"By preventing default we helped AIG meet it's financial obligations,
not just to peopleabroad
, insurance protection, savings protection products, but to its broadcounterparties." (author's emphasis) (Starts 4:07)Warren has been challenging Geithner and the socialism for the rich program known as
the bailout from her first days as chair of the Congressional Oversight Panel monitoringthe bailout. Now we're expected to believe that she will be given real authority toadvocate for the people in an
capacity while reporting to Geithner, as well asPresident Obama. We are asked, further, to believe that Obama couldn't get thenomination approved by the Senate and that he couldn't appoint her as the consumer bureau's interim director.The people know a fraud when they see it. This one is in sharp relief against thebackground of the great wealth transfer program from just about everybody to the self-selected few who own the controlling interest in the executive, legislative, and judicialbranches of our government.
The Democratic Party as "The Cooler"
We've entered an extraordinary era in U.S. politics. The financial and power elite are nowin a no lose situation. The Republicans are in full lock step with the rigged game for thesuper rich. This includes relentless anti-union activities; the continuation of the sameWall Street practices that toppled the financial system; a failure to relieve people losingretirements, homes, etc.; and, an economy dependent on wars of any type. Despite their numerical superiority in the Senate, the Democrats claim that they just can't get anythingpassed without 60 votes, no way around it. That, of course, is fiction. The end result is
, and the continuation of failed policies with a few cosmetic changeson the margins.Rather than acting like a real opposition party, the Democrats enable the worst excessesof the Republican era of greed by their failure to undo those excesses. They pawn tepid"reform" and then run to their corner begging for mercy from the people who electedthem to bring real change and some degree of social justice.In the case of Warren, a fake drama was created whereby the White House could getcredit for appointing Warren for full Senate approval while snatching back both thatappointment and an interim slot; all in the name of political necessity. Whose necessity?Who benefits?All involved in this destructive drama should be ashamed. But they won't. They don'tcare because they don't have to care. They're above the law and the real worldconsequences of a truly open political system.Chalk it up as another big triumph of The Money Party.END