Looking for Ponzi’s Descendants 0
Amy Goodman thinks she has found his heirs:
Social Security is actually solvent, with a trust fund of more than $2.6 trillion. The real Ponzi scheme threatening the U.S. public is the voracious greed of Wall Street banks.
I interviewed one of the “Occupy Wall Street” protest organizers. David Graeber teaches at Goldsmiths, University of London, and has authored several books, most recently “Debt: The First 5,000 Years.” Graeber points out that, in the midst of the financial crash of 2008, enormous debts between banks were renegotiated. Yet only a fraction of troubled mortgages have gotten the same treatment.
