So far- according to Senator Durbin and from Obama’s reliance on Goldman Sach’s figures and ideas- the ‘battle’ has been fought and lost.

Perino, the author of the Pecora bio, seemed to get a bit sketchy whenever the subject of accountability came up, IMO.

The foxes built the hen house, made the locks and installed them, and have the only keys.

Great read Mr. Anderson, I look forward to more of how we are ignoring history, a history that could save us today, if our leaders weren’t completely bought off and paid for.

Harumph.

Rather than act, the dour Hoover preferred to sit and stew.

At least we don’t have that to deal with today.

This is snark, right? Obama has a stimulus that is half the size or less of what’s needed and it produces at best less than a third of the jobs it needs to. He has made no serious effort to help homeowners. And Geithner’s PPIP and TALF are insane giveaways which reward the same crew of fools and idiots who produced this mess.

The Fed today was already seeing light at the end of the tunnel. But this is mostly wishful thinking on the part of an institution that has a long history of seeing what’s not there.

Obama’s plans should have some moderating effect mostly in 2010 but what Team Obama is not talking about is where we will be in 2011, and at the moment that looks like where we are now only deeper in depression and debt.

But the finance sector get to aggregate huge amounts of cash and then can exert enormous power. They then can leverage, it loan it at interest and create all sorts of “financial products” so that people can make money with their money. That’s what wealth is. You have lots of money which is working for you making more money. That is the hook which everyone seems to bite. When John Q public has savings or whatever it is “invested” with Wall Street. John Q wants his money to grow, and when the banksters can do it they extract fees from all the investors, and pay themselves handsomely.. small fees add up to large fees… and when they do large transactions which they lovvvvvvvvvvvvvvvve to do they get enormous fees for one deal. So they aggregate all the small bits into larger chunks and play with them to make deals and money. The entire system is corrupt and perverse.

Why do we need to have our savings grow? Well for one, because of inflation. So why don’t we control inflation for starters?

Inflation is the little cousin to the bubbes we’ve read about. When things inflate we can cash out!

For starters we need to get off the idea that wealth is something to worship. Wealth creation SUCKS because it does it on backs and sweat of the workers and it’s called profit.

I don’t know the answer but you can see how the system is serving those at the top and taking from those at the bottom. And those at the top control the government so it’s not likely to change.

It is at this point where politics intervenes. Is “Let’s look forward” Obama going to back a real investigation? He can’t even bestir himelf to investigate torture. Too distracting, you know.

Is Harry Reid? If you answer yes, I have some real nice marine property in the Gulf of Mexico that I don’t own that I would like to sell to you.

Is Pelosi? For someone who leads while we merely advocate, she sure has not led on the economy from what I’ve seen.

What about Frank or Dodd, you ask? I doubt they want to share the spotlight or give up their monopoly on pointless hearings.

So would I like to see a real investigation? You bet. Do I expect one? You have got to be kidding me.

And while I do not think there would be currently any similarly composed plot or marches, I do think PresBO said it himself when he said [paraphrase] that ‘dealing with those bankers who had strapped an IED on themselves was frustrating.’

Beyond frustrating if you ask me.