Bankers, Lawyers, Politicians and CEO’s

Goldman Sachs, Shore Bank, George Soros, the Joyce Foundation, Obama, Al Gore, the Clintons, Rangel, Watters, Geithner, Reid, Franks, Giannoulias, Ayers, Blagojevich and the list goes on and on and on…

Funny, that despite the greatest power grab and expansion of government in the history of the U.S.; while the economy is struggling to digest the heavy burdens this administration has imposed upon it. While the rules of the great financial reform law are largely unwritten. While the economy is weak and under the greatest stress in it’s history, the housing market on its proverbial buttocks, unemployment is raging, a cocktail of oil and who knows what is floating about in the Gulf of Mexico, fortunes have been stolen and people left to morn the loss of their comfortable retirements, small businesses are struggling to survive, the system is broken and corruption is the only rule of the day…  and yet… the concerts continues.

Banks just announced record earnings or far better performance than expected and mostly due to fancy accounting. As if in concert they all decided that things are so much better now. They no longer have the need for such large loss reserves. Besides, the White House and Wall Street would not have liked it very much if they had reported the truth. The market is happy, the press is happy, Wall Street is happy, Obama is happy, and the Bankers… well, they get to keep their huge pay packages and that makes them very happy. Buddies and Pals. It’s so nice that at the end of a long day they can all smile and shake hands. I wonder what their interns are all doing?

~ by executivechaos on July 28, 2010.