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Monday, Sept 22, 2008
A reporter for the left leaning alternative news website The Huffington Post has been attacked by neo-con bloggers and phony right-wing patriots after pointing out that the current financial crisis is part of an intentional coup to transfer unprecedented power to the Executive Branch and place public funds in the hands of the global corporate elite.
Writer Larisa Alexandrovna, makes a number of salient points in an article entitled “Welcome to the final stages of the coup…“.
Referring to the Bush administration’s “Wall Street bailout bill“, Alexandrovna warns that a fascist coup is in it’s closing stages, describing the proposed legislation as “treachery being conducted in the light of day.”
She writes:
“Now, if you do not yet understand that the Wall Street crisis is a man-made disaster done through intentional deregulation and corruption, I have a bridge in Alaska to sell to you (or Sara Palin does anyway). This manufactured crisis is now to be remedied, if the fiscal fascists get their way, with the total transfer of Congressional powers (the few that still remain) to the Executive Branch and the total transfer of public funds into corporate (via government as intermediary) hands.
we already now have in writing, formally as presented to Congress, the intentions of this administration to nullify Congressional powers permanently, to alter Judicial powers permanently, and to openly steal public funds using as blackmail the total collapse of the US economy if these powers are not handed over. You do see how this is blackmail, do you not? You do see how this is a manufactured crisis precisely designed to be used as blackmail, do you not?”
Alexandrovna points out that the Treasury’s bailout proposal to Congress would provide the Treasury Secretary the power to buy up any assets he sees fit, hire anyone he wants to do it, appoint private companies as financial deputies and write whatever regulations he thinks are needed.
Furthermore, she points out that the bill states:
Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.
Alexandrovna is echoing the comments of historian John Steele Gordon who told reporters “It sounds like Paulson is asking to be a financial dictator, for a limited period of time.” She is also repeating a stark warning provided by Frank Razzano, a former assistant chief trial attorney at the Securities and Exchange Commission now at Pepper Hamilton LLP in Washington, who stated that the Bush administration is seeking “dictatorial power unreviewable by the third branch of government, the courts, to try to resolve the crisis.”
As we have also reported, the $700 billion bailout legislation would provide billions to foreign central banks in addition to private foreign banks.