As a follow-up to my post earlier today, I am linking the latest Rolling Stone piece from Matt Taibbi, the reporter who lifted the curtain to expose Goldman Sachs:
The president has packed his economic team with Wall Street insiders intent on turning the bailout into an all-out giveaway...
A president elected on a platform of change was announcing, in so many words, that he planned to change nothing fundamental when it came to the economy. Rather than doing what FDR had done during the Great Depression and institute stringent new rules to curb financial abuses, Obama planned to institutionalize the policy, firmly established during the Bush years, of keeping a few megafirms rich at the expense of everyone else.
Here's the link, and it's a must-read: Obama's Sellout To Wall Street
Thursday, December 10, 2009
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