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So, under Lew, in his new incarnation some time again as OMB head of-for Obama, I've a piece that talks about how OMB under Obama sounds virtually precisely like the tea get together. He’s an adviser to Barack Obama. Now he’s a professor at University of Missouri-Kansas City and creator of the book The perfect Approach to Rob a Bank Is to Own One. He now teaches on the University of Missouri-Kansas City and is the creator of the ebook The most effective Way to Rob a Bank Is to Own One: How Corporate Executives and Politicians Looted the S&L Industry. His e-book is called The best Solution to Rob a Bank Is to Own One: How Corporate Executives and Politicians Looted the S&L Industry. Barney Frank has proposed laws on financial derivatives that essentially exempts what are called over-the-counter derivatives from most regulation, and it's over-the-counter derivatives which were a serious cause of this disaster. Greider goes on to say, “In the new Deal years, the Congressional investigation led by Ferdinand Pecora helped construct the case for landmark regulatory reforms - legislation establishing the Securities and Exchange Commission and the Glass-Steagall Act, which separated commercial banks from threat-taking investment banks.Obama mentioned the talk in Oxford, Mississippi at Ole Miss ought to go on as planned. He called on Obama to postpone their debate Friday night time, saying he would solely attend if Congress approves a bailout package deal before then. JUAN GONZALEZ: And William Black, what's your sense of the prospects now for stronger monetary regulation, given the truth that - my understanding is now that the financial and securities firms have invested about 0 million in lobbying - in their lobbying efforts in Congress, and the halls of Congress are full of the lobbyists now who try to influence the members of Congress on the new regulation of the monetary system? That’s part of the stampede within the pack and the jackpot city casino login panic that Bush and Paulson and Bernanke are pushing Congress toward. It’s simply maddening to look at how imprecise Bernanke and Paulson are in answering one query after another. Once it passes, then the chance for comprehensive regulation and all the other adjustments to make Wall Street accountable, as an alternative of permit Wall Street to create a corporate state or what Franklin Delano Roosevelt called fascism, which is authorities controlled by private financial energy, represented by individuals like Henry Paulson - once this occurs, it’s not going to be reversible. His dire situation concerning the state of the economic system stood in stark distinction to his comments at his final press convention two months ago. While Wall Street is on the path of restoration, the actual economy remains in a state of disaster. Don’t be discouraged by the attitudes saying that demo play doesn’t provide the same stage of enjoyment as real money playing.
And the purpose of this is, when you do these three things, you're mathematically assured to report not simply earnings, however record income. Dow Jones tops 10,000, Wall Street stories large profits, executives obtain document bonuses, and what? There’s big amount of cash on the sidelines in Wall Road, everyone admits that. We know that peace of thoughts is a must on the subject of playing slots online. We have to do it.” And their Chicken Little material is conducted in closed session with Harry Reid and Nancy Pelosi and the Republican management. Allow them to take duty for it.” That doesn’t work. There doesn’t appear to be the sort of outrage, even in Congress, that there was six months or eight months in the past. There have been nine witnesses; eight of them had been from the industry and, in fact, testified that they had been very important to the world. So, they not only tried to destroy themselves and the country, they are continuing to do this, and indeed, however for Harry Reid actually throwing the Obama administration’s suggestion that they do cuts to the security web in the fireplace and burning it up, they would have gotten it as part of this interim austerity deal that was just achieved about eight days in the past.
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