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Edited on Sat Nov-05-11 03:23 AM by truedelphi
Great discussion over at Tinyrevolution.com about Ron Suskind and his book, "Confidence Men.".
Things are mentioned in is book that do not get much mention elsewhere, including this detailed and informative rap on how it went down between Obama and the bankers, Spring of 2009:
"The CEOs went into their traditional stance: "It's almost impossible to set caps; it's never worked, and you lose your best people," said one. "We're competing for talent on an international market," said another. Obama cut them off.
"Be careful how you make those statements, gentlemen. The public isn't buying that," Obama said. "My administration is the only thing between you and the pitchforks." It was an attention grabber, no doubt, especially that carefully chosen last word.
But then Obama's flat tone turned to one of support, even sympathy. "You guys have an acute public relations problem that's turning into a political problem," he said. "And I want to help. But you need to show that you get that this is a crisis and that everyone has to make some sacrifices." According to one of the participants, he then said, "I'm not out there to go after you. I'm protecting you. But if I'm going to shield you from public and congressional anger, you have to give me something to work with on these issues of compensation."
Meanwhile, over at Naked Capitalist today, Mr Black from St Louis is saying that we the public should see to it that Eric Holder goes packing - as his DOJ is quite happy going after the small fry and totally avoiding the Bigger Fish swimming in the cesspool of life that we could refer to as our Financial Vampire Capitalists - get rid of "Venture" substitute vampires!
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