Tuesday, September 15, 2009

Dylan Ratigan Comes Clean

Former CNBC star Dylan Ratigan, now toiling at MSNBC, wrote an interesting piece for the Huffington Post. Since he no longer works directly under the oppressive thumb of Wall Street and their propangda machine, Dylan Ratigan spoke the truth about Wall Street. I urge everyone to read the article at the Huffington Post - www.huffingtonpost.com/dylan-ratigan/americans-have-been-taken_b_285225.html.

Mr. Ratigan says that Americans have been taken hostage to a broken financial system that remains in place to this day. And he adds "a system where bank lobbyists have been spending in record numbers to make sure it stays that way." I firmly believe that our government has been bought and paid for by the monied interests of Wall Street.

He says the system corrupts the most basic principles of competition and fair play upon which this country was built. Mr. Ratigan adds, "A system partially built by the very people who currently advise our President, run our Treasury department and are charged with its reform." In other words, do NOT expect any financial market reforms since the financial industry actually runs some portions of the government.

Mr. Ratigan also offers up somewhat of a mea cupla for his days at CNBC, the Wall Street propaganda channel.

I wish the public were as fired up about reforming our financial system as they are about health care reform. I am sad to see that the public is ignoring the entire fiasco that is our financial system. But the attitiude right now seems to be "Hey, stocks are going up again. I made some money back in my retirement plan. Things must be ok - let's just forget about what happened a year ago." This attitude WILL come back to bite the American public hard in their collective behinds sometime in the near future.

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