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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (173227)	10/7/2011 1:40:00 PM
From: koan	Read Replies (2) \| Respond to of 542149

As I get deeper into Ron Susskinds book (you really must read it) it becomes clear just how incestuous the huge investment bank power brokers and government (including Obama) is. I don't think the average person has any idea just how much influence those 100 million a year CEO's have over our government. This is what Naomi Klein, Krugman and Stiglitz have been warning us about. And my protestations for so long that Obama did not appoint Stiglitz and Krugman now makes me look naive and silly. In a hundred years Obama was not going to appoint those guys. Summers and Geithner fit right in with the investment banks CEO's. And also Geithner told people not to go hard on the banks and I think Eric Holder did the same thing. So whereas Oama told us he would not employee lobbyists, they work for the investment bank CEO's. those are who wield the power. One way one can see this is to see who is running our country and what happens when their corporations get in trouble. Paulson was CEO of Goldman Sachs and treasure Sectretary. Rubin was Clintons Treasury Secretary and undid Glass Steagall and was head of Citgroup. The idea that Krgman or Stiglitz could not be Treasury Secretary is nonsense. Investment banks came away unscathed after 08 and so far no prosecutions. Robert Wolf, head of UBS was Obama's patron and sort of made him president in many respects by raising so much money and getting him connected in the beginning.