One might think it would be a big news story for the second most-powerful member of the U.S. Senate to baldly state that the Congress is “owned” by the bankers who spawned the financial crisis and continue to dictate the government’s actions. But it won’t be. The leading members of the media work for the very corporations that benefit most from this process. Establishment journalists are integral and well-rewarded members of the same system and thus cannot and will not see it as inherently corrupt (instead, as Newsweek’s Evan Thomas said, their role, as “members of the ruling class,” is to “prop up the existing order,” “protect traditional institutions” and “safeguard the status quo”).
That Congress is fully owned and controlled by a tiny sliver of narrow, oligarchical, deeply corrupted interests is simultaneously so obvious yet so demonized (only Unserious Shrill Fringe radicals, such as the IMF’s former chief economist, use that sort of language) that even Durbin’s explicit admission will be largely ignored. Even that extreme of a confession (Durbin elaborated on it with Ed Schultz last night) hardly causes a ripple.
Summary By Ted
