“End game” memo confirms US conspired with bankers to rip apart world’s financial regulation

From Greg Palast:

“The Memo confirmed every conspiracy freak’s fantasy:  that in the late 1990s, the top US Treasury officials secretly conspired with a small cabal of banker big-shots to rip apart financial regulation across the planet.  When you see 26.3% unemployment in Spain, desperation and hunger in Greece, riots in Indonesia and Detroit in bankruptcy, go back to this End Game memo, the genesis of the blood and tears.

The Treasury official playing the bankers’ secret End Game was Larry Summers.  Today, Summers is Barack Obama’s leading choice for Chairman of the US Federal Reserve, the world’s central bank.  If the confidential memo is authentic, then Summers shouldn’t be serving on the Fed, he should be serving hard time in some dungeon reserved for the criminally insane of the finance world.”

The memo, which Greg Palast says is authentic:

Larry Summers memo to rip apart financial regulation

Update: In case you missed it, in another confidential memo, Peter Mandelson, as EU Trade Commissioner, threatened Brazil with trade sanctions if it did not go along with the deregulation plans.  Fortunately for Brazil – the only country to come out of the financial crisis intact – it did not go along with the plans.

Greg Palast’s meeting with WTO chief, Pascal Lamy, the “Generalissimo of Globalization”:




Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s