got a leaky water heater "  LiberalAndProud   Oct-05-09 12:44 PM   #115 
   Never, and they know it  Lorien   Oct-05-09 02:08 AM   #70 
   Can we please lay off the "watching TV" theme for once? It's not like DU doesn't have TV threads.  WinkyDink   Oct-05-09 07:38 AM   #81 
      It is a valid point, however  MorningGlow   Oct-05-09 09:34 AM   #91 
   Howard Zinn wrote of this  riverbendviewgal   Oct-05-09 07:07 AM   #78 
   "the rich use the middle class as a buffer between the poor and them."  redqueen   Oct-05-09 11:22 AM   #95 
   Even the rich can't believe their propaganda has worked this good for this long.  harun   Oct-05-09 09:28 AM   #88 
   Disturbing on so many levels, particularly  mix   Oct-04-09 01:01 PM   #2 
   It's simply BS.  fasttense   Oct-05-09 06:15 AM   #75 
      Fasttense brings up some vital points...  JHB   Oct-05-09 08:00 AM   #82 
      I think I can tell you why. Sadly.  CTyankee   Oct-05-09 09:00 AM   #86 
      6.7 billion people on the planet, 300 million Americans  leftstreet   Oct-05-09 12:23 PM   #108 
   An Excellent Analysis, Ma'am, Reminiscent Of Herr Kautsky Describing Imperial Rome  The Magistrate   Oct-04-09 01:32 PM   #3 
   Such was France's economy structured from Louis XIV to the Third Republic.  mix   Oct-04-09 01:37 PM   #4 
   Indeed, Sir, the Pattern Is A Common Enough One  The Magistrate   Oct-04-09 01:39 PM   #6 
      Perhaps that is why they belittle the Arts & Science education  WCGreen   Oct-05-09 02:11 AM   #71 
   It is the destruction of Republican Rome's middle class of free farmers that destroyed the Republic.  Odin2005   Oct-04-09 08:19 PM   #33 
      kick nt  phasma ex machina   Oct-05-09 01:59 AM   #69 
   Kept tellin' you all that Citigroup is a criminal enterprise.  aquart   Oct-04-09 01:38 PM   #5 
   They were the ones who petitioned the hardest for the repeal of Glass Steagal  AllentownJake   Oct-04-09 02:09 PM   #12 
   This is long winded but it shows how much clout Citi possesses  truedelphi   Oct-04-09 07:28 PM   #18 
   Fucking BASTARDS!!!  Odin2005   Oct-04-09 08:23 PM   #36 
   I think you should dig up more info on that. I believe you- it's just like a  Occulus   Oct-05-09 05:05 AM   #74 
   Fuck Citibank  ThePantaloon.com   Oct-04-09 07:31 PM   #19 
   How can Citigroup be blamed for telling the truth?  MajorChode   Oct-04-09 07:59 PM   #23 
   because they lobbied hard for repeal of Glass-Steagall  northernlights   Oct-04-09 08:50 PM   #44 
   Glass-Steagall has nothing to do with plutonomy  MajorChode   Oct-04-09 09:27 PM   #52 
      Glass-Steagall had a lot to do with protecting the middle class  northernlights   Oct-05-09 12:33 PM   #111 
         You're really reaching here  MajorChode   Oct-05-09 06:38 PM   #128 
   Unfortunately..  sendero   Oct-04-09 08:53 PM   #45 
      Bullshit  MajorChode   Oct-04-09 09:10 PM   #49 
         How much has Obama raised...  sendero   Oct-04-09 09:23 PM   #51 
         So who do you think deserves most of the blame for that?  MajorChode   Oct-04-09 09:30 PM   #53 
         The Democrats we have right now..  sendero   Oct-04-09 09:41 PM   #55 
            Give me a break  MajorChode   Oct-04-09 09:54 PM   #56 
               Deleted message  Name removed   Oct-04-09 10:06 PM   #57 
                  Your childish name calling speaks volumes about you  MajorChode   Oct-04-09 10:18 PM   #58 
         Just under 5% and that nearly caused a revolution  stevenleser   Oct-04-09 10:30 PM   #59 
            But won't that increase when Bush's Tax Cuts for the rich expire in 2010?  whathehell   Oct-05-09 11:48 AM   #102 
         enough to pass them. twice. that's all it takes. the others don't have to vote  Hannah Bell   Oct-05-09 08:27 AM   #84 
            "enough" /= 99%  MajorChode   Oct-05-09 11:18 AM   #93 
               if 1 vote is all that's needed to pass it, why would more go on record with an unpopular vote?  Hannah Bell   Oct-05-09 05:01 PM   #119 
                  Follow the thread backwards  MajorChode   Oct-05-09 05:50 PM   #121 
                     non-seq  Hannah Bell   Oct-05-09 05:53 PM   #122 
                        That's been your problem all along  MajorChode   Oct-05-09 06:11 PM   #125 
                           i don't have a problem. yours is you want to pretend dems don't collude in the ruling  Hannah Bell   Oct-05-09 06:19 PM   #127 
                              Oh yes, only the dyed in the wool card carrying Marxists have the one and only true answer  MajorChode   Oct-05-09 07:00 PM   #129 
   Hence my invocation of the guillotine.  Odin2005   Oct-04-09 08:21 PM   #34 
   I can't believe they were stupid enough to put this in writing  AllentownJake   Oct-04-09 01:49 PM   #8 
   Never underestimate the stupidity of Citi.  aquart   Oct-04-09 01:52 PM   #10 
   They are in the most trouble of all the banks  AllentownJake   Oct-04-09 01:56 PM   #11 
   Probably not stupidity but arrogance.  harun   Oct-05-09 09:30 AM   #89 
   A rich man has only one vote unless you sell him yours.  aquart   Oct-04-09 01:50 PM   #9 
   As we saw with the town hall meeting disruptors, there are plenty of sheep willing to do that.  Catshrink   Oct-04-09 02:15 PM   #13 
   Fear  Angry Dragon   Oct-04-09 08:10 PM   #27 
      Well said..  Catshrink   Oct-04-09 08:35 PM   #40 
   "A rich man has only one vote unless you sell him yours"  Hubert Flottz   Oct-05-09 04:49 AM   #73 
   I beleive that this is what Sherlock Holmes refered to as ...  wolfgangmo   Oct-05-09 12:28 PM   #110 
   anecdotal evidence  NJCher   Oct-05-09 09:00 AM   #85 
   Keep in mind the difference between ownership and control  wolfgangmo   Oct-05-09 12:26 PM   #109 
   but they have most of the money.  Hannah Bell   Oct-05-09 06:02 PM   #123 
   All the more reason to discredit Acorn:  Helga Scow Stern   Oct-04-09 02:24 PM   #14 
   Hey...the report gives out e-mail addresses!!  dixiegrrrrl   Oct-04-09 04:00 PM   #15 
   One inevitable result from Plutonomy is national ignorance and  Uncle Joe   Oct-04-09 06:23 PM   #16 
   There is only one way to stop this.  Leftist Agitator   Oct-04-09 07:23 PM   #17 
   is silk strong enough to make nooses?  datasuspect   Oct-04-09 07:34 PM   #20 
      Spider silk is stronger than steel. (nt)  w4rma   Oct-04-09 07:56 PM   #21 
   Here's the fundamental reality that many on DU (and everywhere else) can't fathom  MajorChode   Oct-04-09 07:56 PM   #22 
   Yep, it's the "L" curve at work...  Fumesucker   Oct-04-09 08:04 PM   #24 
   One could make the income tax more progressive.  Selatius   Oct-04-09 08:10 PM   #28 
   It's far deeper than that  MajorChode   Oct-04-09 08:31 PM   #38 
      As it stands, there is a FICA cap on income roughly over 100,000.  Selatius   Oct-04-09 08:41 PM   #42 
         That's exactly what I'm suggesting  MajorChode   Oct-04-09 08:58 PM   #46 
         The boomers are mostly all dead by 2040. & the mid-range SS forecasts you  Hannah Bell   Oct-05-09 06:10 PM   #124 
   I don't think that's what's going on here.  DireStrike   Oct-04-09 08:31 PM   #39 
   I didn't say most, I said many  MajorChode   Oct-04-09 08:49 PM   #43 
      Accumulation of capital as a means of earning a living is, itself, one of the prime causes of  Greyhound   Oct-05-09 12:00 PM   #103 
         Interesting theory  MajorChode   Oct-05-09 07:17 PM   #130 
   It's worse than that MC  stevenleser   Oct-04-09 10:32 PM   #60 
   The only wealth tax I can really get behind is an inheritance tax  MajorChode   Oct-04-09 10:51 PM   #61 
   The Capital Gains tax needs a huge hike. Or it needs to be considered income and included in the  w4rma   Oct-05-09 12:12 AM   #64 
   It is considered income, it's just a "special" type of income  MajorChode   Oct-05-09 11:28 AM   #96 
      That sounds to me like a good solution, on the surface. (nt)  w4rma   Oct-05-09 11:19 PM   #133 
   +1, tax wealth more, wage income less.  harun   Oct-05-09 09:32 AM   #90 
   It's that tried and true tactic - divide and conquer.  redqueen   Oct-05-09 11:28 AM   #97 
   What is the top bracket when Bush's tax cut expires?  LiberalAndProud   Oct-05-09 12:51 PM   #116 
      approximately the rates of the clinton admin.  Hannah Bell   Oct-05-09 06:13 PM   #126 
   As long as the super-rich have enough men with guns to protect them, then  valerief   Oct-04-09 08:09 PM   #25 
   They have enough now...but if the shit really flies they will never have enough....  RagAss   Oct-04-09 08:23 PM   #35 
      We gotta start catapulting some shit then! nt  valerief   Oct-04-09 08:27 PM   #37 
   Time to take these arrogant fuckers to the guillotine!  Odin2005   Oct-04-09 08:09 PM   #26 
   Deleted message  Name removed   Oct-04-09 08:11 PM   #30 
   bookmarked. K&R  Soylent Brice   Oct-04-09 09:05 PM   #47 
   bookmarked. K&R  snagglepuss   Oct-04-09 09:16 PM   #50 
   K&R  Kitty Herder   Oct-04-09 09:34 PM   #54 
   "The Family" by Jeff Sharlet talks about those people. They make no bones  alfredo   Oct-04-09 11:12 PM   #62 
   We could dust off a guillotine for the let them eat cake set.  Vidar   Oct-04-09 11:27 PM   #63 
   Plutonomy....what a crock of shit!!  CoffeeCat   Oct-05-09 01:39 AM   #67 
   The arguments presented in the Citigroup memo are bit persuasive.  JDPriestly   Oct-05-09 03:25 AM   #72 
   They are saying that "we" aren't in a recession. Meaning, "we plutocrats"  izzybeans   Oct-05-09 11:18 AM   #94 
   Top 10% get 25% of income, top 20% get 40%. Bottom 80% get 60%, some in transfer payments.  Hannah Bell   Oct-05-09 01:48 AM   #68 
   Numbers are a bit off, I just looked them up a few days ago and the top 1% takes over 30%,  Greyhound   Oct-05-09 12:14 PM   #104 
   pre-tax.  Hannah Bell   Oct-05-09 05:45 PM   #120 
   Gini index  lumberjack_jeff   Oct-05-09 12:40 PM   #114 
   Plutonomy + Republiconism  SpiralHawk   Oct-05-09 06:36 AM   #76 
   Relevant OpEd from today's NYT  Danascot   Oct-05-09 07:05 AM   #77 
   How suprising. Possessing $1.3 trillion, the wealthy might have bailed themselves out.  caseymoz   Oct-05-09 09:40 AM   #92 
   Saw Moores flick last night  voteearlyvoteoften   Oct-05-09 07:14 AM   #79 
   They don’t see this happening yet because they keep us pacified  liberal N proud   Oct-05-09 07:24 AM   #80 
   Not only do they keep us pacificed, they've successfully branded  Arugula Latte   Oct-05-09 11:31 AM   #98 
   Once again, thank-you Michael Moore. Great film exposing amazing corruption. nt  polichick   Oct-05-09 08:01 AM   #83 
   They have successfully devised a system  Turbineguy   Oct-05-09 11:36 AM   #99 
   I recommend this post, the poster, & M. Moore's movie! (whether one agrees, or not) nt  2 Much Tribulation   Oct-05-09 11:36 AM   #100 
   K&R  Echo In Light   Oct-05-09 11:40 AM   #101 
   K&R  leftstreet   Oct-05-09 12:15 PM   #105 
   K&R  Orwellian_Ghost   Oct-05-09 12:16 PM   #106 
   kick for later reading...  Blue_Tires   Oct-05-09 12:23 PM   #107 
   Time to get a little 1789 on their ass! "Liberté, égalité, fraternité, ou la mort!" n/t  NoodleyAppendage   Oct-05-09 12:35 PM   #112 
   ...  Arugula Latte   Oct-05-09 12:52 PM   #117 
   i think homer simpson said it best...........DOH!  happygoluckytoyou   Oct-05-09 12:36 PM   #113 
   ...  redqueen   Oct-05-09 02:49 PM   #118 
   When was this initially leaked? How did the corporate media ignore it for so long?  NAO   Oct-05-09 07:59 PM   #131 
   K & R  AzDar   Oct-05-09 08:10 PM   #132 
 

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