As Larry Summers Gently Sleeps: Will Obama Ever Turn Against Plutocracy?
…banks, using bailout money to hire throngs of lobbyists to write their own ticket. Take the Chrysler mess. This week’s hot business story, in case you missed it, is about bankers and hedge funds—again including some bailout beneficiaries—wanting to pull Chrysler over the brink into a bankruptcy that would be catastrophic for workers and communities across a huge swath of the country. Why were they demanding bankruptcy? Because their bonds would be…
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