Artist Damien Hirst’s auction windfall: “Banks fall over, art triumphs.”
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This week started with an ominous bang. It was “Black Monday” for bankers, financiers and investors at all wealth levels as a big chunk of the U.S. banking system imploded. The week has been tough on the Republican presidential candidate and war-lovin’ (which means deeper debt-spendin’) Senator John McCain, too. The George W. Bush clone has found himself scrambling to criticize the mismanagement that led to the demise of Lehman Brothers and Merrill Lynch, blaming the latest, alarming developments on “unbridled corruption and greed,” even as – typically – he avoided reality and steered clear of recognizing that Republican policies since the Reagan era that have deregulated American corporations and let them get away with just about everything, including not paying their fair share of taxes, have been hugely responsible for the greedfest Wall Street’s money movers have long enjoyed. Until now.
admin @ September 22, 2008