Politico: The Grassy Knoll

The Bailout Is - Literally - Fascist

Posted from 911blogger.com blogs 70 days ago

http://georgewashington2.blogspot.com/2008/09/fascist-economics-state-pa... A former senior advisor to the U.S. Treasury and highly-regarded economics professor, Nouriel Roubini, says that Washington’s bail outs are “socialism for the rich, the well connected and Wall Street; it is . . . a corrupt system where profits are privatized and losses are socialized.” In fact, this is a quintessential characteristic of economies run by fascist regimes. For example, historian Gaetano Salvemini argued in 1936 that fascism makes taxpayers responsible to private enterprise, because "the State pay... (original story)