Web Letters: Ending Plutocracy: A 12-Step Program

By Sarah Anderson & Sam Pizzigati

This article appeared in the June 30, 2008 edition of The Nation.

June 11, 2008

Write a Web letter about this article.

What's a Web Letter?

Web Letters are continuously published e-mails from real people, signed with their real names. No registration is required. Each article page on The Nation includes a Web Letters link.

Read the best Web Letters on this page.

We're committed to publishing your comments as they are received. We place a red star () on the best submissions and may edit your e-mail for length or content. Your e-mail address will not be published or shared with any third party without your consent.

If you prefer, you may submit a letter to the print edition only.

We look forward to hearing from you.

  • Excellent. However, the 12-step program is missing one element: send the fraudsters to jail!

    Who are these people, the fraudsters, and what did they do?

    Fraudsters (a k a Banksters) enjoy taking in subprime junk mortgages and turning them into AAA rated securities--i.e., turning crap into gold. That sells (sold) like crazy. Crap-to-gold is a much easier buck for banks to make, more so than simply extending credit. It's also led to the worldwide economic meltdown.

    In short, the banks, AIG, hedge funds, etc. are quick-buck fraudsters.

    Howard Kaplan

    Belmont, MA

    04/07/2009 @ 12:03pm


Advertisement
Advertisement

Blogs

» The Beat

House Passes Health Reform, But Without Reproductive Rights | Pelosi secures necessary votes, but only after allowing anti-choice Dems to bar access to abortion in new programs.
John Nichols
187 Comments

» Editor's Cut

Around The Nation | Obama, one year on. Plus: Jeremy Scahill takes your questions, and a new video series from The Nation.
Katrina vanden Heuvel
38 Comments

» The Notion

Injustice in Illinois | Prosecutors in Illinois should be more concerned with an innocent man behind bars than journalism students' grades.
Ari Berman
31 Comments

» The Dreyfuss Report

Obama Fails in Middle East | Clinton delivers the ultimate diss to Abbas.
Robert Dreyfuss
170 Comments

» Act Now!

Equality Across America | This week, young LBGT activists are staging a National Week of Initiative.
Peter Rothberg
16 Comments

» Altercation

Slacker Thursday | Dying laptops, recapping the election, the Dow, and the Yankees with the World Series.
Eric Alterman