OBAMA’S WALL
STREET and the LOOTING of AMERICA – SECOND TERM
“The response of the
administration was to rush to the defense of the banks. Even before coming to
power, Obama expressed his unconditional support for the bailouts, which he
subsequently expanded. He assembled an administration dominated by the
interests of finance capital, symbolized by economic adviser Lawrence Summers
and Treasury Secretary Timothy Geithner.”
OBAMA’S WALL
STREET and the LOOTING of AMERICA – SECOND TERM
The corporate cash hoard has likewise
reached a new record, hitting an estimated $1.79 trillion in the fourth quarter
of last year, up from $1.77 trillion in the previous quarter. Instead of
investing the money, however, companies are using it to buy back their own
stock and pay out record dividends.
Megan
McArdle Discusses How America's Elites Are Rigging the Rules - Newsweek/The
Daily Beast special correspondent Megan McArdle joins Scott Rasmussen for a
discussion on America's new Mandarin class.
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