It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
"Showdown In Chicago": Thousands Of Protesters Gather At Bankers' Convention, Jesse Jackson, Labor Leaders Speak (VIDEO)
As the battle lines are drawn between the people and the bankers outside the ABA convention in Chicago, the question arises: Which side is the White House on, exactly? One reason -- which has never been directly addressed by Obama -- may be that many of his chief financial advisers have pocketed extraordinary amount of money from banks and Wall Street, and presumably intend to do so again. They are part of the banker class, and their loyalties have been bought and paid for. Back in April, when the White House released financial disclosure forms late one Friday, those few people paying attention learned just how stupendously beholden Obama's top economic adviser, Larry Summers, is to the financial industry that he is ostensibly trying to rein in. Summers was paid $5.2 million for his part-time work for a massive hedge fund in 2008. He also took in more than $2.7 million in fees for speaking engagements at such places as Citigroup, Lehman Brothers, Merrill Lynch and Goldman Sachs -- including one visit alone that netted him $135,000 from Goldman Sachs. That's right: $135,000 for one visit on one day. You can't pocket that kind of money and not be, on some level, corrupted.
Friday’s financial disclosures further expose the bankruptcy of American democracy. Elections have no real effect on government policy, which is determined by the interests of the financial aristocracy that dominates both political parties. The working class can fight for its own interests—for jobs, decent living standards, health care, education, housing and an end to war—only through a break with the two parties of American capitalism and the development of a mass, independent socialist movement.
Originally posted by Frogs
Hmmm... answering this post brings to bear an interesting point. That being how to expand your answer to meet posting rules when a one word answer is really all that is required to convey your thoughts..
That being said, I view that the answer to question can most clearly be stated simply. The evidence thus far points to...
Originally posted by jimmyx
oh, i suppose bush restricted the ceo's pay of the banks in 08'?..wrong
oh, i supoose bush worked on stricter regulations on banks in 08'.?..wrong
You might want think a deeper before saying that, the Democrats and the Republicans have the same master.....”BANKS”.
"If Tyranny and Oppression come to this land, it will be in the guise of fighting a foreign enemy"