SATURDAY, OCTOBER 25, 2008
Senators don’t normally use the word “Revolution”.
As a central part of the government, Senators do not normally wish to stir up any images of major challenges to power or of guillotines.
So it is dramatic that Senator Dodd mentioned the “R” word with a New York Times reporter:
I caught up with Senator Dodd, and asked him what he was going to do if the loan situation didn’t improve. “All I can tell you is that we are going to have the bankers up here, probably in another couple of weeks and we are going to have a very blunt conversation,” he replied.
He continued: “If it turns out that they are hoarding, you’ll have a revolution on your hands. People will be so livid and furious that their tax money is going to line their pockets instead of doing the right thing. There will be hell to pay.”
That statement is especially interesting because the banks have admitted that they will continue hoarding cash for quite a while.