Matt Tabbai tells who created the $$$$ mess...bet you won't be surprised.

[dixiegrrrrl]

I recommend checking out the related clips, too.

http://www.youtube.com/watch?v=G4it-Fs8RLw&feature=player_embedded#

[midnight]

1. I wish I could K&R this a dozen or more times. When are we going to realize

these mechanisms are permanent, and that we have been HOODWINKED. For those who play chess. Check Mate!

[gateley]

2. The mess had its genesis years ago as we all know, but I agree with Taibbi that

Obama certainly brought in some Wall-Street-Big-Business-Friendly people to "help us" to no avail.

I remember Chris Dodd coming before the cameras, almost hyperventilating, saying unless we acted and bailed out, our country could collapse in a matter of days - hours! I've pretty much always trusted and believed Dodd and it really bothers me that he presented it this way.

And I just get so confused about Obama. I honestly believe he wants what's best for us all, that he's a good man, that he cares, yet his appointments and actions make me feel as though I'm observing a Jekyll and Hyde.

[dixiegrrrrl]

3. The Jekyll and Hyde feeling comes from

cognitive dissonance, which is a fancy term for:
"Who you gonna believe, me or your lying eyes?"

I have learned, after 6 decades on this planet, to believe what people do, not what they say.
What I am seeing is NO regulation, and that the The "Fed's policy, ratified by the government playing handmaiden with them (and they to The Government) has been to guarantee credit expansion and support only for large financial institutions."
( stole that from Denninger this am, I did)

[gateley]

7. Yes - you're right. Always good to remember and remind myself: Believe what

they do, not what they say.

Checking out the link now -- I know it'll get my blood pressure sky-high. :hi:

[lxlxlxl]

4. its campaign finance reform or nothing...be a materialist.

obama and the 2008 campaign COULD NOT have been about campaign finance reform. there were too many issues on the table to begin with.

we need to sustain a Dem / Progressive control of the WH for at least one more term to get any meaningful changes in how much our government relies on money in elections.

i personally don't blame obama, or think he's a traitor. i'm a materialist first, which is something i've found to be useful these days.

[gateley]

8. I so agree on the campaign finance reform.

And I'm pretty much a realist, but the perks THEY are getting are just so proportionately out of whack from what WE'RE getting. I've no doubt they probably had to be pacified somewhat, but jeez...

[scummyjob]

12. Jekyll Hyde

There is the Obama brand - what he tries to say he is- and what he actually does.

[slipslidingaway]

5. knr nt

[housewolf]

6. It becomes more and more clear to me that the President doesn't run the country

but that there are other forces that are ultimately running some of the major sectors and limit the power of the presidency. Who are they? I'm not sure, but I suspect NSA is one of them. Wall Street and/or the Fed might be another. Whoever they are, they seem to be single-minded and heartless.

[pleah]

9. K&R

[DemReadingDU]

10. no, not surprised

good interview

[mother earth]

11. Just listened to this at RawStory. Taibbi is great. This is

a damned failed democracy.

[dixiegrrrrl]

13. Painfully sad realization, isn't it?

I have heard several people say they feel like they are in mourning after realizing what is really going on.
sigh.

[mother earth]

14. Seems when we "won", we thought we could begin anew and

set things right....we've a long way to go. But, with men like Taibbi & Scahill, all is not lost, and then we have good men like Dean, Sanders, Kucinich too. It is becoming clearer each day who the true men of the people are.

[IrateCitizen]

15. All democracies and republics in history have failed, eventually.

We just happen to be living at a time where ours is on the inexorable road of decline.