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Obama's Secret Plan
April 22, 2009
In which we speculate that perhaps Obama has a secret plan to discredit the investment banker cabal and thus undermine their vast political power and reach.
Many observers, partisans non-partisans alike, have been mystified by President Obama's continuation of the Bush/bankers/Treasury's "privatize bonuses, socialize risks" campaign of taxpayer-funded bank bailouts, phony slight-of-hand "transparency" and political support for blatantly bogus accounting of banks' profits, assets and losses.
The failure of the Obama administration to pursue real regulatory "change" (such as actually enforcing regulations that are already on the books instead of throwing bankers new squeeze toys like "relaxed" mark-to-fantasy accounting) has moved many from mystification to outrage.
Where's the "change" in this continuation of Bush/bailout policies? What is the rationale of a supposedly "progressive" president in filling his financial administration with "investment banker Borgs"?
Originally posted by Hx3_1963
Obama: Brilliant or Buffoon?
[edit on 4/22/2009 by Hx3_1963]
Originally posted by theWCH
In regards to this particular scheme: Obama does have a history of pretending to play nice while waiting for his opponent to self-destruct. I don't think that this is something that should be discarded.