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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (115365)	6/14/2012 12:56:46 PM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

WRT to Jamie Dimon, the Volcker Rule and the Frank-Dodd Act are already law. There is a decent case to be made that JPM deliberately flouted the intent of that law. Trading for your own desk is expressly prohibited for banks that are insured by the government. His firm did it anyway. Now the fact is that these guys are so well heeled, they could get a lawyer to dance around and they'd probably win a lawsuit. But I guarantee you that if Obama sicked his lawyers after Jamie Dimon to make an example of him for flouting the Frank-Dod act, it would have a chilling effect on all of the other TBTF's who are currently running derivative casinos and betting on behalf of their own accounts with the full faith and credit of the US taxpayer backing them up. I would bet you my right ball that if Eliot Spitzer was AG, he'd be all over these guys like flies on shit. Eric Holder is the most worthless AG in history and Obama should have fired him long ago and instructed the next one to protect the American people. Again, I ask you. Why do you defend the likes of Jamie Dimon and John Corzine? You talk a big game about being for the 99%, but at every turn you defend the 1%ers. And hell, I don't have anything against the 1%, I just don't like the 1% who are part of the Financial Industry who have been raping this country blind with impunity because Obama won't do a damned thing to put a stop to it. In Obama's own words directed to the top TBTF bankers he met with just after the Financial crisis hit: "I am the only thing standing between you and the pitchforks." Why is Obama defending them? Because he's bought and paid for, just as the GOP and Romney is. Sorry, I'll take Ron Paul. He has more integrity and will really fight for the 99%.