It’s strange that words are so inadequate. Yet, like the asthmatic struggling for breath, so the lover must struggle for words.
- TS Eliot (via wedontbelieveinfiller)
Today [six big banks] own 85 percent of deposits of all the commercial banks, 84 percent of assets of all the commercial banks, and control 96 percent of all of the derivatives that financial institutions that are backed by the government utilize today, and 45 percent of the world’s derivatives. Six banks control so much capital and have so much power as to the laws around that capital. And the administration—and this started in Reagan, through Bush, through Clinton, into Obama—this is not new—but the reaction of the administrations has been to allow this to happen, to allow the concentration of this capital, of this power, to do nothing in the face of the financial crisis of 2008, which… is still ongoing, just in a different manifestation, because this risk still exists and because these numbers are worse than they were before the crisis of 2008.
- The Secret History of How Banks Assumed Control of the U.S. Economy | AlterNet (via america-wakiewakie)