Rescuing the Banks Instead of the Economy

By Michael Hudson

November 02, 2018 "Information Clearing House" -  You canít bail out the banks, leave the debts in place, and rescue the economy. Itís a zero-sum game. Somebody has to lose. Thatís what happened in 2009 when President Obama came in. He invited the bankers to the White House and he said, ďIím the only guy standing between you and the mob with pitchforks,Ē by which he meant the voters that he was bamboozling. He reassured the bankers. He said, ďLook, my loyalty is to my campaign donors not to the voters. Donít worry; my loyalty is with you.Ē


Please register to comment on articles at Information Clearing House. We ask that you post comments, if you have information that confirms or challenges the opinion offered in the article. It is not acceptable to make personal attacks on either the author or other members of the ICH community, doing so will result in cancellation of your posting privileges.

Are You Tired Of The Lies And Non-Stop Propaganda?

Get Your FREE Daily Newsletter
No Advertising - No Government Grants - This Is Independent Media