Tuesday, September 27, 2011

Class war profiteering: London trader rejoices at recession, 'dreams of another'

From Daily Kos here. This is so immoral. Here's the whole post:

It's rare to see the masks come off the predator and scavenger classes, but John Aravosis at Americablog has found a doozy of an example, in a clip of a London trader salivating at the thought of money to be made as people's economic lives crumble around them:
BBC: Can you pin down exactly what would keep investors happy, make them feel more confident?
TRADER: That's a tough one.  Personally, it doesn't matter. I'm a trader.  I don't care about that stuff... We don't really care how they're gonna fix the economy, how they're gonna fix the situation.  Our job is to make money from it.  And personally, I've been dreaming of this moment for three years.  I have a confession, which is, I go to bed every night, I dream of another recession, I dream of another moment like this.
BBC: Why?
TRADER: Because, people don't seem to maybe remember, the 30s Depression, the Depression in the 30s, wasn't just about a market crash.  There were some people who were prepared to make money from that crash.  And I think anybody can do that.  It isn't just for some people in the elite.  Anybody can make money, it's an opportunity.
BBC: If you could see the people around me, jaws have collectively dropped at what you just said.
Jaws may have been dropping in the BBC studios, but make no mistake, this is a not a rare sentiment. And it's telling that this trader trusts enough in the acceptance of the current climate of predation that he can safely express glee at economic destruction of millions of lives.

This is bare bones class war. And with no regulation of financial markets, with no investigation or accountability, it will continue until the bones of the working and middle classes are picked clean.

Welcome to the world of no-shame class war profiteering.

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