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Wall Street’s War Against the Cities

Why Bondholders Can’t – and Shouldn’t – be Paid

Michael Hudson • August 31, 2012

• 2,700 Words • Leave a Comment

The pace of Wall Street’s war against the 99% is quickening in preparation for the kill. Having demonized public employees for being scheduled to receive pensions on their lifetime employment service, bondholders are insisting on getting the money instead. It is the same austerity philosophy that has been forced on Greece and Spain – and... Read More

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