Frederick Douglass

"Power concedes nothing without a demand. It never did, and it never will. Find out just what people will submit to, and you have found out the exact amount of injustice and wrong which will be imposed upon them..." Frederick Douglass

Wednesday, February 22, 2012

Criminal Statecraft Alert: How to Kill the Volcker Rule: Just Add Fat

You didn't think the government, Wall Street's aide-de-camp, was going to actually regulate the financial markets did you? If so, put on the dunce cap, you deserve it.

The first clue is its name. Paul Volcker heads the Rothschild Family's investment arm (unless he's resigned in the last few years). His writing rules for investment banks is like letting the Godfather write the penal code. Volcker crafted this piece of legislation to placate an angry public knowing that it would never pass into law as written. Its implementation was never his intention or desire.

If you still don't get it, here's a tutorial--and don't take the cap off until it's over.