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Michael Moore: The Rich Are Staging a Coup This Morning

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Phred42 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 09:58 AM
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Michael Moore: The Rich Are Staging a Coup This Morning
The Rich Are Staging a Coup This Morning ...a message from Michael Moore
http://www.michaelmoore.com/words/message/index.php?id=235

Friends,

Let me cut to the chase. The biggest robbery in the history of this country is taking place as you read this. Though no guns are being used, 300 million hostages are being taken. Make no mistake about it: After stealing a half trillion dollars to line the pockets of their war-profiteering backers for the past five years, after lining the pockets of their fellow oilmen to the tune of over a hundred billion dollars in just the last two years, Bush and his cronies -- who must soon vacate the White House -- are looting the U.S. Treasury of every dollar they can grab. They are swiping as much of the silverware as they can on their way out the door.

No matter what they say, no matter how many scare words they use, they are up to their old tricks of creating fear and confusion in order to make and keep themselves and the upper one percent filthy rich. Just read the first four paragraphs of the lead story in last Monday's New York Times and you can see what the real deal is:

"Even as policy makers worked on details of a $700 billion bailout of the financial industry, Wall Street began looking for ways to profit from it.

"Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages.

"At the same time, investment firms were jockeying to oversee all the assets that Treasury plans to take off the books of financial institutions, a role that could earn them hundreds of millions of dollars a year in fees.

"Nobody wants to be left out of Treasury's proposal to buy up bad assets of financial institutions."

more........
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fascisthunter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 09:59 AM
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1. kick
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LuckyLib Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 10:06 AM
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2. They are designing derivitive schemes as well, to "bet" on whether or not the bailout works.
Edited on Mon Sep-29-08 10:10 AM by CLW
The almost invisible rich (so wealthy it's difficult for us to imagine)will weather the storm. And the rest of us?
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MadrasT Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 10:08 AM
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3. The rest of us are soundly fucked.
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Phred42 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 10:13 AM
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4. The lucky of us will have stocked up on KY
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L. Coyote Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 10:31 AM
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5. INDEED! "hundreds of millions of dollars a year in fees"
Add in all the profits now privatized.

The theft has already happened. Now, they just want someone to refill the piggy bank so they can do it again!
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Phred42 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 10:40 AM
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6. Sorry -= Dupe
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