We lavish money on the financial sector, which ‘refuses’ to reveal to us what they’re doing with it, while we blithely allow the foundations of our economy to sink.

Recently read that we gave Citigroup $20 billion, which at the time would have bought their entire company, but nevermind they generously ‘gave’ us a whopping 7.8 percent equity in the company back.

I’ve finally figured out laissez-faire capitalism. Its dogmatism goes out the window when the finance capitalists want government money.  On the other hand, when labor, foreinstance, needs government money they’re told no because it would be in direct opposition to laissez-faire/free market/capitalism.

President Bush/Congress allowed large corporations to ship US manufacturing jobs overseas, mainly to China and Mexico, in exchange for opening up their financial sector to US companies. The US real economy is sacrificed in the name of free trade, but is actually managed trade, to help the US financial sectors. Now that the financial system is bankrupt and only staying afloat through a reverse bank heist, i.e., the financial ruling class is robbing the Treasury of at least $3+ trillion plus dollars, apologists such as the NYT’s Mr. Mark Landler want the real economy to take the fall for the sins of the financial sector. BULL!!! The bankrupt financial system should be nationalized, a la the Swedish method, and the culpable board of directors, management, equity and debt holders be made to rightly pay for the corrupt and dangerous actions of Wall Street bankers. The tax code, used all these years to ship manufacturing oversees, should be reversed to bring these jobs home.