kind of like the fox guarding the chicken coup, eh?

Protests across the country to limit the power of bankers over our country. We need to get vocal.

ANewWayForward.org

Is Obama complicit in all of this?

How will this affect his presidency?

Are we continuing further down the road to a corporatist (proto-fascist) state as a result?

- and only 'people' like these people knew it ALL before:

http://www.youtube.com/watch?v=vCEkP8XKuJk

http://www.youtube.com/watch?v=1wXMhdNIML4

and THEY knew IT because they never 'politcized' IT as much as the lunatics on the so called right and (so sorry) also on the 'left'!

I saw both programs over this weekend and as usual you uncovered the slimy corrupt Washington district of criminals in our face, what are you going to do about it, mentality.

Their overt stealing is an amazing thing to see and the only thing that is more incredible is that there are not politicians and officials hanging from lamp posts in that place.

but I continue to be apoplectic. It's really going to kill me some day. But this quote I love:

The sheer act of contemplating regulation, they maintained, would cause widespread chaos in markets around the world.

That, combined with the apparently blasphemous notion that admitting that Citi and BofA (to name two) are insolvent, is a guaranteed way to bring down the financial system. There is no end of shenanigans from Obama and Geithner, such as the "stress-testing" of banks, that are no more than sorry sleight-of-hands to misdirect the public from the looting currently underway. And I should add, I suppose, that the Financial Accounting Standards Board (according to Reuters)

voted on Thursday to allow banks to record certain securities on their balance sheets at their market value, but not necessarily their value in a fire sale.

There's nothing like preaching the Gospel of the Free Market until that gospel hammers oligarchic profiteering. Then, by God, that Gospel is tossed aside like a Gnostic apocryphal, only to be amended by a financial version of the Nicaean Council.

All hail the high priests of American finance. Which is to say it's time for a new religion.

Gotta give Obama credit -- he is able to convince hoi polloi he holds a pitchfork at the same time he in fact stands with those who would (and should) be pincushions.

I guess that is what folks like Evan Bayh mean by centrism -- when you hold (or pretend to hold) both positions on an issue, it averages out to the middle ground.

When I was a young man in the late 1960's, there was a now-extinct species known as "The Left." Some of these exotic creatures would bleat out a refrain that went something like, "This country is run by Wall Street." Although I was (and still am) a liberal, I thought these people were basically conspiracy theory screwballs. Now I realize that they were right and that I've been a sucker all my life. The joke's on me. On all of us. We put the foxes in charge of the chicken coop, not understanding that we're the chickens. How stupid is that?

Ayne Rand had these "looters" pegged years ago.

Congrats on the Izzy Award Glenn! Keep up the good work. Bill Black was awesome on Bill Moyers' Journal and you followed up perfectly.

Simon Johnson's article is spot on. "The US financial system is no better than any banana republics'".

Maybe some of this will sink in to the main stream media before it's too late.

Still reading, but I noticed this:

It was Obama, in the wake of various scandals over profligate spending by TARP firms, who pretended [to] ride the wave of populist anger and to lead the way in demanding limits on compensation.

and yet the mainstream media continues to call Obama and congress liberal democrats.

Don't have much time these days, but you hit out of the park and I can't wait to see Moyers. A few brief points:

• If these banks who are saying they want to pay the money back are in such great shape, just pay the money back and shut up about it.

• That thing that "leaked" from Obama's meeting with the banksters last week where Obama supposedly laid down the law to them is just spin to make Obama sound like he is being tough with the bankers. It is very reminiscent of some of the Bush "I'm all over it" characterizations re: 9-11 and Katrina.

• The disconnect between the markets and the economic news is eerie, approaching crazy; it is almost the old cover-the-ears, "la-la-la" mentality when the latest bad news comes out. And the banks are leading the way, fighting self-inspection - the stress tests - like a patient who avoids going to the doctor so as not to hear the bad news; even going so far as to get sympathetic legislators to lean on FASB, the accounting standards people no less, to allow the banks to better manipulate financial statements. (I know there are arguments that this doesn't affect those "in the know" who read these statements, but they are not the only ones who read them. It gives the banks another way to confuse the issue at best.)

I've felt for some time tha Geithner & Co. need to go. The policies are not matching the rhetoric.

"The individuals Obama chose to be his top economics officials embody exactly the corruption he repeatedly vowed to end."

No kidding.

Well, DUH!

Anyone who voted for him thinking he would change things probably thinks the Birth Certificate issue was a joke.

Too late to do anything about it now.

We is screwed.

Glen, how 'bout you and David Boies team up and do something about this. I'll loan you my pitchfork. And I can't wait to have Robin Meade on Headline News tell me all about the battle.

that the government owns Larry Summers, Tim Geithner and Wall Street now - and a few insolvent banks - like in this famous pottery barn rule - and Hey that means that all of us

own a few insolvent banks and a lot of corrupt bankers - and it is all up to us to show our well deserved rage because how is this Pottery barn rule?