Observe:
the health care deliberations and the response to
the banking fiasco run parallel to each other
lavish deals for the health insurance cartel,
the taxpayer paying for all less desirable
customers who might in any way threaten
preferred medical loss ratios

the banks:
they get the benefits from unrestratined
risk-taking while the taxpayer pays for the
inevitable fiascos, the cookie jar always
open since the banks are TBTF, that in
itself also disadvantaging the regional
banks.

Britain has already declared they will be
breaking up banks seen heretofore as
too big to fail.

And the sellouts directly jeopardize
recovery and risk a renewed crisis.

http://www.msnbc.msn.com/id/31510813/ns/msnbc_tv-morning_meeting#33602617

http://www.msnbc.msn.com/id/31510813/ns/msnbc_tv-morning_meeting

http://sites.google.com/site/evernewecon

Mr. Summers and Mr. Geithner (and Mr. Obama) are scared to death that Wall Street will collapse at any moment. They want the surviving firms to be able to make profits at something, anything. The DJIA just topped 10,000 but based on what? Companies are still laying people off, going bankrupt, and houses are still being foreclosed. Several of the giants of Wall Street have been reporting record profits, profits from what activity? What are they buying or selling that is so profitable? It seems likely that these huge profits and stock value gains are just more of the same high risk Ponzi schemes and shell games that lead to last years melt-down. It is possible that the people in Washington are well aware that the big players on Wall Street are “gaming the system” but they fear that there is no other sources of profits. What would happen if AIG or one of the other “whales” stopped these high risk financial games, where would they make their profits? Buying and selling stock in GM or Chysrler? The game my be crooked but it is the only game in town.

They can’t, i would imagine, marginalize him in discussions quite so easily and thus he must present a very annoying threat to their legitimacy. I picture them shooting the shit over martinis at some swank DC cigar bar, presenting each other brochures of Sunny Pastures, Shady Pines and other homes to which they dream about sending Volcker.