Posted on 08/22/2013 10:57:50 AM PDT by Lorianne
The White House issued a statement yesterday on the President’s meeting with the federal agencies that regulate Wall Street. Curiously, the phrase used to describe the agencies was “independent regulators.” The President’s Deputy Press Secretary, Josh Earnest, held a press briefing with reporters yesterday, taking questions on the meeting. In that briefing, Earnest referred to the regulators as “independent” seven times.
If the President now finds it necessary to attempt to brainwash the American public through endless repetition of the word “independent” to shore up sagging public doubt that there are any real cops on the beat when it comes to policing Wall Street, he has no one to blame but himself.
When President Obama appointed Mary Jo White to head the Securities and Exchange Commission (SEC), Jack Lew for U.S. Treasury Secretary, and has floated the idea for weeks that Larry Summers could become Chairman of the Federal Reserve, he critically undermined the already low disregard the public holds toward Wall Street’s regulators.
White came to the SEC in April from the Wall Street legal powerhouse, Debevoise & Plimpton. She wasn’t just any lawyer there; she chaired the Litigation Department where she led a team of more than 200 lawyers defending Wall Street’s too-big-to-fail banks. It was understood that in most of the ongoing cases against the largest Wall Street firms, White would have to recuse herself at the SEC. Can you really call that an “independent” regulator?
(Excerpt) Read more at wallstreetonparade.com ...
And today there is a computer glitch on the NASDAQ?
Coincidence? I think not. A lot of money was stolen today and the regulators all got their cut.
Curiouser and curiouser. Wouldn’t surprise me one bit.
I think zero thinks that Wall Street is a street in Chicago lined with graffiti painted walls.....
So they’re lone-wolf regulators?
Ok, what is the sane, logical explanation? And remember, we are talking Obama and Wall Street...
The first thing you rushed to dismiss. (Which is typical).
Hey, I am just happy you give my kitty a tinfoil hat.
Every time the stock market starts to go South the Gvmnt dips into the TARP money stash and artificially brings it back to positive territory. Be interesting to know just how much private stock has been purchased with all that money over the last five years.
This should make every American feel a sharp stabbing pain in the middle of their backs.
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