On Fri, Jan 22, 2010 at 10:20 AM, Doug Henwood <[email protected]> wrote: > On Jan 22, 2010, at 9:28 AM, Louis Proyect wrote: > >> Buried within this article about the attitude of the financial community >> toward Obama's new found "populism" is this: "The Buckingham Research Group >> estimated that the new rules would reduce revenue at Citigroup, Bank of >> America and JPMorgan Chase by less than 3 percent. Goldman Sachs, which >> typically derives a tenth of its revenue from such trading, said it would be >> able to contend with the new rules." > > The administration's own press release on the proposal said that banks could > continue to trade if they certified it was for customers. That's a loophole > that the banks and their lawyers could drive right through.
In other words, you will take every datum and interpret it in the most cynical way possible until it conforms to your pre-conceived idea that Obama is irredeemably a stooge for the rich? I mean, the guy finally (FINALLY!) does something that can be regarded as truly progressive, makes himself some extremely powerful enemies and matches it with fighting words and your response is ..... a casual dismissal? He can't win, can he? -raghu. -- Seeing is deceiving. It's eating that's believing. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
