Bill Moyers interviews Matt Taibbi (RollingStone) and Yves Smith (NakedCapitalism). Matt and Yves are extremely bright and well informed regarding the financial sector. The two of them have obvious respect for each other and come at the banking industry from different perspectives but arrive at the same point.

Having the President of the United States in their corner, publicly and resolutely stating that the “stuff” banks did “wasn’t necessarily illegal,” may not give a great deal of aid and comfort to middle-class Americans who saw their real estate wealth evaporate. It may not comfort folks illegally evicted from their homes, or those illegally foreclosed upon.

Obama’s words must comfort the comfortable most of all.