The Mudcat Café TM
Thread #145893   Message #3377457
Posted By: ollaimh
16-Jul-12 - 11:59 PM
Thread Name: BS: Global Financial Collapse
Subject: RE: BS: Global Financial Collapse
i like the idea of bounty hunters for bankers, but that would almost certainly lead to a military coup in the u.s.a.. the right would not let their stranglehold on the financial industry and its stranghlehold on america go down without a fight.

the creation of private armies during the war in iraq is a sea change. the private"contractors" out number the regular army in iraq. this is just the beginning unless it's stopped now and i don't see anyone worried azbout it.

after the junk bond scandal the financial sector realized that the regulators and the congress were the enemy. they effectively moved to control them and now they run the bod rating agencies, the regulatyors and the american financial policy. in addition they have a private army. the final step. as long as americans sheepishly accept the parody of democracy they will stay on the sidelines but if there is any threat of real reform, even the weak types of reform of the roosevelt years--well--expect trouble