Michael Hudson: "Mr. Bernanke spreads the fire" - Counterpunch

[Excerpt]  ... But watching “60 Minutes,” my wife said to me, “That’s just what Mr. Obama said the other night. What do they do – have a meeting and agree on what metaphor to popularize?” They seem to have an image that will lock Americans into supporting a policy even though they don’t like it and many feel like letting the financial house (A.I.G., Citibank, and Bank of America/Countrywide) burn down. What’s false about this analogy? For starters, banking houses are not in the same neighborhood where most people live. ... Read more.