Jesse's Café Américain Mon 2009-10-26 09:52 EDT

The US Power Elite: An Alliance of Convenience or a Ménage à Trois?

Jesse

"I submit that our spendthrift government, the Federal Reserve System and the TBTF banks together now comprise the paramount political tendency in America today. This tripartite "Alliance of Convenience," let's not call it a conspiracy, fits beautifully into the corporatist mold that seems to be America in the 21st Century - but only viewed by the elites in cities like New York and Washington. Many Americans of all political descriptions oppose this corrupt and unaccountable political formulation." Chris Whalen, Institutional Risk Analytics

alliance; convenience; Jesse's Café Américain; Ménage à Trois; power elites.

Fri 2009-07-24 00:00 EDT

naked capitalism: Yet More Stress Test Doubts

Richard Kline: ``the entire core of the financial system has become an aggregated slime mold of formerly distinct Enrons, bloated 100 times larger''

naked capitalism; Stress Test Doubts.