Automatic Earth
The system is going through a last round of tests. The players feel pretty secure that it’s leak-proof, but they want to be certain. Once the final tests are done, we’ll see a system emerge into the open that closely resembles the symbiosis of corporate rule and political power advocated by Mussolini: “Fascism should more properly be called corporatism because it is the merger of state and corporate power.” The system controls itself; there is no outside intervention possible after all the leaks are sealed. Hence we see a blank $800 billion check donated by Congress to the Treasury, which will be used to cover gambling losses of the corporations.
The Treasury, in turn, then hires one or more of the main corporations to help it decide how the loot shall be divided among the corporations. It won’t be for saving the share price of Fannie and Freddie. Thirdly, the financial corporations, united in the Counterparty Risk Management Policy Group, published a report named “The Road to Reform”, which examines how best to get rid of the $700+ trillion in derivatives that threatens the existence of the players. As Washington and Wall Street will soon have become a completely developed two-headed animal, these losses also will be transferred to the public vault. Taking hold of the last large chunk of public money, the pension funds, is the next step the two heads are planning. And as much as one may hope that Henry Waxman’s investigation of the White House as an active player in bringing down Fannie and Freddie will succeed, the chances are as infinitesimal as the amount of information that returns from a black hole.
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