![It doesn’t address the problem that led to the financial meltdown and that problem can be addressed I think in conservative ways, through bankruptcy law and possibly through breaking up the banks. I think Republicans do need to be a little radical on their side in thinking through what the right solution is, but I’m not so convinced as everyone else that President Obama just gets to say Goldman Sachs bad, this bill anti-Wall Street. Everyone support this bill.
…“They [Republicans] should think about breaking up the banks.” - Bill Kristol
video - crooksandliars](http://25.media.tumblr.com/tumblr_l14yoajauh1qz80pso1_500.jpg)
It doesn’t address the problem that led to the financial meltdown and that problem can be addressed I think in conservative ways, through bankruptcy law and possibly through breaking up the banks. I think Republicans do need to be a little radical on their side in thinking through what the right solution is, but I’m not so convinced as everyone else that President Obama just gets to say Goldman Sachs bad, this bill anti-Wall Street. Everyone support this bill.
…“They [Republicans] should think about breaking up the banks.” - Bill Kristol
Today the St. Louis Fed released its latest monthly look at commercial and industrial loans at major banks — a measure that some would say represents the essence of the US banking system.
As you can see, this measure is still falling like a knife — a bad sign for the ongoing health of the economy. (And also not what we were promised when we bailed out the banks.)
Rolling Stone’s Matt Taibbi walks through Barack Obama’s banking sellout, beginning with the president’s transition team. According to Taibbi, Obama’s transformation from populist to Wall Street’s best friend started on day one.
Matt Taibbi: Obama’s Wall Street 180 Started on Election Day
truthdig via am760
In Too Big to Fail: How Wall Street and Washington Fought to Save the Financial System — and Themselves, this picture is included of a banker’s license plate that was made as a joke after the financial crisis.
via dailykos via Andrew Ross Sorkin
“We appreciate the critical role that the U.S. government played last fall in helping to stabilize financial markets, and we are pleased to be able to fully repay the investment, with interest,”
Kenneth D. Lewis, current chief executive of Bank of America
