The Big Takeover | Rolling Stone…….

This is the must read article for the financial crisis.

Matt Taibbi’s article is so good, in fact, I can even forgive Rolling Stone for giving both Chinese Democracy and No Line on the Horizon five star ratings and putting both discs on their must have list.

The mistake most people make in looking at the financial crisis is thinking of it in terms of money, a habit that might lead you to look at the unfolding mess as a huge bonus-killing downer for the Wall Street class. But if you look at it in purely Machiavellian terms, what you see is a colossal power grab that threatens to turn the federal government into a kind of giant Enron — a huge, impenetrable black box filled with self-dealing insiders whose scheme is the securing of individual profits at the expense of an ocean of unwitting involuntary shareholders, previously known as taxpayers.

read more | digg story

Published by

bibo

After successfully crash landing in the Pacific Northwest, Bibo decided to take advantage of the low interest rates and gamble on the Seattle housing market. The god monster with some intelligence now resides somewhere in North Seattle.