Saturday, June 25, 2011

Washington and Wall Street’s Incestuous Corruption - Martin Armstrong

In a spectacular account of investigative journalism rare in this day and age, Gretchen Morgenson reveals her talent to hunt down the truth. Unlike most books that have merely sensationalized the collapse, Gretchen has exposed the much deeper corruption that lays BEHIND THE CURTAIN linking Washington and Wall Street like you have only suspected before. 
Those who try to attack every negative account of the Investment Bankers as Conspiracy Nuts have been following the advice of Cicero. When you can’t address the subject, attack the speaker. Anyone who has dared to discuss the links between the New York Investment Bankers and Washington have been cast aside as Conspiracy Theories. The question now is, HOW MANY CO-INCIDENTS DOES IT TAKE TO MAKE A CONSPIRACY? Gretchen has exposed not just the usual account of how many people from Goldman Sachs have infiltrated government around the world, but how Goldman Sachs has also provided employment for government kingpins. If you ever wondered why no New York Investment Banker is ever criminally prosecuted, this book exposes the political links that protect them. J.P. Morgan and Goldman Sachs can be civilly prosecuted and fined for the very same acts that companies like ENRON, WORLDCOM, GALLEON, ARTHUR ANDERSON, DREXEL BURNHAM, REFCO, and numerous other firms were utterly destroyed for claims of fraud all because the government has discretion as to who it will prosecute criminally and civilly, meaning there is no black and white Rule of Law.
Whenever an economic crisis develops, everyone looks for the obvious culprit to blame and it is always just about the money. Consequently, with hindsight, any near meltdown of America’s financial system can be argued to have enriched a few at the expense of the rest of the people. Who’s responsible? Congress holds its hearings but the vast majority are lawyers.
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