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Friday, October 03, 2008

America pays the piper, big time pt.1

Robert Parry: After 28 years of drunken optimism and blind nationalism the US wakes up to a grim future

The People's Republic of Wall Street
Pepe Escobar: What's behind the "no banker left behind" bailout

The financial crisis may be the number one issue on US voters' minds, but there seems to be no leadership at work in Washington, comments Pepe Escobar. The Wall Street bailout rejected by Congress and then approved by the Senate may not be the solution. It's up to foreign analysts and economists to tell it like it really is. What is in fact being saved - capitalism or a banking oligopoly?

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