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Showing posts with the label LIBOR

What Poor People Want

Fiscal Forum: “The Political Economy of High Debt” IMF, April 19, 2015. L to R: David Wessel, Maria Luís Albuquerque, Christine Lagarde, Helen Clark, Joaquim Levy. I was at the IMF yesterday with a bunch of rich white people ( @ Lagarde @ HelenClarkUNDP   @ davidmwessel ) when the subject of poor people came up. Of course, as they do with Black people, rich white people claim to know everything there is to know about the poor. I think their main fear is that poor people will want the same deal that Goldman Sachs got, or the deal JP Morgan got, or the deal the " London Whale " or the LIBOR manipulators got. This fear is borne of a certain selfishness and greed. It is, also, completely wrong, so I took the time to tell them what I think. Here is what we want: 1. Water. Not privatized water systems. Access to clean water. 2. Food. Not GMO degraded, just clean food. 3. Shelter. Not subprime loans, but shelter. 4. Peace. Not the opportunity to be shot in the