Subprime
Meltdown
Echoes, OWS
& Obama's
Story,
JPMorgan Off
the Hook
By
Matthew
Russell Lee
UNITED
NATIONS,
September 17
-- So far this
week there are
at least two
competing
narratives of
the subprime
financial
meltdown.
On Monday
President
Barack Obama
spoke from the
Rose Garden
about what he
has
done since,
but still
implicitly
blaming
irresponsible
borrowers to
some degree
for the
crisis. Obama
has chided
some
homeowners for
treating
their homes as
investments.
Really?
Meanwhile
Occupy
Wall Street
marks #S17
today. Slogan
included a
call to remove
Wall Street's
Weapons of
Financial
Destruction,
echoing with Syria.
Obama's
messaging
was done
through this
National
Economic
Council, from
which
Gene Sperling
is leaving, to
be replaced by
Jeffrey
Zients, who
used
to work among
other places
at Bain &
Co. Only
opposition
made Larry
Summers tell
Obama he had
withdrawn his
Federal
Reserve
nomination.
He's made others,
from Deutsche
Bank, click
here for
Inner City
Press story.
So
where's the
accountability?
How many Wall
Street
executives
were
prosecuted for
their role?
Five year
anniversary?
Where's the
beef?
The
US Office of
the
Comptroller of
the Currency
is considering
imposing
a fine of
JPMorgan
Chase, for
predatory
practices -
but only of
$80
million. CEO
Jaime Dimon
brags of
meeting with
the OCC on a
monthly
basis.
OWS
marchers aim
to target
JPMorgan. The
bank, like
Kazakhstan,
pays
Tony Blair,
who moonlights
for the UN on
the Middle
East. The UN's
Ban
Ki-moon has
put a Bank of
America bigwig
on his clean
energy board.
Who works
for whom?
Watch this
site.
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