Video & Multimedia
Related: About this forumSEC Proposes Massive Wall Street Deregulation – Whose Side Is Obama On?
The Bush administration had enough sense to not push through a Wall Street deregulation plan in 2008. But today, the Obama administration has revived that same plan, and if it makes it through, fraud will become legal for many banks on Wall Street.
Ring of Fire's Farron Cousins discusses this.
V0ltairesGh0st
(306 posts)would continue the bankster injustice as sure as Obama has let us all down late into his presidency.
tecelote
(5,122 posts)Status quo won't cut it. Time for a New Deal.
V0ltairesGh0st
(306 posts)from her...should be the one that breaks her. But instead , poll and press bias continue to hand her wins over the whole discussion. This is far from over until the the last vote is counted !
tecelote
(5,122 posts)Bernie is still relatively unknown. People of all walks of life are just discovering his message.
As you said... "This is far from over until the the last vote is counted!"
Enthusiast
(50,983 posts)That was as ridiculous as the sniper fire.
840high
(17,196 posts)jwirr
(39,215 posts)Obama as FDR and throw it away. Didn't happen.
think
(11,641 posts)Angry Dragon
(36,693 posts)I always thought he was a very poor negotiator
Enthusiast
(50,983 posts)elleng
(130,126 posts)it and its members are not part of and controlled by any president's administration.
Presidents appoint SEC chairs and members; that's as far as their 'control' goes. Chairs are identified by their party affiliation and usually the same party as the president who appoints them, and the other members are majority of the president's party (for example, 3 Dem,) and minority the other party, (2 Repub.) This is true for many other administrative agencies also.
Compare, for example, with the Departments of Justice, State, and Labor, which ARE directly controlled by the administrations under which they act, and their Secretaries are part of the President's cabinet.
White's been a disappointment to me too, and maybe to the President, but he has no control over her actions.
Scuba
(53,475 posts)MannyGoldstein
(34,589 posts)This is what he's comfortable with.
elleng
(130,126 posts)Wasn't his grandmother a bank SECRETARY for many years? a SMALL bank, at that.
And, Manny, check out my post above, about the amount of 'control' President Obama, and any president, actually has over any SEC actions.
MannyGoldstein
(34,589 posts)That's the world he's used to, I think.
elleng
(130,126 posts)Means nothing to kids that their friends' folks are upper class, and I won't slam kids for living with their parents. Obama's family was not wealthy, and I don't think he grew up 'used to' a 1% life. (My impression.)
AND he felt kind of 'out,' due to being a person of color, as I recall.
ReallyIAmAnOptimist
(357 posts)Bernie speaking truth.
Apparently the SEC was in a hurry to prove his point.
Technically one must replace "congress" with "the government", but it's essentially what Bernie was getting at.
Enthusiast
(50,983 posts)Skittles
(152,964 posts)markpkessinger
(8,381 posts). . . it's probably time to be thinking about what he's going to do after he leaves office.
Enthusiast
(50,983 posts)I won't say it. I'd like to say it. But I won't. I will exercise restraint. I won't like it. Especially when we have no true voice in the media.
Art_from_Ark
(27,247 posts)NCjack
(10,279 posts)in robbing all of us of everything, everywhere, all the time.