Even the BOUGHT-and-PAID-for corporate "Democrat" SENATORS are becoming concerned about JUST HOW BLATANTLY Mr. Obama has BETRAYED his pledge to "CHANGE" the way those Banksters & Financial predators who landed America IN THIS ECONOMIC CRISIS do business.
Wall Street Digs In
by Michael Hirsh, Newsweek, April 10, 2009
Not long ago, a group of skeptical Democratic senators met at the White House with President Obama, his chief economic adviser, Larry Summers, and Treasury Secretary Tim Geithner. The six senators—most of them centrists, joined by one left-leaning independent, Vermont's Bernie Sanders—said that while they supported Obama, they were worried. The financial reform policies the president was pursuing WERE NOT GOING FAR ENOUGH, they told him, and the people Obama was choosing as his REGULATORS, were NOT going to CHANGE THINGS fundamentally enough. His appointed officials and nominees were products of the very system that brought us all this economic grief; they would tinker with the system but in the end leave Wall Street, and its practices, mostly intact, the senators suggested politely. In addition to Sanders, the senators at the meeting were Maria Cantwell, Byron Dorgan, Dianne Feinstein, Carl Levin and Jim Webb.
That March 23 gathering, the details of which have gone largely unreported until now, was just a minor flare-up in a larger battle for the future—one that may already be lost. With the financial markets seeming to stabilize in recent weeks, major Wall Street players are digging in against fundamental changes.