Obama turns up pressure in financial reform push
U.S. President Barack Obama will try to turn up the pressure for an overhaul of Wall Street regulations as he meets on Wednesday with top Democratic and Republican lawmakers to discuss a sweeping package of reforms.
http://news.yahoo.com/...
The Financial Oligarchy Hikes Taxes
http://globalguerrillas.typepad.com/...
how quickly the financial oligarchy has looted its way back to previous highs in profitability.
The financial oligarchy has used control fraud to hike taxes on the economy. As with most forms of control fraud, our loss will far, far exceed their gain.
What makes this looting possible? Costless debt (from central banks), a free pass on usury, subsidies (bailouts), government collusion (no arrests, investigations, or meaningful new regulation after the crisis), mark to make believe valuation (a mechanism that allows banks to avoid realizing losses on worthless assets), government purchases of bad assets, and government guarantees (on all of the new bad "assets" of too big to fail banks).
http://globalguerrillas.typepad.com/...
More here
How Washington Abetted the Bank Job
http://www.dailykos.com/...
Like I said Financial reform Kabuki theater at its finest