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What he doesn't seem to say clearly enough is that the bailout of the big banks (but not the small) represents a massive further transfer of wealth from the poor and middle classes to the super-rich which will exacerbate the wealth inequality which is at the heart of the crisis in the first place.  Looks like Marx could be right after all!

"It's a mystery to me - the game commences, For the usual fee - plus expenses, Confidential information - it's in my diary..."
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Tue Jul 15th, 2008 at 06:04:35 PM EST
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