13.05.2012 - 13:19 [ Land Destroyer Report ]

Make the Bankers Pay: Iceland, Ireland pushing back against neo-feudalism.

Across the dominion of the corporate-financiers on Wall Street and in the city of London, the reckless Ponzi schemes destroying the West‘s economy and plunging it into an economic depression have left politicians, the bought and paid for servants of corporate-financier hegemony, wringing the public dry to cover losses. In reality, when an enterprise fails because of criminality, incompetence or both, citizens are not demanded to pass the hat around to „bail them out.“ They are declared bankrupt, their assets (if they have any) are stripped, often if fraud is involved, executives and board members go to jail, and society attempts to fill the void with sounder enterprises run by more reputable people.