How Wall Street fleeces America : privatized banking, government collusion and class war / Stephen Lendman.
"Lendman contends that for over one hundred years powerful bankers have used their control over money, credit and debt for private self-enrichment, bankrolling and colluding with the US Congress and administrations to implement laws favouring them. As a result, decades of deregulation, outsourc...
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| Main Author: | |
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| Format: | Book |
| Language: | English |
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Atlanta, GA :
Clarity Press, Inc.,
[2011]
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| Subjects: |
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| 245 | 1 | 0 | |a How Wall Street fleeces America : |b privatized banking, government collusion and class war / |c Stephen Lendman. |
| 264 | 1 | |a Atlanta, GA : |b Clarity Press, Inc., |c [2011] | |
| 264 | 4 | |c ©2011 | |
| 300 | |a 190 pages ; |c 23 cm | ||
| 336 | |a text |b txt |2 rdacontent | ||
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| 338 | |a volume |b nc |2 rdacarrier | ||
| 504 | |a Includes bibliographical references and index. | ||
| 505 | 0 | |a Dirty secrets of the temple -- Capitalism and freedom unmasked -- Greenspan's dark legacy -- A short history of government handouts to bankers and other corporate favorites -- Quantitative easing: elixir or poison? -- Fraud in America -- Obama's anti-populist budget and deficit fix -- The recession is over, the depression is just beginning -- Manipulation: how markets really work -- Goldman Sachs: master of the universe -- Financialization: the rise of casino capitalism -- Class warfare jeopardizing American workers' security -- Waging war on America's workers -- Permanent debt bondage from America's student loan racket -- On the chopping block: social security, Medicare, Medicaid, and public pensions -- The federal reserve abolition act -- Public banking: an idea whose time has come. | |
| 520 | |a "Lendman contends that for over one hundred years powerful bankers have used their control over money, credit and debt for private self-enrichment, bankrolling and colluding with the US Congress and administrations to implement laws favouring them. As a result, decades of deregulation, outsourcing, economic financialization, and rabid capitalism followed, producing asset bubbles, record budget and national debt levels, and depression-sized unemployment far higher than reported numbers, albeit manipulated to look better. After the financial crisis erupted in late 2007, even harder times have left Main Street in the early stages of a depression, with recovery pure illusion. Today's contagion has spread out of control, globally. Wall Street got trillions of dollars in a desperate attempt to socialize losses, privatize profits, and pump life back into the corpses by blowing public wealth into a moribund financial sector, failing corporate favourites, and America's aristocracy. While Wall Street boasts it has recovered, industrial America keeps imploding. High-paying jobs are exported. Economic prospects are eroding. Austerity is being imposed, with no one sure how to revive stable, sustainable long-term growth. This book provides a powerful tool for showing people how they've been fleeced, including a plan for constructive change." --Publishers description. | ||
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