Saturday, March 21, 2009

Class Struggle Heats Up, Bankers on the Ropes, Geithner Must Resign (Keith) by Keith

Today's Financial Times has the banner headline "Banker fury over tax 'witch-hunt." The article has quotes from dismayed bankers: 

"Introducing this 90 per cent tax is like taking the the fiannce industry out the back and shooting it." --London Bank Exedcutive 

"The tax measures will send the U.S. back to the stone age." 
-Frankfurt Banker 

"It is like a McCarthy witch-hunt"
Wall St. banker (who deosn't know much about history)

"The is the most profoundly anti-American thing I have ever seen."
-Wall St. Banker 

the quotes show Financial Capital is starting to swaet and they are taking a lot of punishment, we must make sure that Obama doesn't lose the will to take the fight to the end. Geithner must be our target, he is financial capital's the weak link. 

Tim Geithner, the Treasury Secretary and former Goldman Sachs exec, and sturdy ally of financial capital is under increasing pressure to resign. The Financial Times and the Financial Capitalist class for which they speak have been defending Geithner (last week the FT wrote an editorial defending Geithner and today McCain came out asking the country to give Geithner a chance).  

We should go all out against Geithner but we must combine the demand that he resign  with the demand that his successor not have a history in the finacial sector, -- someone like Eliot Spitzer (As Client #9 Spitzer is out but we need someone like him) or Paul Krugman. 


1 comment:

  1. Unrelated, but does anyone have any thoughts on David Harvey's recent article perchance?

    http://www.redpepper.org.uk/Their-crisis-our-challenge

    ReplyDelete