Confidential Memo at the Heart of the Global Financial Crisis


At Reader Supported News, I read the article Confidential Memo at the Heart of the Global Financial Crisis by Greg Palast.

When a little birdie dropped the End Game memo through my window, its content was so explosive, so sick and plain evil, I just couldn’t believe it.

The Memo confirmed every conspiracy freak’s fantasy: that in the late 1990s, the top US Treasury officials secretly conspired with a small cabal of banker big-shots to rip apart financial regulation across the planet. When you see 26.3 percent unemployment in Spain, desperation and hunger in Greece, riots in Indonesia and Detroit in bankruptcy, go back to this End Game memo, the genesis of the blood and tears.

The Treasury official playing the bankers’ secret End Game was Larry Summers.

Don’t let the style of the article fool you.  Though Greg Palast doesn’t use the serious tone that we have come to expect from reporters, he is a very serious reporter and investigative journalist with the credentials to back him up.

What could President Obama be thinking when he puts forward Larry Summers for Chairman of the Federal Reserve Board? That is not a rhetorical question, and the answers that come to mind are truly frightening.

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