A Tale of Two Presidents
Ann Pettifor New Economist, Author, "Debtonation - The Coming First World Debt Crisis" Posted: January 5, 2010 09:38 PM
A tale of two presidents. One is president of a country of about 300,000 people -- Iceland -- a country about the size of Virginia, President Olafur R. Grimsson. The second is president of a country of about 300,000,000 people, the United States. President Obama.
Both their presidencies have been scarred by the financial crisis. Both have had to balance the interests of their people against the interests of their bankers.
President Obama has allowed that balance to tilt in favor of the bankers.
President Grimsson yesterday took a stand against bankers and international creditors, including the British and Dutch governments. more