TV News LIES

Thursday, Apr 30th

Last update08:54:14 PM GMT

You are here News Politics Instead of Real Financial Reform, Obama’s Plan capitulates to Wall Street

Instead of Real Financial Reform, Obama’s Plan capitulates to Wall Street

E-mail Print PDF

It is supposed to be the Treasury’s role to represent the public interest. Unfortunately, appointing Treasury Secretaries from the ranks of Wall Street management – or giving Wall Street veto power over the nominee – undermines this mission. Elsewhere in what is supposed to be the regulatory system of public-private checks and balances, the simple tactic of underfunding the criminal justice system, the FBI, state and local prosecutors – or actively blocking them, as George Bush did – leaves the economy without adequate protection against financial fraud and predatory credit. Putting the Congressional financial committee heads up for sale to the highest campaign contributors caps the process of transforming economic democracy into oligarchy.

More...


Most Recent Related Stories...


A day of loss for our democracy’: civil rights groups slam supreme court ruling that weakens key part of Voting Rights Act

SCOTUS decisionToday, the supreme court’s conservative majority struck down a major element of the Voting Rights Act...

Virginia Supreme Court leaves order temporarily blocking redistricting certification in place

Va. SCThe Virginia Supreme Court will allow a lower court order temporarily blocking the commonwealth from certifying...

Federal Appeals Court Won't Rehear $83M Verdict Against Trump

Jean CarrollA divided federal appeals court said Wednesday it will not grant a rare meeting of its...

Supreme Court sides against Black voters in blow to landmark civil rights law

AlitoThe Supreme Court on April 29 threw out a congressional map in Louisiana that had been...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!