America – the Bank-owned State
By Ann Pettifor. Huffington Post. 20 April, 2009. The Obama administration said no to downsizing and re-structuring the banks. They balked at firing incompetent CEOs. Under attack from Republicans and Wall Street they held back on controlling financial institutions that, post bail-out, are in reality ‘State-Owned Banks’. As a result, the US administration has itself […]