Michael Moore: Burning Down the House: A Crime Beyond Denunciation

[marmar]

October 21st, 2010 3:24 PM
Burning Down the House: A Crime Beyond Denunciation

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By Michael Moore


So how do the Wall Street boys feel after destroying the world economy while pocketing billions, and then getting bailed out by everyone else in America? I'm sure they're filled with remorse and desperately trying to make it up to us. Right?

"The first thing that needs to happen, I think, is to get these people out of their homes," a man wearing a bespoke blue-striped shirt, a Hermés tie patterned with elephants and Ferragamo loafers said recently. "Correct! I'll explain," the veteran member of a bank restructuring and advisory team said...

"The question to me is not do you foreclose or do you not foreclose. The question is when and with what philosophy you foreclose," the man on the bank restructuring team said. "If you want to reduce the amount of leveraged homeowners you have, you need to ultimately kick them out of their homes." A colleague walked up: His recommendation was to burn houses. "It would lower the supply."

That's from a new article about Wall Street in the New York Observer, the newspaper for Manhattan's richest people. It's the only paper I've ever seen that's printed on pink newsprint -- except for the Financial Times, the paper for the world's richest people. (I don't know whether rich people are naturally attracted to pink paper, or whether it's really expensive and only they can afford it. Whatever the reason, it's meant to say fuck you to everyone else.)

Anyway, here's what I'm wondering: Millions of people are getting kicked out of their homes who need a place to live, millions of homes are sitting empty and their value decaying along with their neighborhoods, and all this banker can say -- with a straight face, I presume -- is to burn down the houses? Isn't that insane? ..........(more)

The complete piece is at: http://www.michaelmoore.com/words/mike-friends-blog/burning-down-house-crime-beyond-denunciation

[Vinnie From Indy]

1. One imagines that Louis XVI had many in his court with the same mindset

This guy and his Ferragamo loafers are perfectly OK with millions of American families being thrown out of their homes if it makes him a few more dollars.

These ruthless banksters will probably get their way on this issue and then complain about all the homeless people shuffling about on their way to and from their exclusive country clubs. America's modern overlords.

[glitch]

2. Masters of the Universe == bailed out by taxpayers.

They're con artists and they have pulled off The Heist of Heists, from struggling families and pensioners, with the aid of corrupt politicians.

What a score. :sarcasm:

edit: I really hope Michael Moore doesn't pull any punches with his next film. It should be filled with exposure of individual perps and dripping with disdain and ridicule. Catherine Austin Fitts said yesterday on Flashpoints (kpfa.org radio show with Dennis Bernstein) that we should not forget the time honored socially useful tool of SHUNNING. Even the uber elite set is affected by it.