Yves Smith (YS) has a 14 December 2009 post at her Naked Capitalism about Obama's criticizing the banksters. YS writes, "A little Goldman Kabuki theater to appease the peasants". I agree. Here's a link: http://www.nakedcapitalism.com/2009/12/yes-obama-is-getting-serious-about-banks-he-is-now-calling-them-bad-names.html.
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From Yves...
“I did not run for office to be helping out a bunch of fat cat bankers on Wall Street,” Mr. Obama said in an interview on CBS’s “60 Minutes” program on Sunday.
Yves here. That is a curious and revealing statement. No, you may not have run for office on a “cream to the bankers, crumbs to everyone else” platform, but it is certainly what you have done at every available opportunity. Start looking in the mirror and owning your policies, instead of pretending you are somehow not responsible for them.
Here is the thing... Obama could redeem his presidency and more if he would just grow a pair and put the bankers in a real headlock... he can call up Brown, Turner, or Sarkozy and get some lessons on how to rein in banker thugs... it seems leaders of less "powerful" nations are capable of doing it...
If Obama doesn't do this and the people continue to suffer he'll lose substantially in both houses of Congress... and that's just the political equation... let's not even speak about the moral premises that he ran on of "changing the way Washington works"...
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