Credit: John Tenniel

by Greg Palast

They may be crying about General Motors’ bankruptcy today. But dumping 40,000 of the last 60,000 union jobs into a mass grave won’t spoil Jamie Dimon’s day.

But not this time. Stevie the Rat has a different plan for GM: grab the pension funds to pay off Morgan and Citi.

Here’s the scheme: Rattner is demanding the bankruptcy court simply wipe away the money GM owes workers for their retirement health insurance. Cash in the insurance fund would be replace by GM stock. The percentage may be 17% of GM’s stock – or 25%. Whatever, 17% or 25% is worth, well … just try paying for your dialysis with 50 shares of bankrupt auto stock.

Read . . .

12 Comments

  1. A close friend is currently writing a history book on Lincoln and the forces behind the civil war. Let’s just say that there is a tonne of evidence to show that these same SOB’s were working insidiously behind the scenes to screw this country then.

    I think our Founders must have really pissed-off the British elite, because this is not just about destruction of the USA, this is a personal vendetta. They’re after Huxley’s Brave New World, and they have no plans to stop until they get it.

    Having recently delved into Paulo Freire’s material, I see he understood this paradigm of “magical thinking” that the population seems to be in.. a dynamic that’s allowed the elites to push us into war in the Middle East, close-down our domestic military, enact draconian “anti-terrorism” laws, pass gut wrenching economic packages such at GATT, etc. To stop the trend we must migrate sufficient numbers away from “magical thought” to “critical consciousness”, a state where people can accurately perceive social, political and economic contradiction and take action against the oppressive elements of reality. Unfortunately, we’re battling against a comprehensive culture media complex that has scientifically engineered programs to retain this “magical thinking” paradigm indefinitely.

  2. When I came out of the Bush Administration in 1990, I thought it was an emergency. I worked night and day to come up with a plan, an alternative. Then, in 1998, when it was clear that the leadership had decided to destroy my efforts and rather to do this — wipe out America — and that most everyone was eagerly going along, I tried to warn my family, friends and anyone who would listen. Literally, most people could not fathom what I was saying.

    I remember one day when I woke up and realized that most people literally could not fathom the extent of what had been planned for us and so I needed to calm down. This was a long distance run.

    In 1999, a very smart investment manager came to have lunch with me. We compared numbers. He said, but if all of this is true, the only logical exit plan is significant depopulation in the US.

    I said yes, unless we integrate significant technology that has been kept in the labs and/or radically transform the culture.

    I remember reading about a young African=American who saw a highway bridge collapse one night in Connecticut. He ran out into the middle of the road and tried to stop cars. They kept driving and drove off the bridge to their death.

    I know how it feels.

    The more we look at things as they are, the more opportunity we have to gather real power.

    Which is why we love you Bert!

  3. This is getting pretty damn hard to watch, even for a cynical SOB like me 🙁

  4. Well…..they aren’t going totally bankrupted, they will still be making 4 automobiles. And the Citi Bank and JP Morgan can not by law take company employees 401K’s and use it to pay back the loans that GM owes the banks.
    Again, though its appears that our government is more concerned about bailing out the Citi Bank and JP Morgan than they are about keeping 21,000 jobs.
    I had to laugh, when President Obama said, “Well I gave them 60 days to refit their factories with energy efficient cars and the time is up!”…..how does he think that a huge factory could tool and die a new energy efficient car in 60 days!!!!!!!!!!!!!!!!!!!! Of course, they haven’t been working on it like they should have for the past 10 years! Like GM CEO said…the market was in the Hummers and the Cadillac Escalade, that was were the profit was for them and the thought the supply and demand too. Well, for the rich maybe but not for the middleclass….who of us who work in this country can afford a car that cost as much as house used to?????????????
    For the past 20 years I’d drive a subdivision where they were building half million dollar houses and I asked……..who are those people that will be able to afford one of those houses and where do they work?????????????????????????
    I knew there was a trip being played on the working class in this country for years…….I didn’t know that the government and the corporations had it all planned.
    Even the crashes are helping them ………their pocket books……but we are being screwed royaly!@

  5. Speaking of more rats,

    On May 28, 2009, Jeffrey Taylor, the U.S. Attorney for the District of Columbia, resigned to take up a position with the accounting firm Ernst & Young. A former counselor to two ethically-tainted Attorneys-General, John Ashcroft and Alberto Gonzales, Taylor has held the position of interim U.S. Attorney since 2006 because his nomination never moved out of the Senate Judiciary Committee. Although Taylor withdrew his nomination last September, he continued to serve as U.S. Attorney for the nation’s capital during the first four months of the Obama administration.

    To say that Taylor lorded over a U.S. Attorneys office that was driven by politics over integrity and ethics would be an understatement

    Taylor’s major role was to declare “case closed” for a number of high-profile investigations that the Bush-Cheney administration did not want to see pursued further. Taylor declared U.S. Army Medical Research Institute for Infectious Diseases (USAMRIID) scientist Dr. Bruce Ivins single handedly carried out the post-9/11 anthrax attacks that saw Congress traumatized into passing without debate the draconian Patriot Act. Although there was and continues to be a wealth of evidence pointing to other culprits in the anthrax attacks, Taylor, with a straight face, stated on August 6, 2008, “Based upon the totality of the evidence we had gathered against him, we are confident that Dr. Ivins was the only person responsible for these attacks.”

    Of course, Taylor took the opportunity to close the anthrax case because of a fortuitous occurrence for the Bush-Cheney administration: Ivins had allegedly committed “suicide” on July 29, a little over a week before Taylor’s announcement that Ivins was their guy all along. The reported cause of Ivins’ death was an overdose of Tylenol with codeine. Of course, no autopsy was performed. …

    Taylor will now be heading up something called the Fraud Investigation & Dispute Services (FIDS) area within the Americas Assurance practice at Ernst & Young…., i.e. CIA.

    http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=103&topic_id=452970

  6. like an abandoned building, or auto plant, rats seem to be ubiquitous!

  7. Some more Government Sachs rat fodder,

    The new Yankee Stadium is ready for Primetime, and a revamped menu will greet fans small and LARGE.

    Last we knew Centerplate struck out – not getting the renewal for the newly built Stadium, which crushed the stock of (at the time CVP-AMEX traded) Centerplate:

    But little did we know the new vendor would have ties to the shadowy organization known as Goldman Sachs (GS-NYSE):

    Besides traditional ballpark fare, yes, Cracker Jacks included, concession stands will serve sushi, hot-pressed Cuban sandwiches and garlic fries among other treats.

    Legends Hospitality, the company founded by CIC Partners, Goldman Sachs, the Yanks and the Dallas Cowboys, led a tour and sampling of the ballpark concessions Wednesday, April 15, 2009.

    For Legends it’s all about serving a wide range of ball park fare fresh and hot. The company has spent four months training its staff of about 3,000 in cooking and customer service, according to Senior Vice President Mike Phillips.

    Legends should have an opportunity to feast on fans’ appetite for its food. Centerplate, the Yankees’ former concessionaire, took home $70 million in 2007 from its deal with the Bombers. The new stadium features 444 point-of-sale stands, compared with 298 in the old ball park

    http://www.1440wallstreet.com/index.php/site/comments/goldman_infiltrates_yankee_stadium_food_concessionaire/

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