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Eskow: 'Wall Street Finds a 'Third Way' to Plunder Our Wealth'

Eskow: 'Wall Street Finds a 'Third Way' to Plunder Our Wealth'

This is an excerpt of "Wall Street Finds a 'Third Way' to Plunder Our Wealth," by Richard (RJ) Eskow. 

Gotta hand it to 'em: Those Wall Street guys are smart. They've already found two ways to plunder the nation's wealth for their own enrichment, and now they're working on a third.

The first way? Identify and finance a wave of Democratic politicians who would join with Republicans in deregulating Wall Street. The second? Employ the same so-called 'centrist' Democrats, along with their Republican cohorts, to bail them out after they crashed the economy. That bailout continues, and the assurance of protection from being prosecuted for their criminal misdeeds.

Now comes Wall Street's "third way" of hijacking the nation's wealth: it's trying to persuade Democratic supporters to support the dismantling of the social contract that has held our society together for 75 years. And it's using many of the same tactics -- and many of the same faces -- it used in its first two forays.

If you liked Wall Street deregulation, an inequitable bank bailout, and a get-out-of-jail-free card for bank executives, you're going to love this.

Read the rest

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