- Top Features:
- War Room
- Glenn Greenwald
- Broadsheet
- Joan Walsh
- Camille Paglia
- Since You Asked
- Follow Salon:
Read other letters about this article
you collect premiums for a hundred years - when the quake finally occurs, you declare bankruptcy. the American Way. every ten years we have a "scandal". Ford bails out the S&L's. Greenspan bails out LTCM. Clinton bails out the mexican bondholders. the Fed is now hard at work bailing out the hedge funds. after a century, people get fed up. when it starts to smell like a french or russian revolution might occur someone like FDR co-opts and props up. saves the investor class by giving something to the peons. then slowly, it starts up again - a thinker class emerges explaining why everyone eventually benefits by exploitation.
