Sunday, November 20, 2011

The Mayor Of Wall Street

He wasn't kidding. No, the 12th wealthiest man in the U.S.A. was dead serious when he said of the individuals huddled together against weather in Zuccotti Park

It’s fun and it’s cathartic... it’s entertaining to go and blame people. ... It was not the banks that created the mortgage crisis. It was, plain and simple, Congress who forced everybody to go and give mortgages to people who were on the cusp.

This also apparently is Mayor Bloomberg's idea of fun, New York City police officers in riot gear huddled together to protect Chase Bank:

Bloomberg is anxious to rewrite recent history but Robert Scheer finds it

mind-boggling that Bloomberg still hypes the canard that the banks were forced to reap enormous profits from toxic securities. It is an embarrassing, dishonest position when the record of banker fraud in creating the housing bubble is so well documented in Securities and Exchange Commission lawsuits. Is Bloomberg unaware that the major banks have agreed to pay hefty fines in a meager compensation for their schemes? That he blames the victims of the securitization swindles and then orders the arrest of those who dare speak the truth is a tribute to his belief in the enduring power of the big lie.

Throughout the nation mayors are frightened by other Americans, taking their cue from the eerily-named Department of Homeland Security, and projecting a show of force which spurred violence in Tahrir Square and Tianamen Square. And first in line in the Paranoia Parade is the Big Apple.

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