Wednesday, February 3, 2016
Wall Street Loves the Iowa Winners
Even though the race between Clinton & Sanders arguably could be considered a tie, technically the multi-millionaire Clinton appears to have won. Cruz, also a multi-millionaire, won on the Repub side. [The Clintons, ~ $45 million total net worth; Cruz & his wife, ~ $3.5 million total net worth.] SSDD.
Wall Street has contributed millions of dollars to both candidates. Clinton has made more money giving speeches to Wall Street Banks than has husband Bill. Cruz's wife works for Goldman Sachs. SSDD.
Does all that prove anything? No, but it is highly suggestive. Each of those candidates is working hard to convince voters that he/she is a Populist. The question arises: why would Wall Street support a Populist candidate? I can't think of one good reason. In both 2008 & 2012, Wall Street gave more in campaign donations to Obama than to the Repub candidates. Obama, the Corporatist who poses as a Populist. Wall Street knows who's who...even today. [I suppose one could argue that Wall Street conceivably could contribute to a Populist candidate in order to attempt to corrupt said candidate. That was unnecessary in Obama's case; he already was a Corporatist. His record proves that.]
It's too bad that the Corporate Media talking heads don't/won't ask all current candidates the following.
1. Will you push for the reinstatement of Glass-Steagall in order to put a stop to Casino Capitalism in which Big Banks use our money with which to gamble?
2. Will you push for the break-up of the monopolistic Big Banks?
3. Will you push for stiff regulations concerning bizarre financial derivatives so that Wall Street gambling bets on them won't crash our economy as they did in 2008 and are doing now? [Presently, massive oil derivatives are on the cusp of crashing the financial & economic systems again. Never mind the derivatives on most all other commodities. As a result, many (perhaps most) 401(k)s already have lost a few thousand dollars each. SSDD.]
4. Will you make a promise to NOT appoint Wall Streeters to Financial & Economic positions in your Administration?
5. Will you promise to push for a full audit of the Fed Reserve? [Wall Street pundits and the Fed itself often say that the Fed has been audited in the past...that's true, but it's always a restricted audit, never a full audit. Trillions of dollars are unaccounted for.]
Too bad, indeed. SSDD.
Not only my opinion. Be Well