AIG and the Big Takeover: Matt Taibbi on "How Wall Street Insiders Are Using the Bailout to Stage a Revolution"
(Video) “The reality is that the worldwide economic meltdown and the bailout that followed were together a kind of revolution, a coup d’état,” writes Taibbi. “They cemented and formalized a political trend that has been snowballing for decades: the gradual takeover of the government by a small class of connected insiders, who used money to control elections, buy influence and systematically weaken financial regulations.” Full Story »
Posted by Dwight Rousu
The giveaway to hedge funds is credited as the reason for the stock market rally. The republicans were crying "socialism," but it seems most the money is going to the ultra-rich.