Foreign Banks borrowed extensively from Fed during the meltdown; aid to Dexia and Depfa needed to avoid munipal fiscal armageddon, stemming partially from Dexia’s apparent criminal activity.
Food Services Giant Sodexo’s scams cost taxpayers, school children big bucks; Timothy Geithner ignored U.S. Treasury bonds naked short selling; Swiss Banks joining AIG in offshore machinations.
U.S. is beset by the same structural economic and political problems as Emerging Market countries; Will the “Top Banana Republic” pull through? Or will we bring the rest of the world down?
Mussolini’s corporate state rewarded members of the economic and political elite who brought him to power. Compare fascist Italy with George W. Bush’s America!
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