Re: The Tragedy of the Obama Administration

> The public actually forget who authorized TARP, who bailed out
> Citibank, BofA, AIG, Fannie Mae, Bear Stearns, etc.

Well, the Tea Party sure did.

> his presidency began its fatal downward spiral once he allowed Robert
> Rubin to determine his initial financial appointments. By passing over
> more pragmatic candidates not tied to banks and Wall Street, the president
> missed his opportunity to rise to greatness.

Fully agree.

> The opportunity existed to get the renegade banks under control — to
> reduce their leverage, their recklessness, and to get their hands out of
> the taxpayers pockets.
>
> That opportunity was squandered, and Obama ended up as a defender of the
> banking status quo.

Exactly.  The bankers are richer than ever at the expense of the common
working man and his job and wages.

regards,
-Lance


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