Here’s a great 30 minute seminar from Bill Moyers’ Journal last week with Savings and Loan crisis expert William Black on Big $hitpile and the Wall Street Banksters inside and outside the Obama administration who are hoping we all just clap louder so that tinkerbell our economy doesn’t die. There are three YouTube clips here–you will want to hear Black’s comments as to why General Motors (and its unionized workers) have to eat their previously negotiated contracts, but investment banks on welfare don’t:
Don’t miss Black’s parting shot at Tim Terriffic in the last 15 seconds of the third video: “And by the way, the folks who are the better regulators? They pay their taxes, so you can get them through the vetting process a lot quicker.” Ahem. We stand by our judgment on L’il Timmy Geithner from the start. Chalk it up to Historiann’s “Broken Windows” theory of adulthood: if a guy isn’t paying taxes, he’s schtupping the nanny, and probably up to even worse. On what planet does a guy with his disasterous record get the keys to the U.S. Treasury department? And what would many of you Dems say if this guy was a Republican president’s pick?