Four “Too Big to Fail/Jail” Banks Threaten to Hold Back Funds to Democrats Over Elizabeth Warren

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Having already proven that their institutions are above the law in the aftermath of the financial crisis, executives at the “Too Big to Fail and Jail” banks have decided it’s time to teach Senate Democrats a lesson. Not being content with trillions in taxpayer backed bailouts to protect and further consolidate virtually all wealth within their oligarch fiefdoms, these bankers are irate at the notion that a commoner would dare criticize their unassailable crony privilege.

However, the worst part of this story, is that while Warren is harsher than most of her completely bought and paid for colleagues, she is still pretty meek when it comes to the big bank oligopoly. In her most misguided position, she doesn’t even support an audit of the largest organized crime institution operating within these United States, the Federal Reserve. Oh and for those of you who will claim the Fed is already audited, think again. Read: The Fed Impedes GAO Audits by Destroying Source Documents.

Thus it seems even Warren’s meager push for reform is simply too much for the thin skinned bailout baby banks to handle. From The Hill:

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Former Aide to Bill Clinton Speaks – “My Party Has Lost its Soul”

Screen Shot 2014-07-29 at 10.37.26 AMOne reason we know voters will embrace populism is that they already have. It’s what they thought they were getting with Obama. In 2008 Obama said he’d bail out homeowners, not just banks. He vowed to fight for a public option, raise the minimum wage and clean up Washington. He called whistle-blowers heroes and said he’d bar lobbyists from his staff. He was critical of drones and wary of the use of force to advance American interests. He spoke eloquently of the threats posed to individual privacy by a runaway national security state.

He turned out to be something else altogether. To blame Republicans ignores a glaring truth: Obama’s record is worst where they had little or no role to play. It wasn’t Republicans who prosecuted all those whistle-blowers and hired all those lobbyists; who authorized drone strikes or kept the NSA chugging along; who reneged on the public option, the minimum wage and aid to homeowners. It wasn’t even Republicans who turned a blind eye to Wall Street corruption and excessive executive compensation. It was Obama.

A populist revolt among Democrats is unlikely absent their reappraisal of Obama, which itself seems unlikely. Not since Robert Kennedy have Democrats been so personally invested in a public figure. Liberals fell hardest so it’s especially hard for them to admit he’s just not that into them. 

– From Bill Curry’s excellent article in SalonMy party has lost its soul: Bill Clinton, Barack Obama and the victory of Wall Street Democrats.

Bill Curry’s article published this past Sunday by Salon is simply extraordinary. One of the things I’ve felt has been lacking in America for some time is the ability for well-meaning people within the “power structure” to look inward and be honest with themselves about the immoral decay fellow members of their socio-economic class have wrought upon the nation via a singleminded pursuit of wealth and power. A perfect example of an ignorant, destructive oligarch completely devoid of self-awareness was put on full display earlier this year when Sam Zell appeared on Bloomberg TV and essentially said the poor just need to act more like the rich.

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