Friday, April 23, 2010

William Black on our corrupt regulators

This is much-watch, especially if you’ve been seduced into drinking some of Obama’s financial reform Kool-Aid.  Obomba has proven himself a spineless cut-out for the military-industrial-financial Establishment many times over.  He may have good intentions, he may face a fecally-impacted Washington, he may face death threats every day, he may be doing all he thinks he can do given the cards he’s been dealt, but the fact remains that no significant reform of a broken America is taking place. 

Bill Black lays the blame where it belongs, on the industry-captive (industry-whore) regulators who had the power to preclude and then to clean up the mess all along:  Alan Greenspan, Ben Bernanke, Tim Geithner, Larry Summers, and so on ad nauseum. 

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