(Note from Brian: A friend passed me this story, and I recommend reading. It is unbelievable what people do to others in pursuit of money).
How the nation’s biggest banks are ripping off American cities with the same predatory deals that brought down Greece.
If you want to know what life in the Third World is like, just ask Lisa Pack, an administrative assistant who works in the roads and transportation department in Jefferson County, Alabama. Pack got rudely introduced to life in post-crisis America last August, when word came down that she and 1,000 of her fellow public employees would have to take a little unpaid vacation for a while. The county, it turned out, was more than $5 billion in debt — meaning that courthouses, jails and sheriff’s precincts had to be closed so that Wall Street banks could be paid.
Wall Street’s Bailout Hustle
As public services in and around Birmingham were stripped to the bone, Pack struggled to,….. Full Story Here
By Matt Taibbi
Rolling Stone
March 31, 2010 8:15 AM ET
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