Bernie Sanders vs. Barack Obama on Wall Street

Bernie Sanders vs. Barack Obama on Wall Street

www.progressive.org

On Saturday, I heard Senator Bernie Sanders speak about the criminal acts that occurred on Wall Street, which created last year’s crash.

Sanders said he wanted to see some of the criminals behind bars.

And he also said he was sick of the expression “too big to fail.” If banks are too big to fail, he said, they’re too big to exist. So he demanded that we dismantle them into smaller units.

Two days later, Barack Obama went to New York to give his big speech on financial reform.

Unlike Sanders, Obama didn’t threaten Wall Street execs with jail.

And he didn’t talk about busting up the bank holding companies.

(visit the link for the full news article)



[edit on 24-9-2009 by grover]

I said it during the election and I will say it again to those who think Obama is out to destroy America or other such deranged fantasies...

If the powers that be thought that Obama was a real threat to their vested interests (screw yours or mine...theirs is all that concerns them) he would have never gotten so far as to win the nomination, much less the presidency.

And if anything proves it beyond a shadow of a doubt was the speech he gave on Wall Street.

I have a great deal of respect for Bernie Saunders and wish there were more like him in congress...he and the late Paul Wellstone gave sane faces to the liberal left (were that there were some sane faces for the conservative right) and of course Saunders is right.

There are guilty parties on Wall street who should be in jail...if you or I tried such scams our heads would be on a pike someplace.

No bank...insurance company...investment house or corporation should ever be allowed to get so large and so unregulated that their fall would so adversely effect the national economy...it should be common sense but it isn't.

Even the head of the FDIC has suggested that the big banks be broken up and prevented from getting so large again.

I don't mind the bailout of GM and company since their failure would affect Joe Blow down at Yokihoma tires the next town over and their failure would put several hundred people out of work...with hundreds if not thousands of similar scenes played out across the nation...

But Wall street bankers and investors do not actually do anything. They are parasites on the national economy which would find new ways to manage money should they fail.

But Obama is not going to rock that boat...he owes them too much.

www.progressive.org
(visit the link for the full news article)

[edit on 24-9-2009 by grover]

Too bad this thread has gone uncommented on...especially considering a liberal...actually the only real socialist in congress...is saying things many conservatives should agree with...as do many liberals.