Meet the New Crook, Same as the Old Crook


Larry Summers and the ‘End-Game’ Memo

A 1997 memo retrieved from the filing cabinet of investigative reporter Greg Palast shows the involvement of Lawrence Summers—Obama’s current favorite for chairman of the Federal Reserve—in a successful plan to help big bank CEOs “rip apart financial regulation across the planet.”

In the memo, future Treasury Secretary Timothy Geithner reminds “his boss to call the then most powerful CEOs on the planet and get them to order their lobbyist armies to march” to tear down financial safety regulations in all 156 nations party to the World Trade Organization.

1 Comment

  1. Just thinking on it a bit, the truly weird part is… from the viewpoint of a pure legalist, their seizure of power in this county is less legitimate than that of the NSDAP in Germany?

    The Nazis broke fewer laws in the process of their accession to power. They didn’t have to steal elections: they won them!

    And when in power, they ripped off other countries to sustain their peculiar vision of “Socialism for Aryans”, not their own! (Cf. Hitler’s Beneficiaries: Plunder, Racial War, and the Nazi Welfare State by Götz Aly.)


    PS: No doubt the Nazis did engage in election fraud, but just the same: installing the dictatorship was a legal process under the Weimar Constitution, not a violation of it.

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