Quote:
Originally Posted by Bucco
...read this article that says that the government is turning our financial companies like Goldman into the old ATT's in that the rules that will be put into place will allow lots of government meddling into their business but give them in turn lots of government influence...President Barack Obama and the Democrats have decided to turn Goldman Sachs Group Inc. and a few other financial giants into organizations that resemble ATT Corp. in the 1950s
The second article details how the current legislation will empower the unions (public, which are the largest)...The Dodd bank bill won't shift the $130 billion coveted by the SEIU out of bank bonuses and into the raises of schoolteachers and bureaucrats, but it will make it possible for public employees to start pressuring the banks to change their practices from the inside out.
So when you see public employees and the refugees from ACORN out in the street this week decrying Wall Street greed, remember that they are not fighting to take power away from big banks, but to instead control that power themselves....
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I am completely lost by what these articles are attempting to say, Bucco. I normally think Bloomberg is a pretty good source. The Examiner is nothing more than a blog with a nifty-looking banner.
But after reading them...and reading them again...it's like the authors put a bunch of words and thoughts that would make good soundbites together in a couple of articles.
How an Goldman Sachs could be made into an AT&T and how the unions are supporting the regulations because they can get some of Goldman Sachs bonus money are ideas that are simply more convoluted than I can understand. I honestly can't figure out what the authors are trying to say.