Obama administration’s phony crackdown on the banks
By Gabriel Black
The US Department of Justice (DOJ) posted a video Monday in which Attorney General Eric Holder sought to dismiss the widely held, and completely justified, belief that the Obama administration treats the major American banks and financial institutions as being above the law. Various newspapers report that the video will be followed by a decision by the DOJ to criminally prosecute two foreign banks for crimes unrelated to the financial crisis.
9 May 2014
Dodd-Frank regulations help Goldman Sachs gain market share | WashingtonExaminer.com
"We will be among the biggest beneficiaries of reform,” Goldman Sachs CEO Lloyd Blankfein said of the 2010 Dodd-Frank financial regulation bill, which was supposed to be a broadside to Wall Street.
THE LOOTERS: OBAMA and his CRIMINAL CRONY BANKSTERS…. their looting only gets better by the day!
Democracy in America and around the world is collapsing
under the weight of immense and ever-growing levels of
social inequality, bound up with the domination of a
financial mafia that uses its political power to enrich itself at
the expense of society. Congress, the White House, the courts,
the regulators, the Democrats and Republicans are all
subservient to this financial aristocracy.
Income inequality grows four times faster under Obama than Bush
The study noted that, in the aftermath of the Great Depression, the US undertook policies “during the New Deal [that] permanently reduced income concentration until the 1970s.” In contrast, the study noted a striking absence of any measures to reign in social inequality in the present crisis. Far from it, the Obama administrations’ bank bailouts, austerity program and wage-cutting policies have vastly expanded the prevalence of social inequality.
REALITY of HOPE & CHANGE…. will we survive Wall Street’s ongoing looting?
State of the Union: A bankrupt ruling class talking to itself
30 January 2014
President Barack Obama’s State of the Union speech was a cynical propaganda piece, filled with fraudulent claims and promises that no one, least of all his audience at the US Capitol, believes in the slightest.
With Obama’s speech Tuesday night one had more than ever the sense of the president as chief representative of the financial aristocracy that rules America, speaking to a house filled with millionaire congress members and bought-and-paid-for representatives of big business.
OBAMAnomics at work for Wall Street donors:
The labor share of national income has fallen from 62 percent before the eruption of the financial crisis to around 59 percent today. With US gross domestic product at about $15 trillion, this means that some $450 billion has been gouged out of the working class to finance the further enrichment of the financial aristocracy.