On 25/04/2010 10:16 AM, wrote:
On Sun, 25 Apr 2010 07:46:34 -0600,
wrote:

On 24/04/2010 5:37 PM, bpuharic wrote:
the right wing is going to bat for wall street! who coulda guessed?

http://www.washingtonpost.com/wp-dyn...l?hpid=topnews

The industry has been damaged further by a series of embarrassing
developments, including the recent fraud charges levied against
Goldman Sachs by the Securities and Exchange Commission. Democrats
also criticized Republican leaders for holding a private meeting with
two dozen Wall Street leaders just before the GOP lawmakers threatened
to block Dodd's bill.

Although Obama and other Democrats held the edge on Wall Street
fundraising during the 2008 election cycle, the political action
committees for major banks and financial services companies have
dramatically shifted their giving toward Republicans in recent months,
data show. Goldman's PAC, for example, gave almost $300,000 to
candidates and parties in March, nearly two-thirds of which went to
the GOP.

Maybe the financial markets should move offshore?

That will probably happen with the derivatives market.
BTW did you see Larry Summers on CBS this morning saying he was just a
college professor and why would anyone blame him for what went on?

Hmm, maybe because you are presidential economic ADVISOR for Obama and
SoT for Clinton? Maybe because you were leading the cheer for
everything Gramm was doing in the late 90s? Even his brief tenure at
Harvard was marked by his association with a swindler.

Nope, in Canada we don't get CBS. CRTC has a thing about foreign
contenet and makes sure only "government approved" content is shown.
Hazards of big fat government and monopolistic media operators.

Is this Larry Summers as in Harvard president or something? Seems like
Harvard type ought to fit in quite nicely with Obama corruption. After
all other CEOs of GMAC, GM, Chrysler and bailout buddies all have
Harvard writen all over them.

Really this is a corruption war going on at the top. Just bigger stakes
than Clinton with Monica.

My guess is Obama is doing a flip flop with the deals he made to get
elected as he knows Democrats are in trouble in November. And the last
thing big mouth wants to see is GOP in congress. Or worse, a Tea Party
holding the balance of power which would be Obama's worst scenario. Say
GOP in congress slams down the spending, then the corruption monies dry up.

Actually, Americans would benefit a lot if congress went say 180 each
for Dem and GOP, with 75 Tea Party. Go a long way to screw around the
corrupt.
--
Socialism and statism are great as long as someone else pays for it.