Naomi Klein (“The Shock Doctrine“) wrote an article in Rolling Stone saying the bailout on Wall Street was “borderline criminal”. In a recent interview on Democracy Now she says the G20 conference in Washington was an epic lost opportunity. G20 reaffirmed deregulation. Banks such as Citibank and Barkleys want to buy up Chinese and Indian banks, she says, so we have heavily subsidized “corporate welfare bums” preaching free trade. Hypocritical, indeed.
Why are Democrats so weak now that they have their big chance? (I wrote an exercise for Spotlight called Nightmare on Wall Street, to practice financial vocabulary.)