Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
All Measures to Combat Global Warming Are Smoke and Mirrors! - 18th Apr 24
Cisco Then vs. Nvidia Now - 18th Apr 24
Is the Biden Administration Trying To Destroy the Dollar? - 18th Apr 24
S&P Stock Market Trend Forecast to Dec 2024 - 16th Apr 24
No Deposit Bonuses: Boost Your Finances - 16th Apr 24
Global Warming ClImate Change Mega Death Trend - 8th Apr 24
Gold Is Rallying Again, But Silver Could Get REALLY Interesting - 8th Apr 24
Media Elite Belittle Inflation Struggles of Ordinary Americans - 8th Apr 24
Profit from the Roaring AI 2020's Tech Stocks Economic Boom - 8th Apr 24
Stock Market Election Year Five Nights at Freddy's - 7th Apr 24
It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- 7th Apr 24
AI Revolution and NVDA: Why Tough Going May Be Ahead - 7th Apr 24
Hidden cost of US homeownership just saw its biggest spike in 5 years - 7th Apr 24
What Happens To Gold Price If The Fed Doesn’t Cut Rates? - 7th Apr 24
The Fed is becoming increasingly divided on interest rates - 7th Apr 24
The Evils of Paper Money Have no End - 7th Apr 24
Stock Market Presidential Election Cycle Seasonal Trend Analysis - 3rd Apr 24
Stock Market Presidential Election Cycle Seasonal Trend - 2nd Apr 24
Dow Stock Market Annual Percent Change Analysis 2024 - 2nd Apr 24
Bitcoin S&P Pattern - 31st Mar 24
S&P Stock Market Correlating Seasonal Swings - 31st Mar 24
S&P SEASONAL ANALYSIS - 31st Mar 24
Here's a Dirty Little Secret: Federal Reserve Monetary Policy Is Still Loose - 31st Mar 24
Tandem Chairman Paul Pester on Fintech, AI, and the Future of Banking in the UK - 31st Mar 24
Stock Market Volatility (VIX) - 25th Mar 24
Stock Market Investor Sentiment - 25th Mar 24
The Federal Reserve Didn't Do Anything But It Had Plenty to Say - 25th Mar 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Banksters Buying Love

Politics / US Politics Sep 25, 2012 - 12:07 PM GMT

By: Money_Morning

Politics

Shah Gilani writes: Remember Tim Pawlenty, the former two-time Governor of Minnesota?

Remember when he made a bid for the Presidency this go-round, but bowed out after a poor showing in Iowa?


Remember that during his brief run he acted like he was a Wall Street critic, admonishing the Street to "get its snout out of the trough?" Remember that?

Remember that T.P. became national co-chair of Republican presidential candidate Mitt Romney's run for the roses?

Do you remember that T.P. was a top contender for the V.P. slot that eventually went to Paul Ryan?

Don't worry if you don't remember any of that stuff about T.P. because none of his past politics matter (he's a Republican don't you know?) now that he has a new job.

Oh yeah, with less than 45 days before his buddy Mitt faces off against a resurgent incumbent named Obama - you probably don't remember because it just happened a few days ago - T.P. quit the campaign for a new gig.

You can't blame him. Everybody loves money, and the lure of a reportedly near $2 million salary is mighty enticing. So he took the job.

Guess what he's up to now?

Tim Pawlenty will be the new CEO of the Financial Services Roundtable.

Remember what they do? They're about a 100-strong gang of mega banks, insurance juggernauts and other "financial services" super novas that just want a little love down in Washington.

The Roundtable, don't you know, is the place where they pound their fists and wage their wars against the regulatory machinery that's mucking up the wheels of our economy and preventing all those poor unemployed folks out there from getting jobs that the Knights of the Roundtable would finance as they crusade across America, sprinkling credit dust wherever financing is needed for buying something, anything.

And obviously, they're willing to pay for that love by loving a guy who can claim he's been for Wall Street cleaning up its dirty act. What a great cover.

What a great American.

Speaking of great Americans who are all about protecting us from the ravages of a Street rampage, Scott Brown, remember him? He's the Republican Senator from Massachusetts who is proud of the fact that he says he cast the deciding vote to pass Wall Street's worst nightmare, the Dodd-Frank Act. He's helping himself - and us - again.

Scotty Brownose has quietly, behind the scenes, through his staff, been lobbying the Treasury and the Federal Reserve about easing up on the still-being-written Volcker Rule.

Brownose has constituents in Boston, don't you know, and they are some pretty heavy-hitting financial services types. They aren't friends of the Volcker Rule, which might restrict them from playing the markets with customers' funds for the benefit of their bonus pools.

Just another great American.

What I love is how everyone thinks that there's no compromise in politics, when there is apparently nothing but compromise.

As long as we the people and our futures are compromised by the politicians that lead us like Knights of Darkness, we will eventually get out of the mess we're in and see the dawning of a new day. A day where there's nothing but love and credit for everyone who can be bought and sold.

Just like the American Dream.

Source :http://moneymorning.com/2012/09/25/who-says-money-cant-buy-you-love-not-the-banksters/

Money Morning/The Money Map Report

©2012 Monument Street Publishing. All Rights Reserved. Protected by copyright laws of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), of content from this website, in whole or in part, is strictly prohibited without the express written permission of Monument Street Publishing. 105 West Monument Street, Baltimore MD 21201, Email: customerservice@moneymorning.com

Disclaimer: Nothing published by Money Morning should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investent advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication, or after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended by Money Morning should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.

Money Morning Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in