Skip to content
A Member of the Law Professor Blogs Network

The “Financial Coup” That Seized America – by Peter St Onge

In the wake of the 2008 Financial Crisis, former chief economist of the IMF Simon Johnson warned that the same dysfunctional policies he saw in his basketcase banana republics had taken hold in the United States.

Johnson warned that if America didn’t act fast, we would plunge into a “Quiet Coup” as the American financial system effectively captures the government, bailling itself out until we run out of money.

Well, we didn’t act fast. In fact, we got worse.

And here we are.

via www.profstonge.com

Exactamundo.