Cenk Uygur (host of The Young Turks) filling in for Dylan Ratigan on MSNBC talks to Robert Scheer (author of The Great American Stick Up) about President Obama’s remarks at a fundraiser in hedge fund country where he mocked derivatives reform and suggested he deserved more credit for the passed financial reform bill. www.truthdig.com
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As a key committee in the Senate takes up reforming the ways of Wall Street, the President lays down a marker: I urge those in the Senate who support these reforms to remain strong, to resist the pressure from those who would preserve the status quo, to stand up for their constituents and our country. And I promise to use every tool at my disposal to see these reforms enacted: to ensure that the bill I sign into law reflects not the special interests of Wall Street, but the best interests of the American people.
Gordon Brown & Henry Paulson are blaming speculators ( scapegoats ) for the economic crash, the ban on short selling does not stop the fall of bank stocks because investors are dumping their own bank stocks, the current free market capitalist system is not “free” but rigged by those in power ( deregulations ), martial law, hyperinflation, the collapse of the financial systems looks like a controlled demolition, the “paulson plan” 700 billion bailout is a financial power grab similar to the patriot act, the unregulated banking system of derivatives is called the shadow banking system, recorded on September 27th 2008 . . . the whole audio is at . . . karmabanqueradio.com … … …