As the TSUNAMI, the MOUNTAIN, the all-crushing glacier of evidence and stories points to Pres. Obama's own "economics team" as being at the VERY CORE of the TRILLIONS of dollars of investor, worker, pensioner, & taxpayer dollars that have VANISHED into the thin air over the past 3 years in the current economic crisis, former LA Times columnist _Robert Scheer_ puts it all in one nice, tidy commentary: LAWRENCE SUMMERS is indeed the HEDGE-FUND BILLIONAIRES' _point man_ for _both_ the DEREGULATION that has led DIRECTLY to world Economic Crisis 2008-2009, AND Mr. Summers is also at the center of the Bush-Paulson, and now __Obama-Geithner__, efforts, to use the Economic Crisis as AN EXCUSE to TRANSFER TRILLIONS _MORE_ TAXPAYER DOLLARS, to the VERY insanely greedy, entitled, corrupt, and Congress- & media-owning Banksters who created this economic crisis in the first place!
Mr. LAWRENCE SUMMERS, item #1. in the modern indictment for THE BANALITY OF EVIL: TRILLIONS of investor, worker, pensioner, & taxpayer dollars VANISHED into THIN AIR from uber-Right-Wing Republican PHIL GRAMM's two-decade "DEREGULATION" JIHAD... and "Democrat" (NOT!) bankster LAWRENCE SUMMERS COLLECTS his MILLIONS of dollars in pay... and now a seat at THE MOST POWERFUL "economics" position in America in the Obama "Change" (NOT!) White House - for BRINGING that very RIGHT-WING DEREGULATION NIGHTMARE to pass!!
In this same weekend's TruthDig.com, DAVID SIROTA reports: "By Bloomberg News’ account, $12.8 trillion worth of taxpayer loans, grants and guarantees" have been GIVEN TO Wall Street & the large Hedge Funds & banks since the bubble-busting Economic Crisis Mr. Summers WORKED SO HARD TO CREATE.
A nearly THIRTEEN TRILLION DOLLAR _TRANSFER OF WEALTH_ FROM working-stiff Taxpayers TO THE WEALTHY, of whom Mr. Summers is an arrogant, elitist, secretive, kleptocratic, entitled Golden-Boy icon, or text-book example.
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Living Large and in Charge -
- LAWRENCE SUMMERS at the CENTER of the FINANCIAL SWINDLES that ENRICHED the TITANS OF FINANCE while IMPOVERISHING the REST OF THE WORLD.....
By Robert Scheer
April 7, 2008
http://www.truthdig.com/report/item/20090407_robert_scheer_april_8_column/
Not surprisingly, Lawrence Summers is convinced that he deserved every penny of the $8 million that Wall Street firms paid him last year. And why shouldn’t he be cut in on the loot from the loopholes in the toxic derivatives market that he pushed into law when he was Bill Clinton’s treasury secretary? No one has been more persistently effective in paving the way for the financial swindles that enriched the titans of finance while impoverishing the rest of the world than the man who is now the top economic adviser to President Obama.
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