A FREE LUNCH DIVIDED AGAINST ITSELF CANNOT BE DIGESTED
The speech will have five main points: Protecting taxpayers when large financial firms fail; limiting the amount of risks taken on by banks; setting new transparency rules for derivatives and other complex financial instruments; stronger consumer protections; and giving investors more of a say in who runs firms and limiting executive pay.
And they all lived happily ever after.
I have spent most of my professional life suing Wall Street firms, so I have no sympathy for the many bad practices which have ripped off investors. …
The economic meltdown started with the people in government — including many of the Democrats who now are pushing for “reform” — who corrupted the credit practices of banks and other lenders in the name of progressive policies. The same policies which will cause our heath care system to collapse.
…Hence Obama taking the fight “to the place where the economic meltdown began.”
Except that it didn’t. The place where the economic meltdown began was in the offices of Fannie Mae and Freddie Mac, the Federal Reserve, the White House, and the halls of Congress.
If Obama wanted to visit the place where the economic meltdown began, he could have walked there in just a few minutes.
The Tea Party will be there. Because what is a Free Lunch without some tea?