Bailouts and Manipulations

Bailouts and Manipulations: Save Wall Street, at the Expense of Main Street
by Larry Chin
The momentum from the latest fabrication and the latest fraud must not be broken. The worst is over, according to the new noise, and the constant "are we there yet?" yammering from CNBC. No, it's already time for The Recovery, despite the fact that the worst economic crisis since the Great Depression began mere months ago, and despite the fact that the "toxins" -- the magnificent bubble of derivatives, leverage, hedging and other interlocking Ponzi finance schemes that began the crisis to begin with -- are still out there, still unpopped.
The books are cooked and the numbers are faked anyway. Why not? Who's going to know?
So while the US auto industry is strong-armed into massive restructuring, and the common people of Main Street are told to get used to the suffering, Wall Street is not only given a free pass, but the additional gift of back-door swindles and a massive cover-up.