Obama's biggest mistake
Frank Rich is one in a long line of pundits I've seen lately suggesting Obama's biggest mistake was and is not cracking down on the Banksters and sending some of these sociopaths to jail.
Can't say I disagree, but as I said way back during the bailout days, it's not clear to me that he can. Meaning, even Bernanke kowtows to them. I also seem to recall the first time Obama starting talking tough about a crackdown, Wall St mysteriously started to crash again.
The Banksters have the power to crash the economy at any time. It doesn't seem impossible to me that they're privately threatening to do so unless their ransom demands are met.
Can't say I disagree, but as I said way back during the bailout days, it's not clear to me that he can. Meaning, even Bernanke kowtows to them. I also seem to recall the first time Obama starting talking tough about a crackdown, Wall St mysteriously started to crash again.
The Banksters have the power to crash the economy at any time. It doesn't seem impossible to me that they're privately threatening to do so unless their ransom demands are met.
Labels: Corporatocracy, President Obama
posted by Libby Spencer at 10:10 AM
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