Bernie has wasted his best weapon: (interesting article)

Why Sanders should be raking the Obama administration over the coals.

The Vermont Senator has been too soft of Barack Obama, who has let Wall Street utterly off the hook

Time is running out for Senator Bernie Sanders to tell the truth about the last several years of the Obama administration that has run a protection racket for the Wall Street predators that cratered the economy, even as their pillage of Main Street continues unabated. By avoiding this awful truth, perhaps in fear of alienating African-Americans voters, Sanders is squandering a once-in-a-life opportunity he’s worked so hard for — to speak truth to power.


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It has been widely reported that the biggest players in the 2007-08 financial crisis escaped criminal prosecution on President Obama’s watch. Even though their fraudulent behavior collapsed America’s housing market and sucked the wealth out of the nation’s pension nest egg, these titans of finance have during Obama’s presidency gone on to prosper and preside over institutions that are even larger today than they were before the Great Recession.

Thanks to a New York Times report earlier this month, we know that the latest $5.1 billion settlement between the Department of Justice and Goldman Sachs is an “even sweeter deal” than all the others that the Obama administration has been busy signing off on. “Buried in fine print,” the Times reports, were government incentives and tax credits that mean the Wall Street giant will have to pay only a fraction of what the DOJ press release says it will.

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The settlements are as fraudulent as the conduct they purport to punish. No doubt, we can expect the government lawyers that cut these Wall Street deals to follow the same path as former Attorney General Eric Holder, who upon leaving his post at the DOJ proceeded right back into the rarefied air of his corporate law firm Covington & Burling, where he worked before his latest stint of public service.

cont . . . . (long article)


http://www.salon.com/2016/04/25/bernie_has_wasted_his_secret_weapon_why_sanders_should_be_raking_the_obama_administration_over_the_coals/