Lords of Disorder: How the Big Banks Are Designed to Prey off Our Economic Misery

[Fire Walk With Me]

via Occupy Evansville ?@OccupyEville

http://www.alternet.org/economy/lords-disorder-how-big-banks-are-designed-prey-our-economic-misery

Lords of Disorder

Just yesterday, in a rare burst of candor, Dimon said this to investors on a quarterly earnings call: “This bank is anti-fragile, we actually benefit from downturns.”


Arbitraging Failure

Dimon’s comment was another way of saying that his bank, and everything it represents, is The Shock Doctrine made manifest. The nation’s megabanks are arbitraging their own failures, and the economic crises that flow from those failures.

These institutions are designed to prey off economic misery. They suppress genuine market forces in order to thrive, and they couldn’t do it without our ongoing help. The Treasury Department and the Federal Reserve are making it happen.

(More at the link.)