General Discussion
In reply to the discussion: With all the corporate political contributions, why aren't stockholders hitting the ceiling? [View all]JackRiddler
(24,979 posts)"the onerous regulations they now have."
Note: I don't do ROFL smilies. But if any post has ever earned them!
The Wall Street banks only exist today, and can only continue their perpetual extraction of profit out of the productive economy and subjugation of whole nations to debt slavery, because after the Bush regime started the rescue package to keep the criminal banks in business, the Obama administration continued and expanded on it: AIG, Citi and BoA bailouts, TARP, support for the Fed unlimited self-service windows, allowing guaranteed interest rate arbitrage (loans to banksters at 0%, government bonds at 3-6&), taking hundreds of billions in private toxic assets into the public sector, appointments of Wall Street stooges to all key economic positions, reappointment of Bernanke, and, of course, since the spring of 2009 suspending mark-to-market (officially ending capitalism as it applies to capitalists, although of course it still applies to the rest of us patsies).
Just you wait. The learning curve is accelerating. I wonder what Goldman and Co. will do later this year, when 200,000 people are marching in downtown Manhattan, chanting "Mark to Market! Mark to Market!"