|Marching against austerity|
Guess who's pushing privatization and re-engineering Portuguese society? It's J.P. Morgan, the same investment bankers and hedge-funders who helped crash the economy here.
Portugal appointed J.P. Morgan as financial advisers in the planned privatization of the national postal service...The privatiszation is part of a wider state property sell-off by Lisbon ordered under the country's 78 billion euro EU/IMF bailout.There a strong Chicago connection in all this. It's Bill Daley, brother of the ex-mayor, who just announced he's running for governor. Daley was a V.P. for J.P. Morgan who made a cool $8.7 million the year before becoming Obama's chief-of-staff.
I'll be looking for news about the upcoming general strike called by the country's biggest unions on June 27th.