On Apr 26, 2009, at 9:26 AM, James Heartfield wrote:
> Doug Henwood wrote: '...the creditor class, whose power is now being
> shored up by the Obama administration', which struck me as a good
> description, though aren't they also the debtor class?
yes, in the sense that they borrow to speculate and lend, but in the final analysis, they always pass on responsibility for the debt to someone else (e.g. Tim Geithner)