Rohatyn: We Need Global Dictator to Run a Global Big Mac

Rohatyn: necesitamos una dictadura global que dirija un Big Mac Global

PARIS, March 6, 2008 (LPAC)--Felix Rohatyn, currently the vice-chairman of Lehman Brothers, explained in detail his explicit plan for a fascist new world order -- hinting that he would be the perfect economic dictator, in a long interview given to the New York correspondent of France's leading economic daily Les Echos on February 11. Rohatyn called for a "new global regulator, capable of imposing regulations and speaking with a single voice," to deal with what he described as far more than "just another crisis," but a global breakdown of the financial system with serious social consequences.

Using his usual sophist appeal to FDR's New Deal, he revealed what his idea of the New Deal really is: "Today, we need a new New Deal. It reminds me somehow of the middle of the seventies when the city of New York was about to go bankrupt. Helmut Schmidt and Valery Giscard dEstaing had warned us: a bankruptcy of New York risked provoking a dollar crash. The crisis we confront today is much more global. That is something frightening."

Of course, Rohatyn was brought in to "save" New York City at that time, as head of Big MAC (the Municipal Assistance Corporation) which threw the Constitution aside to turn over the control of the city's finances from its elected officials to the private banks, to ensure all debt payments, at the expense of wages, services, and maintenance of the city's industries -- which were destroyed. Clearly he is suggesting the need for a Global Big MAC, with himself (or his fascist pal Michael Bloomberg, perhaps) as the "global regulator."

His fraudulent references to Roosevelt were further exposed when the journalist asked: "Do you want to rehabilitate Keynes, or do you want the New Deal of FDR?" Rohatyn ignored the (correct) distinction between Keynes and FDR, calling himself "a fervent capitalist, but I have never hidden the fact that I am a Keynesian." He then incredibly claimed that FDR saved capitalism, not from fascism, but from socialism!

Rohatyn noted that "our traditional industries are collapsing simultaneously" (but not mentioning his own role in bringing that about), naming the auto sector, real estate construction, and the financial sector. The problem is that "finance has been globalized..., but the control structures, they have not adapted. Taken separately, each central bank is too isolated and follows its own policy. America lowers its rates. Europe isn't. We might need a more global regulator."

He also spelled out his corporatist scheme for infrastructure, making explicit that the key is the private sector use of public funds for leverage. Referencing the $1.6 trillion infrastructure deficit in the U.S., he said we need a "domestic World Bank" with $60 billion in federal funds, "which could then raise funds and lend money to finance great projects. She never would lend more then 50% of the investment, in order to maintain a strong relation to the private sector." Of course, these vultures are already leveraged far more than 1-1 in their corporatist schemes.

There is a humorous side: Rohatyn, the Godfather of Mergers and Acquisitions and hedge fund speculation generally, complains that the U.S. image has been tarnished by the fact that "Today, we do not project an image of being a country of serious investors, but that of a country of gamblers enticed by profits. That is very bad."