Showing posts with label kleptocracy. Show all posts
Showing posts with label kleptocracy. Show all posts

Monday, January 3, 2011

Is Obama About To Hire A JPMorgan Exec To Be His Chief Of Staff?

Better days will come when all these inbred, interconnected S.O.B's are gone.

From Business Insider.


The latest rumor coming out of the White House is that President Barack Obama could replace Chief of Staff Pete Rouse (who just replaced Rahm Emmanuel in October) with William Daley, an executive with JPMorgan.
It's big news for one reason. President Obama is already getting flack for considering two Wall Street insiders, banker Roger Altman and Treasury adviser Gene Sperling, to replace Larry Summers, as the director of the National Economic Council.

Thursday, December 30, 2010

Keiser Report: Feedom & Plutocracy

From MaxKeiser.com

Learn A New Word: Kleptocracy

From Wikipedia.

Kleptocracy, alternatively cleptocracy or kleptarchy, from Greek: κλέπτης (thieve) and κράτος (rule), is a term applied to a government subject to control fraud that takes advantage of governmental corruption to extend the personal wealth and political power of government officials and the ruling class (collectively, kleptocrats), via the embezzlement of state funds at the expense of the wider population, sometimes without even the pretense of honest service. The term means "rule by thieves". Not an "official" form of government (such as democracy, republic, monarchy, theocracy) the term is a pejorative for governments perceived to have a particularly severe and systemic problem with the selfish misappropriation of public funds by those in power.