The People Win as Lawrence Summers Trades Power For Wealth

"Summers engineered Congress’ passage of the Commodity Futures Modernization Act that Clinton signed into law, banning any and all government regulation of the over the counter derivatives market including the credit default swaps and collateralized debt obligations trading in housing mortgages that caused the greatest economic crisis since the Great Depression. "

Why did candidate Obama pick Summers to be his key economic advisor?

Why did president Obama follow guidance of Summers to continue Bush strategy to bail out Wall Street?

Why did president Obama, during his re-election campaign, not pay attention to the Berkeley and Oxford study revealing  the richest 1 percent skimmed off an astounding 95 percent of the gains in income since the official end of the recession in 2009.

Why did president Obama bail out the richest while sacrificing the rest? 

Why did president Obama allow the top 1 percent to acquire the biggest share of income since 1928, the previous high point of American income inequality?

Views: 27

Support Atheist Nexus

Donate Today

Donate

 

Help Nexus When You Buy From Amazon

Amazon

 

© 2014   Atheist Nexus. All rights reserved. Admin: Richard Haynes.

Badges  |  Report an Issue  |  Terms of Service