That “financial regulation reform bill” that’s supposedly starting to work its way through Congress? It ain’t such a thing at all. It would allow Tim Geithner or future Treasury Secretaries to make Hank Paulson look like a TARP piker.
Why? The new bill, which Rep. Brad Sherman called “TARP on steroids” would allow TARP-type bailouts with no Congressional approval and no maximum dollar amount.
As somebody else said, President Barack Obama is a socialist indeed — a Wall Street socialist.
A skeptical leftist's, or post-capitalist's, or eco-socialist's blog, including skepticism about leftism (and related things under other labels), but even more about other issues of politics. Free of duopoly and minor party ties. Also, a skeptical look at Gnu Atheism, religion, social sciences, more.
Note: Labels can help describe people but should never be used to pin them to an anthill.
As seen at Washington Babylon and other fine establishments
November 01, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment