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4/7/09

Religion Dispatch: I Owe, Therefore I Am: Why Struggling Against the Banks is a Holy Obligation - by Peter Laarman

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I Owe, Therefore I Am: Why Struggling Against the Banks is a Holy Obligation - by Peter Laarman

It’s been a long time since anyone paid attention to old Ben Franklin’s preachments on fiscal prudence: “If you would know the value of money, go try to borrow some; for he that goes a-borrowing goes a-sorrowing.” “Never forget that credit is money.” “Necessity never made a good bargain.” As Matt Taibbi explains in Rolling Stone, the Paulson-Geithner approach to “fixing” the credit crisis amounts to giving the banks direct access to the rest of the US taxpayers money, via taxes we will be paying as far as the eye can see, along with all of the money they have already been extracting via their ongoing predatory lending. It’s one thing for Geithner to say “we’re not Sweden” in explaining why the US government still declines to take the big banks public with full public oversight. He has yet to explain why he is letting the banks take the government private—and thereby take all of us into permanent captivity.

Economic fair play is written in Jewish and Christian DNA: Jesus said to his bankers--the money changers in the Temple courtyard--"It is written, 'My house shall be called a house of prayer'; but you are making it a den of robbers." (Mathew 21:13) Muslims say much the same thing: "Allah will deprive usury of all blessing, but will give increase for deeds of charity" (Quran 2: 276).

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