Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Having him rise to the White House at a time when a more populist Democrat might have had a big financial sector CEO perp walk a week to placate white resentment in 2009 was a bonus.

Regulatory forbearance was probably seen as implicitly promised by Obama in the regular conversations he had with his Wall Street backers. But in the bargain they also got legal forbearance. In for a penny, in for a pound. He would be far from the first politician to buy into supporting the money people all the way. So Wall Street gets unconditional love when what the country and the people need is for them to get tough love. Obama is no Roosevelt by any stretch of the imagination.  

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Jul 30th, 2013 at 05:54:36 PM EST
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