Ratigan And Sanders "We're An Oligarchy And It's Getting Worse"

Dylan Ratigan and Berney Sanders do a great summary of the various parallel amendment attempts to put some teeth into Dodd's joke of a bill. Ironically, as misguided as it is in most regards, at least Merkel's "reform" showed the kind of conviction that Dodd and his mostly incompetent colleagues will never be able to muster, as they scramble all over each other to collect the scraps that Wall Street has promised them so long as Goldman can generate annual revenues of $60 billion and above. And since our politicians would make the Amsterdam Red Light district blush, you can bet the end results of the Senatorial corruption will be unprecedented, resulting in a bill that achieves the opposite of what it is intended to do: i.e., make banks even stronger and gives the Fed even more power. Which is why any debates about the merits of Merkley-Levin or blah-blah are pointless. The only final arbiter in the reg reform issue will be the market itself, which will resolve everything the second it crashes once and for all. And judging by the size of the carry unwind currently occurring, we may not have to wait long. Which is why we think that Angela Merkel may have brought about the unwinding of the market that will be the one real catalyst to any real reform: after all, for people to express any interest in what is going on in Wall Street's Washington branch, people will have to lose everything... again. As Senator Sanders says, the American people have got to stand up. He is right, however the only thing that will wake America out of its slumber will be one more terminal crash, the one that corrupt and busted finreg reform was supposed to prevent.


http://www.zerohedge.com/article/ratigan-and-sanders-were-oligarchy-and-its-getting-worse

Video at link

Some of his material is so anti-corporate that it makes me wonder why GE-MSNBC keeps him on the air?

Progressives better get this man some ratings. The American people need a guy like this to represent us on MSM!

-90% Jimmy

He might be a pre-1980 conservative or some hybrid libertarian leaner but he is the only one in the corporate media including Keith and Rachel that ask tough questions and hammer away at the truth of corporate capture of our government which makes him closer to our side than many a supposed Democrat.

Business Organizations and campaign donations are creating the oligarchy by putting all the power in the hands of community leaders and elected officials. You allow a corrupt system to be fostered between the two and you'll find even lawyers willing to lie to members of the public in order to keep their corrupt activities a secret.

Lawyers and lawyers who lie is redundant.

They aren't listening.