George from InflationUS goes out to real estate development zones that have been abandoned in Southern California.
“This is what the future will look like. Bombed-out suburbia converted to public housing with the government as the communist landlord for the rental serfs because the mega-wealthy don’t want it, they keep only the good assets for themselves.”
Former Treasury Secretary Hank Paulson wasn’t on Goldman Sachs’ payroll when the US government bailed out his former employer, but he may as well have been.
That’s the implication in a New York Times article, published Saturday, that shows President George W. Bush’s last treasury secretary, a former CEO of investment bank Goldman Sachs, had many conversations with the current CEO of Goldman during the week of Sept. 16, when the US government handed over $85 billion to rescue the troubled insurance giant AIG.
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