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Drug Companies and Psychiatrists
Partners in Crime

Eugenia Tsao reports on the upcoming revision of one of the most important books in America, the Diagnostic and Statistical Manual of Mental Disorders. Here’s where the drug lords, the shrinks and the insurance companies collude in establishing hundreds of bogus psychic conditions requiring the psychotropic drugs from which they reap billions every year. There are about 250,000 migrant laborers in Israel, mostly from the Philippines and Thailand. Meanwhile tens of thousands of Palestinians can’t find work.  From Tel Aviv,  Yonatan Preminger reports on Israel’s vicious employment strategy.   Also in this latest newsletter Andrew Cockburn updates his CounterPunch world exclusive on how the U.S. has secretly helped build Pakistan’s nuclear arsenal. Get your new edition today by subscribing online or calling 1-800-840-3683 Contributions to CounterPunch are tax-deductible. Click here to make a donation. If you find our site useful please: Subscribe Now! CounterPunch books and t-shirts make great presents.

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Today's Stories

July 3-5, 2009

Eamonn Fingleton
Detroit's Collapse: the Untold Story

July 2, 2009

Andrew Cockburn
The Wall Street White House

Nikolas Kozloff
Spinning the Honduran Coup

Wendell Potter
Obama's False Friends of Health Care Reform

Ellen Hodgson Brown
California's Empty Wallet

Christian Christensen Iran: Networked Dissent?

Patrick Irelan
Lost in Patagonia

Binoy Kampmark Returning Iraq

Nicola Nasser
Ethnic Cleansing as State Policy

Brian Tokar
Climate Bill: Cap(italize) and Trade(Off)

Dan Bacher
Panama Canal North?

Website of the Day
Scheuer on Immigration: "The only chance we have as a country right now is for Osama bin Laden to deploy and detonate a major weapon in the United States."

July 1, 2009

Vijay Prashad
Iran and Us

Alberto Vallente Thorensen
Why Zelaya's Actions Were Legal

Paul Craig Roberts
Pirates of the Mediterranean

Robert Weissman
150 Years

Manuel García, Jr.
The New Crisis in Aviation

Victor Figueroa-Clark / Pablo Navarrete
Honduras, a Coup With No Future

Norman Solomon
The NYT and Troop Deaths: Abstract Quality Journalism

Franklin Lamb
Remembering Amnon Kapeliouk

Martha Rosenberg
When Doctors Boo

Diane Rejman
Mothers and Military Lies

Website of the Day
The Color of the Race Problem is White

June 30, 2009

Michael Hudson
Debt Deflation Arrives

Esam Al-Amin
Iran and Washington's Hidden Hand

Benjamin Dangl
Showdown in Honduras

Jonathan Cook
Israeli Doctors Collude in Torture

Franklin Lamb
Hezbollah After the Elections

George Wuerthner
Beetle Hysteria ... Again: the Truth About Bugs, Fires and Ecosystems

Todd Gordon
Acceptable Versus Unacceptable Repression

Ron Jacobs
Mark Sanford, Sexual Liberation and LGBT Equality

Kenneth Libby
Conditions for Citizenship

Julian Vigo
Feeling Michael Jackson

Website of the Day
Inside the Mega-Churches

 

June 29, 2009

Ishmael Reed
The Persecution of Michael Jackson

Nikolas Kozloff
The Coup in Honduras: Obama's Real Message to Latin America?

Clifton Ross
Coups and Constitutions: From Bolivia to Honduras

Patrick Cockburn
Why Iraq is Now the Most Corrupt Country on the Planet

Uri Avnery
Between Tel Aviv and Tehran

Conn Hallinan
Dealing With North Korea: Why Threats and Sanctions Will Backfire

James G. Abourezk
Where the Money Isn't Going

Ralph Nader
The Holes in Obama's Financial Regulation Plan

Carol Miller
Why Fiscal Conservatives Should Love Medicare-for-All

Greg Moses
Jobs First

Website of the Day
Key Leaders of Honduran Coup Trained in the US

June 26-28, 2009

Alexander Cockburn
The Hate Crimes Bill: How Not to Remember Matthew Shepard

Jeffrey St. Clair
Meet the Retreads: Obama's Used Green Team

Doug Peacock
Elk River: History and the Yellowstone

Daniel Wolff
The Night Before: a Glimpse of the Lenape

Mike Whitney
What the Big Banks Have Won

John Ross
The New York Times and Stolen Elections

David Rosen
Cry, Hypocrite, Cry: the Tradition of Sex Scandals and American Politicians

Emily Ratner
Thoughts on Manhood From the Rafah Tunnel

Gareth Porter
Airstrike Report Belies "Blame Taliban" Line

Farid Marjai
Green, But Not Velvet

Nadia Hijab
The Rift in Iran: Memo to the "Do Something" Brigade

Paul Craig Roberts
Gun Control: What's the Agenda?

Fred Gardner
FDR's Real Defining Moment: Ending Prohibition

Carl Ginsburg
Obama's Father's Day

Paul Watson
Fear and Loathing in Madeira

David Ker Thomson
Nothing

Farzana Versey
The Man in the Mirror: Michael Jackson as Tramp

Geoff Berne
Obama and Charter Schools: The Showdown at Schottenstein

Todd Alan Price
Ohio: Birthplace of Charter Education ... and Opposition to It

Ramzy Baroud
People for Sale in a Hungry World

Jeff Sher
Health Care Showdown

Dr. Carol Paris Despite My Arrest by Max Baucus, I Will Continue to Advocate for Quality Health Care for All

Walter Brasch Adultery as Family Value?

Glen Johnson
The Village and the Wall

Charlotte Laws
Hold the MSG!

Charles R. Larson
Dickens in Morocco, Sort Of

Kim Nicolini
The Erasure of Art

David Yearsley
Yankee Prof Takes on Dallas

Lorenzo Wolff
When the Songs Remain the Same

Poets' Basement
Larson, Davies, McLellan and Gardner

Website of the Weekend
Kayakers vs. Shell Oil

June 25, 2009

Kathy Kelly
Now We See You, Now We Don't

Jack Bratich
You Provide the Tweets, We'll Provide the Info War: the Media and the Iranian Protests

Wendell Potter
The Health Insurance Industry v. Health Care Reform: a Former Insurance Industry Insider Tells All

Charles R. Larson
Don't Cry for Him, Argentina! GOP Sex Scandal of the Week

Alan Farago
The Tears of Mark Sanford

Jonathan Cook
Israeli Firms Accused of Profiting Off Holocaust

Gareth Porter
Khobar Bombings: Telltale Signs of Saudi Fraud

Bitta Mostofi /
Bill Quigley

"You Will Not Get Past Us"

David Macaray
Six Ways to Reinvigorate Labor

Mark Schuller
Haiti's Elections: "Beat the Dog Too Hard"

Website of the Day
Worst Slide Story

June 24, 2009

Andrew Cockburn
How the U.S. Has Secretly Backed Pakistan's Nuclear Program From Day One

Dean Baker
Making Financial Regulation Work

Andy Worthington
The Story of Abdul Rahim al-Ginco

James Bovard
Obama and the Torturers

Diana Gibson /
Ray McGovern
Torture Eats the Soul

P. Sainath
The Age of the Everyday Billionaire

Gareth Porter
Investigating the Khobar Tower Bombing: Why Was Al Qaeda Excluded From the Suspects List?

Robert Alvarez
The Department of Energy's Nuclear Albatross

Dave Lindorff
Medicare for All

Steven Colatrella Remembering Giovanni Arrighi

Website of the Day
Protest as Terrorism

 

June 23, 2009

David Price
Obama's Classroom Spies

Patrick Cockburn
Iraq Reels Toward a New Era

James Ridgeway /
Jean Casella
Bi-Partisan Bull on Health Care: Three Ex-Senators Get It Up for the Health Care Industry

Dave Lindorff
Using the Economic Crisis to Attack Workers

Carmelo Ruiz-Marrero
Puerto Rico: Biotech Island

Gary Leupp
Dennis Ross Moves to the White House

Brian M. Downing
The Erosion of the Mullahs' Monolith

Robert Bryce
Are Theocracies Doomed?

Nicholas Dearden
The G8 is Dead

Yousef Munayyer
Seeing Through Israeli Delay Tactics

Website of the Day
The Great White Father of America

June 22, 2009

Michael Hudson
Obama's (Latest) Surrender to Wall Street

Esam Al-Amin
What Actually Happened in the Iranian Presidential Election? A Hard Look at the Numbers

Chris Floyd
Dexter's Legions in Afghanistan

Jack Z. Bratich
The Fog Machine: Iran, Social Networks and Genetically Modified Grassroots Organizations

Atash Yaghmaian
We Children of the Revolution

Laura Carlsen
Victory in the Amazon

Paul Craig Roberts
The U.S. Regime-Change Recipe for Iran

Vijay Prashad
Gun v. Butter: Now You are Only Poor

Fred Gardner
Charles Lynch Gets a Year and a Day (No Thanks to Eric Holder)

Andy Thayer
The Blank Check: How We Got the Obama-DOMA Debacle

David Macaray
Unions and the Newspaper Crisis

Website of the Day
The Most Spied Upon Town in America?

 

June 19 - 21, 2009

Alexander Cockburn
I Become an American

Jeffrey St. Clair
Firebrand: Rod Coronado's Flame War

Patrick Cockburn
Who Will Control Iraq's Oil?

Al Giordano
What the Left Should be Learning From Iran

Henry A. Giroux
The Iranian Uprisings and the Challenge of the New Media

Anthony DiMaggio
The Electoral Façade

Paul Craig Roberts
Are the Iranian Protests Another US Orchestrated "Color Revolution?"

John Ross
46 Dead Mexican Toddlers: Sacrificed on the Altar of Neoliberalism

Gareth Porter
Spinning Civilian Deaths in Afghanistan

Carl Ginsburg
Obama's Bix Fix: Placating the Bankers, Again

Tommi Avicolli Mecca
40 Years After Stonewall: From Smash the Church to Going to the Chapel

Joe Bageant
Workers' Rights: No Balls, No Gains

Serge Halimi
Protectionism: We've Been Here Before

P. Sainath
Price of Rice, Price of Power in India

Jim Goodman
The Claim Deniers: Why the Health Insurance Industry Doesn't Deserve Our Trust

Dave Lindorff
Obama's Health Care Waterloo

Rannie Amiri
Bush Jumps Over Maine, Carter Lands in Gaza

Robert Fantina
Iran, Obama and McCain

Harvey Wasserman
Big Nuke's Radioactive Hoax in Impoverished Ohio

Walter Brasch
They Got Away With Murder: 12 Angry White People

David Ker Thomson
This Moment's Bill of Rights

Charles R. Larson
No Voice: Telling Her Mother's Story

David Yearsley
Escape From the Torture Chamber

Kim Nicolini
When the Closet is the Culprit

Ben Sonnenberg
Rossellini and the Art of Ambiguity

Poets' Basement
Beatty and Kowitt

Website of the Weekend
Grown in Yellowstone, Slaughtered in Montana

June 18, 2009

Uri Avnery
The Case of Netanyahu and the Curious Incident

Robert Sandels /
Nelson P. Valdes

U.S. Cuba Policy: a Case of Post-Diplomatic Strees Disorder

Anthony DiMaggio
The Iranian Elections and the Faith-Based Media

Robert Weissman
Obama's Financial Sector Reform Plan: the Good, the Bad and the Ugly

Joshua Frank
These Are Obama's Wars Now

Jonathan Cook
Canadian Ambassador Honored in Illegal Park Built on Razed Palestinian Homes

Reza Fiyouzat
Iranians in the Streets

Norman Solomon
Obama and the Antiwar Democrats

Ali Jawad
Reformists are Islamists, Too

James Ridgeway
Am I on Crack When It Comes to Flight 447?

Website of the Day
The Death of the Ghost Prisoner

June 17, 2009

Carl Boggs
Torture: an American Legacy

Dr. Bryant Welch
Torture, Psychology and Sen. Daniel Inouye: the True Story Behind Psychology's Role in Torture?

Winslow T. Wheeler
How Obama Will Outspend Reagan on Defense

Liaquat Ali Khan
Obama's Gift to Pakistan: a Civil War

Jonathan Cook
Beating and Torturing Children

Binoy Kampmark
Gordon Brown's War Inquiry

Karim Makdisi
The Lebanese Elections: a Box Office Success?

Dave Lindorff
Criminalizing Dissent: Obama Pot Calls Iranian Kettle Black

David Swanson
In Congress: 32 Heroes, 21 Frauds

Gene Marx
How Fox News is Helping to Nationalize the GI Sanctuary Movement

Website of the Day
The Diamond Mine That Ate Mirny

June 16, 2009

Patrick Cockburn
Iraq's Looming Peril: a Plague of Snakes

John Ross
Undermining Mexico

Afshin Rattansi
Guarding the Revolution

Marc Levy
How I Nearly Won the War

Paul Craig Roberts
Are You Ready for War with a Demonized Iran?

Behzad Yaghmaian
Iranian Youth Make History

Brian M. Downing
Democracy in Iran

Merle Lefkoff
Israel's Angels in America

David Macaray
Charles Manson and Me

Robert Jensen
Finding a Stubborn Hope to Live in a Dead Culture

David Swanson
An Exit Strategy That Keeps Wars Going

Website of the Day
Rachel Corrie Soccer Tournament Fundraiser

June 15, 2009

Michael Hudson
The Ending of America's Financial-Military Empire

Reza Fiyouzat
The Iranian Elections: Sure They Stole It...Up Front and Honestly

Patrick Cockburn
A Whole New Ballgame in Iraq

James Ridgeway
Did Composite Parts Bring Down Air France Flight 447?

Marjorie Cohn
Agent Orange Continues to Poison Vietnam

Rannie Amiri
Iran and the End of the "Obama Effect" Myth

Dave Lindorff
How Obama is Blowing the Chance for Real Health Care Reform

Ron Jacobs
The Iranian Elections and the Hysterical Media

Leonard Schwartz
The Angel of History and the Ghetto of Gaza

Martha Rosenberg
Start Your Engines, Drug Reps!

Website of the Day
Single-Payer v. Public Option

June 12-14, 2009

Alexander Cockburn
Who Needs Yesterday's Papers?

Gareth Porter
The CIA's Drone Wars

Mike Whitney
Bernanke's Next Parlor Trick

Mark Ames
Elmer Fudd Nation

Esam Al-Amin
What Really Happened in the Lebanese Elections?

Franklin Lamb
Carter in Lebanon

Patrick Cockburn
Prisoner Swap in Iraq

Andy Worthington
The Long Ordeal of Mohammed El-Gharani

Heather Gray
A New Perspective on the Confederacy: Southern Greed During the Civil War

Felice Pace
Why NPR Refuses to Report on the Single Payer Movement

Ron Jacobs
Flashback to the End of a War That Really Did End

George Wuerthner
Burning Questions: Why the National Fire Plan is a Trojan Horse for Logging

Jeffrey Buchanan /
Trinh Le
Biloxi Trailer Blues

David Ker Thomson
Americana

Renaud Lambert
Brazil: More Dependent Than Ever

Kevin Zeese
Congress and the Health Business Lobby

David Macaray
SAG Vote: A Lesson in Solidarity ... Not

Evelyn Pringle
FDA Throws Lifeline to Antipsychotic Pushers

Chris Genovali
Blood Sport Auction: Why eBay Should Stop Selling Guided Hunts for Bears, Wolves and Cougar

David Michael Green
The Rhetorical President

Brian J. Foley
Our Solar System is Not a Suicide Pact!

Charles R. Larson
No Safe Return

Kim Nicolini
Foreclosure is Hell: Sam Raimi's Frightfest

David Yearsley
Bach on Torture: Mr. Cheney, They're Playing Your Song

Lorenzo Wolff
Intent to Discord

Poets' Basement
Chris Jordan

Website of the Weekend
The Red Room

 

June 11, 2009

Kathy Kelly /
Dan Pearson
Down and Out in Shah Mansoor: With the Swat Refugees

James Bovard
The Latest Torture Cover-Up Scam

Tristan de Bourbon
The Toy Makers of Chenghai: the Financial Crisis Seen From China

Dave Lindorff
The Wheels are Coming Off the Recovery Program

Kevin Zeese
The Case for Disbarment of the Torture Lawyers

Ralph Nader
The Craft of Sam Maloof: a Visionary Woodworker

Harvey Wasserman
The GOP's Trillion Dollar Reactor Plan Goes Radioactive

Nicole Colson
The Anti-Abortion Movement's Climate of Violence

Mark Weisbrot
Showdown Over the IMF

Dan Bacher
Big Water's Big Lie Unravels

Website of the Day
Top 10 Most Absurd TIME Covers

June 10, 2009

Ismael Hossein-Zadeh
Obama's Doublespeak on Iran

Jennifer Van Bergen / Douglas Valentine
The Dangerous World of Indefinite Detentions: From Vietnam to Abu Ghraib

Kathy Kelly
Visitors and Hosts in Pakistan

Paul Craig Roberts
Fear Rules

Rev. William E. Alberts
First the Torture of Truth ...

Peter Lee
Obama and North Korea: a Warm-Up in the Offing?

Carol Miller
Why We Need a Holistic, Cradle-to-the-Grave National Health Care System

Emily Ratner
Dreams of Flight in Gaza

Robert Weissman
The IMF's Accountability Moment

Dave Lindorff
The Sutra of the Crushed Volvo

Website of the Day
Starving in Gitmo

June 9, 2009

Winslow T. Wheeler
Back From the Dead: Pentagon Pork!

Mike Whitney
Is Hyper-Inflation Around the Corner?

Stan Cox
Biofuel's Drug Problem

Sibel Edmonds
The Battle Against the State Secrets Privilege

Jonathan Cook
Where the Victim is the Guilty Party

David Macaray
A Bad Time for Unions

Robert Jensen
In South Africa, Apartheid is Dead, But White Supremacy Lingers On

Nadia Hijab
The Obama Difference

Mark Weisbrot
Vulture Funds Descend on Argentina

Website of the Day
Waging Non-Violence

June 8, 2009

John Ross
Mexico: Politics as Drugs / Drugs as Politics

Paul Wright
Deconstructing Gus: How a Former Prisoner Took On and Took Down Corrections Corporation of America's Top Lawyer (and Cheney Pal)

Paul Craig Roberts
Long-Term Economic Memory Loss

Franklin C. Spinney
"Natural Growth:" Israel's Demographic Hogwash

Franklin Lamb
Lebanon's Elections: Return to the Status Quo

Uri Avnery
The Tone and the Music

Jonathan Cook
Israeli Loyalty Oaths

Eric Toussaint
/ Damien Millet

The Partisans of Capitalism Have Lost All Credibility

Jim Goodman
The Dairy Oligarchy

Norman Solomon
Words and War

Reza Fiyouzat
When Accusations Fly: the Spectacle of the Iranian Elections

Website of the Day
Latino Jobless Rate Soars

June 5 -7, 200

Alexander Cockburn
High Words, Low Truths

George Galloway
Our Convoy to Gaza

Paul Craig Roberts
Obama in Cairo

Jennifer Loewenstein
How Much Really Separates Obama and Netanyahu?

Franklin Lamb
Watching Obama's Speech in Lebanon

Mike Whitney
The Biggest Rip Off Ever?

Andy Worthington
Death at Guantánamo

Missy Comley Beattie
Peace Be Upon You?

Farzana Versey
Walk Like an Egyptian: the Oprahfication of Obama

Stanley Heller
Obama's Non-Starter

John V. Whitbeck
Nothing Comes From Nothing

Robert Weissman
GM: the Path Not Taken

Lee Sustar
The Fall of GM: Why Workers Will Pay the Price

Dave Lindorff
What a State-Run GM Could Do

William Blum
The Great, International, Truly Demonic Iran Threat

Ernest Callenbach /
Harvey Wasserman

A Green-Powered Trip Through Ecotopia

Greg Moses
By George! Austin Leads the National Recovery

Ron Jacobs
The Meaning of Yasser Arafat

David Yearsley
Art Set in Concrete:
the Desolate Urban Landscape of High Culture

Tim Stelloh
Pot Home Invasions: Bud and Blow Torches

Belén Fernández
The Joksters: Obama and Thomas Friedman

David Ker Thomson
The Academics

Karyn Strickler
Clean Coal: a Dirty Joke

Christopher Brauchli
Judicial Amnesia and the Federalist Society

Charles R. Larson
Leaving Tangier: Exile and Exploitation

Kim Nicolini
"Hunger:" Art With a Punch

Lorenzo Wolff
Good Head (Or Why the End of Hand-Crafted Music Isn't (Necessarily) the End of Music)

Poets' Basement
Jenkins, Orloski and Willson

Website of the Weekend
Tankman

 

 

 

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Weekend Edition
July 3-5, 2009

Don't Ask for Whom the Bell Tolls ...

The Parable of Michael Jackson's Debts

By PAM MARTENS

With the sad passing of Michael Jackson, the King of Pop, at age 50 on June 25, another fiction of America’s mega wealth was laid to rest: even those living in gated mansions in LA are dying a little each day from debt stress.

From the U.S. Government to the Queen of England to the state house of California, to the millions of homes on both sides of the Atlantic with foreclosure notices nailed to the front door, a good chunk of the globe shares Michael Jackson’s lifestyle:  too much spending, too little income, too much stress from worrying about it.

Three days after Michael Jackson died with over $400 million in debts in a California mansion rented for $100,000 per month, British papers announced that Queen Elizabeth II will likely run out of funds by 2012 if she isn’t given an increase to run her three palaces.  The royal family’s expenses for the past year include the following items: $10.76 million for travel; $661,302 for a remake of the royal family’s website; $496,000 for cleaning the royal homes; $827,209 for food; and over $600,000 for garden parties.

If none of us had ever heard or seen how royal families lived, if there were no such thing as royal families, might we all be more content to live in homes and lifestyles we could actually pay for out of current earnings. 

We’re engaged in a hopeless competition.  Royals are funded with the public purse. The King of Pop (and much of the rest of society) was funded with subprime loans at 20 per cent interest.

The ABCs of love may be as simple as 1-2-3, but the ABCs of fiscal prudence appear to have never been whispered in the ear of the colossally cash poor by any responsible financial advisor: A: “Under spend your annual income by at least 10 percent, and put that away for a rainy day.”  B: “Let your profits run, cut your losses short.”  C: “Never put more money in an investment unless it’s shown you a profit.” Also known as, “Don’t average down.”

Michael Jackson held on to the 2500-acre cash draining palatial estate called the Neverland Ranch in Santa Barbara County, California long after it became clear it was both a cash guzzler he could not afford as well as a perpetual drain on his efforts at image resuscitation as an ever present reminder of allegations of child molestation. 

According to public documents and media reports, Mr. Jackson owed over $300 million to Barclays Bank PLC collateralized by his 50 percent interest in Sony/ATV Music Publishing, which owns the Beatles catalogue along with thousands of other music royalty rights.  He also owed $73 million (according to the Wall Street Journal) borrowed from an undisclosed source collateralized by his company, Mijac Music, which owns his own compositions.  He owed an unknown amount to Colony Capital, a private equity firm that bought Mr. Jackson’s $24.5 million loan against his Neverland Ranch from Fortress Investment Group.  Neverland is now controlled by a joint venture between Colony Capital and Mr. Jackson called Sycamore Valley Ranch Co., LLC.  Mr. Jackson was believed to own just a small interest in the venture.

At one point, Mr. Jackson was believed to be paying 20 per cent debt interest on approximately $270 million in loans or roughly $54 million per year, according to the New York Times.  His income was far below that amount, thus leading him further and further into debt to pay the debt service. 

Mr. Jackson’s loans were eventually restructured at a lower interest rate with a guarantee of repayment from Sony.  (Sony, in exchange, won concessions for more autonomy in running Sony/ATV Music Publishing and the guarantee that it would be able to buy a controlling interest in the joint venture at some point in the future.)  Even if Mr. Jackson had received the low loan rate of 6 per cent  on the restructured, guaranteed $300 million loan, as was rumored, that would have resulted in $18 million a year in loan payments and that still left additional loan payments on the other $73 million.  Mr. Jackson’s total annual income from royalties was believed to be in the range of $19 million and that included $11 million per year from Sony/ATV.  The $11 million annually from Sony was only guaranteed through September 2011, according to documents obtained by the Associated Press.

In other words, without some miracle comeback, Mr. Jackson was swiftly heading toward certain bankruptcy, following the path his parents took in 1999. 

I attended a funeral service a few years back where the elderly and wise decedent had left a little written message for her grandchildren: “Think carefully about your choices; your life becomes the decisions you make.”  Looking at the photograph of the happy, bubbly face of the 11-year old Michael Jackson and the gaunt, stressed out face of the 50-year old Michael Jackson, I am haunted by the tragedy of the decisions Mr. Jackson made for his life.  I am also haunted by what the faces of our grandchildren will look like when they’re 50 if we continue allowing our government to spend wildly beyond our means, including hundreds of billions to prop up zombie banks.

Michael Jackson’s fortunes got an earnings bump from his death.  The same fate does not await our national Treasury.

Pam Martens worked on Wall Street for 21 years; she has no security position, long or short, in any company mentioned in this article.  She writes on public interest issues from New Hampshire.  She can be reached at pamk741@aol.com

 

 

 

 

 

 

 

 

 

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