Anton Goryunov writes from New York: Let’s be blunt for once and accept that money men, including all sort of speculators and dodgy looking brokers, have managed to get away with murder, having caused that gigantic financial crash in 2008 that is still dragging down the world economy. Very few of them have been taken to account and practically all of them have benefited from receiving vast amounts of taxpayers’ money, covering up their gambling schemes and illegal dealings with it.
Let me put it like this to you: if corrupt politicians had not rushed to bail out the banks we would have seen thousands of money men getting the sack, going to prison or jumping from tall buildings or under passing trains. It has now become crystal clear that the bailouts across the world were nothing more than vast cover-ups, with the people guilty of misusing trillions getting away with it.
And if we stick to this cynical approach, we might as well ask this: how did it happen that all politicians in all developed nations rushed to help out their friends in the banking sector, showering them with hundreds of billions of taxpayers’ money? Why weren’t there at least some ministers or parliamentary deputies who would ask tough questions and demand that bankers are investigated and prosecuted? It was ridiculous to hear officials at every level say that it was the system that had caused all the mess and – wait for it – it was the millions of homeowners and customers who took out loans to buy goods that caused the crash. That sort of arrogance and hypocrisy should have, under normal circumstances, been enough to sack all the officials in question.
And what about governors of central banks and the regulatory authorities, we may ask, still sticking to the cynical line of questioning? How could it have happened that these people were allowed to carry on after the crash, as if they had had nothing to do with it, and even now continue to take decisions on how best to sort out the mess and, more importantly, approve and condone vast amounts of money going to the banks under the dodgy scheme of quantitative easing? Don’t governments know that quantitative easing was invented as a way to cover up wide scale corruption in the banking sector? Who on earth believes that buying governments’ debt from the banks at inflated prices ever resulted in them passing the money on to the real economy? (Sir Mervyn King and Ben Bernanke should fry for this.)
Which brings us, neatly, to the way the media covered up the role of the banks in the financial crisis, skilfully avoiding going after the culprits and letting off steam by publishing an occasional article criticising bankers generally. Hacks, just like politicians and central bankers and regulators, stand accused of shielding the money men. In fact, I would even go as far as saying that they blew their cred during and after the crisis for good. It’s now only downhill for the mainstream media. Its days are coming to an end. Hacks can’t really accept that they cannot get into bed with the bankers and perform oral sex on them in the full view of the reading public and hope that everything will be forgotten. That’s it, guys and girls, you blew it! No turning back for you now.
The saddest thing of all is that just as sharks sense blood and go berserk, the bankers now know that they can get away with anything in the future. That is why we are witnessing a disgraceful ripping off of Europe, when bankers and speculators are making a fortune out of the debt crisis while insisting on more and more injections of taxpayer’s cash, supposedly to protect the markets and financial stability. This is a war against the majority of people waged by the money men. And no one seems to be ready to take them on.
Expect a hot war to break out at some point. Yes, that is how bad it is.