Wednesday, October 20, 2010
Assistant Quote of the Day
"But more to the point, the origin of these SWFs (sovereign wealth funds) is not even relevant, necessarily. What is relevant is that these funds are foreign and that thanks to a remarkable series of events in the middle part of the last decade, they rapidly became owners of big chunks of American infrastructure. This is a process of a country systematically divesting itself of bits and pieces of its own sovereignty, and it's taking place without really anyone noticing it happening — often not even the people asked to vote formally on the issue."
-- Matt Taibbi, in a must-read excerpt from his new book, Griftopia