“Power concedes nothing without a demand.”
— Fredrick Douglas
May 08, 2010 — Talk by Ralph Nader, founder of Public Citizen and author of “Only the Super-Rich Can Save Us!” given May 7, 2010 at Town Hall Seattle.
Ralph Nader: Only the Super-Rich Can Save Us!
Ralph Nader: We have a Corporate Government!
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i own and read this book . it is great. it is a real possibility . a ”practical utopia ” as Nader calls it . the thing is is that IT REALLY COULD HAPPEN , AND BREAK THE BACK OF THE 2 PARTY SYSTEM . it is also a very funny book .
Les Leopold ~
Let’s Hold Benedict Arnold Billionaire Warren Buffett Accountable …
The very same synthetic collateralized debt obligations that Buffett once called “financial weapons of mass destruction.” Mr. Buffett, Berkshire Hathaway and its delirious stockholders are now the proud owners of said weapons.
So what does Mr. Buffett do? The plain speaking dude from the Great Plains takes a stand–in defense of Goldman Sachs and its CEO Lloyd Blankfein. Then he steps smack into the financial cow pie by endorsing the Abacus financial weapons of mass destruction.
“I don’t have a problem with the Abacus transaction at all, and I think I understand it better than most.”
You betcha. Those darn critters are really kind of cute–when they’re paying off big time for Berkshire Hathaway.
Buffett didn’t stop there. He’s lobbying hard on Capitol Hill to protect his own special derivatives, which he developed just before the crash. The financial reform Congress is considering would require companies like Berkshire to set aside large sums to cover potential losses on their risky investments. But if Buffett gets his way, the legislation will include a provision to “largely exempt existing derivatives contracts from the proposed rules,” reports the Wall Street Journal. “The change thus would aid Berkshire, which has a $63 billion derivatives portfolio, according to Barclays Capital.”
Well Warren Buffet just voted … for the plutocracy defending the crimes of Goldman Sachs … Buffet actually went over to the dark side when he bought his insurance company and Moody’s several years ago …
I love Nader’s analysis but asking the plutocracy to become more democratic was really a bridge too far … a desperate cry … It is time for Nader, Swanson, Hedges and all of the left to get political as in The Green Party …
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The $64,000 question being…are they even interested in saving us? I guess so, otherwise they’ll have to do all the dirty work themselves. Sharpen the guillotines, I say.