I’ve seen Greg Palast’s explosive expose of the real, foundational wreck-the-global-economy input of Larry “The Snake” Summers (and his “flunky,” Timothy Geithner) on a number of (alternative) sites now, a few yesterday, and many more this morning. When I first read it I was so stunned that I couldn’t repost without first digesting. Then reader Rose sent it again this morning. Here it is, from Vice, the original source.
“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. . .
“If the confidential memo is authentic, then Summers shouldn’t be serving on the Fed, he should be serving hard time in some dungeon reserved for the criminally insane of the finance world.
“The memo is authentic.”