mercredi 10 mars 2010
Note
Post de fin 2008 de Naked Capitalism sur les règles afférentes au collatéral pour les CDS. Collateral. CDS.
Bob Herbert explique la dure réalité à Obama
Bob Herbert dans le NYT:
We’re being told — and even worse, Mr. Obama and the Democrats are being told — that their narrative is not getting through. In other words, the wonderfulness of all that they’ve done is somehow not being recognized by the slow-to-catch-on masses.
That’s just silly. People are upset because they are mired in economic distress and are losing faith that their elected representatives are looking out for their best interests. They’ve watched with increasing anger as their government has been hijacked by the economic elite. They know that the big banks that were bailed out by taxpayers can borrow money at an interest rate of near zero while at the same time charging credit-card holders usurious rates of 20 to 30 percent.
They know that the financial fat cats are fighting the creation of a truly independent Consumer Financial Protection Agency. They know that while ordinary Americans are kept out of the corridors of power, the elites with their lobbyists and lawyers and campaign contributions have a voice in every important decision that is made.
It’s not the message that’s a problem for Mr. Obama and the Democrats, it’s the all-too-clear reality.
We’re being told — and even worse, Mr. Obama and the Democrats are being told — that their narrative is not getting through. In other words, the wonderfulness of all that they’ve done is somehow not being recognized by the slow-to-catch-on masses.
That’s just silly. People are upset because they are mired in economic distress and are losing faith that their elected representatives are looking out for their best interests. They’ve watched with increasing anger as their government has been hijacked by the economic elite. They know that the big banks that were bailed out by taxpayers can borrow money at an interest rate of near zero while at the same time charging credit-card holders usurious rates of 20 to 30 percent.
They know that the financial fat cats are fighting the creation of a truly independent Consumer Financial Protection Agency. They know that while ordinary Americans are kept out of the corridors of power, the elites with their lobbyists and lawyers and campaign contributions have a voice in every important decision that is made.
It’s not the message that’s a problem for Mr. Obama and the Democrats, it’s the all-too-clear reality.
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