Quantcast
Feeds: Email, RSS & Twitter

Get Our Videos By Email

 

8,300 Unique Visitors In The Past Day

 

Powered by Squarespace

 

Search The Archive Of 15,000 Videos

SEARCH THE DAILY BAIL

 

 

Hank Paulson Is A Criminal - Pass It On

"The Federal Reserve Is A Ponzi Scheme"


Get Our Videos By Email

THE FED UNDER FIRE: Must See Clip

Bernanke's Replacement: Happy Hour In Santa Cruz

Must See: National Debt Road Trip

"Of Course We're Not Going To  Payback the Chinese."

Dave Chappelle On White Collar Crime

Carlin: Wall Street Owns Washington

SLIDESHOW - Genius Signs From Irish IMF Protest

SLIDESHOW - Airport Security Cartoons - TSA

Most Recent Comments
Cartoons & Photos
SEARCH
« Friday Morning Reading (National Debt Crosses $13 Trillion) | Main | JP Morgan Hit With Largest Fine In UK Banking History For Mixing $23 Billion Of Clients Money With Its Own »
Friday
Jun042010

The Volcker Rule Is Now The Volcker Suggestion -- Grading Obama On Wall St. Reform (Ratigan & Spitzer CLIP)

Video:  Dylan Ratigan with Jonathon Alter & Eliot Spitzer -- May 28, 2010

It's a beautiful thing.  Larry Summers and Tim Geithner get pretty much all the blame.  And the Volcker rule ain't happening:

  • "The current provision is more like the Volcker weak suggestion than the Volcker Rule."
  • "Will we see President Obama stand up against bank lobbyists or will he ultimately hide behind the political expediency and convenience of perpetuating this infinitely leveraged, non-transparent system because he's afraid to take the risk of actually fixing it?"

 

 

---

Screenshot

 

 

 

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments (3)

Let's not pretend that any of this is about financial reform. They should call it what it is: The Financial FALSE SENSE OF SECURITY Bill.

They want to say "look what we did!" Bullshit

The financial system was infinitely better off fifteen years ago before the repeal of Glass-Steagall, before the exemptions on leverage limits and before the removal of the uptick rule. These clowns will never admit that they were wrong so there is no chance they can reform the system.

1) The system wasn't broke - they broke it
2) You can't fix something if you're being fundamentally dishonest about why it's broke.
Jun 5, 2010 at 12:18 AM | Unregistered Commentermark mchugh
Good post Mark. It takes years and many hands in the batter to f@ck a cake up this bad.
Jun 5, 2010 at 7:27 AM | Unregistered CommenterS. Gompers
nice point mark...
Jun 5, 2010 at 9:30 PM | Registered CommenterDailyBail

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
All HTML will be escaped. Hyperlinks will be created for URLs automatically.