By Jim Jubak

It was no accident.

The folks in power in Washington and on Wall Street want to pretend that the current global financial crisis — you know, the one that reduced household net worth in the United States by $11.2 trillion in 2008, according to the Federal Reserve — was an accident caused by some unfortunate confluence of greed and asleep-at-the-switch regulators.

What we’re now living through, though, is the result of a conscious, planned looting of the world economy. Its roots stretch back decades. And it wouldn’t have been possible without the contrivances of the bought-and-paid-for folks who sit in Congress.

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