Wall Street Pay Cuts? White House Plan Has Loopholes

by Rich Blake, ABC News
The details of the Obama administration’s efforts to curb excessive compensation on Wall Street emerged Thursday, with dual announcements from pay czar Kenneth Feinberg and the Federal Reserve Board. And while the potential loopholes do not appear large enough to drive the proverbial armored truck through, the securities industry is already [...]

US bankers cash in despite phony pay restraint

by Patrick Martin, WSWS
The executive pay regulations announced Thursday by the Obama administration’s “pay czar” and the Federal Reserve represent a cynical attempt to placate public outrage over Wall Street bonuses while allowing the financial speculators to continue awarding themselves multi-million-dollar compensation packages.

First of All… He Does Lie. Second… You SHOULD have Called Bush a Liar

by Scott Creighton
All Lit Up with No Place to Go
The fake progressive blogosphere is lit up today over the republican lawmaker who had the audacity to yell out “You lie!” during Obama’s speech last night. And that is just as they want it because the Obama/DLC/Clintonista White House certainly appreciates a good distraction when they [...]

Barack O’Bush to Boost 401(k) Enrollment for Wall Street

by Scott Creighton
The Obama administration’s hypocrisy is absolutely breathtaking.
At a time when the “adjusted/new math” unemployment numbers  show that there are more people out of work than there have been since 1983, and the major banks are consolodating even more power through control of the market shares via the government’s many varied bailout schemes, Barack [...]

Quarantine: The Global Element of the Healthcare Debate

by Scott Creighton
Let’s stop kidding ourselves.  We are a sick nation.
If we stay on the course we are on, desperately begging corrupted politicians for some political solution, the health care “reform” bill will pass and it will do so without a “viable” public option (phony corporate-run “co-ops” not withstanding).  The multinational insurance industry and the [...]

The Obama opiate: Crisis deepens, crowds cheer

(now that we are done with the FAKE DISSENT, let’s get back to the real threat)
by Larry Chin, Global Research
Six months since taking the reins, the Barack Obama administration has met its primary objective. It has swiftly ramped up the murderous imperial agenda inherited from Bush-Cheney while the masses, pacified and deceived by the appeal [...]

Spitzer: Federal Reserve is ‘a Ponzi scheme, an inside job’

by Daniel Tencer, Raw Story
The Federal Reserve — the quasi-autonomous body that controls the US’s money supply — is a “Ponzi scheme” that created “bubble after bubble” in the US economy and needs to be held accountable for its actions, says Eliot Spitzer, the former governor and attorney-general of New York.

Hank Paulson Gets Raped

Ex Treasury Secretary, Henry Paulson, gets taken to the woodshed. Watch him babble and twist as he is absolutely grilled Congressmen Sterns. Of course, it’s all meaningless posturing now; they should have done this to Paulson in early 2008 or at least before everyone rushed to hand the bastard the 750 billion dollar TARP money.  [...]

Is Tim Geithner the Sugar-Plum Fairy?

by Scott Creighton
The people are getting angry while their wealth is vanishing right before their eyes.  So here comes Geithner to announce he wants some new regulatory powers.  Good timing huh?
The 401k plans that people were conned into thinking were a good alternative for retirement savings, withered on the vine before they could cash them [...]

Wall Street hysterics over the AIG bonus bill

(“… as bad as McCarthyism“.  It is possible that they will use this new public outrage over the wealth redistribution efforts, to create a new “McCarthyism” scare in the public, once again, demonizing “socialist” or populist ideals.  “… economic adviser for Vice President Joe Biden, said on Sunday that the House bill (limiting executive bonuses) [...]