Wednesday, November 05, 2003

FOX GUARDING THE HEN HOUSE:

John Reed--who as former co-Chairman and senior management at Citigroup (the world's largest financial institution) did such great things as finance the apartheid regime in South Africa, launder money for the Russian Mafia and Mexican drug lords (incidentally with close ties to the Bush family), lend $billions to Latin American dictators and then spark the LDC debt crisis, and pioneer predatory mortgage and credit card lending--is now in charge of defending the hub of the international financial system from the avarice of Wall Street and corporate insiders who want to feast on regular people's retirement investments. I'm not making any value judgements here...it seems values play no role in this discussion.

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