Newsweek exposes why Obama DOJ won't bring Wall Street to justice. Foul play at the highest levels.

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    May 08, 2012 2:10 PM GMT
    Eye opening story on why the Obama populist tone favoring the 99% is not much more than rhetoric. Does this shatter the Democratic theme that Republicans are in bed with Wall Street and that they are champions for the people? This from Newsweek could be another nail in the coffin.

    http://www.thedailybeast.com/newsweek/2012/05/06/why-can-t-obama-bring-wall-street-to-justice.html

    Despite his populist posturing, the president has failed to pin a single top finance exec on criminal charges since the economic collapse. Are the banks too big to jail—or is Washington’s revolving door at to blame? Peter J. Boyer and Peter Schweizer investigate:

    * Obama’s 2009 White House summit with finance titans, in which the president warned that only he was standing "between you and the pitchforks"

    * Why, despite widespread outrage, financial-fraud prosecutions by the Department of Justice are at 20-year lows

    * Attorney General Eric Holder’s lucrative ties to a top-tier law firm whose marquee clients include some of finance’s worst offenders

    * How Obama’s trumpeted “task force” for investigating risky mortgage lenders—announced in this year’s State of the Union speech—is badly understaffed and has yet to produce any discernible progress

    With the Occupy protesters resuming battle stations, and Mitt Romney in place as the presumptive Republican nominee, President Obama has begun to fashion his campaign as a crusade for the 99 percent--a fight against, as one Obama ad puts it, "a guy who had a Swiss bank account." Casting Romney as a plutocrat will be easy enough. But the president's claim as avenging populist may prove trickier, given his own deeply complicated, even conflicted, relationship with Big Finance.

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    May 09, 2012 1:41 AM GMT
    Subsequent reports indicate this is shaping up to be a huge story.
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    May 09, 2012 4:08 AM GMT
    icon_lol.gif So Obama's a crazed socialist except when he lets the capitalists go free?

    You all need to get your talking points together.
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    May 09, 2012 5:00 AM GMT
    Christian73 saidicon_lol.gif So Obama's a crazed socialist except when he lets the capitalists go free?

    You all need to get your talking points together.


    Crony capitalists have more in common with socialists/socialism than capitalists have with crony capitalists. Have you not read Animal Farm comrade?
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    May 09, 2012 8:15 AM GMT
    Christian73 saidicon_lol.gif So Obama's a crazed socialist except when he lets the capitalists go free?

    You all need to get your talking points together.

    A socialist who is corrupt will let capitalists go free if the capitalists are funneling money to him. You have been avoiding commenting on this.

    http://www.realjock.com/gayforums/2350545
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    May 09, 2012 10:15 AM GMT
    riddler78 said
    Christian73 saidicon_lol.gif So Obama's a crazed socialist except when he lets the capitalists go free?

    You all need to get your talking points together.


    Crony capitalists have more in common with socialists/socialism than capitalists have with crony capitalists. Have you not read Animal Farm comrade?


    Given the incessant whining from bankers (and you and the conservaposse) about Obama's being so mean to businesses, you'd probably have claimed he was the Manchurian candidate if a single banker did a perp walk.

    Do you have ever tire of your own hypocrisy?
  • GQjock

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    May 09, 2012 11:27 AM GMT
    SoCal ... Are you on CRACK???


    Who do YOU THINK Voted IN UNISON against the Financial Reform Bill ?
    Who has received the MOST money from financial and banking institutions?

    Obama needs to do MORE to bring these crooks to justice but he first has to fight a BARRAGE of opposition FROM YOUR PARTY

    icon_rolleyes.gif
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    May 09, 2012 5:06 PM GMT
    Obama can talk a good talk, but he cannot deliver.

    He's gotta be able to do both to be of any use.

    To me, he's a great disappointment.