Obama Plan Blows Secret Kisses to Wall Street

Ernest Istook / April 28, 2010

Somebody spilled the beans Tuesday, telling the truth about the financial reform bill being debated in Congress. But most media ignored it.

Rather than being the targets of this bill, Wall Street financiers will be rewarded by it. The chairman of Goldman Sachs, Lloyd Blankfein, told a Senate subcommittee, “The biggest beneficiary of reform is Wall Street itself.”

So why does President Obama instead want us to believe the legislation is our revenge against Wall Street, a chance to get our money back after so many bailouts? (more…)