From the Russian blog Vlad's Daily Gloat:
"Shock Therapy" Hits America Where It Hurts
What a day great, fun today! This will make you laugh (unless you are American): last year, Bear Stearns, one of the pillars of the mighty American investment banking system, was named to Fortune magazine's list of America's "Most Admired" securities company. It won this distinction three years in a row, 2005-2007. We can really trust the American free media to tell us the truth, and we can be sure that Bear Stearns did not bribe Fortune for that ranking. How strange then that today, Bear Stearns is "Most Fucked" securities firm in the entire world. And most corrupt too, along with the corrupt American Central Bank.
A real eye-opener, unless you have read The Shock Doctrine, in which case it will probably give you a grim sense of determination... (more quotes below the fold)
The blog certainly lives up to its name:
Losers, you're so fucked you do not even know what is coming! You think it's bad now, just because Bear Stearns has a cactus branch in your assholes? Ha! It's only a small taste, my friends. Get ready to sell your old clothes and trinkets outside of bus stations like our babushkas used to in the 1990s, because you are fucked now in a way you simply cannot imagine, you are fucked just like you fucked Russia 10 years ago!
And if you needed more proof that Naomi Klein was right, here you go:
Do not forget that the entire Yeltsin economy, including the notorious corrupt banking system, was forced upon us by United States government and the American investment bank advisers who were seated inside the Russian government at all times. That is why today's American banking collapse is so easy to understand for Russians. Russians tried as early as in 1993 to stop the vicious Yeltsin/American "shock therapy" economics that turned a proud nation into desperate paupers. I remember the dark time because even though I was just a student in 1993, my family suffered through this years together. First we lost all savings, and first my grandfather and then two uncles died quickly and brutally. Our democratically elected parliament tried to stop Yeltsin "shock therapy" and throw out American "free market advisers" to save what was left. Americans and Yeltsin decided democracy was not good anymore so Yeltsin, the democrat, ordered tanks to attack the opposition parliament in 1993. He killed several hundred brave Russian patriots, who died fighting against this corrupt ruinous American "shock therapy" economics. We were crushed with tanks, you see. Naturally President Clinton immediately supported Yeltsin, showing who was the real master of that putsch against Russian democracy. It meant something that Clinton immediately gave his support to Yeltsin. It was like a wartime defeat. I can tell you, back then we were in such awe of America, we had no choice but to accept defeat, it was hopeless. We lost the power to stop banks and government from stealing every last part of Russia, until the final collapse in 1998.
I submitted the blog page to digg.com, link here