In this particular case, after TALKING about giving the American public some desperately needed FINANCIAL OVERSIGHT and CONSUMER FINANCIAL PROTECTIONS, Mr. Obama, as usual (at the behest of his Emanuel/Rubin/Summers/Geithner/Bernanke Goddamn-Sachs, JPMorgan-Chase, + Citi-bank RADICAL RIGHT-WING financial predators and Economic Hit Men) DOES THE DIAMETRICAL OPPOSITE: he DELIVERS NOTHING in the way of genuine financial protection, and and instead runs a dog-and-pony show to PRETEND that he is.
At this point it is no longer sad that Mr. Obama is a serial liar and fast becoming a financial parasite and economic hit man outdoing Hank Paulson and Bernie Madoff in his own right; what is sad is that the American people can't see through Mr. Obama's pretend-reform facade treachery, and coalesce enough to DEMAND restraints on the out-of-control Obama/Emanuel/Goddamn-Sachs administration and Pelosi's "of, by, and for Wall Street" Congress...
"Democrats Follow FAILED Health Care Strategy and Preemptively Surrender on Consumer Financial Protection Agency"** To which we can only add, "with a great big WET-KISS of approval and COMPLICITY from the cowering, corrupted Emanuel/Obama "of, by and for Goddamn-Sachs" White House....
March 1, 2010
< Back in June, President Obama released a proposal calling for the creation of a Consumer Financial Protection Agency that would be "independent," with "broad authority" and the power to "combat the worst abuses in mortgage markets." The agency, Treasury Secretary Tim Geithner said, would "have an independent seat at the table in our financial regulatory system."
Well, that was before the banking lobby went into action. A couple of hundred million dollars later, and we're left with this punch-to-the-gut of reform, from the top-line summary of Dodd's plan: "the independent agency proposal would be dropped." Seven words dirtier than George Carlin ever uttered.
....So much for "independence" and "broad authority."
The proposal will no doubt be very popular with the banks that, as Sen. Dick Durbin put it, "own the place." But it's already been met with criticism from consumer groups.
"Effective reform is once again being blocked by opposition from the big banks that caused the current financial crisis, "** said Heather Booth, director of Americans for Financial Reform. "The revised proposal does not provide what is needed to protect American families or the financial system as a whole." >