We can’t talk about the impact of the Corporate Elite without some understanding of the complicity of the Bureaucratic Elite:

Why do they accord him (Obama) high ratings? They are like the recently married bride who took her vows 100 days ago. It would be a disaster for her life if she decides that she really doesn’t like her husband. But she keeps noticing things about him that she can’t stand. It will be a while before she walks out the door or even comes to terms with her own doubts, but it is probably inevitable that she will.

For Americans to conclude that they disapprove of their president in the midst of an earth-shaking crisis is very difficult. But as Obama’s daily line moves from “I inherited this mess” to “There are faint signs of light,” the clock starts ticking. If there is no recovery for the next six months — and I don’t think there will be — Obama will inevitably become part of the problem, not part of the solution.

And then will come his heavy lifting. He has yet to raise taxes, regiment healthcare or provide amnesty for illegal immigrants. He hasn’t closed down the car companies he now runs and he has not yet forced a 50 percent hike in utility bills with his cap-and-trade legislation. These are all the goodies he has in store for us all.

It’s nothing more than biding time with these new cunning symantics for example. That’s the main reason why the term “Bad Bank” had to dissapear out of the media. It just doesn’t sound good – “Bad.” With the term “Stress Test” you at least have the illusion that someting must be going on.Otherwise, why be stressed? Unless you are the working chair of  Timothy Geithner which probably is the only real stresstest going on right now. Mine failed recently but that realy is a side issue.

These toxic assets become Phantoms of the Opera in which the final act in which the main character supposes to die dramatically is prosponed again and again by many in between acts. After the “Bad Bank” we now have the “Stress Test” act with a sub in-betweener, some accounting gimmicks to leverage the mood not the money.

These insane crony capitalist Geithner plans in a “pas de deux” with the Brotherhood are to make sure that the taxpayers money will be tapped out of the real economy more efficiently. You can’t deny the reality of the economy in which deflation is the major factor in the decreasing underlying value of the securities if they had any substantial value at all to begin with. They are in fact unsellable while at the same time there is a great need for sound capital. But you can’t pull a dead horse, can you? Maybe the anointed trust each other to a certain level but business is not done by creating new bubbles but real business is creating solid sound money for longterm future investments. Not pumping money around in a for that purpose crony resurected living/dead Frankenstein banking vehicle. And all of this from even more taxpayers money.

http://home.comcast.net/~plutarch/911.bmp

@davy germany – they do it because the collective we let them do it; most people still think that there is some sort of divine right of bankers/hedgefund managers/rich people to live differently because we have been brainwashed to believe that we might become one of them . . . many studies in the US have shown this as the reason for the country being the way it is

you might like this. Comedian Tommy Tiernan on pirating songs in the 80′s.

http://www.youtube.com/watch?v=NdD_8GwaOxI