January 31, 2008 (Nouvelle Solidarité), PARIS -- This week's Le Canard Enchainé, the French official leak sheet reports that Sarkozy is absolutely furious about the British orchestrated debacle of the large French bank Societe Generale. During his state visit to India earlier this week, according to the satirical weekly, Sarkozy finally informed of what was going on with the bank, declared: "Everybody backs down in front of the market rooms. They invented such words as 'securitization'. They have mutualized everything and nobody knows any longer who guarantees the risks." Le Canard, is flabbergasted by the fact that "a former apostle of free enterprise" can say such things as "We have to get away from a capitalism without transparency where innovation in banking systems has lead to hand over the power to speculators instead of to entrepreneurs. When you hear the bankers, they are always very proud of their trading floor. You know these places where they take, as one says, positions, to gain more in a record time." Sarkozy's new orientation was confirmed by leftwing economist Bernard Maris, who declared in an interview on Monday January 28 that the elites have understood that the system had no sense and was "politically dangerous." Maris added that "on this issue, I'm an optimist" He then mentioned the names of two advocates of "economic patriotism" Jean-Louis Beffa, CEO of Saint-Gobain and Claude Bébéar of the French Axa insurance giant, as well as "people inside the government" whose names we wouldn't reveal. Their view, according to him, is at the opposite of the banking elites which are dangerously out of reality.

Time is getting ripe for LaRouche's two tier credit system.