• The source of the current economic crisis: “A Chicago state of mind” 
Maidhc Ó'Cathail, Global Research Capitalism  | “Then Clinton-era ‘reform’ of investor protections, led by Treasury Secretary Bob Rubin, former co-chairman of Goldman Sachs, enabled the ‘financial supermarkets’ at the core of this collapse -- including Citigroup where he became a senior executive alongside CEO Sandy Weill,” [says Jeff Gates]. [....] “Rubin successor Larry Summers (now Barack Obama’s top economic adviser) fought for ‘reforms’ that de-regulated financial derivatives -- magnifying the impact of the crash as those arcane arrangements grew from $88 trillion a decade ago to a market that now represents transactions with a face value of $600 trillion,” Gates says. “Add to that toxic mix the easy credit policies of a central bank overseen by Alan Greenspan, a disciple of Ayn Rand, a Russian-Ashkenazi philosopher and market fundamentalist.”     Share on Facebook