Obama “delivering” for financial institutions

Raw Story

03/29/10

Obama is delivering, but only for financial institutions. The nature of the current recession has made it clear to most Americans that a new wave of financial reforms is necessary to prevent another crash. MIT professor Noam Chomsky alleged that the Democratic establishment’s reluctance to reestablish post-Depression type regulations is reflective of the systemic constraints on policy in America’s ‘dysfunctional democracy.’ Chomsky, who has written many books detailing the perils of corporate influence in politics, said in an interview that the president and his party are hamstrung by fears that banks will punish them if they implement policies that do not satisfy the industry’s desires...

//rawstory.com/rs/2010/0329/chomsky-banks/



Break up the banks

Cato Institute
by Arnold Kling

03/29/10

Big banks are bad for free markets. Far from being engines of free enterprise, they are conducive to what might be called ‘crony capitalism,’ ‘corporatism,’ or, in Jonah Goldberg’s provocative phrase, ‘liberal fascism.’ There is a free-market case for breaking up large financial institutions: that our big banks are the product, not of economics, but of politics...

//www.cato.org/pub_display.php?pub_id=11621


Informant: Thomas L. Knapp

--------

Obama 'is deceiving the American public'
//www.ufppc.org/us-a-world-news-mainmenu-35/9498/

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"Our President Is Deceiving the American Public"

By Democracy Now!

Daniel Ellsberg, Pentagon Papers Whistleblower on President Obama and the Wars in Afghanistan and Iraq.

//www.informationclearinghouse.info/article25117.htm



How Bush Tried to Stop Predatory Lending

By Mike Whitney

Bush acted as a pitchman for the financial industry to attract a larger pool of applicants to keep the securitization flywheel running at full-throttle. It didn't matter to him that the wave of foreclosures would end up devastating black and Latino communities across the country.

//www.informationclearinghouse.info/article25212.htm



'The System Is Built To Be Gamed'

By Ryan McCarthy

These are the words of an anonymous executive at one of America's 10 largest banks, who after many years of watching the worst of Wall Street's ethics transform his company, has decided to speak out.

//www.informationclearinghouse.info/article25213.htm



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