Saturday, May 26, 2012

Obama, craven bankers' lackey

The Dodd-Frank Act, a law passed to prevent the passage of Glass-Steagall and other necessary reforms, is now being used openly to protect the derivatives market! Earlier this week, the Financial Stability Oversight Council (FSOC) designated two giant derivatives exchanges as "systemically important financial institutions" (SIFIs)....
from Obama Administration Acts To Protect Derivatives Market

In essence, we're being told that the economy can't function without the banks that are destroying the economy.