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Clearly, the current team in office has no interest in this case and are hoping that it will all "go away". :-/
Clearly, the current team in office has no interest in this case and are hoping that it will all "go away". :-/
Between our sitting POTUS and the most electable challengers from across the aisle, I don't think any of them are going to be willing to expend the necessary political capital to go all "Eliot Ness" on the out of control financial services sector. Absolutely it needs to happen, no question. However, for that brave President who finally takes on the banks, his or her administration will be totally defined by this one task. It would also probably guarantee a one term presidency and a legacy that would be more loathed than cheered by the average citizen. There isn't a politician alive who would take this kind of risk, at least not one who's likely to be elected.
Just another reason I'm bullish on PMs.
Edited by coinwatch
03/30/2012 8:20 pm
03/30/2012 8:20 pm






















