Thursday, April 2, 2009

Who Likes It?

Greider again:

Another way to assess the Obama plan for reform is ask: who likes it? The verdict was swift and sure after Geithner's twin announcements. Wall Street likes it. The blueprint for regulatory reforms was applauded by the Securities Industry and Financial Markets Association; the American Insurance Association; and the Private Equity Council, the trade group for the major private funds that will get public money and backup insurance to buy the banking system's rotten assets.

This could be born-again patriotism. Or it could be the animal appetites of financiers smelling gorgeous opportunity for returns.

The same thing is true for Afghanistan. If the neo-cons like it, then I smell something bad happening.

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