Merkel, Sarkozy demand end to bankster “blackmail”
• Seeking Alpha“No bank must grow to a size that puts it in a position in which it can blackmail governments.” - German Chancellor Angela Merkel (August 31st, Bloomberg) “These excesses cannot be allowed to be repeated as if nothing has happened.” - French President Nicolas Sarkozy (August 31st, Reuters) It didn't qualify as a news story when I repeatedly characterized the $10 trillion in hand-outs, loans and guarantees which the U.S. financial crime syndicate squeezed out of the U.S. government as “blackmail”. However, when the chancellor of Germany makes that same observation, it suddenly becomes newsworthy. With the G-20 poised to meet in Pittsburgh next month, notice has been served on the U.S. government (and to a lesser extent, the U.K. government as well): either take control of your government back from the bankers, or expect to become an economic pariah in the global economy.