Federal Reserve Announces Biggest Bailout Ever of Bankrupt Financial InstitutionsBy Harley Schlanger
What effect will the biggest bailout ever have on you? More inflation, for starters. But more significantly, it is a desperate attempt to postpone a crash of the global financial system, strangled by unsustainable debt resulting from unregulated gambling by financial swindlers. As for the indictment handed down against Russian President Putin for protecting orphans living in a war zone, one must ask, as we mark the 20th anniversary of the launching by the U.S. and U.K. of the genocidal war against Iraq, "Why have Bush, Blair and their oligarch controllers not faced indictment for their war crimes?"