Now Wall Street is a crisis again
Tuesday, April 27th, 2010Team Obama (Organizing for America) sent out an E-Mail tonight stating, “Both parties have worked for months crafting a bipartisan Wall Street reform bill. But, just hours ago, Senate Republicans — including Senator George LeMieux — voted for a second time to protect their allies on Wall Street and block reform.”
Of course the “reform” does nothing about the causes of the recession that helped get Obama elected. It does nothing about Fannie Mae and Freddie Mac, who acted on behalf of Democrat Congressmen, paid their officers (mostly Democrat politicians) millions of dollars, causing the housing bubble and bust.
Why isn’t Team Obama telling us that when they punish Wall Street, the punish pension funds, 401K’s, 403B’s, and IRA’s?
I think it is great that one Democrat sided with the Republicans (and two were nowhere to be found) preventing movement of this ill conceived bill.
Of course, it was just a coincidence that the SEC (Securities and Exchange Commission) narrowly voted to press charges against Goldman Sachs as the bill came up for a vote. Just like it is a coincidence that Obama was on the board of directors of the Joyce Foundation when it funded the Chicago Climate Exchange. Just like it is a coincidence that Goldman Sachs bought a 10% share of the Chicago Climate Exchange. Just like it is a coincidence that the Climate Change bill will make the Chicago Climate Exchange and Goldman Sachs a lot of money.