[Ed. Note: Part 2.]
by David Stockman
David Stockman’s Contra Corner
The mainstream narrative about “recovery” from the financial crisis is a giant con job. And nowhere does the mendacity run deeper than in the “banks are fixed” meme—an insidious cover story that has been concocted by the crony capitalist cabals that thrive at the intersection of Wall Street and Washington.
That’s not to say that the Wall Street cover story is hiding anything. In recent months even the mainstream media has published stunning evidence of malefactions and abuse at the great megabanks—especially Bank of America (BAC) and Citigroup (C).
Indeed, a recent Wall Street Journal expose about the depredations of Bank of America shows that the latter is in a class all by itself when it comes to bankster abuse and criminality.