Saturday, June 20, 2015

Those Who Didn't Learn From 2008 Have Been Condemned To Repeat It

Sans "Happy Ending"

ZH: June 19, 2015
Pope Francis: The Status Quo "Has No Future"
"Saving banks at any cost, making the public pay the price, foregoing a firm commitment to reviewing and reforming the entire system, only reaffirms the absolute power of a financial system, a power which has no future and will only give rise to new crises after a slow, costly and only apparent recovery. The financial crisis of 2007-08 provided an opportunity to develop a new economy, more attentive to ethical principles, and new ways of regulating speculative financial practices and virtual wealth. But the response to the crisis did not include rethinking the outdated criteria which continue to rule the world."

The Idiocracy only conned themselves, all of the debts owed from 2008 WILL get paid.

Obama's permanent legacy will be one of looking the other way while the real damage was done. The foodstamp-dispensing Wall Street Manchurian Candidate.