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View Diary: Riding a populist wave toward 2014 (224 comments)

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  •  So you missed that CFPB thingy and the (3+ / 0-)
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    shrike, sethtriggs, Davui

    first regulations passed during a Democratic administration, and the DOJ prosecutions that are sending fraudsters to jail?  You missed the changes to TARP that resulted in a very high very fast payback rate, resulting in a very low ultimate cost to taxpayers?  What is it about "strongest regulations since FDR" that offends you?  Aren't you really just furious that Americans ignored the excesses of the financial industries, that both Carter and Clinton complied with Wall Street and no one noticed until comfortable white guys lost jobs and homes?

    Where was the OWS movement when POC, women, Jews, were the victims?  Where was the outrage when police brutality to gays, women, blacks was commonplace?  Where is the outrage about rape on reservations?  

    Lining Banksters up against the wall and shooting them for doing what initially benefitted the ruling white male class is vengeance, not a fight for a level playing field.  Thank God Obama isn't willing to destroy the economy in order to purify it.  We have what we have, our job is to work on practical ways to make it fairer, not succumb to the new 1% a revolution would bring.  See Russia, post "fall".

    I'm not looking for a love that will lift me up and carry me away. A love that will stroll alongside and make a few amusing comments will suffice.

    by I love OCD on Thu Jan 17, 2013 at 09:59:53 AM PST

    [ Parent ]

    •  Too Big To Fail Banks and High-Flying Financiers (1+ / 0-)
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      destroyed the economy.

      Obama's Administration missed a golden opportunity to rebuild it on firmer ground.

      The story as it seems to be shaping up now in the reporting is that Geithner spearheaded the conservative and fairly libertarian approach to dealing with the banking and investment community - that there were advisors who disagreed - but Geithner won out in those debates.  He's also one of the few economic policy advisors involved who is still at the White House, FWIW.

      Those financial institutions still pose a great threat to our economy.  Little has changed in the structural sense.  A repeat of the collapse of 2008 is still very possible.

      And Chris Dodd for all he did to shield the banking and finance industry from real reform, is not sitting pretty on Wall Street as he had planned.  He's gone on to head up the MPAA which isn't a bad job, but definitely isn't the payback he had expected for his efforts on behalf of the Wall Street one-percenters.

      The folks over in Obama land apparently also feel a bit betrayed having worked so hard to protect them from a rightfully angry public.  Live and learn.

      •  It has always been so in this country. The (0+ / 0-)

        tension between free markets and reasonable regulation of same are a perpetual see-saw.  This is true in every economy, not just ours.  It's true in communist and socialist countries.  There's no Golden Mean that holds, just the swings over decades.  IOW, we could avoid the extremes if we paid consistent attention, mobilized against loosening regulations, used our united citizen power outside of election years.  No president can overhaul the financial system completely, we prefer it until it hurts us personally.  Then we rage and rail impotently until it benefits us again, and ignore all warning signs until we're hurt again.  We could do it differently in the future.  Will we?  We were more emotionally invested in American Idol than we were in American warmongering during the Bush years. My outlook is not sanguine.

        I'm not looking for a love that will lift me up and carry me away. A love that will stroll alongside and make a few amusing comments will suffice.

        by I love OCD on Thu Jan 17, 2013 at 03:41:32 PM PST

        [ Parent ]

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